Re: [Chart] Volume Profile Accumulation Zone $5,910 - $8,630 (VPVR)
Interestingly enough, Bitstamps VPVR is considerably different from BLX, showing a point of control around $8300, as opposed to $6250 level.
This is using the same 27 Month volume data from mid $3K in September 2017.
Given Bitstamp is one of the much older exchanges, to me this implies that ₿ OG's are buying at higher level than exchange averages.
Not that the volume difference is far from minor, compared to the BLX volume profile, even if within the same wide range:
This is using the same 27 Month volume data from mid $3K in September 2017.
Given Bitstamp is one of the much older exchanges, to me this implies that ₿ OG's are buying at higher level than exchange averages.
Not that the volume difference is far from minor, compared to the BLX volume profile, even if within the same wide range:
Very interesting observation! I've never thought to use a volume profile on BLX. Since BLX is volume-weighted and Bitstamp is always one of its constituent exchanges, I would think it gives the most accurate picture of key price levels. This is the current breakdown of constituents:
It might be interesting to see a more granular VPVR.
Thanks for the reference, I have a feeling the VPVR is different as doesn't include all trading data throughout the day, only the Daily closes. Given that Coinbase is in confluence with Bistamp VPVR, and this is the majority of the volume, it seems that the BLX VPVR maybe much less relevant/accurate. Hence publishing this "again" using Bistamp data to provide a more accurate picture:
