Weekly Range Update: Yikes!!

bitstampUSD 1 Day #1 2017-10-13 08_18_24.109
XBTUSD tested VWAP 4th deviation line for the 1st time ever in its history

Updated weekly price range is 4730$-6600$ | It is interesting to note that the cross XBTUSD after two days of hesitation exactly on the second deviation line of our 2-month VWAP average then violently broke the resistance level to reach for the first time in its history the fourth line of deviation of the VWAP , this is a phenomenal sign of market strength.

Theoretically, the point where it broke the second deviation line (4800$) should now serve as a support in case of a price retracement but it is more likely that for the next two-three days the support level will be the third line at 5350$.
For who sold before these insane price levels it might be wise to enter again between 4800$ and 5350$.

Should the price levels, mentioned in this update, changes significantly I will keep you updated with Twitter.

ITA Version here.

One thought on “Weekly Range Update: Yikes!!

  1. bude's avatar bude

    Hi Enky, spot on!
    I suck at trading, should have holed all the way. From end of september to now, I lost have my stack! I am so screwed and sad. Any advice? I would like to get LTC instead and hope for an correction. Would you think that works?
    What shall I do?
    Also, to read from you more often would be great! Thankx, bude

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