Evening Traders,
Today’s analysis – BTCUSD – trading in a clear defined range with boundaries,
Points to consider,
- Price action rotation
- Range Low Support
- Range High Resistance
- Low Volume
BTCUSD’s immediate price action is trading in a range, high indicative of rotation, allowing for intra-day scalps.
The range low is current support, holding this level allows for long biased trades
Range High is resistance, testing this level allows for short biased trades.
Breaking either boundary will be indicative of the overall all direction
Overall, in my opinion, BTCUSD is range bound until proven, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Today’s analysis – BTCUSD – trading in a clear defined range with boundaries,
Points to consider,
- Price action rotation
- Range Low Support
- Range High Resistance
- Low Volume
BTCUSD’s immediate price action is trading in a range, high indicative of rotation, allowing for intra-day scalps.
The range low is current support, holding this level allows for long biased trades
Range High is resistance, testing this level allows for short biased trades.
Breaking either boundary will be indicative of the overall all direction
Overall, in my opinion, BTCUSD is range bound until proven, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
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Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
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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.