Bitcoin held the VWAP line with avg to low volumes and seems that it's bouncing to keep going with the uptrend.
XLM is a bit lagging behind and crossed below the VWAP with high volumes, if xlm will keep going down a very sweet spot for a long position is the yellow zone that represents Volume profile's POC of yesterday's session and the close of the VWAP. They are gonna behave as support and if bitcoin keep the uptrend, xlm will definitively recover and go up. Super tight stop loss around 0.13970 because is this line doesn't hold then it's gonna be a freefall.
All this ONLY if bitcoin keeps staying above VWAP. If we see a break of vwap with big volumes, then forget about any long position since the market is gonna correct heavily.
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BTC broke ATH again but with low volume and it's Christmas day so let's be watchful
Great analysis!👌🏻 when you do think your bias will kick in?🔥
rosnick
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@Investroyllc, XLM might not reach that yellow zone I marked since after all this BTC action it didn't move much. Bitcoin broke all-time high but with low volumes on Christmas day so i'd be very cautious and super tight with stop loss to avoid big losses