10Mês·

BMNR the ETH DAT

$BMNR (-5,96%) - some early signs of life.

we do not like the heavy volume shelf in confuence with YTD VWAP at 45-47

will be hard to push through in this bounce past this. would derisk at that level if long.

6 Comentários

BeachPlease@BeachPlease

10Mês

Not sure, if YTD VWAP can yield a reasonable price...

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MomentumX@mxcapital

10Mês

@BeachPlease YTD AVWAP shows you where the institutional money sits - the price is drawn to it. here it aligns with Volume Shelf - and C1 - custom AVWAP aligned to the chart move from the last meaningful bottom.

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BeachPlease@BeachPlease

10Mês

@BeachPlease VWAP is anchored at the last meaningful bottom, yea that makes sense :)

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MomentumX@mxcapital

10Mês

@BeachPlease FYI smart money - institutions work with annual AVWAP - C1 AVWAP and YTD are very close on this chart = confluence.

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BeachPlease@BeachPlease

10Mês

@mxcapital Which line is C1?

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MomentumX@mxcapital

10Mês

@BeachPlease lol indeed... - updating with better pic. Orange is C1, purple is YTD avwap.

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