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Today’s report will include:
Updated Technical Analysis
Other key market developments
Market Psychology
Trading Tools
BTCUSDT Swing Long Trade 📈
In Today’s analysis -BTCUSDT- Trading under a bearish order block, a rotation to lower support will allow for a swing long.
Points to consider ✍
ATH Deviation/ Failed Auction
Range Low Support Untapped
Key SFP - Resting Liquidity
Rotational Price Action
The current resistance for Bitcoin is the Bearish Order Block that is yet to be tested, rejection here will signify weakness.
A Failed Auction/ Deviation type of price action at the overall range low will be considered a long trade entry, this will take out all the resting liquidity for a significant rise back up.
Overall, from Bitcoin Insider’s perspective, BTCUSDT is a valid long with defined risk at the range low, how price reacts needs to be used upon discretion/ management of the trade.
Hope this analysis helps.
Trading Tools ⚒ 🔧
TradingView Charting Platform: Where the world charts, chats and trades markets. We're a supercharged super-charting platform and social network for traders and investors 💹 📈
Blofin Cryto Trading Platform: BloFin is your next crypto trading solution that provides an easy-to-use, secure and reliable trading experience to accommodate all folks. 💵 💰
Trading Education - BabyPips: Babypips helps new traders learn about the forex and crypto markets without falling asleep. We introduce people to the world of trading currencies 📖 📚
X Segment 📰 🗞
Trading Psychology 🧠
How did we do in this issue?
Bitcoin Insider bouncing back to work, See you in the next one! 👊