Short Term Update: 7 days VWAP

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.