BTCUSD Price Action Range| Range Low| .618 Fibonacci| Swing Lows
Evening Traders,
Today’s analysis – BTCUSD – Trading in a smaller range where a rotational period is highly probable,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range Mid Resistance
- Low Volume
BTCUSD’s immediate price action is trading in a smaller defined range where the support has confluence with the .618 Fibonacci, allowing for a potential trade location.
The range mid is key resistance that needs to be breached in order to access range highs
The current volume profile is below average, an influx is highly imminent when testing the trade location.
Overall, in my opinion, BTCUSD is a valid long at the range lows with defined risk, price action is to be used upon discretion/ management,
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s analysis – BTCUSD – Trading in a smaller range where a rotational period is highly probable,
Points to consider,
- Price Action Impulsive
- Range Low Support
- Range Mid Resistance
- Low Volume
BTCUSD’s immediate price action is trading in a smaller defined range where the support has confluence with the .618 Fibonacci, allowing for a potential trade location.
The range mid is key resistance that needs to be breached in order to access range highs
The current volume profile is below average, an influx is highly imminent when testing the trade location.
Overall, in my opinion, BTCUSD is a valid long at the range lows with defined risk, price action is to be used upon discretion/ management,
Hope this analysis helps
Thank you for following my work
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone