BitcoinPembelian
BTC - resistance at key anchored VWAPs
BTC price action around these key anchored volume average weighted prices and cloned ascending/descending trend lines will let us know whether we are ready to break out. It's important to watch the VWAPs anchored from recent failed buy impulses to see if they act as resistance or become support. The VWAP from 8/29 is now support. After nearly wicking up to the VWAP from all time high, todays close found resistance at the VWAP from 8/9.
The light blue VWAP below traces back to an inverted hammer on 1/9 right before the uptrend. We'd like this to continue to hold as support. If it presents itself, a retest of the bright green below from the November 2022 low would be an excellent unique opportunity for additional accumulation
The light blue VWAP below traces back to an inverted hammer on 1/9 right before the uptrend. We'd like this to continue to hold as support. If it presents itself, a retest of the bright green below from the November 2022 low would be an excellent unique opportunity for additional accumulation
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