ETH reaching towards ath as discussed in the last eth chart out triangle broke upwards and we hit all our targets
now as you see we may play a short trade for little profit because of the resistance line of that channel.
SHORT
entry: 1390
Exit: 1320 (1330 for safer side)
according to my chart analysis, the chances of ETH reaching 1500 is very high in the next 4-6 days
Bullrun
RUPA LTD. | FRESH BREAKOUT | BIG MOVE !!Stock has given a fresh inverse head and shoulders pattern breakout over the levels of 250 on weekly charts with the highest volume since 2017. Counter looks pretty comfortable to approach the targets mentioned on charts in a little time, keep a stop-loss of the mentioned level on weekly closing basis.
DrReddy - Last chance to buy before another runDrReddy is getting support at 0.618 fib level and the traded volume is also decreasing. In 1-2 days we may see a spike in volume and which will start another bull run. It is also forming a Flag and Pole pattern. If Flag and Pole breakout happens than Target is 5900++ in coming weeks.
AUROPHARMA Getting ready for bull moveAuropharma is getting ready for another bull run.....
Sellers are unable to bring the Price down and buyers are showing that they are buying at every price and will not allow sellers to bring this down.
Closing above 800 will open the Targets for 900+ and then 1000
Trade can be taken with 750 as stop loss because below this Buyers will surrender and may will try to cover there losses.
BTCUSD long term analysis on the weekly time frameBTCUSD has been supported perfectly on the weekly 200MA as I discussed in my previous post in 2019
The 200MA has proved to be a perfect entry on the corona dump.
As one can see, the downward sloping trendline resistance has been broken.
Also the 10000-10500 area which was proving to be a major resistance zone has been flipped as support which confirms the bull run
For buying one can consider taking position on the retest of the weekly 21EMA.
The bigger parabolic moves and price discovery are highly likely to be seen in 2021
Again ready to blast? Bulls shall charge ahead if 30400 is brokeJust like Nifty I also see strong signs of trend continuation in BNF, although its not good idea to be this super long in both index as they both have positive correlation and your risk management can be out of order if view goes wrong, what can I say? Its just looking like bull territory above 30400, and I feel that hurdle will be crossed in Monday opening.
This view can be negated if BNF slides below Friday low, so be careful there and carry SL strictly.
How to ride BTC rally? When to move money from BTC to ALTS?MICRO TRENTS:
BTC.D is currently forming an ascending triangle.One thing most of the people didn't realize is that during the ascending triangle(this week) $BTC.D tested previous strong resistance. And now it is ready to be launched. My prediction is that It's going to break the ascending triangle and move towards first resistance line. Around $16,500, and then it might retest BTC trend line around $11500 (market will be very volatile at this point)
Will add more after fulfilling given targets..
MACRO TRENDS:
Blue lines are the resistance lines/rays, derived from 2017 bull run - Can be seen as the starting points.
Watch out for these lines, will create a good shorting opportunity.
- First line is at 69.90% Dominance
- Second line is at 77.43% Dominance
Future prediction on when to get the money out of ALTS:
When $BTC dominance hits yellow line or breaks yellow line then it means that the ALT season is over. Time to covert investment back to $btc (with stop-loss) or $USDT to be safe
BTC 2021 BULLRUN GOES TILL $2,00,000I am clear that i am not financial adviosor or not expert, i am just shared my chart or say a possibility BTC can touched $2,00,000 in next bull run,I am used elliot wave for measure the height of chart hoow its gone, date is not mesaurable that why not any perfect date but yes in mid of nov 2020 to feb 2021 is the time when market make new ATH.now its total depend on market cap how it goes.
Retracement done, let's go to the next big resist/support lvlTextbook move, RSI is now back in a very very good position on 15min, 1h and 4h. We can go and move on to the next resistance/support level (3875 EUR - 4400 USD)
If we break through this one, we are going to start 2019 on bull run! Joe & James are going to FOMO like at the end of 2017!!!
If we don't break it, the bear will be back in charge and we will go test test a new yearly low.
As usual, I don't know what I am doing (but I am getting better at this I feel...)