VWAP closes are a very underutilized tool, but they do not hit very often. Particularly old ones. So people don't pay attention to them.
The 2020 VWAP close also happens to line up with the quarterly 21 MA which has since 2015 been our macro bottom.
Obviously things are going to continue getting worse until the fed reverses course on policy. Bitcoin has never been tested during a recession or even a period of stagflation.
Wait and see, but it's a region to watch.
The 2020 VWAP close also happens to line up with the quarterly 21 MA which has since 2015 been our macro bottom.
Obviously things are going to continue getting worse until the fed reverses course on policy. Bitcoin has never been tested during a recession or even a period of stagflation.
Wait and see, but it's a region to watch.