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...
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...
Evening 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...
