Evening Traders,
Today’s analysis – BTCUSD- trading in a clear defined range where a directional bias will be imminent
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Low Volume
BTCUSD’s immediate price action is trading with two key boundaries, range high and range support, breaking either will allows for a directional bias.
The current level to hold is the swing low, exceeding this level increases the bearish scenario.
Overall, in my opinion, BTCUSD is neutral until a clear break of the range, price action is to be used upon discretion/ management when executing any trade here.
Hope this analysis helps
Thank you for following my work!
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Today’s analysis – BTCUSD- trading in a clear defined range where a directional bias will be imminent
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range High Resistance
- Low Volume
BTCUSD’s immediate price action is trading with two key boundaries, range high and range support, breaking either will allows for a directional bias.
The current level to hold is the swing low, exceeding this level increases the bearish scenario.
Overall, in my opinion, BTCUSD is neutral until a clear break of the range, price action is to be used upon discretion/ management when executing any trade here.
Hope this analysis helps
Thank you for following my work!
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
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Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
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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.
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.