Evening Traders,
Today’s analysis – BTCUSD – trading under a new Daily S/R that needs to be reclaimed to test high levels.
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Low Volume
- Higher Low Objective
BTCUSD’s immediate price action is impulsive under a daily level that is may prove as resistance.
The current volume profile is below average where an influx is highly imminent on the next expansion.
A higher low is the next objective for a trend continuation where the lower Daily S/R Support will be of significance.
Overall, in my opinion, price action is at a key technical trade location where the next impulse will be indicative of the trend.
Hope this analysis helps
Thank you for following my work
And remember!
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Today’s analysis – BTCUSD – trading under a new Daily S/R that needs to be reclaimed to test high levels.
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Low Volume
- Higher Low Objective
BTCUSD’s immediate price action is impulsive under a daily level that is may prove as resistance.
The current volume profile is below average where an influx is highly imminent on the next expansion.
A higher low is the next objective for a trend continuation where the lower Daily S/R Support will be of significance.
Overall, in my opinion, price action is at a key technical trade location where the next impulse will be indicative of the trend.
Hope this analysis helps
Thank you for following my work
And remember!
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
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— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.