BTC/USD - STOP BUYING!

I am back again with another market analysis. If you have no idea where I have popped up from that is ok, check out my blog which will give you a little insight into my trading journey.

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Time for what you came for :-)

BTC/USD - I have been trying to avoid doing a BTC/USD analysis, as I see so many ideas and market analysis on TradingView. Today I am bitting the bullet as a warning for all buyers in the BTC market. Honestly, if you think you should buy at this price you have lost your mind. The current price overvalued and needs a pullback to test the VWAP level which is $5000 (Yellow Line). $5000 is a solid "round number" and if you believe we will continue to move up towards $6000 I am sorry to say that will not happen for a while. I have highlighted the key value area (GREEN BOX), and if you look at my extreme deviation band in white, you can see we are right at the extreme of buying price. Be patient and let the hype die down until you buy back into this uptrend.

"VWAP is your base institutional price. Always measure your trades from this price, because this is what the institutions are doing" - Nathaniel

Next update will be in the coming week - Thank you for your love and support.

To make my life easier I have built a custom pine script indicator, which gives me an indication of where the value price is based on the criteria I used for my market analysis. Watch this space :-), but I think it is publicly available already, so be my guest and use or enhance the indicator. Just let me know if you make any improvements as it could help me as well.

Regards

Nathaniel - "THe BiPolar TraDer"
Little Big Movement