BTCUSD Daily Levels| Weekly Levels| Price Action| Trend
Evening Traders,
Today’s analysis – BTCUSD – trading under a new Daily S/R that needs to be reclaimed to test high levels.
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Low Volume
- Higher Low Objective
BTCUSD’s immediate price action is impulsive under a daily level that is may prove as resistance.
The current volume profile is below average where an influx is highly imminent on the next expansion.
A higher low is the next objective for a trend continuation where the lower Daily S/R Support will be of significance.
Overall, in my opinion, price action is at a key technical trade location where the next impulse will be indicative of the trend.
Hope this analysis helps
Thank you for following my work
And remember!
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
Today’s analysis – BTCUSD – trading under a new Daily S/R that needs to be reclaimed to test high levels.
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Low Volume
- Higher Low Objective
BTCUSD’s immediate price action is impulsive under a daily level that is may prove as resistance.
The current volume profile is below average where an influx is highly imminent on the next expansion.
A higher low is the next objective for a trend continuation where the lower Daily S/R Support will be of significance.
Overall, in my opinion, price action is at a key technical trade location where the next impulse will be indicative of the trend.
Hope this analysis helps
Thank you for following my work
And remember!
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb