Evening Traders,
Today’s analysis – BTCUSDT – trading below its current Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Dynamic S/R Resistance
- Swing Low Objective
BTCUSDT’s immediate price action is trading below the current Daily S/R allowing for a short bias.
The Dynamic S/R has been breached with conviction thus increasing the probability of furher downside.
The current objective is the swing low, and SFP in these regions is considered bullish.
Overall, in my opinion, BTCUSDT has another leg down before potential longs; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember,
“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
Today’s analysis – BTCUSDT – trading below its current Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Dynamic S/R Resistance
- Swing Low Objective
BTCUSDT’s immediate price action is trading below the current Daily S/R allowing for a short bias.
The Dynamic S/R has been breached with conviction thus increasing the probability of furher downside.
The current objective is the swing low, and SFP in these regions is considered bullish.
Overall, in my opinion, BTCUSDT has another leg down before potential longs; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember,
“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
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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!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/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.