I did a detailed analysis of how the bitcoin price reacts to VWAPs formed by top or low
In 2013 when we passed the from the April 2013 top we got +790%
In 2017 when we passed the from the 2016 top we got +2927%
In the year 2019 when we passed the from the top of 2017 upwards we got a +80% movement
In conclusion, when Bitcoin is on top of all the , a major move upwards is to be expected.
And when it's below all , a significant downward movement is to be expected.
At this moment we are just passing the from the top of 2019 upwards.
The reasonable target 1 in the medium term is the formed in 2017 that was not tested yet and that is approximately +80% of the current price.
The invalidation is a closing down of the accumulation formed over the 2019 (lost $8400 on daily close)
No, there are no dates.
It's just a target assumption, it can take months or it can be invalidated in a few days.
My trading style is level by level or for swing trades I use my swing bot.
Same level as my vwap, lets see what price doing!