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The Bitcoin Charts Of 2020 And 2023Crypto Analyst Reveals Uncanny Similarities In The Bitcoin Charts Of 2020 And 2023 A crypto analyst has revealed what seems to be one of the most uncanny similarities in two separate Bitcoin charts. The two charts taken from 2020 and 2023 show a very similar price trend, and the most important part is what happens if Bitcoin continues to follow this trend. What Happens If This Trend Continues? If the historical performance of Bitcoin back in 2020 is repeating itself once more, then it is very bullish for the price. This is because 2020 is actually the year the last bull run began. From December 2020, going into the year 2021, the Bitcoin price would rise continuously to beat its previous all-time high set in 2018.
Long
by saurabhbhola80
TataPower Fake Breakout on Hourly Charts. Intraday Idea 3rd May.After reading the different views, I realized that the whole TradingView community is bullish on TataPower in weekly and monthly basis. I am a derivatives trader, intraday and positional with futures and options. Here, I can spot a fake breakout on hourly charts on 30th April 2021. Though, it can be due to broader market going down, but there are several other factors behind this analysis. 1. Volume - We can see a volume contraction at this current upmove. The daily volume is not looking convincing for a breakout. Moreover, in hourly charts, there are several high volume red candles over the past week. 2. Intraday analysis on 30th April 2021 - When breakout happened above 100, I was convinced of a break out. Even it broke 101 which was the high of 12th April high volume bearish day. But it could not sustain. It made a double top kind of formation at 101 and then went back to break vwap and go below 99. For the rest of the day, We didn't see any bull moves or upward spikes since then. 3. Heikinashi - HeikinAshi on 1 hour charts is also showing bearishness here. On daily charts, the Heikin Ashi candle is indicating bearishness. How to Trade this idea? Any trade idea can be a failure and one can be ready to tackle the reverse. So first we will protect ourselves if idea goes in reverse. If it opens around 100, look for whats happening around 100.5 zone. If it rejects this zone in a 15 min candle, we can short it with stoploss at days high or the high of this 15 min candle. If it opens below 99, don't short immediately, see 15 mins chart, some retracement towards 99 to 99.5 can happen. Once it forms a 15 min bearish candle after retracement, wait for it to break vwap with momentum and go short with Stoploss high of that 15 min candle. Not convinced for a breakout upmove unless it breaks 100.5 with momentum. PS: Always the risk only the amount that you can afford to lose in a single trade. And never remove/defer that SL. Accept the loss and move on with next trade. Happy trading.
NSE:TATAPOWERShort
by sutirthab
2
Educational Idea given on bharti infratel candlestic chartsYesterday educational idea given to our members and also share on trading view platform. This shows the power of candlestick chart. Look today major of the stocks are trading in green but look at the stock of bharti infratel no news nothing still stock is falling . so identify these type of patterns in charts which makes you successful trader in the market. So all the below conditions are fulfilled when the shooting star candle is appear on the daily chart as we have seen on 29-May-2020. In technical analysis, a shooting star is interpreted as a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different. 1) After the uptrend we have seen the shooting star candle on the charts. Means now it's bears turns to capture the momentum of the stock. 2) 2nd Confirmation given as the shooting star appear near the resistance zone of the stock. 3) We can put the stop loss at top wick of the shooting star candle. 4) Look see our Stop Loss is well respected & not even touched by any candle during whole trading session. 5) Stock falls & we can book the profit as per our reward to risk ratio. This idea is sharing for educational purpose only. Please note candle stick charts are not generating any trading ideas but increase the probability of stock will move as per our direction.
IShort
by Tech_stock_trader
NIFTY - Tri Star Doji on Weekly charts, extreme indecisiveness Nifty changed -0.75 point during the week and made third consecutive Doji, this completes a Tri Star Doji Pattern. Tri Star is a rare (more so on weekly charts) and significant pattern, indicates extreme indecisiveness. The pattern is generally followed by a trend reversal and sometimes strong trend continuation . Nifty has actually moved some 14 points since 1st Nov. (four Fridays), this consolidation has to end (may end next week only) and it will post a big move (2-4%) in direction of breakout. The range of Tri star (11800 - 12040) sounds big but from today's closing (i.e. 11914) it just have to fall 114 points or rise 126 points to break the range, which is not a big move for a week. In order to make an estimate about the expected direction of Nifty, we'll have to look at indicators / oscillators, RSI on weekly chart is not giving any clear indication, but on daily or shorter duration charts, indicators are showing clear weakness. I even studied Option Chain and noticed that there have been some unwinding of positions in Puts 11000 to 12000 strikes, while positions in calls for strike 11800 - 12400 were added today. Those of you who understand option chain data, will be able to conclude easily "how discomforting it can be for the bulls". Short period indicators including EMA on RSI continues to be weak, with today's fall weakness can be seen even on daily charts. So far all this has been indicating that chances of Nifty breaking the range downwards are higher, but we are in a bullish market and things can change in to time, I'll continue to trade with a downward bias monitoring the trend closely. Positional shorts only after 11840 is broken, add more to shorts if and when 11800 is taken too. "Puneet_9EMA_21_RSI" is a simple and reliable indicator, many of us have been using it for a few months as it has given some reliable and timely "Enter" and "Exit" signals, during the past three months. Please back test yourself - it will give you confidence in trades. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Please consider hitting the LIKE button below the chart, if you find this post / idea worthy. You may also FOLLOW me over this forum for periodic updates on Nifty , Bank Nifty and bullion.
NSE:NIFTYShort
by ipuneet
2
Nifty 50 Negative Divergences in Monthly Charts₹₹Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen. But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can see profit booking & then movement will be according to charts. If election results are not same as market accepting then big negative for markets. Let's hope for best & Trade with proper risk management. Thank you
NSE:NIFTYShort
by K_Dyadav
ITC swing trade setup April'20Hello friends.. I've certain observation about ITC, and that i think let's share it with you. As it can be seen on charts, volumes are increasing and price is trying to move in upward direction. It appears a great swing trade setup in this bear market, comment your views on ITC? Entry price: 173 to 180 Stop loss : 160 Target price : 216 return/risk ratio : 2.1 Disclaimer: I am not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by me are from the personal research and experience. These are intended as educational material.
NSE:ITCLong
by jaykishan-largecap
Gold is showing resistance on weekly charts, 1645 is importantGold or xauusd is moving in a bullish channel on weekly charts. Friday's top has touched this very line and closed a couple of dollars lower. Breakouts on weekly channels are not seen very often, a cautious approach is a must at these levels. I would wait for more SELL signals on other indicators before going short, 4-5 $ above the trendline will be the stop loss for this trade. on certain momentum based indicators, some weakness can be noticed on hourly charts, this can be due to some profit booking ahead of weekend or initial signs or some sort of reversal or pullback in a overbought market.
OANDA:XAUUSDShort
by ipuneet
3