BTCUSDT. Where to expect the buyer’s resumption?
2024-12-18
Category: None

Hey traders and investors!

On the 4-hour timeframe, there is a sideways range. The lower boundary is 90,500, and the upper boundary is 104,088. 

The buyer effectively broke out above the upper boundary in the 12-13 vector. The seller returned the price to the range, and the buyer resumed from the 103,333 level, forming a test level. Below this test level is the buyer’s zone (green rectangle on the chart, upper boundary of the zone is 102,540). 

If the buyer does not defend the 103,333 test level, the next buyer resurgence is possible from the buyer’s zone, most likely in the 100,500-102,000 range.

The third possible place for a buyer’s resurgence is around 50% of the last buyer’s impulse: 98,574 on the 4-hour timeframe and 99,426.5 on the daily timeframe.

Considering the three buyer interest zones and the buyer's trend on the daily timeframe, searching for sell opportunities based on the 13-14 vector within the sideways range, with a potential target of 94,150 (90,500), is risky.


I wish you profitable trades.