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Bitcoin Bears In TroubleHello Traders, As you can see in the chart, at this moment we have Bitcoin facing local resistance, everybody is opening short positions here, so very likely to see a breakout. You can clearly see an RSI Bullish Divergence in the Chart, this is a very strong signal that usually tells the end of a trend. If we see a weekly close over 18000$ there is high probability for Bitcoin to reach Major Resistance that is the Neckline of the Double Top pattern printed in the All Time High 30000$. This level acts very often as a magnet and there is usually high probability for the price to reach it again. So if we see a weekly close over 18000$ Buy Setup with stop loss at 16800$ and with targets 21000$ 25000$ and 30000$. I you agree with me a boost is much appreciated and If you have questions or you want to share your feedback I will be glad to answer in the comments.
Long
by piccard54
4
Additional Long positions can be added to USDJPYI'm currently long USDJPY at 134.737 and 134.892. My target is 138.700. I'm looking for any opportunities to scale in additional entries to capitalize on this massive move. There is excellent 4H bullish sentiment as TDI suggests that price is still overall bullish. The Daily is pushing for structural higher highs. The 1 hour timeframe is clearly in an uptrend and there's some confluence of a pullback after the 1H presented an evening star at its most recent high. I anticipate a retracement near the 136.160 area, 4H support (re-test) or potentially the back of a trendline. Intraday setup but the volatility is present for a bullish push. A reversal candlestick on top of support and in a confluence area will trigger another buy.
Long
by DesharedPierreJr.