the_Vth

BTCUSD uses 1->8hr VMA(14) perfectly as support/resistance(s)

BITFINEX:BTCUSD   Bitcoin
BTCUSD throughout the climb to and fall from $8200 in the last month, has used 1/2/4/8hr VMA(14)'s consistently as support and resistance . Breaking down one, to be saved by another. Breaking through one, to be blocked by another. It has touched at more key points than with any other indicator I have tried (50 EMA , ATR Stop, Volatility Stop , Supertrend, etc.).

Uses this script:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.