Where my short-term trader mates at?
I do know you fancy them 1-hour charts so this day we’re searching at Bitcoin’s (BTC/USD) uptrend and NZD/USD’s reversal sample.
Test them out!
BTC/USD: 1-hour
Perfect-searching when we thought Bitcoin (BTC/USD) is able to moon again, crypto bears dropped their 24Okay magic and dragged BTC below the 24,000 level.
BTC/USD is now procuring and selling nearer to 22,800, which is juuust above a old excessive, the 61.8% Fibonacci retracement of this week’s upswing, and the 100 SMA and pattern line toughen.
If that’s now bullish sufficient for ya, then you positively gotta demonstrate the bullish divergence on the 1-hour time physique!
Are we searching at a legit uptrend entry different?
It is doubtless you’ll maybe maybe be in a location to pick at recent ranges and goal for the day before this day’s highs (and even unusual July highs) whenever you happen to’re assured that we won’t gaze FUD any time rapidly.
Feel fancy shorting BTC as an different? You’ll want to support till BTC/USD convincingly breaks below the toughen zone that we’ve spotted sooner than you opt to just a few downside action.
NZD/USD: 1-hour
I be conscious with my question a doubtless Head and Shoulders breakout within the making!
NZD/USD is carrying the reversal sample on the 1-hour time physique while ticket is chillin’ terminate to the .6220 place of passion.
Is NZD/USD ready done with its uptrend then?
A clear spoil below the Head and Shoulder “neckline” would possibly maybe maybe maybe well consequence in a time out to the .6190 level terminate to a old excessive and the 100 SMA.
While you happen to gaze NZD/USD bouncing from the neckline, though, then you positively maybe can put collectively for a retest of the .6280 weekly excessive and even the .6300 old place of passion.
Appropriate honest staunch fortune and proper procuring and selling this one!