so we are back in business.! I did say a few weeks ago that Bitcoin will find buyers at around the $50k mark . Bitcoin respecting market structure here
Bitcoin uptrend looks set to continue.
Next target is $70K !!
Binace native token appears to be consolidating forming a bullish flag. A break out of this flag will send BNB to new all time highs. One to watch as more and more projects launch in Binance Smart Chain
This is a pullback or retracement trade idea
Looking at Bitcoin H4, we see that trend line is broken with a fairy significant impulse move earlier today to the downside after a rejection of $14k over the weekend.
So I have waited for a retest of the back side of the trend line that has acted as support. Bitcoin has closed at 9pm UK time below that trend line...
Here we have a price retracing to 68.1, hitting resistance at a descending parallel channel
Price also coming into an area that has been testes multiple times as support and Resistance
Potential R:R of 5: 1
So from looking at this CHFJPY H4 chart, I believe that a retracement is now in progress that should lead to at least a 50% correction
We have a new channel forming, and I expect price to respect this channel all the way down to 50% fib and possibly 61.8Fib
This provides a short sell opportunity
Any questions or want to learn how to trade, please check...
Here we have GBPNZD still respecting a long term channel support.
Currently there is a bullish divergence spotted around this support area.
My trade idea is for a bullish retracement up to price level of 2.01213 (TP) around 300 pips which acted previously as support but was broken down to make a lower low.
there is a possibility of a downtrend continuation at...
here we see GBPNZD price of 1.99100 at confluence with current channel support with established key horizontal level that has been tested multiple times in the past as both resistance and support
With my stochastic below 10
I am buying at market and I expect price to move up to previous support level of around 2.01250 as new resistance, then downtrend...