Get started

Localsupport

BTCUSD strong supports are ahead wait for upcoming rise or pumpAs we can see price is now in the blue range zone that is the local range zone and we are waiting for the breakout and then increase in volume after that, But this is not the end, and only after the breakout path is visible that we are going for pump or we are going to retest 30K support zone once again. Notice: two local resistance (32300, 33300) now are making it hard for the price to start rise and we need confirmation of the upcoming rise by breaking these local resistances. DISCLAIMER: ((trade based on your own decision )) <>
Long
by MMBTtrader
62
DOTBTC Local S/R| Declining Volume| Swing High| Price ActionEvening Traders, Today’s analysis – DOTBTC – trading above Local S/R forming a potential higher low, Points to consider, - Price Action Impulsive - Local S/R Support - POC Resistance - Declining Volume - Double Bullish Divergence (RSI & Stochastics) - Swing High Objective DOTBTC’s immediate price action is showing strength at Local S/R, respecting this level allows us to have a bullish bias. The current resistance is the local POC, breaking this level with conviction will increase the probability of a structural higher low. Volume is on a decline which is indicative of an influx at a key trade location, currently being at one. There is a valid double bullish divergence, the RSI and Stochastics are showing a higher low in respect to price action making a lower low, again signalling strength. Overall, in my opinion, DOTBTC is a valid long with swing higher being the objective. Price Action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
Long
by AzizKhanZamani
BTCUSD Intraday|local support|Dynamic resistance|Monday’s RangeEvening traders, Today’s analysis – BTCUSD = intraday scalp, breaking either two technical levels will valid a trade with predetermined targets. Points to consider, - PA consecutive lower highs - Local support zone (Supply) - Dynamic resistance (Apex) - Oscillators below 50 - Local PA (bearish) BTCUSD’s Intra-day price action is bearish, respecting dynamic resistance. A breach of this level will validate a scalp long. Local support zone is currently holding, price is travelling into its apex where a break will be imminent. Breaking support will validate a scalp short into Mondays low. Both oscillators are below 50, this shows weakness in the short term, recovery will coincide with an oversold bounce from Mondays low. Overall, in my opinion, immediate PA is bearish until it breaks dynamic resistance that is in confluence with local support zone (Apex). A scalp trade is valid in either direction; discretion is to be used upon management. What are your thoughts? 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,
BYBIT:BTCUSD.P
by AzizKhanZamani
8
USDCAD Sell on Bearish Retest|Structural Support|Range MedianEvening traders, Today’s Analysis – USDCAD – breaking key support where a bearish retest will allow for a short with defined risk. Points to consider, - Trend line resistance - Structural support retest - Range median (local support) - RSI oversold - Stochastics extended - Volume needs to increase The trend line resistance has made USDCAD put in consecutive lower highs leading into a break of structural support. The range median is current local support, respecting this area will increase the probability of a bearish retest. RSI is currently oversold; a move back into structural support will cool of the oscillator. The stochastics is in the lower regions, no official buy cross as momentum is still shifted down. The bear volume nodes must increase upon the bearish retest for further downside confirmation. Overall, in my opinion, a short trade will be valid on USDCAD as long as a bearish retest comes to fruition. This will allow for an entry with defined risk. What are your thoughts? Please leave a like and comment, And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee
Short
by AzizKhanZamani
2