BTCUSD is currently trading within a sideways range between 107,726 and 111,377 USD. After a breakout attempt, the price formed a buildup zone near the lower boundary of the range and surged upwards. However, it then created a false breakout at the upper boundary before pulling back to retest the previous buildup area.
- This false breakout was caused by weakening buying momentum after breaking above the range, partly because the buildup zone was too far from the upper boundary, limiting the follow-through. According to yesterday’s plan, we are waiting for a buildup close to the upper boundary and EMA compression to confirm a valid breakout.
Trading plan for today:
- Look to sell when price forms a buildup near the lower boundary of the range with EMA compressing close. Enter the trade upon the appearance of rejection signals such as RB or ARB.
- The buy setup has not yet formed clearly but may be considered if an IRB appears within the larger BTC range.
In summary, BTC is still in an accumulation phase. Prioritize waiting for confirmed signals before entering trades to minimize risk.
Daniel Miller @ ZuperView
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All content provided by ZuperView is for informational & educational purposes only. Past performance does not guarantee future results.
👉 Join our Discord: discord.gg/YKE6ujrw59
All content provided by ZuperView is for informational & educational purposes only. Past performance does not guarantee future results.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
👉 Explore all indicators & systems: zuperview.com/
👉 Join our Discord: discord.gg/YKE6ujrw59
All content provided by ZuperView is for informational & educational purposes only. Past performance does not guarantee future results.
👉 Join our Discord: discord.gg/YKE6ujrw59
All content provided by ZuperView is for informational & educational purposes only. Past performance does not guarantee future results.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.