Short Term Update

Midweek updated deviation levels and VWAP

bitstampUSD 1 Day #1 2017-06-15 09_09_07.029
XBTUSD Daily Chart

Price today tested the first positive deviation line (bitstamp data), 2 months VWAP is now at 1789$ and in case of a further drop below it I’ll increase my long term position, from 150 to 175 bitcoins.

RSI oscillator is near the midline (50) and when there are strong uptrends it usually acts as support, i don’t think it will go straight to oversold without a rebound first.

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