Bitcoin sideways movement for almost a week.
Are you still worried on deciding whether it's the uptrend or the downtrend ??
This post uses some simple technical analysis with the tool "Gann Fan".
When the price action takes sideways movement for a while, and didn't respect the drawn trend lines, use Gann Fan, which will show what's...
I have compared the Q1 and Q2 price movement patterns and have marked with numbers 1,2,3,4 (against each quarter). Also using the fibb retracement, I have charted that using the 4950 retracement rally levels from the bearish point of 2986 and expecting a target of 6154 and expect spikes of 6300-6400 (All time high expected) over the next 20 days.I am republishing...
Key Level to watch out for(Study of 5Year chart)
Though there will be some correction in between. It is predicted that Nifty will come down
to 9900 - 10000 Level.
Some Intraday Opportunity will be there if 9th 0.96% October opens the nifty above 10331 Level.However
Expcting that intraday opportunity should end on 15th October or maximum by 19th october with...
From our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance
we expect the pair might reach new higher highs after this and would reach the expected target
For coming week Bulls need to hold 10850 range, for the up move to continue towards 10960/11100. 5FEB -7 FEB are important time cycle dates for coming week, Any close below 10700 can see fast move 10600/10450
ESCORTS has been moving in a Gann Fan pretty decently.
CUrrently testing the blue sup/resistance level
It also broke out of the inverted head and shoulders(neckline not shown)
All of that for an upmove to retest the lifetime highs.