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BTC/USD unsure of direction, but look at my pretty lines :)looks as if buying support is underneath the price. seems as if no volume indicates that the price will be falling. lines indicate where buyer support may be. only the future will tell which line triggers whale support. make sure you set your alarms at those lines. you will thank me later. right now I am currently unable to sleep. definitely will be waiting for these triggers to be set off. at current time of writing, I would say the price channel seems neutral/shortish. no buying support until the dogefather wakes up and wants to give us a gift. I'm gonna go get some coffee now. nothing i can do but wait. seems like a couple of levels of support are in order. not expecting to see drastic change unless someone wants to pull out completely. But with SEC chairman being a guy from MIT teaching blockchain and cryptography, I don't see bitcoin going anywhere. It cant be stopped. Its as if we have created a true cloud banking system owned by no one, which everyone involved benefits from. The future of bitcoin seems like a good one. Quantum computing is deemed to be a problem but people in the chatrooms say that it is easily patched by Devs working on the system. You pull your large position out and you will miss the opportunity to see this go to $100,000. Its a tough decision. Your pulled position only bought out by bulls lingering in the support lines underneath taking your place. Taking your profits. Heartache.
by UnknownUnicorn19607214
2
Birla SoftDaily Chart Pattern Breakout Candidate Positive Volume Buildup Can give good 10% - 20 % gain PROS Company is almost debt free. Company has been maintaining a healthy dividend payout of 20.53% Debtor days have improved from 104.84 to 82.09 days. CONS The company has delivered a poor sales growth of 1.94% over past five years I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
NSE:BSOFTLong
by CapitalGain360
EURUSD aims to revisit 1.1950 amid US dollar strengthWith the multiple failures to clear one-month-old horizontal resistance, EURUSD is ready to drop back to the monthly low near 1.1950. However, the 1.2000 psychological magnet can offer an intermediate halt during the fall. It should also be noted that the EURUSD weakness past-1.1950 needs a stronger US dollar to break November 2020 peak surrounding 1.1920 and recall the 1.1900 level on the charts. The pair’s latest weakness could be traced from the US Treasury yields and the chatters concerning covid relief package from US President Joe Biden. If at all the EURUSD buyers manage to cross the 1.2050-55 immediate hurdle, Friday’s low near 1.2080 and the 200- SMA level of 1.2133 adds to the upside filters. During the quote’s run-up beyond the key SMA, EURUSD needs to break a six-week-old resistance line, at 1.2160 now, to give buyers’ a fresh right over the bears. Also acting as resistance is the January 22 high near 1.2190 as well as the previous month’s peak near 1.2350.
Short
by MTradingGlobal
Tata Power Long TermRevenue up in Mar 31, 2020 291,363.70 from Mar 31, 2019 298,810.60 Net Change in Cash 17,728.70 from Mar 31, 2019 -8,830 Total Assets 897,481.50 Total Liabilities 701,821.30 After corona effect power consumption at record high this year so hopeful this stock Investing for 2 Year in Pyramiding Style Entry at 85 CPM on DCB Stop Loss at 75 for Current Trade after successfully enter in this trade will shift the Stop loss on Weekly Close Basis This is for Educational Purpose only not for investing #Invest on your own risk
NSE:TATAPOWERLong
by mohitprempundir
Gold teases monthly support line following failures to cross $1,Gold trades defensive despite the US dollar gauge’s (DXY) slump to the fresh low since April 2018. The yellow metal’s repeated failures to cross $1,900, not to forget 61.8% Fibonacci retracement of November’s downfall, drag it to an upward sloping trend line from November 30, currently around $1,875. With the sluggish MACD and neutral RSI joining the lower high formation since December 21, gold is likely to retest the 200-SMA level of $1,852. Though, any further downside past-$1,852 will have multiple supports around $1,845 to tackle before directing the bullion bears toward the December 14 low near $1,818. Meanwhile, sustained trading beyond the 61.8% Fibonacci retracement level of $1,888 needs to break a short-term resistance line, at $1,897 now, as well as the $1,900 mark before challenging the monthly peak surrounding $1,907. If at all the gold buyers manage to cross $1,907, November’s peak near $1,966 will be in the spotlight. Overall, chatters surrounding the US stimulus and virus vaccine seem to keep the risks positive, which in turn can restrict gold’s short-term downside. However, challenges to the risks may recall US dollar buyers to weigh on the commodities.
OANDA:XAUUSD
by MTradingGlobal
Nifty: Important levels for Year end 31 Dec expiry rangeNifty Strategy update for 31 Dec 2020 expiry Based on Data analysis and risk management, we suggested selling 13650 Put option between 36 -42. It gave ample opportunity to sell in the said zone and closed the day at 13.40. The strategy is active and is in Profit. Going forward important levels till December 31, 2020 expiry Important support levels : 13882 / 13829 / 13765 / 13734 Important levels on the upside : 13980 / 13998 / 14022 / 14063 Based on our Data analysis, Nifty Support likely to have shifted upwards and 13829 could be an important level and can potentially act as strong support till year-end. On the upside, 14063 could potentially act as a resistance level… Take care & safe trading…!!! Follow for more such ideas. This is what we shared with our closed members in yesterday's report. Important support levels : 13845 / 13824 / 13765 / 13734 Important levels on the upside : 13933 / 13980 / 14039 13734 is an important level for Nifty and likely to act as strong support levels till year-end. On the upside 13980 – 14039 could be an interesting zone to look out for… We saw most of these levels being respected Nifty made a high of 13967 just 13 points shy of our R2 level then made a low of 13859 just 14 points off our support 1 level mentioned and finally closed at 13032.60 right at Resistance 1 mentioned at 13933 If you are serious and want to receive detailed F&O trade analysis reports, kindly message your email address in comment section below or in Private chat. Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
1
Bitcoin 4hr analysis 12-13-2020Good morning ladies and gentlemen and welcome back to my daily look into the crazy world we call Bitcoin. Today I have the 4hr time frame pulled up after retaking some support lost over the last week. We will see the weekly close tonight in around 9 and a half hours or 10 and a half. That daylight savings time always messes me up. Regardless of what time the weekly closes this pump we saw this morning sure makes the weekly candle look much better in the eyes of the bulls. More on that in a bit. Anyways I hope you are all making plenty of money! I forgot to reenter and missed this pump... Live and learn. Lets take a look at the charts this morning. I see we beat the 4hr 50 MA. I really dont feel like you have conquered any indicator like the 50 MA unless you climb above the orange line and actually close that candle above the 50 MA along with the following candle. That following candles is referred to as a "confirmation candle" and are really important IMO. If you jump the gun upon that first break of the 50 MA you will find out quick that wicks commonly break the line and a retreat occurs which results in the candle ultimately closing below the resistance. Yes we did break above it briefly. But it didnt stick. This is why I prefer a confirmation candle before entry is even an option for me. After we broke the 4hr 50 MA and confirmed the break by closing a few 4hr candles above it we continued our trek up the charts. The 4hr cloud was less than 200 dollars above the 50 MA . Which was discouraging to many including myself. When resistance is stacked up like that its easy to doubt the bulls but they came through. I guess retaking the 4hr 50 MA gave us the fuel we needed to finish the job and retake the cloud too. Now we are above all of my traditional setup. (4hr 50 MA, 4hr 200 MA, and the ichi cloud) when you are above these indicators its considered bullish and we are above them all in the top time frames (4hr daily and weekly) Now that we beat the 4hr 50 MA and the 4hr ichi cloud what is next? Well all this bullishness could result in a gap below us. When price moves on the weekend a gap is typically the result. Gaps almost always fill right away but there are at least 4 on the chart as I type. One as old as 2 years. I think its even older. These gaps are something we should keep an eye on. Most fill in hours of the CME opening up tomorrow. Id say 95% fill within the first Monday of forming. The next option would be the gaps filling within a week of forming. This typically happens when a gap is bigger than 500 USD. Sometimes those gaps only fill half way or whatever and the rest will fill later. This accounts for roughly 4% and 1% are unfilled gaps. There are like 4 or 5 on the chart. All the way down in the 3k range. I like to keep up with the gaps but I think they are still not fully understood. I mentioned the weekly time frame earlier. The current look of the current weekly candle is bullish IMO. It is technically a doji at the top of an uptrennd but this doji doesnt look bearish. It looks bullish because of the dip. This week we dipped to around 17k and that wick looks deep. It shows me that the bulls were ready to buy when BTC dropped to those levels. We jumped right back up in that same weekly candle. So I am optimistic. This past week tested the patience of traders everywhere. I know people were saying we were going to 12k. Dont let them discourage you. Perhaps they are right? So what? A drop to 12k would be just as much of an opportunity as a rise to 25k. This market is full of opportunity. All you need to do is recognize them. I cant guarantee we break above 20k before the years end but I can not rule that out either. We all know how close we are. 700 dollars away as I type. That is a stones throw for Bitcoin. But 20k is one of the strongest resistances Bitcoin will ever face in its short life I think we can and just might break that resistance down before December 31st 2020. I can not promise this but if we do not break it by 2021 we may retreat down the chart. I think the stock market may take a small hit next year and if that does happen Bitcoin may or may not follow it. I think Bitcoin will ultimately excel no matter who is president. I also want to take a second to thank all of my followers. You guys have been so supportive and understanding. I dont get everything right and Ill be the first to admit that. But you guys and gals have stuck by my side and for that I couldnt be more appreciative. I look forward to sharing my thoughts with you all every day, and I hope you all enjoy reading my thoughts daily. I get chatty while I sip my coffee and that is how I type my analysis daily. A cup of coffee. I am learning more and more the longer I do this which means I can provide you all with more legit analysis. I plan to keep going til I cant do it anymore. 2020 may have been rough on the world but Bitcoin showed us all that you can knock it down, but it will get right back up. Lets make 2021 shine. Cheers everyone! Oh ya, I hope you all have a great day and make good choices my friends! WTFDIK??? TLDR: Bulls are awake. We are above the 50 MA and the 200 MA and the cloud on all major time frames. Things look good. Set a stop loss!
COINBASE:BTCUSD
by UnknownUnicorn4304403
IS BNF HEADING TOWARDS DOWNSIDE IN NEXT WEEK OR CONTINUE UP ?Hi Traders, 1. As usual first I will discuss, last week's statement. On 20th Nov 2020, in point no1. of trading plan section, what I wrote is quoting for your consideration. "A white line is made if the price takes out in both time frames in 15 and 1hr then you will see the upside move." . Here you can see in fig after crossing the white line the taken-out condition got activated and gave you approx. 570 points. The yellow line showing you this journey. Generally, after the condition got activated, we see a good move in that direction. This move would also give more points, Had the spinning Top in a pink circle would not be made after Gap up. Maybe most of you do not know if after a gap up a spinning top is made that is a signal to book profit and expect a reversal. Those who knew it would have booked profit after taken out got activated. In fact, for the last two weeks, I have been skeptical about the scene after taken out condition got activated. That I informed those who follow me through links given in below box. And both weeks after giving moves price come back in the region from were taken out condition gets activated. 2. I made a white box covering the cluster of many reversal candles this shows price might open gap down. Setting the previous fig to match with the current fig and my statement. Trade Plan For Next Week 1. I made a red line if it is taken out upside in both time frames then you would see more upside move. 2, On the contrary, if the green line is taken out downside in both time frames of 15 min and 1 hour, then you will see a fall. The level which I mark on the chart will never let you down with implementing with conditions. Once activated will give you a good move on that side proving in 229+ posts. 3. For new readers writing taken out condition how is this implemented on chats. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. -Yogesh Vats Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:BANKNIFTY
by yvatsji
27