Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
BTCUSD Daily Levels| Weekly Levels| Price Action| Trend
Bitcoin
BTCUSD Daily Levels| Weekly Levels| Price Action| Trend
By AzizKhanZamani
Follow
Follow
Aug 1, 2021
2
6
Cheer
Cheer
Aug 1, 2021
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
Chart Patterns
Technical Indicators
LONG
priceaction
Relative Strength Index (RSI)
short
stocahstics
support
Support and Resistance
trend
Trend Analysis
AzizKhanZamani
Follow
Follow
Join my free telegram!
t.me/chartdoctorsanconsultants
Follow me on Twitter!
twitter.com/pinkdawn__
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
.