disynthetic

BTCUSD Price Seeking and Volume Profile

Short
BITSTAMP:BTCUSD   Bitcoin
As Volume Profile continues to fill in the gaps (highlighted), some technical analysts are holding to an ultimate bottom of $956. I tend to favor markets with the most history and the Volume Profile doesn't lie about what price levels are weakest.

I'm going to have to suggest that the bottom of the lowest Volume Profile weakness would correspond to $1180. This looks like where I will be reentering this market, and I suspect others are eyeballing that very same price level.

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