Evening Traders,
Today’s analysis – BTCUSD – trading under a key level where a further rejection is probable,
Points toc consider,
- Price Action Impulsive
- Daily S/R Resistance
- Weekly S/R Support
- RSI Extended
BTCUSD’s immediate price action is trading under Daily S/R that needs to be reclaimed for a bullish bias.
The Weekly S/R is current macro support, a testing of this level must hold, breaking will be extremely bearish.
The RSI is currently over extended – a reversion to their mean is highly probable.
Overall, in my opinion, BTCUSD needs to breach the Daily S/R for a continued bullish bias, any rallies as of now are to be shorted.
Hope this analysis helps,
Thank you for following my work
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee
Today’s analysis – BTCUSD – trading under a key level where a further rejection is probable,
Points toc consider,
- Price Action Impulsive
- Daily S/R Resistance
- Weekly S/R Support
- RSI Extended
BTCUSD’s immediate price action is trading under Daily S/R that needs to be reclaimed for a bullish bias.
The Weekly S/R is current macro support, a testing of this level must hold, breaking will be extremely bearish.
The RSI is currently over extended – a reversion to their mean is highly probable.
Overall, in my opinion, BTCUSD needs to breach the Daily S/R for a continued bullish bias, any rallies as of now are to be shorted.
Hope this analysis helps,
Thank you for following my work
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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 ⚔️
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.