Evening Traders,
Today’s analysis – BTCUSDT- reclaiming a key range lever where acceptance will lead to continuation,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Weekly S/R Resistance
- RSI Bullish Control Zone
BTCUSDT’s immediate price action is impulsive and is trading above a key Daily S/R Support, allowing for a bullish bias.
The Weekly S/R Resistance is the immediate objective, testing this level will have a probable rejection on the first attempt.
The RSI is trading above its bullish control zone, remaining in these regions is indicative of strength.
Overall, in my opinion, BTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
Today’s analysis – BTCUSDT- reclaiming a key range lever where acceptance will lead to continuation,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Weekly S/R Resistance
- RSI Bullish Control Zone
BTCUSDT’s immediate price action is impulsive and is trading above a key Daily S/R Support, allowing for a bullish bias.
The Weekly S/R Resistance is the immediate objective, testing this level will have a probable rejection on the first attempt.
The RSI is trading above its bullish control zone, remaining in these regions is indicative of strength.
Overall, in my opinion, BTCUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” - SunriseTrader
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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.