BTCUSD Local S/R| Dynamic S/R| Liquidity| Price Action

18 kwi 2021Evening Traders,

Today’s analysis – BTCUSD – trading under Local S/R where a break above will be bullish,
Points to consider,
- Local S/R Resistance
- Dynamic S/R Breached
- Low Volume
- Oscillators Neutral

BTCUSD’s immediate price action is impulsive, trading below local S/R where a breach is critical for continuation.

The Dynamic S/R has been breached, indicative of a short term trend reversal.

Both oscillators are currently neutral, remaining in their bullish control zones is indicative of strength.

Overall, in my opinion, BTCUSD is neutral, further price action is needed for a directional bias.

Hope this analysis helps,

Thank you for following my work

And remember,

“Sometimes the best trade is no trade.” – Anonymous