BTCUSDT. Where to expect the buyer’s resumption?
Hey traders and investors!
On the 4-hour timeframe, there is a sideways range. The lower boundary is 90,500, and the upper boundary is 104,088.
The buyer effectively broke out above the upper boundary in the 12-13 vector. The seller returned the price to the range, and the buyer resumed from the 103,333 level, forming a test level. Below this test level is the buyer’s zone (green rectangle on the chart, upper boundary of the zone is 102,540).
If the buyer does not defend the 103,333 test level, the next buyer resurgence is possible from the buyer’s zone, most likely in the 100,500-102,000 range.
The third possible place for a buyer’s resurgence is around 50% of the last buyer’s impulse: 98,574 on the 4-hour timeframe and 99,426.5 on the daily timeframe.
Considering the three buyer interest zones and the buyer's trend on the daily timeframe, searching for sell opportunities based on the 13-14 vector within the sideways range, with a potential target of 94,150 (90,500), is risky.
I wish you profitable trades.
On the 4-hour timeframe, there is a sideways range. The lower boundary is 90,500, and the upper boundary is 104,088.
The buyer effectively broke out above the upper boundary in the 12-13 vector. The seller returned the price to the range, and the buyer resumed from the 103,333 level, forming a test level. Below this test level is the buyer’s zone (green rectangle on the chart, upper boundary of the zone is 102,540).
If the buyer does not defend the 103,333 test level, the next buyer resurgence is possible from the buyer’s zone, most likely in the 100,500-102,000 range.
The third possible place for a buyer’s resurgence is around 50% of the last buyer’s impulse: 98,574 on the 4-hour timeframe and 99,426.5 on the daily timeframe.
Considering the three buyer interest zones and the buyer's trend on the daily timeframe, searching for sell opportunities based on the 13-14 vector within the sideways range, with a potential target of 94,150 (90,500), is risky.
I wish you profitable trades.
Note
The seller's vector 13-14 is developing. Let me remind you, the first target is 94,150. It makes sense to look for buying patterns within the range of 94,150 - 90,500.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
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.
Good luck with your trading!
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
Online analysis: trend or sideways tradingview.com/chart/gC1IdzUW/
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.