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Bearish Patterns

NIFTY 50 Hits All-Time High - Is It Time to Book Profits?The NIFTY 50 index recently reached a record high of 23,100, marking a significant milestone. However, this peak is accompanied by concerning signals that suggest a potential downturn. Despite the achievement, the index is displaying weak momentum, evidenced by a bearish divergence in the Relative Strength Index (RSI) and the formation of bearish candle patterns over the past two days. These indicators raise the question: Is it time to book profits and wait for more favorable entry points? Moreover, the NIFTY 50 has formed a triple top pattern, which is a classic bearish signal. If the index breaks below the neckline at 21,800, it could further decline towards 21,200, where it might find support around the 200-day moving average (MA). In the near term, the technical charts suggest that a correction is on the horizon. Given these signals, it might be prudent for investors to consider booking profits and waiting for the market to present more attractive entry levels.
NSE:NIFTYShort
by breakout_ninja
#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis Intermediate Degree: ▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart. ▪️Target: $48,000 - $44,000. Primary Degree: ▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress. ▪️Target: $58,000 - $61,000. Cycle Degree: ▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming. ▪️Target: $52,000 - $58,000. Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory. Always conduct your own research before making trading decisions. Stay tuned for more updates and detailed insights. Please Like/RT & Appreciate
Short
by CryptoPatel
1
Alert: AEVO Down -80% from Its All-Time High, What Next ?AEVO Down -80% from Its All-Time High AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80. Current Status: Current Price: $0.76 Down -80% from ATH Technical Analysis Highlights: - The chart indicated a clear exit point at the breakdown of the $2.93 support level. - An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level. - It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline. Investment Impact: An investment of $100,000 at ATH is now worth only $20,000. Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals. Like and Share with your friends.
Short
by CryptoPatel
1
NIFTY50 Ready to Big Dump toward 20250 Levels ?NIFTY50 Technical Chart Analysis NIFTY50 is currently in a high greed zone, attracting investors eager to join the bull rally. Let’s examine the key scenarios expected to play out over the next few days: Chart Analysis: NIFTY50 is forming a bull flag within a rising channel. Historically, this pattern tends to lead to a downside breakout, which makes any upside breakout highly risky. My outlook is bearish. The last breakout resulted in a 22% gain, but if NIFTY50 breaks down below 22,110, we could see a significant fall. Breaking this level may result in a freefall to 21,000. Support Levels: Strong Support: The $21,000 level is critical. However, in the case of any negative news globally or in the Indian market, prices could potentially reach 20,700 and even 20,200. Fib Retracement Supports: 0.5 Fib Support: 20,717 0.618 Support: 20,252 Keep an eye on these Fib support levels. If the market reaches them, we may witness a strong bounce, which would provide good entry opportunities. Resistance: Watch the rising wedge channel resistance and support closely, as they are crucial indicators.
NSE:NIFTYShort
by CryptoPatel
Why "V" Shape Happened Last week in #Bitcoin ?Why "V" Shape Happened Last week in #Bitcoin ? High Risk-to-Reward Reversal Trades - Whales in Action: Big traders can manipulate the market to fill long positions. By driving prices down, they trigger stops/liquidations, then enter positions at favorable liquidity levels. Once the liquidity is absorbed, prices reverse upwards. - Liquidation Levels: Massive pressure on one side of the order book can lead to price reversals after liquidation levels are hit. - All Liquidation Levels Hit: If all liquidation levels in one direction are exhausted, there's minimal liquidity left, causing a natural price reversal. Opportunities for Traders: 1⃣ These reversals can mark local tops/bottoms, offering high risk-to-reward trades. 2⃣ Use tight stop losses and further take profits for maximum reward. 3⃣ Increase your chances by finding confluence with other indicators or support/resistance levels. CRYPTOCAP:BTC #BitcoinETF
by CryptoPatel
POPCAT/USDT Forming Bull Flag: Expecting Target $2Popcat ($POPCAT) Soars to New High: $0.576625 Popcat, the first cat-themed coin to hit a billion-dollar market cap, has reached a new all-time high of $0.576625 Thanks to its unique positioning and strong community backing, #POPCAT has seen rapid growth, and many believe it could soon hit $1. While the market is volatile, the Popcat community is buzzing with excitement and optimism! Chart Analysis: According to the chart, POPCAT has formed a bullish flag and completed a breakout, suggesting a 250% potential gain from the breakout level. It could reach $1.80 soon, but remember to set your stop loss. Stop Loss: $0.4390 Note: This is a high-risk coin, already up 500% in just 13 days. Avoid investing big money. Let's see how Popcat performs in the coming days!
Long
by CryptoPatel
Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Bitcoin Technical Analysis - Bearish Scenario & Elliott Wave Count Greetings traders and investors, Current Analysis: The current BTC scenario appears bearish. As discussed earlier, I highlighted the likelihood of a significant dump. I hope you adhered to the warning and avoided long trades around $70,000 - $72,000. Chart Analysis Recap: The chart shows a clear bullish pennant formation, usually indicating a bullish trend. However, based on my experience, the market often moves contrary to expectations. Pennant Breakdown: #BTC briefly broke upwards before a fakeout and a subsequent breakdown below the bullish pennant. Critical Breakdown: After breaking below the $66,000 level, #Bitcoin dropped further past the red trend line and retested $67,400. Many traders, fearing missing out, opened long positions at this level only to be liquidated shortly afterward. Elliott Wave Count: We're currently in the 5th count of a fresh Elliott Wave and the 3rd sub-wave count. Expect a slight upward move to fulfill the "A" and "B" count. Upward Move: Expect a short-term pump towards $61,000 - $62,000. Major Dump: Post-pump, BTC could dip further to $50,000, with potential dips toward $45,000. Support & Resistance Levels: Support: $51,000 / $42,000 Resistance: $62,000 Note: If BTC breaks above the $62,000 resistance, the Elliott Wave count could change, then i will update. Like & share if you agree with my Analysis Trade safely,
Short
by CryptoPatel
Ready for Altcoins Season? Bitcoin Dominance Analysis Ready for Altcoins Season? Bitcoin Dominance Analysis Critical Level: #Bitcoin Dominance hovers around the pivotal 55% mark, with potential outcomes hinging on breakout or rejection from 55%-57% resistance. Altcoin Scenario: Breakout could trigger an altcoin bloodbath, while failure could signal a significant altcoin season, potentially leading to new all-time highs. Observation: #BTC Dominance exhibits a pattern akin to the Bitcoin 2021 top. Confirmation Needed: Await an impulse downward to solidify the pattern, reminiscent of the 73%-39% move in 2021. Asymmetric Bet: Despite prolonged anticipation, the odds favor altcoins, presenting potential lucrative opportunities. Patience Pays: Success rewards those resilient against social media sentiment and market frustrations. Action Item: Vigilantly monitor charts for potential market movements, seizing earning opportunities as they arise. #AltSeason #Altcoins #Cryptocurrency
CRYPTOCAP:BTC.DShort
by CryptoPatel
1
NIFTY 2 MAY Expiry AnalysisThe market (NIFTY50) is currently trading at 22740. From Friday We have seen a sharp Buying. Now, I can see 2 images. Bullish Momentum: Will give you a good amount of return if it breaks 22760 level then target 22850+ Bearish Momentum: Will give you a good amount of return if it breaks 22720 level then target is 22600. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, TTR
NSE:NIFTY
by NaveenTTR
NIFTY MONTHLY BAT PATTERN OR HALF M PATTERN (Condition apply)* The market (NIFTY50) is currently trading at 22436. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a sideways zone. For the past two days, I've observed a sideways market with premiums not showing significant increases. Here are the levels and analysis for the NIFTY Monthly Future Traders: Once the 22400-440 Level breaks then the Market will go towards the 21900 Level again. If it sustains 22000 then also no big issue. Note: Selling side momentum can be captured effectively as selling often yields better results than buying. However, it's crucial not to be biased towards any side. Wait for a level break and then align with the market. The market will consistently provide favorable outcomes, whether in terms of profit or learning.
NSE:NIFTYShort
by NaveenTTR
NIFTY 18TH APRIL Monday AnalysisHello Traders, The market (NIFTY50) is currently trading at 22519. Friday We have seen a sharp selling (Please check my analysis 18th April Nifty Expiry, I explained about market and got the 200+ points target as well). Now, I can see 2 images. Bullish Momentum: Will give you a good amount of return if it break 22570 level then target 22800+ Bearish Momentum: Will give you a good amount of return if it breaks 22450 level then target is 22200. Also, Don't forget to see my Previous analysis: As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTY
by NaveenTTR
BITCOIN BEARISH MODE SO READY FOR $50,000 ?#BITCOIN BEARISH ALERT Market Status: Bearish Key Observations: Pattern Breakdown: Bullish Pennant formation has been compromised. Trend Line Status: Currently trading below the key trend line. Targets: $50,000 Condition: This target is set under the condition that #BTCUSDT remains below $65,500. Keep a close eye on the price movement. A sustained position below $65,500 could confirm the bearish momentum towards our target. Stay tuned for further updates! CRYPTOCAP:BTC #Cryptocrash
Short
by CryptoPatel
NIFTY 18TH APRIL | 23000 or 22500?Hello Traders, The market (NIFTY50) is currently trading at 22753. However, it's important not to blindly follow the buy or call side under the yellow box, as it signifies a UPWARD TO SIDEWAYS zone. Here are the levels and analysis for the NIFTY Expiry on April 18th (23000 or 22500?): Point 1: Avoid using the maximum amount in the Yellow zone, ranging from 22775 to 22700. Please do not trade in the 75-point zone. Point 2 (BULLISH): Consider going for the CALL side or bullish positions once the market crosses 22780. The targets will be: Target 1: Small Target with 87 Points which is 22856 Target 2: Big Target and All Time High with 23000 cross which is 23004+ After this, I expect a fall similar to 16 JAN 2024 when the 22000 level break. Point 3 (BEARISH): Go for the PUT side or bearish positions when the market crosses 22700. The targets will be: Target 1: Small Target with 54 Points which is 22650. Target 2: Big Target of 200 points which is 22500 and once this Target is achieved then we will be on the same page where we started on 28 March and then started TRAP TRADING. Also, Don't forget to see my Previous analysis: As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTYLong
by NaveenTTR