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Bullishretest

BITCOIN BULLISH short term!!!Bitcoin has broken through a massive downtrend and is now retesting the diagonal or dynamic resistance. If bitcoin manages to hold these levels, I would exspect prices to move higher at tap the 28k level. This is a great area to enter a long while managing your risk for a 2% max loss on trade if your stop-loss hits. You can also see that on the 6hr TF is is well oversold which is more bullish than bearish in the medium term. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
2
EURUSD Overall Bearish Bias BUT chance to enter a Long Position.Monthly/Weekly -Price formed a double bottom , then made a huge bullish push. -It finally met resistance and has now began its retracement, usually after a double bottom formation we expect price to retrace and test the neckline. -After drawing the Fibonacci from a low to a high, you will notice the neckline lines up with the 50.0-61.8 fib level along with a support/demand zone. Daily -After meeting resistance at the weekly/monthly, supply/resistance zone price began its bearish move. -Price broke pass the former daily support zone which will now act as a daily resistance. -Since price broke below that area, I am expecting price to retest this area before possibly continuing its move to the downside. -Drawing a Fibonacci from the high to the low, the 38.2 fib level also aligns with the daily resistance. Here is where I will look to enter sell if there are confirmations of a potential sell. -BUT when drawing Fibonacci a retracement and respecting of the levels 50.0-61.8 offer a strong confirmation, so price may potentially retrace here. There is also bullish divergence which can serve as a confirmation that price appear to be ready to make its retracement to one of the fib levels (38.2,50.0,61.8) or my daily resistance/supply zone.
Long
by NoCeilingsTrading
1
XTZBTC Range Support| Bullish PA| .618 Fibonacci|S/R Flip RetestEvening Traders, Today’s analysis – XTZBTC – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) XTZBTC’s immediate trend is bullish with consecutive higher highs and higher lows. This gives us a bias that any impulse sells and oversold conditions are for buying. The range support is a key level that has been reclaimed; price is likely to retest this level as it is in confluence with the .618 Fibonacci. Range resistance will be the immediate target, breaking this level will be very bullish, continuing the trend. Oscillators are both neutral, remaining above their respective 50 level; this indicates bullish momentum in the market. The immediate volume is below average, this must increase for continued follow through, price action needs to be back with conviction. Overall, in my opinion, XTZBTC is probable to retest local support which will allow for a long entry with defined risk. Price action breaking below range support will negate the trade. What are your thoughts? Thank you for following my work! And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by AzizKhanZamani