SHORT SET UP!
YOO!
Happy Thursday I am feeling under the weather today have the flu and i haven't been able to shake it off.
Anyways here's my TA for imitate short term.
A healthy correction due to the daily coming down on the vwap on market cipher b.
We did get a small bounce at the value area low round about 50700 to the poc at 51824.
Remember Volume profiles are very simple to understand if we can not get above are POC we could have a drop down to are value area low at 50700 and we are showing all bearish divs to accept us even lower these are my 2 targets!
If we do come down at 48k i will be looking to adding into my longs due to the fact the weekly remains bullish even if the vwap is coming down but money flow is still coming up suggesting the long term trend continue higher. In my opinion this is not a top.
Happy Thursday I am feeling under the weather today have the flu and i haven't been able to shake it off.
Anyways here's my TA for imitate short term.
A healthy correction due to the daily coming down on the vwap on market cipher b.
We did get a small bounce at the value area low round about 50700 to the poc at 51824.
Remember Volume profiles are very simple to understand if we can not get above are POC we could have a drop down to are value area low at 50700 and we are showing all bearish divs to accept us even lower these are my 2 targets!
If we do come down at 48k i will be looking to adding into my longs due to the fact the weekly remains bullish even if the vwap is coming down but money flow is still coming up suggesting the long term trend continue higher. In my opinion this is not a top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.