smilingllama

Bitcoin - fixed range volume profile

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Three clear volume levels here within this fixed range volume profile from 1st April. Part of me feels we might dip down to the next line if we close below the current POC . Market sentiment feels like it is turning bearish , I think there is going to be a clear struggle over this price range the next week. 10k is a key level, a key psychological level more than anything right now, imagine a lot of people are waiting for a clear close above 10k, then 10k acting as support before going long.
So these levels are playing out quite nicely. I would worry if the current line is broken, as we could (based on the volume profile) drop all the way down to 7k quite quickly.
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