Be careful with this pattern, sometimes it gives fake breakout and fall, if we get a breakout and confirmation candle we can look for the long position.
Btc is ranging now for quite a long time.. accumulating .
Soon we will see manipulation (high volatility to hunt both side stop losses).
And then continuation to the trend it would like to(pump or dump).
Currently Money flow in global stocks as all the stocks are near to ATH or crossed ATH already.
Expecting institution and banks to enter BTC sooner or later...
I have posted enough Charts here for one to see how the price responds at the lines marked.
We can go down to lower Time frames of 5 min and 3 min to study the price action .
It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of...
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize...
- Yesterday we had warned that if on Pullbacks Nifty is unable to recapture 18315 odd levels then odds of falling towards 18146 / 18112 would be very high and Nifty could be starring at sub 18000 by month end...
- Nifty opened at 18287 (Resistance 2 given 18286) and immediately started giving up
- Nifty took resistance exactly at the red line and fell from...
It is evident that the current market trend is showing a consistent downward movement, forming a descending triangle pattern. Upon breaking the crucial support level of 26.5k, it is highly likely that the market will experience a further decline towards the levels of 25k or even 24.5k.
#BTCUSDT #short #futures #crypto
Nifty
On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline.
Now, we are looking at Daily candlestick chart pattern
1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083)
2. Given breakdown below the blue trend line and now retesting it
3....
#banknifty Looks #bearish in the Micro Picture. A fall till 32000 to 33000 Looks possible. Macro still remains #Bullish
This would be a Retest of the Previous high.
After that, we should successfully push to 39000 and above.
This is what I Feel!
#Nifty #Futures #nseindia
Nifty
CMO 11210
Strategy explained in the chart
Exit from Strategy if Nifty daily closing is below 11060
Discliamer:
- The view expressed here is my personal view
- Use this for educational purpose
- Any decision you take you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading...
NSE:TECHM has been perfectly break a Trend line on multiple time frames. Its an a swing call holding on 3 to 5 days.
SHORT SELL @ 500
Stop loss @ 534
Targets 1 - 462.5
Targets 2 - 425
