Short Term Update: monthly view at BTCe

chartThis is the daily chart of this month at BTCe exchange, Bitstamp unfortunately does not work since yesterday.
As you can see our VWAP average stopped once again falling prices, now it is a critical juncture and it is really important not to go under the VWAP otherwise BTC/USD could repeat the bearish pattern seen in April, this means that prices may drop down to 150 dollars where there is also the 200 days moving average.

If this bearish scenario will materialize it would be a tremendous buying opportunity since so far every test to break and go below the 200 days moving average failed.

EDIT
Please readers to don’t ask me how to set sierrachart indicators, i don’t have the time for this kind of support, feel free to post any requests directly on sierrachart support forum at the following url http://www.sierrachart.com/SupportBoard.php or study the documentation at http://www.sierrachart.com/index.php?l=doc/doc_Contents.php#OtherPages 
Said this i include here 2 screenshots with the settings i use for monthly vwap (click to enlarge)
vwapdev lines