I am of the opinion that either the NIFTY50 or the entire market is entering a bearish trend. Starting from today or possibly in the upcoming week, it seems likely that the market will commence a downward trajectory. This projection is based on two potential factors:
Observation of a Head and Shoulders pattern.
The breach of an important...
BankNifty Analysis - Stance Bearish ⬇️
What happened with BankNifty today was more or less as per the script. The opening 4mts gave us some idea of what to expect, the reason being the bounce from 45399 support. Even though the opening was gap-down, adequate selling pressure was not there to take out the support level. Ideally, it had to be taken out via the gap...
Currently, Nifty is trading near very important levels. This was the important resistance (because of lot of consolidation happening between Jun-July 2021), which became a support after the breakout. It has been tested twice since the July breakout.
S&P 500 fell into bear market yesterday as far as daily close is considered. But, I am not convinced 100%...
I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs.
SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, ...
Look at the Lower High formations in this chart. This is a clear sign of a downtrend. One should be very careful in the market when such trends appear because there are only 3 trends in total. Markets can either be Bullish, Bearish or Sideways. Nasdaq has gone into a bearish trend and one needs to be very careful as US markets and the economy itself is tanking....
#BITCOIN Daily Chart Analysis
After Pumping of Weekly startup today's signal, CRYPTOCAP:BTC movement still under #BearishFlag pattern, it means with in next 25-35 days its next and final divergence will be towards $24k and from that point it will break down, there will be chances to breakdown of 18-20% means up-to $5k of value breaks as per my next forecast...
#Bitcoin Weekly Analysis
As per weekly movements into CRYPTOCAP:BTC into USDT pair Chart Analysis, It's again into #BullTrap with highly Pumped at October Start-up while America goes into Shut-Down to their services as per financial crises and Recession.
This Trap is 100% #Pumptoober,
B'coz, as per chart, Buying pressure starts from 1st week of January and...
simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
#Bitcooin 4hr. Chart Analysis
CRYPTOCAP:BTC moving into hourly chart under #BearishFlag Pattern, from last one month, since 18 August to 19 September, nearly to completing its final cycle of Uptrend into this Pattern.
Now, its Downtrend cycle will be start soon, towards $24k to $22k into #BearishZone up to in this week around 23 to 27 Sept.
You all must be...
Banknifty and nifty charts I have already shared in other posts.
This is finnifty chart on weekly time frame with my wave countings.
Finnifty completed its double correction at around 20650 mark in july itself.
The breakdown should start soon, and it will be bigger bear cycle which will continue for next 1 year (atleast, it may extend ).
No overnight longs...
Nifty almost completed double correction at 19991.
Very few will agree with the count but this is what I am expecting now.
Nifty should start travelling towards south anytime soon.
This time it will start a big bear cycle which is likely to continue for next 1 year (atleast).
No overnight longs with index is suggested.
Will update if this wave counting gets...
#BITCOIN Daily Chart Analysis
As per daily chart pattern, estimated #DeathCross will be happening up to 12-15 September and if it will be happening then Market goes in Deep #BearishZone for next 70-100 days and Bullish Trend starts late around 15-25 Nov. 2023.
A "death cross" occurs when the 50-day moving average (50MA) crosses under the 200-day moving average...
#BITCOIN 4hr. Chart Analysis
At Present from last 20 days, CRYPTOCAP:BTC moving into Ascending Broadening Wedge Pattern.
Ascending broadening wedge is one such formation, where its signal manifestation of the ascending wedge pattern in an uptrend, the asset price trend reverses downtrend. Hence, it is a bearish reversal pattern. An ascending broadening...
#BITCOIN 1-hr. Chart Analysis
As per present cycle of Descending Broadening Wedge Pattern of CRYPTOCAP:BTC , soon it takes a little pump up to $25.5k to $25.7k but as per complete cycle of Bearish Pennant Pattern it will be declined for uptrend cycle and goes towards $24.5k to $23.5k soon with another Dump into market and may be it will happening into next 2-3...
Nifty looks like forming a bearish flag pattern also forming a trend line on downside. Having a resistance at 19670 might it can make a down move but need to wait n watch till comes near to its resistance.
#BITCOIN Weekly Chart Analysis
Here in this chart, I calculate CRYPTOCAP:BTC value at previous Halving time with their Last Lower-Low Cut-off Mark was $3.9k on March 2020 while Last Halving on 11 May 2020 with BTC Value on that day was $9.8k and First #ATH was created after Halving around in 11 months with $63.5k Mark Value.
Now same as per previous...