BTC playing pinball in the VWAP lines. We are currently suspended at the anchored VWAP line taken from the 2020 covid low.
Anchored VWAP lines by convention are taken about the highest volume spikes near significant local highs or lows throughout BTC's history.
If BTC breaks resistance at the current VWAP line, expect the next target to be the next highest VWAP line around $31,385 before retesting the 1 fib line as support.
If rejected convincingly, look for the below VWAP line at about $25,000 as the low target confirming broadening/megaphone pattern.
Anchored VWAP lines by convention are taken about the highest volume spikes near significant local highs or lows throughout BTC's history.
If BTC breaks resistance at the current VWAP line, expect the next target to be the next highest VWAP line around $31,385 before retesting the 1 fib line as support.
If rejected convincingly, look for the below VWAP line at about $25,000 as the low target confirming broadening/megaphone pattern.
