BTCUSD Update| Impulse Sell| Local Range| No Man’s Land
Evening Traders,
Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely.
Points to consider,
- Valid volume influx
- Oscillators overextended
- Price consolidation
- Local S/R levels
BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom.
Price is now trying to find its equilibrium, hence will trade in a probable range in the coming days.
The oscillators are overextended, however not at full extremes, further downside is probable.
The key levels to watch are the local S/R, breaking either will help with the directional bias.
Overall, in my opinion, BTCUSD is in no man’s land, scalp trades are only valid with this range, swing trade are to be initiated at key levels.
I hope yesterday’s analysis helped!
Thank you for following my work!
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely.
Points to consider,
- Valid volume influx
- Oscillators overextended
- Price consolidation
- Local S/R levels
BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom.
Price is now trying to find its equilibrium, hence will trade in a probable range in the coming days.
The oscillators are overextended, however not at full extremes, further downside is probable.
The key levels to watch are the local S/R, breaking either will help with the directional bias.
Overall, in my opinion, BTCUSD is in no man’s land, scalp trades are only valid with this range, swing trade are to be initiated at key levels.
I hope yesterday’s analysis helped!
Thank you for following my work!
And remember,
“Do not anticipate and move without market confirmation—being a little late in your trade is your insurance that you are right or wrong.” -Jesse Livermore
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
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