BTC/USD - Breakout is ready to happen any time soon
What a week it has been in the cryptomarket :-)
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
BTC - While we are still in this strong uptrend, I thought it would be good to have a look at the alpha dog which is Bitcoin. With the price seeing no signs of dropping below $5000 this could be potentially an excellent time to buy under there $5100. The 2 Week VWAP (Pink Line) has extended above the 1 months VWAP showing strong signs that we should see another break out soon. This is positive as we will not see a drop below $4500 at any point soon. I can only warn you that price could drop below $5100 and if you have not bought any Bitcoin then place some orders below $5100. Once the price breaks $5400, BTC will be trading sideways between $5600 & $5800.
"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
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
BTC - While we are still in this strong uptrend, I thought it would be good to have a look at the alpha dog which is Bitcoin. With the price seeing no signs of dropping below $5000 this could be potentially an excellent time to buy under there $5100. The 2 Week VWAP (Pink Line) has extended above the 1 months VWAP showing strong signs that we should see another break out soon. This is positive as we will not see a drop below $4500 at any point soon. I can only warn you that price could drop below $5100 and if you have not bought any Bitcoin then place some orders below $5100. Once the price breaks $5400, BTC will be trading sideways between $5600 & $5800.
"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
