Bitcoin - The Bigger PictureHi,
This is my second analysis of BTC in upcoming days or weeks.
I have seen a lot of people saying BTC will go back to 20k, 25k and even 10k too. They are saying because BTC crashed back in 2016-17. That time, only a few people were into cryptocurrencies.
We should be bullish at this moment but the current circumstances won't let the bull run happen.
BTC hit first ATH on 14-Apr-2021 with a price of 65,000 USD and got back to 28,000 USD in a month. Those people who bought the BTC started selling like there's no tomorrow.
Again, in the same year, BTC touched the price of 69,000 USDT and retraced to 34,000 USD but this time, it takes almost two and half month. You all know why-
because people realise the potential of Bitcoin and other crypto currencies
more and more support from Big corporates and Government.
Now coming to the point, we are still in the Trend and I am still bullish .
Thanks
Prediction
My prediction worked;[happy] with PROVE it was necessary to posthello traders
as I have said in my first idea you can check it 1 week ago that nifty will fail chances are there and
I purchased the weekly put option as it broke the previous day's candle low and my position is still running with a nice profit .
have nice trading.
will meet in my next analysis.
thanks
@born2trade_
CRO, ATOM & Fifa World Cup (What's cooking?)In the chart,
timeline has been set based on fifa world cup 2020.
Why is this relevant?
crypto.com is the leading sponsor for this year's fifa world cup. The commercials, news and hype around crypto tends to start increasing before such a big event followed by a pump.
Now we can assume the same for many coins but lets face it. Fifa World Cup is probably the most watched event every 4 years.
Now it's upto you how you want to strategise. Fairly a new eco-system that could possibly enjoy partnerships and collaborations in future because of it's positioning in the advertising space.
From this post's date, it's safe to say that you can buy the dips until the commercials reach its viewership peak which is usually 30-45 days prior.
A lot of historically relevant NFTs, Team Tokens and Merchandises will be adopted. Eventually trailed by exponential interest.
Not a financial advice but this would be one of the greatest case studies in the crypto history. Follow for more :)
Nifty Swing predictionCombining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be seen on chart which matches perfectly with an error percentage of 10
lets see how it goes.
Another Possibility
Morning Mantra, 11th March 2022Good Morning!
Satisfying the need of the hour, Nifty made an opening at its day high of 16757 approx yesterday, and thereafter gradually made a low of around 16447.90 during the day. But, it also somehow managed to give us a stable closing of above 16200, i.e., around 16594.90, in the yesterday’s trading session.
However, there’s still a need to stay cautious today, as we require to witness a closing of above 16200, today as well. So, stay stock specific and do keep a strict watch on the indices closing today.
Also, continue following the cherry picking strategy, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 9th March 2022Good Morning!
We are glad that our Pre Market Morning Mantra updates are fruitfully helping our followers each day. As once again, Just as we had stated about our thoughts on the worst getting over, yesterday, similarly we did see a beautiful bounce back in the Market, where from its low of 15671, nifty had made a high around 16028 on the same day itself.
Moreover, here it seems like the Market has now entered into a war zone. Where, 15850 and 16200 are the levels where we can see a war between the buyers and the suppliers.
However, for the situations to be in favour, it has become very important for us to witness a stable closing of above the level of 16200.
In the Meanwhile, Cherry Picking will be a good strategy if followed.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 7th March 2022Good Morning!
Just as we had been stating about the necessity of Nifty giving a closing of above 16800. Similarly, we did see how on failing to do so, the index had once again shown us the level of 16245 approx.
However, as per the chart setup, we are now expecting to witness a bounce back towards 16800. Which if happens, then the consequences will be good. Otherwise, if the index fails to sustain above 16200 for these 2 days (i.e., Today and Tomorrow) then the levels of 15850 and 15580 on the downside will become active once again.
Until then Keep Patience and Stay Cautious!
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 3rd March 2022Good Morning!
Once again, the importance of the level of 16800 was witnessed in the Trading Session, yesterday. Where, on being unable to cross over and give a closing of above 16800 on Monday, Nifty made a low of around 16478, yesterday.
In addition to which, we can see the difficulties that the index is facing to stably cross above the stated Level of Resistance. Thereby, a closing of above 16800 will be the only hope for the bulls, as of now.
So, until then stay cautious and avoid being too aggressive in the Market.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 28th February 2022Good Morning!
A recovery of almost 400 points from the crucial support level of 16200 was witnessed in the last trading session, which however was a positive sign for the Market.
Besides, in the midst of the seriousness of the ongoing global situations, there will still be a need to stay Cautious and to avoid being too aggressive until the index stably crosses and gives a closing of above the level of 16800, an important level which would now work as an initial crucial level of Resistance.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 25th February 2022Good Morning!
Finally, Nifty has taken a move out of its consolidation zone. Wherein, it has taken a move towards the downside levels.
Moreover, Just as we had stated, similarly we could very well see how this week was somehow very crucial for the Market Participants. Also, as had been clearly stated this week has given us a clear cut indication for the Market’s movement for the upcoming 3-4 Months.
In addition to which, where the level of 16800 was very much a crucial support level. Unfortunately due to a gap down opening of the yesterday’s session, Nifty could be seen breaking another support level of 16400 and thereafter finally landing down to 16200.
Although even 16200 has been a very crucial support level for the Market. So, as of now, if anything goes unfavourable then the levels of 15850 and 15580 will once again become very much active.
So, there’s a high requirement of staying cautious as of now and to extremely avoid being too aggressive in the Market until the market stabilizes.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 24th February 2022Good Morning!
As it was very much evident from the yesterday’s Market session as well, Nifty seems to be utterly confused within its predicted range of 17300-16800. As it is clearly observable, the index is finding a lot of difficulty in either stably crossing over or breaking down through the stated levels of Resistance and Support respectively.
So, on keeping the indices movement on our strict watch, we need to be highly cautious and wait for it to stably take a fresh move on the either side.
Stay Cautious and avoid being too aggressive, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 23rd February 2022Good Morning!
It seems like the level of 16800 is somehow or the other working as a level of support for the Market. But in accordance to the ongoing condition of the entire world we will still suggest to stay cautious regarding the market movement.
Although yesterday’s movement had once again given us a positive indication of 16800 being the level of support on the downside, and 17300 as a Resistance on the upper side.
Besides, we still have 3 more days left for a clear cut market indication. Where we are somehow very optimistic that an indication for a further move will be shown within this week itself.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 11th February 2022Good Morning!
As was very well witnessed yesterday, that even though Nifty made a high of around 17640, it was clearly not able to cross over the predicted Resistance level of 17650. So, in accordance to that it will be better if the Index manages to cross over and sustain above 17650 for the first 2 hours Today. While it is being expected that a selling pressure might be witnessed, also because it’s a Friday.
Strategy to be followed will be to stay Stock Specific and to keep booking profits whenever possible.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 8th February 2022Good Morning!
Being unable to cross over 17650, Nifty gave us a closing of around 17213 yesterday, which now raises a concern.
Therefore, in order to regain the strength, it has now become important for the index to sustain above 17300 for at least the first 2 hours today.
Stay Cautious, wait and watch and avoid being too aggressive with your trades as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Rounding Top Pattern formation on $BTC (4hr) The rounded top formation on BTC/USDT 4hr chart is showing the potential end of a previous uptrend.
- Showing that it has already reached the maximum price. (01 Feb.)
- And that the possibilities are now in favour of a downward price movement. (02 Feb.)
In technical analysis , the rounded top is a negative chart pattern . When a chart develops a top, which occurs when price curves rise and then fall in price, it generates this pattern. The right side of the curve will make higher highs on the left side until the top price arrives (1st February), at which point the curve will fall to the downside, making lower price highs on the right side of the top.
NIFTY GAP UP OPEN AND MAY BE FOLLOW DOW JONES PATTERNHi friends,
Nifty most probably follows a shared pattern on 22nd Jan 2022.
NIFTY FOLLOW THE DOW JONES TREND MOST OF THE TIME AND AS PER THE COMPARISON MAYBE IT IS POSSIBLE NIFTY BREAKS THE MOST POWERFUL RESISTANCE TOMORROW I.E. 17380 AND CLOSE POSITIVE WITH APPROX 300+ POINTS.
Morning Mantra, 5th January 2022Good Morning!
In reference to our suggestion, after staying cautious for the Month of December 2021, we can now witness a beautiful rally in the Index that too within just 2 days of January 2022.
However, the situations are not yet too comfortable to be confident for a further uprise. Therefore, Staying Cautious will remain to be a part of our Daily Routine, as of now.
Also, just as we had stated yesterday, similarly after fighting for almost the entire day, Nifty was finally successful in crossing both the stated levels of Resistance at 17650-17700 by the end of the Day.
Hence, as per the current scenario, on the upper side, the level of Resistance will now be at 18090. Whereas, on the downside, the crucial level of support will now be of 17630 and 17360 respectively.
Moreover, since it’s a Month of Earnings, Staying Stock Specific will prove to be all the more fruitful, as of now.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Morning Mantra, 3rd January 2022Good Morning!
Wish You All A Very Happy New Year 2022, and here I take you to our first Morning Mantra of this New Year!
Where as it had been stated and witnessed on the last trading session, till now Nifty has been trading in its narrow range of 17360-17220-17155.
The rising covid cases has become a matter of concern, as of now. So, currently it will be better to consider Today as a “No Trade Day”, hence avoid being too aggressive in the Market until a fresh breakout in the Index.
Apart from that, we are wishing that May this New Year bring a new ray of hope with some more positivity in the Market. Wherein, initially for some favourable situations to come up, we are hoping to witness either a breakthrough or a crossover of the nifty levels. As only after that will we be in a position to decide for a fresh new direction.
So, till then stay Cautious and be Stock Specific.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
ETHUSDTHere are the two main things that I can predict from the ETHUSDT chart.
1 Cup and Handle
2 Support line
One can easily spot a Cup and Handle Formation in the ETH right now.
It all started in May 2021 and the base of the cup was formed in July 2021. In November 2021, one can easily see that cup has formed totally. Now comes the Handle. The basic thing that one can conclude from this is that price is going to be in a range and the asset is going to consolidate for some time.
It will break the cup and handle formation in Jan 2022.
The support line can be drawn from December 2020 till the current price. Though there has been sometimes where the price went below the line, it recovered very fast and the continuation of the bullish run can be seen in the same.
I am being BULLISH about ETH in the near future. It will break the cup and handle formation and the boom in the price will be seen hopefully very soon.