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Stock Market Video Analysis January 13, 2023

Did you see this 10 Minute Video about the Anchored VWAP?

There is a phrase that good news comes out at tops and bad news comes out at bottoms. That certainly appears to be true for Bitcoin. This market survived a lot of bad news in December and YTD it is up 17.63%. Be careful chasing the market, the declining 200 DMA is just ahead and it might be a place where near term supply is found. Raise your stops based on the shorter term timeframe and if it experiences a pullback in the coming weeks, be aware of the YTD AVWAP, currently at approx 17875.

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Brian Shannon's weekly swing trading analysis of stocks, crypto, and market structure.

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