BTCUSDT Fib Speed Fan| PA Order Block| PA Apex
Evening Traders,
Today’s analysis – BTCUSDT- trading at technical resistance, price action must impulse break for a directional bias,
Points to consider,
- Price Action Impulsive
- Oder Block Resistance
- Low Volume
- Swing Highs
BTCUSDT immediate price action is trading at an order block that is acting as resistance, however breaking through will allow for a bullish bias.
The .50 Fib Speed Fan is current support, holding this level is crucial for further upside momentum
The swing high is the current objective, exceeding this level will confirm a trend continuation.
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,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee,
Today’s analysis – BTCUSDT- trading at technical resistance, price action must impulse break for a directional bias,
Points to consider,
- Price Action Impulsive
- Oder Block Resistance
- Low Volume
- Swing Highs
BTCUSDT immediate price action is trading at an order block that is acting as resistance, however breaking through will allow for a bullish bias.
The .50 Fib Speed Fan is current support, holding this level is crucial for further upside momentum
The swing high is the current objective, exceeding this level will confirm a trend continuation.
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,
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee,
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