😁This is not an automobile this is the chart of bitcoin which is always climbing !!
What's up guys ?!? Given that the market is often boring, I would like to be a little creative to diversify my charts.
However, it is not dissimilar, but you can imagine it as a Bugatti Veyron or Lambo, not a broken car.🤓
let's move on . Today I used Anchored VWAP indicator in the chart , cuz I think is more reliable among the initial indicators than the moving averages. Anchored VWAP provides all the same benefits of traditional VWAP in defining support and resistance levels, with the added advantage that you can pinpoint the exact timeframe to study. Starting VWAP calculations at the time of a significant turning point allows you to exclude price action that was driven by a different market psychology.
also it is always constant in different timeframes and doesn't change its direction or value based on different timeframes like other moving averages !
As we can see, I've drawn this indicator from trading pivots of L , H,LH,HH and ATH, and we see that in the past, whenever it broke out the price of these averages and maintained it, it was able to start a bullish rally, and also whenever it It has broken it down and the dripped under it, acting like a squeezed spring, throwing the price up.
So if we zoom in a little bit on today's price, we see that it has recently reached the lines drawn by recent pivots and, It has reached a critical and decisive point. So keep in mind that if it can maintain itself above these lines and this price level for at least another 👉3 weeks, it can continue its upward trend and reach higher prices. Otherwise, if it loses this level, it may fall to the bottom of the trend line below or even lower to the specified area so that it can squeeze its spring there again.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💙if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
What's up guys ?!? Given that the market is often boring, I would like to be a little creative to diversify my charts.
However, it is not dissimilar, but you can imagine it as a Bugatti Veyron or Lambo, not a broken car.🤓
let's move on . Today I used Anchored VWAP indicator in the chart , cuz I think is more reliable among the initial indicators than the moving averages. Anchored VWAP provides all the same benefits of traditional VWAP in defining support and resistance levels, with the added advantage that you can pinpoint the exact timeframe to study. Starting VWAP calculations at the time of a significant turning point allows you to exclude price action that was driven by a different market psychology.
also it is always constant in different timeframes and doesn't change its direction or value based on different timeframes like other moving averages !
As we can see, I've drawn this indicator from trading pivots of L , H,LH,HH and ATH, and we see that in the past, whenever it broke out the price of these averages and maintained it, it was able to start a bullish rally, and also whenever it It has broken it down and the dripped under it, acting like a squeezed spring, throwing the price up.
So if we zoom in a little bit on today's price, we see that it has recently reached the lines drawn by recent pivots and, It has reached a critical and decisive point. So keep in mind that if it can maintain itself above these lines and this price level for at least another 👉3 weeks, it can continue its upward trend and reach higher prices. Otherwise, if it loses this level, it may fall to the bottom of the trend line below or even lower to the specified area so that it can squeeze its spring there again.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💙if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Trade active:
DAILY TIMEFRAM:
