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50fibonacci

Hidden Bullish Divergence at 55% RetracementWe may See BTC Had towards the levels of 48k and 50k as BTC is Back Testing the Old Resistance of a Right-angled and Descending Broadening Wedge we Broke out from earlier in the week which happens to align with the 55% Retrace. If the BC leg ends here at the 55% Retrace our target will be the 181.8% Fibonacci Extension up at 50k but the lower the BC leg goes the lower our Extension target will be so an entry here at C is a speculative entry that this will be the extent of the Retrace due to the Hidden Bullish Divergence Visible on the RSI and MACD and the Support Level.
FTX:BTCPERPLong
by RizeSenpai
GBPJPY Bearish Retest| 200DMA| .50 Fibonacci| Support ConfluenceEvening Traders, Today’s analysis – GBPJPY – putting in a bearish retest, price is to test support, the next technical trade location. Points to consider, - Trend bearish retest (Daily S/R) - Support confluence (.50 Fibonacci & 200DMA) - Oscillators diverging - Volume below average GBPJPY has had an initial rejection from its Daily S/R, putting in a bearish retest. This allows us to have a bearish directional bias. The local support area has technical confluence (.50 Fibonacci & 200 DMA); price is likely to respect this area leading into a bounce. Both oscillators are diverging from price (double bearish divergence), this indicates weakness in the market as price struggles to close above Daily S/R. Volume is currently trading below average; an influx is likely to occur at support confluence as this is the next trade location. Overall, in my opinion, any rallies are to be sold into for a short play. Price action is to be used upon management/ discretion of trade. Hope this analysis helps! Thank you for following my work! And remember, “Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee
Short
by AzizKhanZamani