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Dynamicsupportandresistance

BTC/USDT - LongBINANCE:BTCUSDT I can see a real good movement on BTC, even though there might be some pullbacks along the movement... (Using Fibonacci retracement) We can see a strong support (@ $29,700 - $30,000), since the very beginning of this year... and a near support/resistance (@ $40,500).... retracing the movement with fibonacci level, we can see the market projecting towards the 50% level ($44,120)... and with a big momentum move, it can make a way through the 50% level and project higher and then have a breathing space at the near support/resistance.. before completing its full movement Also, for dynamic resistance and support, we can see both the EMA 12-period and 10-period acting as support now.. this proof the bullish direction of the market Don't forget, there will be some pullbacks during the bullish movement Trade carefully, and make sure you give the market enough time to play out any ways it want to Like and share your thoughts as comment, if you agree with me or otherwise... lets trade and win together Don't forget to follow me to have quick update of my further analysis, i will follow back as well.
Long
by Skuchies_CryptoKing
2
GOLD SPOT (daily time frame) - ShortFOREXCOM:XAUUSD There has been a strong support level since April 17, after the breakout that occurred on April 13. Also in the meantime, we can see a near resistance/ support level I confirmed these strong and near level by circling each testing that occurred on the level Also EMA 10 & 20 period tends to become the dynamic resistance Also have same view on 4hr timeframe, check it below After the turn around on the near support, the market went bullish till the near resistance. And from there, we can see a fake bullish breakout there which i alighted with rectangle , and afterward, the market movement turn downward, towards the near support level ... c Conclusively, I am having a sell signal on XAUUSD Trade Setup Call Type: Short (Sell) Entry: 1810.00 T.p: 1750.00 (on the near-support) S.l: 1825.00 (just above the near-resistance) profit in pips: 60 pips loss in pips: 15 pips Risk-reward-ratio: 1:4 Like and drop your thoughts as comment if you agree with me, or otherwise.. lets trade and win together Please, follow me..i will follow back as well
FOREXCOM:XAUUSDShort
by Skuchies_CryptoKing
Possible support and resistance levels of Bitcoin! With the current speculation of bitcoin's next move i cannot help myself from sketching as many trendlines and support levels as possible to come to a conclusion of bitcoins next move. From this post you can see some levels that i consider to be key levels for BTC to conquer nor break within the coming days. However there is much move than just the common trend lines and R/S levels to address, we must also address dynamic trend lines and other technical indicators aswell! Most dynamic trend line indicators such as Mean reversion, Bollinger bands were acting as support levels due to Bitcoins most recent drop. However a key level I saw was the 200 moving average, which was acting as a resistance level just above current day highs. Although this isn't technically a dynamic trend line i noticed a trend line on the RSI showing that there is room for a run prior to meeting RSI resistance. From other technical indicators like linear regression and Fibonacci retracement also showed some interesting S/R levels. Linear regression showed an interesting level 2 standard deviations below the mean. Fibonacci retracement shows other support levels for bitcoin. Overall the conclusion I came to is that from a restricted view due to only addressing support and resistance levels the future direction of bitcoin is inconclusive. To come to a better conclusion i would suggest looking into fundamental points such as inflation, whale's trades and market sentiment. However in saying that I would not disregard these levels as they can show traders the strength of BTC price action aswell as potential entry/exit points.
COINBASE:BTCUSD
by Mikey_Scali