Evening Traders,
Today’s analysis – BTCUSD – trading in a place of indecision, reclaiming either S/R levels will allof for a directional bias.
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R resistance
- Price Action Rotation
BTCUSD’s immediate price action is impulsive and remaining bullish as consecutive higher highs and higher lows are being maintained.
The Local S/R is current resistance, breaking these will consecutive candle close will be deemed bullish with further upside.
The Daily S/R is current support, exceeding this level will greatly increase the probability of a trend continuation.
Overall,
Price Action is currently in an indecision phase, supply and demand are being balanced before a further volatility expansion. As of know there is not Valid technical trade set-up of BTC for a swing position – intraday scalps are valid.
Hope this analysis helps!
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – BTCUSD – trading in a place of indecision, reclaiming either S/R levels will allof for a directional bias.
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Local S/R resistance
- Price Action Rotation
BTCUSD’s immediate price action is impulsive and remaining bullish as consecutive higher highs and higher lows are being maintained.
The Local S/R is current resistance, breaking these will consecutive candle close will be deemed bullish with further upside.
The Daily S/R is current support, exceeding this level will greatly increase the probability of a trend continuation.
Overall,
Price Action is currently in an indecision phase, supply and demand are being balanced before a further volatility expansion. As of know there is not Valid technical trade set-up of BTC for a swing position – intraday scalps are valid.
Hope this analysis helps!
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.