Fusion Market Analysis - April 28 2023

Fusion Market Analysis

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Chart Pattern Recognition for short term trading of BTCUSD.?

Price is bouncing as you can see with these Up & Down rallies.

There hasn’t been any super strong trends with volatility remaining low at 14.531.

The unusual volumes have an average 30 Day volume range of 16,686,949,952 - 19,227,100,036 for past month, with a current relative volume of 1.25.

Mean price following 50 Day SMA when the VWAP is below the mean price to a level, possibly buy bitcoin with the expectation that the price will revert to the mean.?

Conversely, if the VWAP is above the mean price, you can sell BTC at with the expectation that the price will also revert to the mean.

A quick way also assess using Bollinger Bands with our One Widget - Multiple Applications for potential trading ranges, spot potential breakouts & signals of reversal or breakout.?

If the price is above the moving average, the moving average can act as a support level, and if the price is below the moving average, it may act as a resistance level.

Mean reversion trades might be a good strategy here for the remainder of the month unless it breaks above or below the levels otherwise BTC really isn’t experiencing a significant uptrend or downtrend.?

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