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 🎁
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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 ⚔️
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.