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