Short Term Update

eng
3 Days Chart – VWAP + dev.lines

Once I’ve found a decent value as a volatility coefficient to compute deviation lines this market responds very well to these levels.

XBTUSD failed to pass the first positive deviation line then a retracement back to VWAP where it consolidated a bit and now it’s reacting again to the upside.

Resistance remains the 1620$-1720$ price zone.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s