Anchored vWAPs to Define Value Channels of Reaction ZonesIn this video I share a simple TA method I use when I've identified two significant levels.
For this example we're using the anchored vwap from both the most recent significant high and significant low.
Once we have those defined and price begins to trade Within These two levels I like to draw what is called a value Channel.
A value channel provides me with areas on the chart that are high probable reaction areas. the trade system I trade I look for reaction areas and I trade around them.
we see in this example that the rejection happened at a significant area of this value channel and if price continues down I share where the next reaction area will be where we'll look for Price support.
I also add to the chart and indicator called RD Key Levels . these are key levels that the market uses for reaction areas in just about any day one Trader should know but it's great to have them on their chart.
I bring this up because it does appear that BTC is reaching for a weekly open test. that would be my target on this trade and would be the highest probable reaction area I'd be looking for.
If anything wasn't clear please ask questions and I will provide answers or a quick update.
