BTC waterfalls and VPVR

22 Mar 2022

It's above the waterfalls, which is getting less steep. But it's unable to stay above it for more than a few days and still a lower high. If it breaks and stays above the 0.618 Fib for more than several days, then the next strong resistance is the VPVR of around 47K. This is also where the 200 MA is heading. The longer the horizontal bars of the VPVR, the stronger the resistance. The red line is the POC = 39K or the price with the most volume , which is a strong support.