BTC traders are laying their cards down on the table, and in this market analysis, I will tell you why. I have continued to be careful with how I view the BTC markets, but one thing is for sure the Bi-Weekly VWAP, and Monthly VWAP provide excellent areas to buy in this uptrend. Take a look at the Yellow area on the chart, and you can see that price slightly dipped into this area twice while holding firm against the Bi-weekly VWAP. Today price has risen sharply from the VWAP, up by 2%. Looking closely at the chart, the majority of the volume traded on 23/5/2019 was precisely on the VWAP line. This shows that buyer were throwing their chequebook in the markets for $7500 price. What you also need to remember is the 30-day VWMA is now around the $7200 mark, and I would be stunned if price closes below the 30-day VWMA (pink line) and the Monthly VWAP at $7100. Keep your trading simple and use the yellow value area as a good entry point for trades. If the price drops into the Green value area buy some more ;-)
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"Patience is the key to any market" - Nathaniel.
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Nathaniel - "The value Trader" Little Big Movement