Short Term Update: 3 days VWAP

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3 Days VWAP + deviation lines

After a decisive breakout of the 1480$ weekly resistance level and because of the high volatility i decided to zoom in with an intraday chart (60 min bar). 
Here the VWAP is computed using only the last 3 days and to compute the deviation lines only the volatility of the last 3 days is used, this allow me to have a snapshot of the current situation.
When a market is strong it usually stays above the first deviation line and the second one acts as a resistance, I think that for the rest of the week XBTUSD should stay below 1670$-1750$ with a support area right below the 3 days VWAP (1400$-1500$).
This market is very bullish and it’s quickly accelerating, the volatility i was expecting in my previous update is finally coming to the market.

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5 thoughts on “Short Term Update: 3 days VWAP

  1. Michael

    Thanks for the update. Exciting times. I know it’s off topic, but what’s your view on EURUSD, if you have one?

    1. I covered my shorts on eurusd at 1.05 i think it is going to 1.13 at least, let see the french election.

      1. i can tell you when the next top will be established, if 1.13 then it’ll not go to parity. Instead if the top is now at 1.09 then eurusd can go down to 1.01-1.00

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