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[08/25] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis A series of ups and downs in the continuous triangular convergence, but I pierced one direction for the first time yesterday. It's the top line right above. I'll explain the response for the time being easily, so if you refer to it carefully, you can win the probability and profit and loss battle and proceed with the sale! The shape of the chart is as simple as possible, so it will be easy for beginners to understand. Let's get down to business! Last night, a big rise broke through the top line in the big triangular convergence that had been shown for several days. However, it was a little vague to say that it was an upper side, but it fell again and came down. What you need to check here is 1. Short term "green upward trend", 2. Existing "Triangle Convergence Top Line", "Red decline trend" from 25.2k 4. "Blue upward trend line" below the green upward trend A V-shaped rebound came from the short-term green trend line, confirming that it was a meaningful support line. If it comes down again, there is a high probability of support on this line, and if it breaks, there is a risk of further decline. Triangular convergence top line He broke the top line of the triangle convergence in yesterday's shot, but he came down from the top without holding out, so I think it could still be meaningful. It still hits the top line and falls slightly, and I think it will be a little more positive for the rise if it breaks through and settles upward. A line that acts as a resistance. Red on the decline It's a downward trend created by 25.2k and 24.4k. If we break through this downward trend and hold out from the top, it will be a little more positive for the rise, but we haven't yet. If you break through, you'll break through a sharp decline, so I think you can judge that the decline has subsided a little. Blue upward trend It's the bottom line of the triangle convergence. I think it will be the last line for those who see the upward view. If this line breaks and falls, you have to think about renewing the 20.7k low point! It acts as a support line. If you check the support/resistance lines carefully and enter a position with a good probability and profit/loss ratio, you will lead the sale to an advantage!
by BeastTrading_Sehyun
GBPJPY Technical Analysis GBPJPY Technical Analysis 22.07.2022 1h chart – Previous Daily candle closed Bearish at 164.760 filling the previous Daily bottom wick. – Buys on close above 165.200 targeting Weekly / 4h Strong Resistance at 165.850 leaving Runners to Daily / 1h Strong Resistance at 166.140. – Sells on close below 164.550 targeting 4h Strong Support at 164.170 leaving Runners to Weekly / 4h Support at 163.620. – Retail Sales m/m Data forecasted -0.2% / Previous: -0.5% data to be released 1h before London Open followed by Flash Manufacturing PMI and Flash Services PMI 1h30min after London Open. – So far the current trading week has been holding Resistance around 166 on the Daily timeframe respecting the Strong Weekly + Daily Resistance that was formed on the last trading days of June.
by mrromeojee