By looking at the volume profiles we can see buying volume and selling volume seperately for a certain price range. When we extract selling volume from buying volume, we can calculate the net buying or selling volumes (i suppose). Here i took the April low as the top of this calculation.
On the left, i took the 7 segments for the trading range and the whole decline from April low.
Results are fascinating when you subtract selling volume from buying volume at each price level:
2.897.000 - 2.763.000 = 134.000 Bitcoins (122.198 of that in wyckoff trading range)
With an average price of $35k, this amount translates to $4.69 billion dollars AND this is just Binance!
Given Binance market share is 25% we should multiply our result by 4 which brings us to $18.76 Billion as a whole!
Notice how the current price range is just at 2.909 Bitcoins and one lower segment is at 6.694! This suggests that we are going to have lots of bull and bear traps in this area until the net selling amount reaches double digits, before we go down further.
Composite Man is fucking net selling!
Sorry, i tried being bullish, it didn't work.
On the left, i took the 7 segments for the trading range and the whole decline from April low.
Results are fascinating when you subtract selling volume from buying volume at each price level:
2.897.000 - 2.763.000 = 134.000 Bitcoins (122.198 of that in wyckoff trading range)
With an average price of $35k, this amount translates to $4.69 billion dollars AND this is just Binance!
Given Binance market share is 25% we should multiply our result by 4 which brings us to $18.76 Billion as a whole!
Notice how the current price range is just at 2.909 Bitcoins and one lower segment is at 6.694! This suggests that we are going to have lots of bull and bear traps in this area until the net selling amount reaches double digits, before we go down further.
Composite Man is fucking net selling!
Sorry, i tried being bullish, it didn't work.
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。