pranjalchaubey

pranjalchaubey

MACD is showing a strong bearish divergence building up on the weekly timeframe. In context of the tightening monetary policy of the FED, this is not looking good.

pranjalchaubey

In the face of tightening monetary policy by the FEDs, this scenario is probably not going to play out. However, in case that if it does, this is what I think that is going to happen: FED announce the speed up of the taper schedule during 15th December Press Conference Stock Markets start tanking even further, but BTC hodls the range For the next 3-5...

pranjalchaubey

Important levels in Bitcoin at the moment. Price breaking out of the green diagonal trend line would be very bullish for alts in the short term. Upper yellow line at ~$64,000 is the big resistance. A break and close below $55,000 is when things start to look a little dangerous.

pranjalchaubey

Two falling wedge breakouts observed on the Bitcoin chart. The first one showing a strong and healthy breakout (with an above than average volume). The latest falling wedge breakout has been a disappointment so far. Volumes have been below average and the price seems to be struggling. A break below the critical support level marked by the yellow line could be...

pranjalchaubey

NIFTY made a textbook head and shoulders pattern, broke below the green neck line, tested the Support turned into Resistance, and has fallen below today with a full bodied candle with virtually no wicks on either side. This is a clear indication that bears are in control. The weekly close looks pretty bad as well. Guess, the 3rd wave is here finally.

pranjalchaubey

BTC made an inverted head and shoulder on the 4H timeframe, however, it looks like the pattern has failed to breakout on the upside. As long as the price stays in the range defined by the two green lines, we are good. However, if we break below the channel, expect the alt coins nuke pretty hard.

pranjalchaubey

The Bitcoin Weekly RSI has finally made a decisive breakout from the downtrend that started from 4th January 2021. I take such signals very seriously, the ones that take a lot of time to build up.

pranjalchaubey Updated 

BTC is currently trying to breakout of a bullish flag formation. The projection of the bullish formation is around $70,000. Also, the flag lines are converging around 20th September, it should be noted that the Federal Reserve are going to have their FOMC meeting on 21-22 September. In case they announce the taper (unlikely), stock markets and BTC are going to...

pranjalchaubey Updated 

History has shown that once BTC goes into a large timeframe triangular pattern, the price takes many months to come out of it. It can be argued that the BTC price has gone into a triangular pattern at the moment, with the price looking very bullish in the last 3 days. Ideally, I want the price to break the upper green line ASAP (Pro Shares ETF Date is lined up...

pranjalchaubey Updated 

Unless the Evergrande Crisis and/or the US Debt Ceiling issue ends up blowing in everybody's face, NASDAQ (IXIC) is looking primed for a bounce here.