medium · Volume Profile Analysis profile-shapes
In a crypto session (BTC/USD), the Volume Profile shows a 'b-profile' shape.
How should this be classified and what is the sentiment?
- Bullish; it is a 'P-profile' showing short-covering initiation.
- Neutral; the market is in a balanced D-shape state.
- Bullish; buyers accumulated at the bottom and are preparing for a breakout.
- Bearish; aggressive sellers were found at the top, and price settled at lower levels.
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