BTC Update as on Jan 02, 2025
BTC Swing Trade View :
As per the current price action Support Area around 91800-95000. This is where the price has found some stability after the recent pullback. It's a level where buyers have stepped in to prevent further price drops.
from the current market sentiments and from the time cycle perspective I am considering the following moves :
High Probability: This is what I am expecting ,Given the current trend, price is going to re test the recent ATH and can create new ATH if price able to form base at the marked support area after confirmation.
Mid Probability: This is a less certain move but still within a reasonable expectation for price movement in case price failed to hold the support area.
Low Probability: This move indicates areas where the price is less likely to go based on current trends, which seems to be below the support area.
Areas with darker shades on volume profile (purple) is where a lot of trading activity happened and price need to claim High of this area to validated my High probability move .I am waiting for confirmation of Low on BTC also as I am waiting on GOLD , I am going to update my trade as soon as I will get the confirmation.
As per the current price action Support Area around 91800-95000. This is where the price has found some stability after the recent pullback. It's a level where buyers have stepped in to prevent further price drops.
from the current market sentiments and from the time cycle perspective I am considering the following moves :
High Probability: This is what I am expecting ,Given the current trend, price is going to re test the recent ATH and can create new ATH if price able to form base at the marked support area after confirmation.
Mid Probability: This is a less certain move but still within a reasonable expectation for price movement in case price failed to hold the support area.
Low Probability: This move indicates areas where the price is less likely to go based on current trends, which seems to be below the support area.
Areas with darker shades on volume profile (purple) is where a lot of trading activity happened and price need to claim High of this area to validated my High probability move .I am waiting for confirmation of Low on BTC also as I am waiting on GOLD , I am going to update my trade as soon as I will get the confirmation.
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