Every time in recent history #Bitcoin was giving a hope for bullish reversal it ended up dumping hard crashing all the bulls hopes. On this chart I've turned on Quarter VWAP and you can see price is once again trying to climb above VAL band. Either we will see a breakout that might take place during this weekend, or $BTC momentum slowly fade out and price drop back to developing year VWAP.
Main levels to watch once volatility kicks in:
๐ธ 25280-25330 - previous weeks lows
๐ธ ~24580 - August low
โ 26600-26900 - Q2 VAL and month 20SMA
๐ธ ~27550 - May VWAP
๐ธ ~28100 - Q2 VWAP
#BTC 4H EMAs:
๐ผ 55 at 26055
๐ป 233 at 26814
๐ป 987 at 27219
๐ฅ 26616 - 26806 - 27250
๐ฉ 25950 - 25600 - 25300
Main levels to watch once volatility kicks in:
๐ธ 25280-25330 - previous weeks lows
๐ธ ~24580 - August low
โ 26600-26900 - Q2 VAL and month 20SMA
๐ธ ~27550 - May VWAP
๐ธ ~28100 - Q2 VWAP
#BTC 4H EMAs:
๐ผ 55 at 26055
๐ป 233 at 26814
๐ป 987 at 27219
๐ฅ 26616 - 26806 - 27250
๐ฉ 25950 - 25600 - 25300
