I am back again with another market analysis. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.
LITTLE BIG MOVEMENT LATEST BLOG POST
It is that time of the week where we look at the crypto markets. I will get straight to the point, the VWAP has dropped from $5000 to $4900. On my last market analysis for BTC, you could see that the value area was just below $5000. We had seen price drop below $5000 which I had stated was a good buy only a couple of days before the pullback. With the current volatility of the BTC market, I would continue to stick with the VWAP and start buying below $4900. Remember the $5500 is the next price to break which means buying under $5000 provides great value for long term positions. If the BTC price moves towards $5500 wait for the next pullback to get in.
"Patience is the key to any market" - Nathaniel
Next update will be in the coming week - Thank you for your love and support.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
LITTLE BIG MOVEMENT LATEST BLOG POST
It is that time of the week where we look at the crypto markets. I will get straight to the point, the VWAP has dropped from $5000 to $4900. On my last market analysis for BTC, you could see that the value area was just below $5000. We had seen price drop below $5000 which I had stated was a good buy only a couple of days before the pullback. With the current volatility of the BTC market, I would continue to stick with the VWAP and start buying below $4900. Remember the $5500 is the next price to break which means buying under $5000 provides great value for long term positions. If the BTC price moves towards $5500 wait for the next pullback to get in.
"Patience is the key to any market" - Nathaniel
Next update will be in the coming week - Thank you for your love and support.
To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.
Regards
Nathaniel - "THe BiPolar TraDer"
Little Big Movement
