Evening Traders,
Today’s analysis – BTCUSDT – trading under a key resistance being the range high where a deviation is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
(Order Block)
- Range Low support
- Low Volume Insider Bars
BTCUSDT’s immediate price action is trading in an order block that is under resistance which will be broken, allowing for a bearish bias.
A deviation back within the range will make the $35.2K level being the objective, the next support.
The current volume profile is below average, an influx is highly imminent as the current closes are inside bars.
Overall, in my opinion, BTCUSDT is likely to have a liquidity grab, allowing for a risk defined entry. Price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee
Today’s analysis – BTCUSDT – trading under a key resistance being the range high where a deviation is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
(Order Block)
- Range Low support
- Low Volume Insider Bars
BTCUSDT’s immediate price action is trading in an order block that is under resistance which will be broken, allowing for a bearish bias.
A deviation back within the range will make the $35.2K level being the objective, the next support.
The current volume profile is below average, an influx is highly imminent as the current closes are inside bars.
Overall, in my opinion, BTCUSDT is likely to have a liquidity grab, allowing for a risk defined entry. Price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“A quiet mind is able to hear intuition over fear.”
― Yvan Byeajee
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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.