IMX Spot Accumulation Setup - IMX is currently trading at 1.292$
- The overall setup and buildup look quite bullish to me
- Watch out for the strong base building in IMX
- This base can lead to a huge expansion in October
- September might go a little slow and sluggish and this will surely rally 100% from here very soon
- Watch out for SPOT Accumulation in IMX
Cryptomarket
Crypto USDT Dominance Update- USDT Dominance is currently trading at 6.28%
- USDT dominance got rejected exactly from 6.51% where I was expecting it to get rejected from
- Now the whole interest lies in whether it will again flip 6.51% or reject from here and flip its structure to bearish
- But if it makes a weekly close above 7% you can easily expect the Crypto Market to show a Major bloodbath
- Stay Cautious and keep tracking this
OP Swing Long Market Structure Shift Analysis - OP is currently trading at 1.4$
- OP is also carrying the best structure when it comes to Altcoins
- It's back to its previous yearly base where we saw the expansionary move from
- It's going to be very important to see whether OP fades away and falls below this zone or maintains its yearly area of interest
- Market Structure Shift will lead to a Parabollic rally in OP
- If you are interested in SPOT then 1-1.4$ can be a very good range to accumulate OP
Ethereum Swing Long Setup - Ethereum is currently Trading at 2278$
- We have seen Ethereum underperforming post its ETF Approval
- The demand for ETH has decreased a lot and now it is 50% from its recent highs
- From a Fundamental and Technical Perspective Ethereum surely has a lot of upside left
- It is currently Trading at a great zone where spot buyers can place bids and leave it for a quarter to yield 30-50% from here
- Accumulation Zones - 1750-2200$ Divide your entries in 2 parts
BITCOIN SHOWING RECTANGLE PATTERN BREAKOUT BEARISH SEPTEMBERBITCOIN SHOWING RECTANGLE PATTERN BREAKOUT
BEARISH MONGTH SEPTEMBER
In day timeframe chat a rectangular structure is showing on bitcoin
And it’s already breaked the rectangle support zone
So according to the data the current structure showing
The overall September market should must be bearish due to
Technical analysis
The fall should be a huge fall
It must be 13000 point fall due to
The support zone at 43.700
So invested and trader be ready a huge fall is going to occur soon in bitcoin
Bank-Nifty // 4 Hour //Support and Resistance with SkyTradingMod"Welcome to SkyTradingMod "
Hello Everyone 👋
Most Impotent:
Support Levels: Around 51,000 and 50,700.
Resistance Levels: Around 51,400 and 52,000.
# Normal Support and Resistance we mark on the Post.
The market is currently showing a bullish trend, but it might experience some consolidation before making a decisive move.
We’re excited to share our passion with you. From expert the latest trends, we’re here to keep you informed and inspired. Stay tuned for our latest posts and join our community of enthusiastic readers!"
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Bitcoin Worst Case Scenario Setup - Bitcoin is currently trading at 59000$ and we have the August monthly closing tomorrow
- Bitcoin has a Fair Value Gap ranging from 62,500-61,000$
- Bitcoin is currently chopping getting distributed and then showing small recoveries which has changed BTC's trend to bearish more HL HL followed with LL LL
- To flip the current trend we need a strong weekly closing above 67,000$ first
- I have drawn 2 bearish paths which happens to be best possible scenario for BTC, I am being practical and not blindly bullish over Bitcoin
- In trading, you have to consider a lot of uncertainties or else you get thrown out of the market so yes 51-54,000$ will be an important accumulation and longing zone for me to track BTC
BAJFINANCE Levels For Long or swing TradingChart Overview:
Current Price: ₹6,735.851.
Recent Performance:
1 day: +1.26%
5 days: +2.11%
1 month: +2.82%
6 months: +5.61%
Year to date: -6.45%
1 year: -5.00%
5 years: +106.50%
Support and Resistance Levels:
Pivot Points:
Resistance 1 (R1): ₹6,650.37
Resistance 2 (R2): ₹6,684.38
Resistance 3 (R3): ₹6,712.77
Pivot Point: ₹6,621.98
Support 1 (S1): ₹6,587.97
Support 2 (S2): ₹6,559.58
Support 3 (S3): ₹6,525.57
Fibonacci Pivot Points:
R1: ₹6,645.82
R2: ₹6,660.55
R3: ₹6,675.28
How To Draw Support and ResistanceHorizontal Support and Resistance Levels:
These are drawn using horizontal lines based on price points.
Support Levels: Identify areas where the market had difficulty breaking below. These levels often have a cluster of buy orders.
Resistance Levels: Represent price points where the market struggled to break above. Sellers tend to enter around these levels.
Round-Number Levels (Psychological Levels):
These occur around round exchange rates (e.g., 1.00, 1.10, 1.50).
Traders pay attention to these levels due to their psychological significance.
Trendline Support and Resistance:
Draw upward or downward sloping trendlines using at least two price points.
Trendlines help identify dynamic support and resistance.
Bome Usdt Bullish Expansionary Setup - BOME belongs to a meme culture so make sure your whole Portfolio is not allocated in a meme coin as they lack utility
- Meme cryptos in this season can surely outperform many old cycle cryptos so in that way your meme exposure should be a minimum of 20% out of 100% allocation
- Bome is currently sitting at its base where we have seen it making consecutive higher lows but once it breaks the structure and starts to build a base it will soon move up big especially when you see its peers outperforming
- Position yourself for scalability and not greed and make sure your horizon it at least 3 months
- Accumulation Zones - 0.007331-0.008000
- Offloading Zones - 0.010918-0.014269
Aptos Trade Idea - Aptos has bounced back quite strong where it has yielded more than 25% in a week
- Aptos can soon mitigate 10$ as well only if we sweep above 7.6$ on a daily timeframe and continue to stay above the same by either consolidating or by making a weekly close above that
- Make sure that you don't get trapped in longs by simply longing it right after the sweep it can be a liquidity grab as well so stay a little cautious
- My overall bias for Aptos is bullish and I soon see it piercing 10$ and 16$ as well on a quarterly horizon
- Hold your spot wallet and do not try to leverage much and don't even try to short the market
Advanced Trading With DataBase #Nse #BseOptions Data APIs and Tools:
Investopedia: Provides insights on using options data for market direction.
IVolatility: Offers a deep database of options and futures prices, volatility, and analytical tools for traders and investors.
Polygon: Real-time options prices, historical data, and news for major options markets.
Optionistics: Offers free analysis tools, including price and volatility history, option calculators, and more.
Barchart: Provides an overview of today’s options market activity and unusual options activity5.
Trading Management and Psychology #NSE #SMCTrading psychology is different for each trader, and it is influenced by the trader's emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader.
Trading psychology is the emotional component of an investor's decision-making process, which may help explain why some decisions appear more rational than others. Trading psychology is characterized primarily by the influence of both greed and fear. Greed drives decisions that might be too risky.
Here are five ways to feel more in control of your emotions while trading.
Create Personal Rules. Setting your own rules to follow when you trade can help you control your emotions. ...
Trade the Right Market Conditions. ...
Lower Your Trade Size. ...
Establish a Trading Plan and Trading Journal. ...
Relax!
Bank-nifty Long Term Levels #InvestingCertainly! When it comes to long-term investing in Bank Nifty, here are some strategies you might find useful:
Buy and Hold Strategy: This approach involves purchasing Bank Nifty index funds or individual banking stocks and holding them for an extended period. Over time, the market tends to grow, and this strategy allows you to benefit from compounding effects.
Nifty Bank Index (NSEBANK): The Nifty Bank Index represents the performance of the banking sector in India. It includes major banking stocks listed on the National Stock Exchange (NSE).
Here are the latest details for NSEBANK:
Current Price: ₹50,578.55
Day’s Range: ₹50,149.25 - ₹50,830.70
52-Week Range: ₹42,105.40 - ₹53,357.70
Banknifty Long Levels #NSECertainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points related to Bank Nifty levels:
Intraday Trade Setup for August 6, 2024:
Bullish Scenario:
Buy above: 49,860
Stop Loss: 49,780
Targets: 49,940, 50,020, 50,100, 50,220, and 50,400
Bearish Scenario:
Sell below: 49,640
Stop Loss: (not specified)
Symmetric Triangle Targets Met:
Bank Nifty successfully hit both targets from the recent symmetric triangle pattern within two days. It is now consolidating near the 15-minute and 1-hour support levels.
Immediate Support: 49,620
Immediate Resistance: 50,420 and 50,700
Inverse Head and Shoulders (H&S) and Falling Wedge:
Bank Nifty has formed a falling wedge and an inverse Head and Shoulders pattern.
The crucial level of 50% retracement on the Fibonacci Levels from the bottom created on the election day result is relevant.
Long Levels:
Bank Nifty Index Long Levels are not specified in the provided data.
Bank nifty Levels for Intraday Certainly! Intraday trading in the Bank Nifty involves closely monitoring key levels to make informed decisions. Here are some relevant levels for today:
Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points.
Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours.
Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
Banknifty Index Long Levels #InvestingBanknifty Index Long Levels
Certainly! The Bank Nifty (BANKNIFTY) is an index that tracks the performance of the banking sector in the Indian stock market. Here are some key points to consider for long-term investment:
Bank Nifty ETFs: These exchange-traded funds offer easy diversification, flexibility, and low expense ratios. They can be suitable for long-term investments, potentially providing capital appreciation over time.
Historical Performance:
Over the last 3 years, the Bank Nifty has given better returns compared to other indices. It has rallied over 42%, while Nifty IT is up 36% and the broader Nifty has gained over 48%.
You can access historical data for Bank Nifty to analyze its performance over different time intervals.
Remember that investing involves risks, and it’s essential to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions
Data Base Trading Part = 4 #Institutions Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date.
An option chain trading strategy can be formulated by seeing accumulations in OI (open interest) and volumes in various option strikes. You should note, here, that open interest implies the number that tells you how many options or futures contracts are presently outstanding/open, within the market.
Data Base Trading Part - 3 #NSE #BSE What exactly is an Option Chain? It is the complete picture pertaining to all the option strikes of the Nifty in a single frame. Remember, just as there is an option chain for the Nifty, you have option chains for all the key indices traded in F&O and also for individual stocks where options trading is permitted.
Tips for Trading in Bank Nifty Option
Stay Informed About Economic Events and Market Trends. ...
Use Technical Analysis to Identify Patterns and Trends. ...
Develop a Trading Plan and Stick to It. ...
Set Realistic Targets and Stop Losses. ...
Use Options Greeks to Assess Risk and Return.
Bank Nifty is considered one of the best indices for options trading due to its high liquidity, volatility, and significant price movements. These characteristics offer ample trading opportunities and the potential for substantial profits in a short time frame.
Data Base Trading Part -2 #NSE #BSE #OptionchainTo study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
So, if you see an aggressive increase in open interest in puts, it is most likely being led by the institutions who are selling puts and it hints at a support level below which the market is unlikely to fall. The reverse interpretation holds in case of call options OI movement. You can position your trades accordingly.
Data Base Trading Part -1 #NSE #BSE #OptionchainOption chain: Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct
options strategies, manage risk, and profit from price movements in the underlying asset.
An option chain has two sections: calls and puts. A call option gives the right to buy a stock while a put gives the right to sell a stock. The price of an options contract is called the premium, which is the upfront fee that an investor pays for purchasing the option.
Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
The Psychology of Money--The Psychology of Money --
1. Real wealth is the money that you don't see
2. Focus on lowering risk, not maximizing reward
3. Focus only on factors you can control
4. Compound interest x Time = wealth
5. Money doesn't get peoples' respect
6. Only take risks you can recover from
7. Never ever happened won't happen
8. Focus on your systems, not outcomes
9. Plan for when the plan goes sideways
10. Money only solves money problems
11. Your goals will not be the same forever
12. Don't take permanent decisions lightly
13. Money is just a tool, not the goal
14. Learn to say when you have "enough"
15. Talk is cheap, you are your actions
16. Decisions are never perfectly rational
17. Don't fear change. It will happen inevitably
18. Some lessons must be experienced to be understood
19. Desperate people believe whatever sounds like salvation
20. The best thing that money can buy is your freedom.