Always pay attention to significant Anchored VWAPS
It is always important to be aware of significant AVWAP'S when looking to take profit on a trade, or establish a new position in a stock. Bitcoin mining stocks have been pretty a hot sector this year and are expected to perform very well throughout 2025 as well. However, the anchored VWAP (red) form the YTD high on July 17, 2024 acted as a textbook area of interest commonly taught by Brian Shannon. If you were long 
CIFR, the AVWAP from the YTD High was a great place to lock in some profits. Should the stock get through this level, preferably after some consolidation, this could be a great place for a new purchase. Especially considering Bitcoin is expected to outperform from now through the end of 2025.
CIFR, the AVWAP from the YTD High was a great place to lock in some profits. Should the stock get through this level, preferably after some consolidation, this could be a great place for a new purchase. Especially considering Bitcoin is expected to outperform from now through the end of 2025.
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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.
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.