A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
Right Now market give a clear sign of change in sentiments lets see what will happen in upcoming trading session . I am expecting a higher low near 17500 level. Whats your opinion comment below..
Entry after a green candle confirmation only on 5 mins closing basis.
Positional Buy at CMP or if it retraces it till 75 levels Bullish Bias Target 1 - 105 Target 2 - 116 SL 72
Bank Nifty Might go through a short term retracement and continue its bullish move for next week. Seems US elections will settle down as we know who is next president already. SO market should take this positively.
The stock has already taken its move. The stock is moving up-direction. The value is moving higher and chances are it will continue move higher. Yet the perception is that the market is perhaps at a point where investors should be buying. Major support level is 1853.