Multiple Time Frame Analysis
BTC Dominance 🔴 BTC Dominance
Seems like btc dominance will now decrease,which is good for Alt coins
BTC must be stable and dominance should be decreasing for good growth of Alt coins.
Soon we will trade like a boss, I will be away from market unless i get good conditional market setup for me. Just watching 👀
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Let's understand the dominance down below.
If Dominance decrease 🔴= btc 🚀= Alts 🚀 moon
If Dominance decrease 🔴=btc🔴= alts🔴🔴🔴 bleed
If Dominance decrease 🔴=btc stable= alts one by one🚀
Share your thoughts if any mistake or your opinions.
TRAPPED! Exactly as analysed. As we can see BANKNIFTY did tried breaking out of the channel as we analysed in the previous analysis and showed a sharp fall of more than 500++ points fall. Hence now if BANKNIFTY opens flat we might see more of a downfall in coming trading sessions and no change in trend can be witnessed unless BANKNIFTY breaks out of this channel till then we can see BANKNIFTY to remain in channel before finally continuing its uptrend so plan your trades accordingly.
BANKNIFTY in a descending channel, false break expected!!As we can see similar to NIFTY, BANKNIFTY can also be seen in a tight descending channel getting rejected from both sides making it weaker hence we can expect BANKNIFTY to break either side now which could be a possible trap before finally continuing its uptrend hence we can look for signs of reversal after the break has been done either side for a good strong rally so plan your trades accordingly
Gail forming rectangle patternOn the weekly timeframe, Gail is forming a rectangle pattern. If it breaks upward then it will be bullish rectangle or bullish continuation pattern.
So, we can expect an upward move of at least 140 - 150 price level and on the daily timeframe, a small rectangle pattern can be seen between price points of 108 - 112.
WELSPUNIND | SWING TRADE | BULLISH MOMENTUMWELSPUNIND | SWING TRADE | BULLISH MOMENTUM
CONFIRMATION FACTORS
1) Pole and Flag formation
2) 20/200 EMA Crossover
3) Market structure breakout and good consolidation happening
NIFTY might remain in this channel for a while nowAs we can see despite a strong upmove we did see a rejection in second half exactly from the trendline and psychological level which lead to the fall over 100 points. Now we can expect NIFTY to remain sideways and this range in coming trading sessions and also again getting rejected at the trendline and hence each rejection around the trendline would be a great opportunity so short so plan your trades accordingly
Tata Steel Analysis 11-7-203 Buy over 28 closing; for 150 -300Tata Steel Analysis 11-7-203 Buy over 128 Daily Closing; for 150 Short term target & up to 300 for long term target. Potential to go 350.
Exit (Stop Loss/) before Target if
On 9-RSI ema 21 cross over 3ema; (Weekly Timeline for Shortterm & Monthly for Long Term)
OR
on prv weekly lower break.
OCEAN⬆️ HIGH RISK don't recommend 🚀🚀🚀🚀
To the moon
If anyone have already long opened on this ,hold👀
I don't recommend to trade after price at this high
Volatility might sweep our SL❌
NIFTY showing signs of weakness now..?As we can see after a strong rejection in previous trading session but today we saw nifty being sideways throughout the day and hence formed more like an inside candle making it look more like a head and shoulders pattern in smaller time frame showing weakness but the weakness will only be confirmed if the neckline of the supposed pattern is broken down and sustained below and hence 19300 which could be seen as the neckline of the supposed pattern hence wait for confirmation before making any position
Fall started exact from the trendline!!As we can see despite a strong recovery after a weak opening, NIFTY reached the trendline and started to get rejected exactly from our given levels and lines. This shows as long as NIFTY maintains itself below the given trendline it should be a sell on rise and hence looking at a bigger holistic view! we can see NIFTY getting weak dragging all midcaps along with it. Further this 200 point unidirectional fall could just be a starting for a bigger downfall filling all the gaps created till 18900-19000 levels which is also a psychological level
NIFTY is ready for fall now..?AS we can see NIFTY finally reached its final psychological level which we had been discussing about since last few weeks about the pending space that needs to be filled. NIFTY has finally filled that space and hence any flat to weak opening can show good downfall. Now as long as NIFTY remains below 19500 levels its a great opportunity to sell on rise so plan your trades accordingly