this trade was taken for a long as soon as it passed the first break-out zone that was fixed by looking at the support and resistance zones that were set and once the target zone was crossed the force that it went was so fast that it hit the resistance zone in no time but what was predicted that it would cross the resistance zone and shoot out bullish didn't...
Given this targets and ranges on monday in our telgram channel l..
Reasons asking one to train his eye rather going behind logic initially is that once you run behind logic you will be thinking too much and overthinking leads to losses in market .. keep an eye on the structure and chart patterns and once you gain confidence over a pattern logic follows and...
In BTC-USD pair we can clearly see the double bottom (W) pattern which is showing bullish sign. Volume is also confirming bullish move.
We can see some choppy move this Sunday because of the weekend.
1 st resistance area is 51367$
2nd resistance zone is 52900$-53600$
In case of any downward move BTC needs to hold support zone at 58355$. Weekly closer below this...
Let's talk about the short - term view. A trend line is observed on the monthly chart, and when we observe the same on a daily chart, we can see a pattern that closely resembles "Inverted Head and Shoulder," which signifies a bull run in coming days. All we have to do is to wait for the candles to break the neckline, and we're good to go.
ICICI Bank is forming a bullish white swan on the 30 min charts, and is expected to hit 352, before bouncing off to 370+
A good options trade can be taken on this basis, on the Jan'19 series.
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Kindly consult your advisor before taking any decisions. We teach, and practice what we teach ;)
