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Beyond Technical Analysis

Ethereum 1D Technical Analysis & Commentary- Ethereum is currently trading at 2448$ - Ethereum has been moving in a range since August 2024 - Ethereum has also underperformed Bitcoin after its ETF approval that's another thing to notice - Ethereum/BTC has been slaughtered like anything and that's another way to track when ETH will outperform BTC - ETH/BTC is currently in a free fall and I see 2 Major areas where I expect a reversal from : 1st - 0.029 : 2nd - 0.021 - Ethereum's ecosystem and Altcoins will only pump hard the ones related to the ETH ecosystem when we see Ethereum flipping 2800$ and making a weekly close above it post that we might see a strong recovery in Alts like OP, ARB, Matic, and so on. - Meme coins based on the ETH ecosystem are already performing nicely, but if ETH takes over then they will also turn parabolic so watch out PEPE it's a narrative play - Ethereum has started building a base now, the bigger the consolidation the larger the expansion is going to be, mind that - Spot Ethereum accumulation at this price is best from a conservative approach you can easily expect 100% in a quarter if your average price is 2500$
Long
by VKtradesimbalance
Bitcoin 1D Swing Trade Setup- Bitcoin is currently trading at 62,826$ - Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight - Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart - For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$ - If you are looking to build less leveraged longs then focus at 61,354$ - Market Structure will flip bearish once we see a weekly close below 58,000$ - If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively - Manage risk properly that's the ultimate mantra
BITSTAMP:BTCUSDLong
by VKtradesimbalance
Kopran Basic Demand Supply in Price Action with Waves.Kopran if we observe price action we can see basic demand supply theory on charts In Feb 2024 it reached 292 levels & with good supply it pull backed towards 200 levels in march. Again in April it tried to reclaim 292 levels but with more supply it rolled back to 200 levels. In Aug 2024 it managed to absorb all supply & trade above 292 levels then every pull back towards 292 became demand zone it happened in 1st week of Sept now we are at same pattern in first week of Oct. Its looks like Wave 4 pullback which is 50% retracement of wave 3 rise so idealy wave 5 can take price 400 levels confirmation will be trade above 310.
NSE:KOPRANLong
by churiwalvikram
14 Oct 2024 - Bank Nifty Predictions (Next Trading Day)1. Index Chart and Time Frames Index: Nifty Bank Index Date: October 11, 2024 Time Frames: Daily (1D) 5-Minute (5M) Weekly (1W) Monthly (1M) 2. Support and Resistance Levels for Next Trading Day Support 1 51,000 Support 2 50,800 Resistance 1 51,500 Resistance 2 51,750 3. Scenario for Next Trading Day Slight Gap Down Bearish Expect initial selling pressure due to recent bearish candle on the daily chart. Timing 9:15 AM - 10:30 AM Initial volatility expected, watch for support at 51,000. Midday Range-bound Possible consolidation around 51,200. Afternoon Slightly Bullish If support holds, potential recovery towards 51,500. 4. Options Strategies for Next Trading Day Bull Call Spread Buy 51,200, Sell 51,500 Limited risk with potential upside if market recovers. Bear Put Spread Buy 51,000, Sell 50,800 Hedge against further downside if market breaks support. 5a. Calendar Spread Strategy 51,200 (Daily) October 12, 2024 Capture short-term volatility. 51,500 (Weekly) October 19, 2024 Longer-term view if bullish trend develops. 51,000 (Monthly) November 2024 Hedge against potential downturn. 5b. Daily, Weekly, and Monthly Trends Daily Bearish Recent bearish candle, potential for further downside. Weekly Neutral Consolidation phase, waiting for direction. Monthly Bullish Overall trend remains bullish, but recent pullback observed. 6. Trading Recommendations for ATM, ITM, OTM ATM Trade 9:15 AM - 10:30 AM High volatility expected, good for quick trades. ITM Don't Trade All Day Higher risk, less favorable for options buyers. OTM Trade 10:30 AM - 3:30 PM Potential for high reward if market moves favorably. Summary Market Opening: Slight gap down expected. Support and Resistance: Key levels identified for trading decisions. Options Strategies: Specific strategies tailored for the next trading day. Trends: Mixed signals across time frames, indicating caution. This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
B
by JayeshBoradia
11 Oct 2024 Bank Nifty Predictions (Next Trading Day)1. Index Chart Details Index: Bank Nifty Date: October 10, 2024 Time Frames: Daily (1D) Weekly (1W) Monthly (1M) 5-Minute (5M) 2. Support and Resistance Levels for Next Trading Day Support 1 51,250 Support 2 51,000 Resistance 1 51,800 Resistance 2 52,000 3. Market Scenario for Next Trading Day Expected Opening Slight Gap Up (around 51,600) Market Sentiment Bullish initially, then may turn range-bound after initial movement Timing - Open: Slightly bullish- Midday: Potentially range-bound Overall Outlook Start bullish and then range-bound as profit booking may occur after initial rise 4. Options Strategies for Next Trading Day Recommended Strikes: ATM Strike: 51,500 Call Option ITM Strike: 51,000 Call Option Strategy: Buy Call Options: Focus on the ATM and ITM strikes to capitalize on the expected bullish opening. Target: Aim for a quick profit on the initial move, then consider exiting or adjusting positions if the market turns range-bound. 5a. Calendar Spread Strategy 51,500 Sell (Weekly) This week To capture premium decay as the market stabilizes 52,000 Buy (Monthly) Next month To hedge against potential upward movement 5b. Daily, Weekly, and Monthly Trends Daily Bullish Upward Weekly Bullish Upward Monthly Bearish Downward 6. Trading Recommendations for ATM, ITM, and OTM ATM Trade Best during initial market hours (9:15 AM - 11:30 AM) ITM Trade Good for quick profits in the morning session OTM Don't Trade Avoid unless strong bullish signals are present General Better Not to Trade If market shows signs of reversal after initial bullish move Summary Next Trading Day: Expect a slight gap up with initial bullish momentum, followed by potential range-bound trading. Focus on ATM and ITM options for quick profits, and consider a calendar spread for hedging. Monitor support and resistance levels closely to adjust your strategy as needed. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:BANKNIFTY
by JayeshBoradia
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in HERCULES BUY TODAY SELL TOMORROW for 5%
NSE:HERCULES
by Kapil-Mittal
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