daily close above 1783 for 1815 daily close above 1815 for 1841 daily close above 1841 for 1871 daily close above 1871 for 1895 daily close above 1895 for 1959 daily close above 1959 for 2000 (note this last one different technical analysis, it could go higher than 2000)
The reason why Chaikin Money Flow is the best volume indicator and it’s better than the classical volume indicator is because it measures institutional accumulation-distribution. Typically on a rally the Chaikin volume indicator should be above the zero line. Conversely, on sell-offs the Chaikin volume indicator should be below the zero line. Step #1: Chaikin...
Rule #1: Wait for a strong breakout and a close above the VWMA To determine whether Bitcoin cash breakout above the VWMA is genuine, we can use different tools, but the most accurate one is to use the price action. In order to get a good read on the breakout strength we want to see strong bullish bars that break above the VWMA with conviction. When the Bitcoin...