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#BTC MACRO UPDATE ON WEEKLY CHART, MAJOR BREAKDOWN MAY COME In this Chart, I have compared 2018 & 2022 Bear market There is a lot similarities in these two fractal I have compared it in Weekly Chart 1)In 2018 BTC formed Double Bottom after approx 71% decline from TOP & In 2022 $BTC formed double bottom after approx 74% decline from TOP 2) In 2018 it took approx 329 days from TOP to complete double Bottom and in 2022 also it took 329 days to complete double bottom 3) in 2018 After 329 days BTC plunged down approx 53% in next 28 days and if this fractal turned out to be true then bottom would be some where around 7 Nov & 53% down from here would be 9559$ THANKS
Short
by adityaiert2009
HERO ZERO TRADE IN NIFTYThese big candles indicating that price is at supply zone in higher TF Price failing to breach these levels and go up Even though price is again and again going back to its supply zone 1) It is creating lower lows in lower time frame 2)Getting rejection from 0.786 Fib levels in intraday All the levels are mentioned in the chart what the price comes there all you have to do is buy 17350 PE 6 oct expiry Price will be around 15-17 rs . Risk per lot is 750-800 . Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTYShort
by Mo-Kri
Bitcoin and elliott waves QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it So, we drew waves after the breakout of head and shoulder as per textbook ratios the price tend to form accordingly now price has reached it 3 impulse wave, we will wait for the pullback, which will be approximately 20100 level and the 4th wave that will be our buying zone TRADING SETUP buy around 20,000 around figure or at 20100 according to fib and wave lengths stop loss should be around 19900 Target 1 = 20400 & Target 2 = 20700
Long
by Jimmy_Rebello
PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022 In a daily time frame price has formed a inside candle. If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels) So until it crosses that low its better not to carry any short positions in nifty. Observe the price action structure here 1)There is a recent lower high formation (17050 levels) 2)There is a recent Low (16750 levels) For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL). or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly *** If Price breaks 16750 better to exit all long positions. I hope this analysis will help you. If you agree with my analysis you can comment on this post by yes or give a boost Thank you. And happy trading. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NSE:NIFTYLong
by Mo-Kri
1
BTC/USD - Weekly OverviewAs the global economic conditions turned bearish during the past week, Bitcoin seemed to struggle between the price level of $18K to $19.K. However, the crucial support level of $18K remained intact. The current price level is hovering around $19K and might look to retest the resistance present at $20K In a short timeframe, the price level needs to have a positive crossover above MA-50 which can help to regain bullish momentum. Looking at the technical indicators, the RSI level is looking to cross above 50 which might prevail in positive sentiment for the world’s largest cryptocurrency. MACD level is still struggling below the histogram but has started to form green bars Overall, the price level has avoided significant price dumps by having strong sustainability above the crucial support level of $18K. If broken below, the next support level will be $17K. BTC might also test the psychological mark of $20K on the upside and if had a positive crossover, the next resistance level can be placed at $22K
COINBASE:BTCUSDLong
by TradeDog-Research