Nifty has a trend line resistance and a higher timeframe supply nearby. Aggressive entry will be shorting at 18200 with a stop loss of 60 points i.e., 18260 Another reason for shorting is Nifty gave an up move of almost 240 points and I'm expecting a correction at this point. Even if it takes stop losses can try to enter the trade once it gives downside...
Btc at important zone....daily candle closing below 17000 will drag btc to further low.....
As btc fot rejected by the supply zone, it fell and made a retracement in the form of the bearish flag. The breakdown of the bearish flag confirmed downwards momentum. Btc is going to fall further down.
BTC retested the diagonal support but with a lack of volume (check the last green candle though) I'm looking forward to how this will play out, but it's not a good sign imo. It could hint on some more downside before potentially going up. I'm personally still bearish on the lower timeframes (including the 4h). That's why I'm also shorting this one. Doesn't...
There are two breakdowns one can see. 1. Flag and pole breakdown 2. H&S neck breakdown. For short-term, i.e today or tomorrow a safe target is 45900.
We can see a leading diagonal in few upcoming hours which can see some dump in
BTC might see 13300, 13080 and final target 12800. If by chance it does come there I would be very interested in buying it again. But till then its a short opportunity