Evening Traders,
Today’s analysis – BTCUSDT- trading in a rising channel with further upside being probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Range High Resistnace
- Low Volume
- Trend
BTCUSDT’s immediate price action is impulsive, trading in an uptrend with a rising channel, allowing for a short term bullish bias.
The range high is current range high (channel high) is the current resistance, testing this level will be a true trade location.
The current volume profile is below average, an influx is highly imminent when testing a true trade location.
Overall, in my opinion, BTCUSDT is a valid long with define risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Today’s analysis – BTCUSDT- trading in a rising channel with further upside being probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Range High Resistnace
- Low Volume
- Trend
BTCUSDT’s immediate price action is impulsive, trading in an uptrend with a rising channel, allowing for a short term bullish bias.
The range high is current range high (channel high) is the current resistance, testing this level will be a true trade location.
The current volume profile is below average, an influx is highly imminent when testing a true trade location.
Overall, in my opinion, BTCUSDT is a valid long with define risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
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Claim $1000 Deposit Bonus 🎁
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— 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.