As we head in to the close of another week, bitcoin remains stuck in the same range. Yesterday saw a drop on the news that Coinbase was hacked, price still found support at the same anchored vWAP which has offered support on prior occasions. Price reclaimed the local range VAL and we then saw a full range rotation up to the VAL with the naked daily POC front run.
Bitcoin Trading Plan
Todays levels of support for Bitcoin where price may, or may not give a reaction are:
- 102,100 – aVWAP, daily NPOC.
- 100,000 – Monthly vWAP
- 97,000 – Upper range POC and anchored vWAP from 20th April lows.
- 91,600 – Naked POC, liquidity, anchored vWAP.
Todays levels of Resistance for Bitcoin where price may, or may not give a reaction are:
- 104,500 – Naked POC, local range VAH.
- 109,000 – Weekly and Daily naked point of control.
High Impact News events to be aware of:
- 13:30 GMT – Housing Starts, Building Permits, Michigan Consumer Sentiment.
The above levels are intended as areas of interest only, they are not in anyway financial advice and a valid entry trigger, stop loss placement and target needs to be considered before entering any position