BTCUSDT| Bullish OB| Swing High| Bullish Div| Price Action
Evening Traders,
Today’s analysis – BTCUSDT- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Bullish OB Support
- Triple Bullish Divergence
- Stoch Buy Cross
BTCUSDT’s immediate price action is impulse, finding support on the OB with technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The Stochastics has a buy cross coming to fruition, this is indicative of momentum stored to the upside.
The current volume is below average, an influx is needed to sustain upside movement.
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,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Today’s analysis – BTCUSDT- trading at a key trade location where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Bullish OB Support
- Triple Bullish Divergence
- Stoch Buy Cross
BTCUSDT’s immediate price action is impulse, finding support on the OB with technical confluence with the .50 Fibonacci, this allows for a bullish bias.
The Stochastics has a buy cross coming to fruition, this is indicative of momentum stored to the upside.
The current volume is below average, an influx is needed to sustain upside movement.
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,
“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt