rosstopher

Critical LTF Determination area here - Long and Short in play

BITSTAMP:BTCUSD   Bitcoin
Long story short (no pun intended!), I am long above 8350 and short above 8100. We are moving south on the LTF as I type so my bias is on the short side slightly, but will be watching price here and how it responds to the slightly increasing 5DMA (think yellow), increasing 50H (dotted light red), and current pivot point (not shown). Break below or poor price action here slightly above and I'll be all-in short expecting FINALLY that VWAP move down to the VWAP from the 2018 Low I've been discussing ($7400ish). Either way, eyes peeled here. Don't let them wear you out with this ranging shit - that's the intent and when the big moves are made. Look for movement around 8pm EST (0:00 UTC) as that is when pivots get re-set and BTC seems to set up for it's bigger moves. Will be setting stoplimit orders overnight in order to not miss out on a break one way or the other. NOT INVESTMENT ADVICE. Just sharing my thoughts and reminders to myself.

KEY:
Dark Purple= Critical Institutional VWAP from last touch of 1/16/16 breakout VWAP (4/25/19)
Purple= VWAP from recent crash and 4/25 VWAP support fail
Blue= Critical Institutional VWAP from 2018 Low
Pink= Critical Institutional VWAP from ATH
Dark brown= 200 DMA (price trading below)

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