Short Term Update: crash below 7 days VWAP

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XBTUSD H1 chart @bitstamp

XBTUSD crashed below a very short term VWAP, the last support is at 855 usd and at 841 usd there is also the 2 months VWAP, i expect some buyer to show up there.

Below the 850$ price zone there is 720$ in case of an epic fall fueled by margin call selling.

Short Term Update: 7 days VWAP

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XBTUSD H2 Chart Bitstamp – VWAP 7 Days

XBTUSD remains pointed higher, but may see short-term weakness down to the 7 days VWAP at 1030$ (1040$ for kraken and 1000$ for btce exchange).

Waiting for a dip to support before looking for fresh longs; risks of momentum slowing is on the rise without retracement if price moves below the short term VWAP.

RSI is close to oversold and i think that in the next hours there should be an intraday bottom, good opportunity to buy if market stays above VWAP.