The anchored vWAP from 6th May lows has continued to hold price and yesterday we saw a move up in to the local range VAL followed by a rejection and retrace to the local range POC.
Bitcoin Trading Plan
Nothing much has changed on BTC since our update yesterday, price is largely rangebound consolidating below the VAH of the larger upper range.
Todays levels of support for Bitcoin where price may, or may not give a reaction are:
- 96,800 – Range POC, 0.75 fib retracement, aVWAP.
- 91.600 – Daily Naked point of control taking liquidity, aVWAP & range VAL.
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:
- None.
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