BTC SHORT, potential -5000 points, VWAP and MTF MACD
Updated
Hello Traders :)
BTC accepts the VWAP extension, closing below creating a Heikin Ashi signal starting potential shorts towards the upper VWAP band. Confirmation of decreases in the form of a multi time frame MACD indicator.
The negation of the scenario will be after the candles close above the band to which BTC showed a reaction a moment ago. After creating a LONG signal by Heikin Ashi above the VWAP line and by generating a LONG signal by the multi timeframe MACD indicator, I consider the scenario closed and SHORTS should be closed.
However, in the situation when the scenario will be implemented positively, you should observe the behavior of BTC at the key points marked on the chart. Value at high VWAP, point of control VWAP and Value at low, these are three points that are potential targets for BTC. After closing the candle below a given point and positively accepting a new point - you can continue short with an open plan for the next target. After the negation of a given point and information from the MACD indicator in the opposite direction, you can close the trade on a given target without expecting further targets.
If you want to learn more about VWAP, check out my guide available on my profile.
Happy trading :)
Note
all targets reached as planned
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