The power of the VWAP indicator - #BTC 105k
After BTC corrected to 92k corresponding to the VWAP line of the uptrend from 67k, both times BTC rebounded
- The first time BTC bounced back to 99k5 corresponding to the resistance area of the VWAP line of the correction wave 108k-92k
- The second time BTC bounced back to the current price area 99k - still the VWAP above and stopped to test this area
From this, we can see that the VWAP line is a relatively reliable indicator for effective trading
In the medium-term outlook, BTC is highly likely to surpass the VWAP 108k-92k to approach the old peak area (the possibility of reaching 105k)
The entry area when the price successfully breaks out the VWAP 108k - 92k or the price corrects to the VWAP line of the uptrend at 92k
Ps: The large 3D wave in the near future is likely to sideways around the current price area 92k-108k, this is an opportunity for Altcoin as 'dom' will flow into altcoin -
#BNB 1000$