BTCUSD Price Action Apex| Daily S/R| Trend| Volume
Evening Traders,
Today analysis – BTCUSD- trading in a price action apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Dynmic S/R Support
- Daily S/R Resistance
- Low Volume
BTCUSD’s immediate price action is impulsive trading in an apex where a breakout is imminent – allowing for a long bias.
The current Dynamic S/R is support, respecting this level is critical for bullish momentum
The current volume profile is below average, an influx is needed for a true breakout
Overall, in my opinion, BTCUSD 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,
“However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.”
― Mark Douglas
Today analysis – BTCUSD- trading in a price action apex where a breakout is imminent,
Points to consider,
- Price Action Impulsive
- Dynmic S/R Support
- Daily S/R Resistance
- Low Volume
BTCUSD’s immediate price action is impulsive trading in an apex where a breakout is imminent – allowing for a long bias.
The current Dynamic S/R is support, respecting this level is critical for bullish momentum
The current volume profile is below average, an influx is needed for a true breakout
Overall, in my opinion, BTCUSD 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,
“However, market analysis is not the path to consistent results. It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus.”
― Mark Douglas
Join my free telegram! t.me/chartdoctorsanconsultants
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