$BTC BTC The support I mentioned as the Anchor VWAP support is also the 3-month EQ point, and it's crucial to maintain this level.
đ˘The trend is still bullish in my opinion because we're above the Anchor VWAP from the top. Once we break below it and start closing daily candles under that level, then we may need to panic a bit more for Bitcoin.
Short Term
đ´The red zone is an area I consider crucial in both the daily and hourly trends. If we break through this zone, the move will strengthen significantly. The next resistance is there
$ETH A successful scalp trade was made, and believe me, it's not hard at all.
Follow along, and youâll see these regularly here.
TraderToji
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$ETH See how simple everything is?
The price is below the previous day's EQ and also below the Daily VWAP â it's clearly going to drop.
They donât explain these things to you because they donât know either, all they know is how to shout "rocket emojis." If this were really that easy, everyone would be doing it :)
The price is below the previous day's EQ and also below the Daily VWAP â it's clearly going to drop.
They donât explain these things to you because they donât know either, all they know is how to shout "rocket emojis." If this were really that easy, everyone would be doing it :)
TraderToji
--
$ETH price has broken both yesterday's EQ and is currently below the Daily VWAP.
If this continues, we could try a scalp long from the green zone
$ETH To find yesterday's EQ, youâll draw a Fibonacci from the previous high and low of the price, and use the 0.5 level as a reference. The price will usually create more buying pressure above the previous dayâs EQ.
The same applies to Monday's EQ â if the price is above it, the upward movement is stronger.
VWAP = Volume Weighted Average Price. The difference between this and Anchor VWAP is that with Anchor VWAP, you set the starting point, while in this indicator, the daily volume is automatically taken as the line.
TraderToji
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$ETH â Yesterdayâs EQ is one of the key reference points showing us where the price might head.
EQ refers to the 0.5 level of yesterdayâs Fibonacci range. It acts as a balance point. If youâre doing intraday scalp trades, you should always check whether the price is above or below the 0.5 level.
So, for the price to move up, we need closes above this line.
$ETH â Yesterdayâs EQ is one of the key reference points showing us where the price might head.
EQ refers to the 0.5 level of yesterdayâs Fibonacci range. It acts as a balance point. If youâre doing intraday scalp trades, you should always check whether the price is above or below the 0.5 level.
So, for the price to move up, we need closes above this line.