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
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 ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
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 ⚔️
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.