TradingView
mcakir73
Sep 6, 2022 12:07 PM

BTC price action on the 15 minute chart and VRVP levels. 

BTCUSDT SPOTBybit

Description

The more you zoom into the chart the clearer it becomes to notice huge dumps.
Now the 15-minute chart clearly shows us this type of dump which started in the Asia session. I added an FX session indicator to show you the type of price action belonging to each exchange.
As you can see here in the chart the price action started dumping from the 20,164 levels down to the 19,649 levels which is the Value Area Low on the 15 Minutes chart.
At the moment the price of BTC is dumping once again after the London session opened. Now that we are in the territory of US markets we will see some action once the SP500 opens.

Below you can see the VRVP levels.
Point of Control: 19,774
Value Area High: 19,958
Value Area Low: 19,651
Comments
ENTITY_NOT_FOUND
It's hard to tell if the pattern will repeat, especially because futures are up.
More