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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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
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 ⚔️
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.