Hello Guys and Community!
Take a look at my bitcoin analysis.
Bitcoin has been in a very small range for the last few days and I expect to move. In the chart, you can see two key levels near the price, which are based on the Value Area of the week and the month. The candle that breaks the long term trendline also created the StarGap formation, which is still respected. When we look at VWAP, Bitcoin got below the first standard deviation in the fair value zone.
My plan so far is to follow the price in which direction it will go. Personally, I would like to go and test the annual VWAP POC, where in addition the Gap is still open and I would speculate on a long position. If the long term trendline break was false and bitcoin would go up I will react to the key monthly and weekly levels you see in the chart.
I hope my analysis helps you.
If you want my free indicator for levels, write to me.
Have a nice day!
Take a look at my bitcoin analysis.
Bitcoin has been in a very small range for the last few days and I expect to move. In the chart, you can see two key levels near the price, which are based on the Value Area of the week and the month. The candle that breaks the long term trendline also created the StarGap formation, which is still respected. When we look at VWAP, Bitcoin got below the first standard deviation in the fair value zone.
My plan so far is to follow the price in which direction it will go. Personally, I would like to go and test the annual VWAP POC, where in addition the Gap is still open and I would speculate on a long position. If the long term trendline break was false and bitcoin would go up I will react to the key monthly and weekly levels you see in the chart.
I hope my analysis helps you.
If you want my free indicator for levels, write to me.
Have a nice day!
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Weekly updated S/R and key levels
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