This was a normal btc correction.Yesterday we saw a very bad dump in crypto market.
Btc dumped very hard. this was a breakdown from a short term symmetrical triangle.
But still it is in a triangle. So I believe market can reverse from this point.
But as you all know nobody knows what tomorrow will bring for us.
Invest at your own risk. profit is yours and loss is also yours.
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Marketanalysis
Short term view on NIFTY 07/08/2018Nifty is trading it's all-time high, but only large caps participation in this rally till now. We haven't seen any value buying in Midcaps & Small Caps till now.
Yes, Bias is good and shorts not advisable but CAUTION note is there. and the first thing we need to do is we should hedge our long positions. Because We may see a sharp downfall from here. So Buy some PUTs along with your long positions to protect your profits and safeguard your capital.