Evening Traders,
Today’s analysis – BTCUSDT – trading below its current Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Dynamic S/R Resistance
- Swing Low Objective
BTCUSDT’s immediate price action is trading below the current Daily S/R allowing for a short bias.
The Dynamic S/R has been breached with conviction thus increasing the probability of furher downside.
The current objective is the swing low, and SFP in these regions is considered bullish.
Overall, in my opinion, BTCUSDT has another leg down before potential longs; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember,
“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee
Today’s analysis – BTCUSDT – trading below its current Daily S/R where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
- Dynamic S/R Resistance
- Swing Low Objective
BTCUSDT’s immediate price action is trading below the current Daily S/R allowing for a short bias.
The Dynamic S/R has been breached with conviction thus increasing the probability of furher downside.
The current objective is the swing low, and SFP in these regions is considered bullish.
Overall, in my opinion, BTCUSDT has another leg down before potential longs; price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work,
And remember,
“A quiet mind is able to hear intuition over fear.” ― Yvan Byeajee