Re: [Chart] VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630
OP updated. Not much to add from January 2020 accumulation zone analysis, while Bitcoin now attempts to turn the $8,630 accumulation resistance level into support.
An updated view nearly 6 months later remains more or less the same, with the point of volume control remaining at $6,263, a re-test of the accumulation support level is therefore not out of the question:
The only relevant change is the the accumulation zone has become more spread with a "stairs" pattern upto $10,750, given the past 6 months of price action testing $8,630 - $10,550 price levels.
An updated view nearly 6 months later remains more or less the same, with the point of volume control remaining at $6,263, a re-test of the accumulation support level is therefore not out of the question:
The only relevant change is the the accumulation zone has become more spread with a "stairs" pattern upto $10,750, given the past 6 months of price action testing $8,630 - $10,550 price levels.