1daychart
BTCUSD BULL/BEAR ? TECHNICAL ANALYSIS ON 1D CAHRT BTC did not abandon the idea of growth, but yesterday it missed a very good chance while the American stock market was raising. 🚀
Today is the last trading day of April on regulated platforms, which, together with the compression of volatility on the daily BTC chart, makes you think about a possible sharp price impulse or even a roller coaster 🎢
Since April 9, bears have gradually increased BTC shorts. It doesn't look critical yet, but they are slowly getting closer to the levels that were before the fall in December 2021. 📉
And then there's the fear and greed index again went to the horror zone (23 points) 😕
Now there is a boring sidewall on the market with a potentially not boring denouement...
Only for study purpose ... Here is a zone where price takes rejection multiple times, the White line is 0.618 ratio of #Fib Retracement which is also important.
Take entry on breaking of a zone with strong green candle and .618 ratio with the SL of 690 as shown in the graph.
Targets are as shown in the graph if the price breaks all-time high then trail SL and hold the trade for higher targets.
All Targets are planned by Fib levels.
Also, Earning is there on month-end let see what will happen.
Can you capture 30% move in Granules - Swing tradeFor more Ideas go to the bottom of this post -->
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✺✺ Target: 1000 Followers ✺✺
✺Strategy 1: Low-risk high rewards type strategy: long on current price as risk will be only 9% ( near term swing low ), rewards will be 1st= breakout then waiting for ATM
✺Strategy 2: Breakout strategy, let it close above the Pink line risk would be high in this one as it can fake the BO and come back down and again break the pink line so put your SL accordingly :) also on a breakout trade, the targets would be around 15%
✺IMPORTANT POINT: Firstly do your analysis then only think of this trade and set the risk first, only that amount that you are willing to lose and will not get affected even if you lose it and also that amount if you lose it you won't curse me if the analysis flops hahaha just kidding, jokes apart, be patient to capture the movement and be impatient to get out if its a losing one and SL is triggered, don't put tight SL rather use less capital
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<< Thank You Have a Nice Trading Day >>>>>>
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
RISE OF A DOUBLE TOPSun Pharma
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DOUBLE TOP __1 day chart pattern
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APRIL 27 tested a new high (504.80) and failed to break it. Almost after month+ it has risen above to its Previous HIGH.
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I would go SHORT around " IF THERE IS ANY RESISTANCE AROUND IT'S PERVIOUS HIGH OR IF THERE IS A SIGN OF A NEGATIVE CANDLE
( HANGING MAN ) IN THE NEXT FEW DAYS"
TARGET__ 475- 450
STOP LOSS __ HIGH OF THE RESISTANCE OR THE RED CANDLE YET TO BE FORMED
WARNING -- GO SHORT ONLY IF THERE IS ANY STRONG RESISTANCE AROUND PREVIOUS HIGH 504 (+3,-3) RANGE.