🧠 Market Analysis 30/4/2019🧠

After a lovely long Easter holiday, I am back proving the best price analysis of the crypto markers. I do need to provide more market analysis on Forex pairs 🤔, maybe I will start from tomorrow. Either way, we will get back on track 💪🏾

Let this VWAP trader take you on a journey

Yes! So many people thought cryptocurrencies were just going to keep going up. Well, this month has proven that what goes up must come down. Trading the crypto markets is a patience game and the discounts you will receive should be welcomed.

Bitcoin 😵

BTC – I will put it out there in plain sight, that I am a VWAP trader. Pullbacks in price are significant for traders who are trying to find an excellent price to get into the market. If we take a closer look at BTC, we can see that since the start of the month we have had an 11% drop in price from the high at $5650. Looking closer at the charts I am a lot more confident that we will not drop below $ 4700. This would be a 15% drop in the high from April but will create an excellent opportunity for buyers. It is difficult to say when we will be heading back towards $5600.I have highlighted the indecisive area in grey as a warning for buyers or sellers. If you look closely, we have not broken away from the monthly VWAP in either direction, and the past four days the price of BTC has been moving sideways. As of writing the price of BTC has just broken the weekly VWAPs, and this would not be a good time to buy.

Litecoin 👨🏾‍🔬

LTC – I will put it out there in plain sight, that I am a VWAP trader. Pullbacks in price are significant for traders who are trying to find an excellent price to get into the market. If we take a closer look at LTC, we can see that since the start of the month we have had a 33% drop in price from the high at $100. Looking closer at the charts I am a lot more confident that we will not drop below $60. It is difficult to say when we will be heading back towards $75 which is the right on the monthly VWAP mark, but If you look at the value area I have placed on the chart, it will give you a good indication of where to start buying. At the moment the price of LTC is now undervalued, and sellers should jump ship ASAP . For buyers, it is an excellent time to start buying with price underneath the outlined value I see great times ahead for LTC.

“Patience is the key to any market” – Nathaniel.

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

Regards

Nathaniel – “THe BiPolar TraDer”
Little Big Movement

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