Bitcoin, volume support/resistance

Bitcoin, volume support/resistance

Bitcoin / Dollar BITFINEX:BTCUSD


Volume is king, and the volume profile tool allows for some pretty easy drawing of support and resistance lines.

I won’t say I know which direction this is going to move, as honestly, I don’t think I, or anyone else, really knows, but, if it does continue to drop then expect some support at the lines indicated.

Either way it will be interesting to see how it plays out if it does drop… this volume profile is a fixed one year session.