BTC long and short scenarios

10 thg 1, 2022

Simple trend analysis on BTC. As long as we hold this weekly trendline we should see a nice bounce back above 50k. I'm looking for the KST to reset and cross back over 0 before full confirmation. If we fail and break down through this trendline then I'm looking for a flush to the anchor around 31k. If you notice, the price always gravitates back towards the anchor eventually. If you are unfamiliar with anchor VWAP, it shows you the average price of holders from which candle you place it on. GLTA