Evening Traders,
Today’s analysis – BTCUSD – trading below its Local S/R where a deviation further down is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
(200 MA, VWAP, POC Confluence)
- .618 Fibonacci Objective
- RSI Neutral
BTCUSD’s immediate price action is impulsive, under local resistance that has multiple technical confluence, allowing for a bias for lower prices.
The .618 Fibonacci in the current objective, testing this level will allow for long entries.
The RSI is currently neutral, remaining in these levels is indicative of indecision in the market.
Overall, in my opinion, BTCUSD is a valid long at lower prices, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeaje
Today’s analysis – BTCUSD – trading below its Local S/R where a deviation further down is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance
(200 MA, VWAP, POC Confluence)
- .618 Fibonacci Objective
- RSI Neutral
BTCUSD’s immediate price action is impulsive, under local resistance that has multiple technical confluence, allowing for a bias for lower prices.
The .618 Fibonacci in the current objective, testing this level will allow for long entries.
The RSI is currently neutral, remaining in these levels is indicative of indecision in the market.
Overall, in my opinion, BTCUSD is a valid long at lower prices, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeaje
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
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 ⚔️
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.