If we look at the Daily chart of Bitcoin we can see the downtrend.
The critical point to watch is the Value Area low which is now at the 17,600 level. If breached we can see a lot more capitulation.
We are now dumping to the 18,400 levels.
You can see the VRVP levels on the Daily timeframe.
Point of Control: 19,921
Value Area High: 42,392
Value Area Low: 17,600
The critical point to watch is the Value Area low which is now at the 17,600 level. If breached we can see a lot more capitulation.
We are now dumping to the 18,400 levels.
You can see the VRVP levels on the Daily timeframe.
Point of Control: 19,921
Value Area High: 42,392
Value Area Low: 17,600
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