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Message Subject
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Crypto bottoms when we have our next "world event" similar to covid pandemic
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Poster Handle
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nemo_solus |
Post Content
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https://imgur.com/a/gCV7euM Hi Cheese, Good to see you back again! Haven't changed my opinion much about how far BTC is likely to go as when we were discussing it back in your T.A. thread. As you can see from the above updated version of that chart, the volume profile Point of Control (red horizontal line) shows strong support down at around $9400, but not much support until then from where we have just broken through. So, another way to look at things and that are in agreement with what you are seeing. https://imgur.com/a/pardcfc The current Order Book over on Coinbase Pro for BTC:USD doesn't necessarily show exactly the same thing though, but the volume is certainly between $15-14k, with new substantial volume now starting to fill in between $13-12k. The lower end does also show some reasonable interest at $10k and then at $1k too. Also worth noting is the general lack of any volume overhead the current price.
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