Nifty last 10 years of historical data For December December Nifty last 10 years of historical data
Nifty last 10 years of historical data For December
Search in ideas for "HISTORICAL DATA"
Bank Nifty 10 Years Historical Data for Doji December BANK Nifty Past 10 Years Historical Data Back test
*Bank Nifty have made 5 Red and 5 Green Candles.
* Showing no Correlation with pervious month
* Mostly Every DECEMBER month Have formation of doji candlestick.
* possibly if November close above then new high will be seen in December.
/ else will be in range between 27700 to 29700
BTC.D is about to decline, Alt season is coming! Historical data shows in 1month time thet alt season is about to start in few days.
Banknifty levels for Intraday Trader'sCertainly! Let’s take a look at the recent levels for BANKNIFTY, the index representing the banking sector in India. Keep in mind that these levels are subject to change based on market conditions, so it’s essential to stay updated.
Here are some key data points and recent analysis for BANKNIFTY:
TradingView Chart:
Price Range (July 31): BANKNIFTY was moving within the range of 51,250 to 51,900.
Pattern: Range
Trend Strength: Normal
Buy Above: 51,360
Stop Loss: 51,280
Targets: 51,440, 51,520, 51,600, 51,720, and 51,800.
Sell Below: 51,220
Stop Loss: 51,300
Targets: 51,160
Google Finance Data:
Previous Close: ₹50,119.00
Day’s Range: ₹49,829.60 - ₹50,440.75
52-Week Range: ₹42,105.40 - ₹53,357.70
TradingView Intraday Levels (August 6, 2024):
Buy Above: 50,100
Stop Loss: 49,890
Targets: 50,250, 50,400, 50,550
Sell Below: 49,890
Stop Loss: 50,100
Targets: 49,700, 49,530, 49,290
No Trade Zone: 49,890 to 50,100
Previous Day High: 50,780
Previous Day Low: 49,700
EquityPandit Data:
Today’s Low/High: ₹51,087.85 / ₹51,608.70
52-Week Low/High: ₹42,105.40 / ₹53,357.70
Remember that these levels are based on technical analysis and historical data.
How Some Misrepresent Backtesting as Live TradingHow Some Misrepresent Backtesting as Live Trading
Some individuals may attempt to present backtested results as if they were achieved through live trading. This can be misleading for those who are not familiar with the nuances of trading platforms like TradingView. Here are a few signs to watch out for:
Lack of Real-time Data: Live trading involves real-time data and execution, while backtesting uses historical data. Be wary if someone is showing results without real-time price movements.
Perfect Trade Execution: Backtests often assume perfect trade execution without slippage or delays, which is rare in live trading.
Learning the Technical Parameters of Charts
Before diving into trading, it's essential to understand the technical parameters of charts. Here are some key elements you should familiarize yourself with:
Candlestick Patterns: Learn to read candlestick patterns, which depict price movements over a specific time frame.
Trend Lines: Use trend lines to identify the direction of the market.
Indicators: Familiarize yourself with indicators like moving averages, RSI, and MACD to make informed trading decisions.
Tips for Safe and Effective Trading
Educate Yourself: Start by learning the basics of technical analysis and the tools available on TradingView.
Banknifty prediction for tomorrow 19 Feb 24As we have been discussing, Banknifty has a bullish nature for a couple of analyses. Now it's reaching near the resistance zone @46970.
Now, if we look at the chart:
The market has broken to the upside; also, the market is making a double bottom if we look at the 4H frame. 46300 was good resistance, which broke to the upside. Now, I am expecting it to provide good support.
If we look at the OI data:
Pcr = 1.10, which shows the market is bullish. However, the above side 46970 will provide good resistance, which is also confirmed by OI heavy CE writing at the 47000 level. MaxPain, for now, is 46500. Once it's broken to the upside, the path to 46970 will be clear.
I expect the market to be volatile in this zone, as per the historical data. Right now, at a double bottom neckline. I am expecting volatility in 46300-46970.
Reasons:
The last two times, the market fell sharply from this level.
Price > EMA indicates bullishness in the market.
RSI is showing bearish divergence. Some consolidation is required at this point.
OI data Pcr = 1.10 shows bullishness. 46500 is MaxPain, and 47000 shows heavy CE writing.
VWAP ≥ price, which indicates bullishness in upcoming sessions.
Verdict:
Bullish till 46970 level.
Plan of action:
Be aware of opening high; if the market gap-up, there is a high chance of range bound in 46500-46970. Go with an Iron Condor in the range 46500-46970.
Bitcoin (BTC): technical and fundamental analysis. Altseason.📈 Technical analysis BTC/USDT
The Bitcoin price is trading within a narrowing price range, formed after an unsuccessful test of the major resistance block at $100,000, followed by a correction to the 0.23 Fibonacci retracement level and subsequent consolidation. This has resulted in the formation of a pattern known as a narrowing wedge, the breakout of which could indicate the next direction for BTC price movement.
If buyers, supported by fundamental factors, manage to break through the psychological resistance level of $100,000, we can expect a strong upward momentum toward the next resistance zones at $110,000–$120,000 and a test of the global trendline resistance.
Conversely, if sellers push the price below the $90,000 support block and establish themselves beneath the EMA 200 line, we anticipate a corrective move toward the 0.5–0.61 Fibonacci retracement levels. These levels coincide with Imbalance zones, where consolidations are needed to close gaps in horizontal volume levels.
📉 Bitcoin market global analysis. When does the altseason start?
Bitcoin's dominance has begun a rapid decline, and we are currently witnessing an attempt to break out of a parallel price channel. If it manages to consolidate below the lower boundary of the channel, we can expect further declines in dominance, which would indicate the start of significant capital flows from Bitcoin to altcoins.
What are Bitcoin's long-term growth targets?
Above the current all-time high (ATH), there are no resistance levels based on historical data. Therefore, to determine growth targets, we will rely on trendlines, Fibonacci extension levels, analysis of large order block clusters in exchange order books, and, of course, indicators:
Fibonacci Extension Levels: The nearest growth targets for Bitcoin are the 1.61 and 1.78 Fibonacci extension levels, which lie in the range of $104,000–$112,000.
Global Trendline: The next target could be the global trendline drawn based on the peaks of the previous growth cycle. A test of this trendline might occur around the $120,000 level.
RSI Analysis: The RSI indicator is currently about 18% away from its resistance trendline. Translating this to Bitcoin’s price chart, this corresponds to a range of approximately $114,000–$120,000. This is where a test of the resistance line may occur, as observed in all previous Bitcoin market cycles.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index remains in the Greed Zone at 76.
The total cryptocurrency market capitalization has grown to $3.37 billion, while the Bitcoin Dominance Index has fallen to 56.18.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 100,000 and 120,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 80,000 - 90,000
🔴 Supply zone: 100,000 - 150,000
Levels for long positions:
90,000 - psychological support level
88,000 - large support block
60,000 - large support block
Levels for short positions:
100,000 - largest resistance block
110,000 - large resistance block
120,000 - 100,000 - ascending trend line of resistance
📊 Fundamental analysis
In November, Bitcoin ETFs recorded an inflow of $6.1 billion—the highest monthly figure since the instrument's launch in January. This indicates growing investor confidence in the asset while favoring the security of regulated ETFs over direct BTC purchases. Record inflows into Bitcoin ETFs could support a BTC rally above $100,000.
Ethereum and Altcoin Investment Trends
Investment inflows into Ethereum (ETH)-focused products reached $634 million, pushing the total for this year to over $2.2 billion, surpassing the previous record of $2 billion set in 2021. Similarly, Ripple (XRP)-based crypto funds received record-breaking investments of $95 million. This surge may be linked to preparations for ETFs on other cryptocurrencies, potentially accelerating the onset of an altseason.
Regulatory and Macroeconomic Developments
SEC Leadership Announcement: Tomorrow, information may emerge regarding the new chair of the U.S. Securities and Exchange Commission (SEC), a key financial regulator overseeing the crypto market. Under current chair Gary Gensler, the SEC has intensified crypto market regulation. The appointment of a crypto-friendly commissioner could boost market sentiment and further support the start of an altseason.
U.S. Labor Market Data: Labor market reports are set to be released this week, serving as a critical indicator for the Federal Reserve's monetary policy. A continuation of rate cuts by the Fed would likely bolster overall growth in the cryptocurrency market.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 12/04, 21:45 - Speech by Fed Chairman Jerome Powell.
➤ 12/06, 21:45 - US Unemployment Rate for November.
➤ 12/18, 21:00 - New Fed Interest Rate Decision.
➤ 12/18, 21:00 - US GDP (q/q) (Q3)
➤ 01/29/2025, 21:00 - New Fed Interest Rate Decision.
📈 Statistics of signals from our AI trading indicator:
In November, the price of Bitcoin was in an upward trend. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎
Total price movement by all signals: + 54.92%
Maximum price movement: + 42.10%
Average price movement: + 13.73%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
DXY 1 D - ANALYSIS 10 AUG 2024
Definition: Explain what the DXY (US Dollar Index) is and how it measures the value of the US dollar against a basket of major foreign currencies.
Importance: Highlight why the DXY is a crucial indicator for forex traders, investors, and economists.
2. Market Analysis
Current Trends: Present recent trends in the DXY, including historical data and recent movements.
Technical Analysis: Use charts and technical indicators to analyze patterns that suggest a potential decline in the DXY. Include tools like moving averages, RSI, MACD, and support/resistance levels.
3. Economic Indicators
Impact of Economic Data: Discuss how economic data (like GDP growth, employment figures, and inflation rates) affects the DXY.
Federal Reserve Policies: Explain how interest rate changes and monetary policy from the Federal Reserve influence the DXY.
4. Global Factors
Geopolitical Events: Examine how global geopolitical events, such as trade wars, political instability, or international conflicts, can impact the DXY.
Comparative Currencies: Compare the US dollar’s performance with other major currencies like the Euro, Yen, or Pound.
5. Risk Management
Risk Factors: Outline potential risks involved in selling the DXY, including unexpected economic announcements or geopolitical events.
Strategies: Offer strategies for managing risk when betting against the DXY, such as setting stop-loss orders and diversifying investments.
6. Case Studies
Historical Examples: Provide case studies or historical examples where selling the DXY proved profitable or unprofitable. Analyze these cases to offer insights into current market conditions.
7. Expert Opinions
Interviews: Feature insights from financial analysts, economists, or trading experts who can provide professional opinions on the DXY’s future.
Market Sentiment: Summarize current market sentiment and how it aligns with or contrasts against your position on selling the DXY.
8. Actionable Insights
Investment Strategies: Suggest specific trading strategies for those interested in selling the DXY, such as short selling, options trading, or futures contracts.
Tools and Resources: Recommend tools, platforms, or resources that traders can use to track DXY movements and execute trades.
9. Conclusion
Summary: Recap the key points discussed and reinforce why selling the DXY could be a profitable strategy.
Charts and Graphs: Use visual aids to illustrate trends, technical analyses, and economic impacts.
Infographics: Create infographics to simplify complex information and make it more accessible.
Videos/Webinars: Host video analyses or webinars to provide a dynamic and engaging way to discuss DXY selling strategies.
Moving Average, MACD, RSI: Which is No. 1 Indicator?Moving Average, MACD, RSI: Which is No. 1 Indicator?
When trading in the stock market, choosing the right technical indicators can make all the difference.
Among the most popular are the Moving Average (MA), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI).
Every one of them gives various insights: MA helps to identify trends, MACD is useful for identifying shifts in momentum, and RSI indicates overbought or oversold conditions.
However, which one is better? This article compares these three indicators, outlining their strengths and possible usage scenarios, so that you can pick out which tool complements your trading method.
What is the Moving Average?
A moving average is a tool used by market analysts and traders to understand the trend direction of a financial asset.
It works by averaging the asset's prices over a specific time period. This average is "moving" because it updates with each new price data point, incorporating only the most recent prices.
Stock analysts use the moving average to analyze support and resistance levels by observing the price movements of an asset relative to the average.
This reflects past price action and helps predict potential future price directions.
As a lagging indicator, the moving average follows the asset's price trends and provides signals or directional indications based on historical data.
What is MACD?
The Moving Average Convergence Divergence (MACD) is a widely used momentum indicator in technical analysis, created by Gerald Appel in the late 1970s.
It helps traders gauge momentum and trend strength by comparing two different time periods of historical price data.
MACD calculates a momentum oscillator by subtracting a longer-term moving average from a shorter-term one, known as "divergence." Typically, exponential moving averages (EMA) are chosen for their responsiveness in reflecting recent price changes.
This indicator is valuable for identifying shifts in market momentum and guiding trading decisions based on historical price movements.
What is RSI?
The Relative Strength Index (RSI), created by J. Welles Wilder, is a tool used to gauge the speed and magnitude of price changes in the market.
Typically calculated over a 14-day period, the RSI ranges from zero to 100. It offers immediate insights into buying and selling signals, helping determine if an asset is either overbought or oversold.
RSI values below 30 indicate potential buy opportunities, suggesting the asset may be undervalued.
Conversely, RSI readings above 70 suggest sell opportunities, indicating potential overvaluation. A reading of 50 indicates a balance between bullish and bearish sentiment or a neutral market stance.
Which Indicator is The Best?
The choice of indicator in technical analysis depends on a trader’s strategy, goals, and market conditions.
Each of the mentioned indicators - Moving Average (MA), Moving Average Convergence Divergence (MACD), and Relative Strength Index (RSI) - has its own strengths and applications.
For example, the Moving Average (MA) is a trend-following or lagging indicator because it is based on past prices.
It helps to smooth out price data by creating a constantly updated average price, which can be taken over different periods of time, like 20 days, 50 days, or 200 days.
It’s primarily used to identify trend direction, but can also be used to generate potential buy and sell signals.
Alternatively, the MACD is a momentum indicator that follows trends by comparing two moving averages of a security's price.
It generates technical signals to buy when it crosses above its signal line and to sell when it crosses below. This indicator is useful for identifying the beginning of new bullish or bearish trends.
Finally, RSI is a momentum oscillator that measures the speed and change of price movements. It is used to identify overbought or oversold conditions in a market, which can indicate potential reversals.
So basically, there’s no definitive “Best”. The best indicator often depends on your trading strategy and goals. Some traders might find MA most useful, while others might prefer MACD or RSI.
It’s often recommended to use a combination of indicators for the best results.
Conclusion
While each indicator—Moving Average, MACD, and RSI—has its strengths, there isn't a one-size-fits-all answer to which is best.
Successful trading often involves using a combination of indicators tailored to market conditions and individual trading styles.
Whether you prefer trend following, momentum trading, or timing market reversals, understanding how to effectively utilize these tools will enhance your ability to make informed trading decisions.
2025 MARKET CRASH?Many of the investors mistakenly believe that it is the best time to wait after the election results to buy shares.If PAPPU's party comes then the economy might not do good or if NaMo's party comes then the economy will boom...(JUST AN EXAMPLE...I AM NOT TARGETING ANY ONE HERE) People just believe that their favourite politician/party will take the economy ahead...Truth is totally different...No matter which party comes the year following the election is usually a disaster with very few as exceptions as in 2004.
1st year after the election ------BEAR MARKET/CRASH (2021)
2nd year after the election ------BEAR MARKET MAY CONTINUES TILL FIRST HALF the rest of YEAR 2 is bullish (2021)
3rd year after the election ------BEST YEAR AMONG THE 4 YEARS (2022)
4th year after the election ------CHOPPY ONE (1st half best and second half is little bearish (2023)
2024-ELECTIONS
2025-CRASH
Over the past 100 years this 4 year cycle is unfolding like as if a script is written by the politicians. lol
The year after the election is not good because whatever be the negatives immediately after the election and all the positives 2 years before the elections to get reelected and the markets behave the same way.
There are many historical datas which can be used to predict the way the markets might move based on the psycology of the humans which will never change like the price action patterns...months and days of a month where the market is most bullish/bearish like tue/wed are the most weakest days taking example for the past 1 year.
If you guys are interested in these kinds of historical data posts which might help in making good strategies for the market do let me know below in the comments
FOLLOW me for more such content ahead...TILL THEN
HAPPY TRADING :)
Insights(25Sep24):BankNifty Super Bullish 500+ pts upward move.Open: small gap up or at previous close. Supper Bullish Bias. Should retest previous Open, if broken could go further high. Should end in Green. Could be in the range as highlighted.
Note: I am experimenting with a Gen AI model which I trained on historical data. But still needs some fine tuning. Below are its prediction. Caution: Models Hallucinate sometimes...
Date: Wednesday 25-SEP-2024
Gap: Up 19.25
Open: 53998
High: 54576
Low: 53998
Close: 54490
Candle Color: Green
Confidence Score: 97.200%
Hallucination Score: 2.800%
(Inner voice): Hmm... back again without any data points. What's your analysis ?
(Me): Its just a probability... 1. Based on my historical data analysis I see a Bullish today.
(Inner voice): Can't trust your RenkoIndicator, it repaints and sometimes the signal just vanishes into thin air. hahaha...What if it just turns out to be a huge gap down and very Bearish?
(Me): Always look at the pre-market and take the final call. Also have strict SL.
(Inner voice):Hmm... lets say you are right this time... how do someone take an entry, exit and SL ?
(Me): What i do based on the pre market if it aligns with me I enter a buy with say 1 lot on open and may add additional lot if it tests and rejects previous close or open in this case. SL will be previous days Low and take profit 1 will be next resistance point as highlighted and so on.
(Inner voice): What if SL is too huge... and it turns against you ?
(Me): It depends and adjust based on if probability is high and have a strong conviction.
(Inner voice): Hmm...How do I trust you ?
(Me): Don't trust anyone blindly...Do your own research before jumping in... You are responsible for your trades and loss or profit. This is only my journal I am maintaining for my studies, research and educational purpose.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
I am not SEBI registered. This is not a financial, investment or trade advice. You are responsible for your trades. Its only for educational purpose.
Bitcoin Halving 2024: All What You Need To Know📈 Technical analysis BTC/USDT
Bitcoin is undergoing a local correction ahead of the halving, scheduled for April 20th. The price of BTC has already reached the 0.5 Fibonacci retracement level from the last upward impulse and is currently testing the dynamic support line EMA 50 4H. In case it doesn't withstand the pressure from sellers, we expect the price to move towards the nearest significant support block at 65,000 - 66,000, which is at the 0.78 Fibonacci level. Currently, the price is moving within the bounds of a symmetrical triangle. However, if it breaks below its lower boundary, the targets for this correction could be the Imbalance 4H zones (64,000 - 65,000) and Imbalance 1D (58,000 - 60,000), where it's necessary to fill gaps in horizontal volume trading levels.
For a resumption of the uptrend, the price needs to establish itself above the upper boundary of the forming triangle and overcome the significant resistance block at 73,000 - 75,000. In this case, the target for Bitcoin's pre-halving rally could be a test of the global trend line in the area of the significant resistance block at 80,000.
📉 Bitcoin market global analysis
Bitcoin is showing positive dynamics despite a decrease in the interest of large investors in spot Bitcoin ETFs and sales of coins by miners. The price of Bitcoin is entering the stage of a pre-halving bull rally. However, historically, Bitcoin halvings have been preceded by corrections. At the moment, we are considering two possible scenarios around the Bitcoin halving:
Updating the historical maximum before the halving in the range of 80,000 - 87,000, after which a deep correction is likely before the continuation of the bull rally. To realize this scenario, the price of Bitcoin needs to hold above the 70,000 level with a weekly candle. If Bitcoin can maintain its growth momentum until the halving, we may expect a global correction of the entire growth since 2023. Indeed, the halving could signal a sell-off based on the cryptocurrency reaching a local maximum.
A more significant correction now and updating the historical maximum after the halving, against the backdrop of changes in the Fed's policy and liquidity inflows into the markets.
Above the current ATH, we have no more resistance levels based on historical data. Therefore, to determine growth targets, we will use trend lines, Fibonacci extension levels, and analysis of accumulation of large order blocks in exchange order books.
We have a local upward trend line, which has been relevant since November 2023. Its test could occur at the 75,000 level, confirmed by a significant block of pending orders. Furthermore, in the range of 80,000 - 90,000, there is a global trend line built on the peaks of the two previous Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located there. The highest trend line is in the range of 1.61 - 1.78 Fibonacci levels, and its test could start from the 100,000 level.
💠 Analysis of zones and levels for making trading decisions
The Fear and Greed Index is in the extreme greed zone at 80.
The total market capitalization of the cryptocurrency market has decreased to 2,513 billion dollars, and the Bitcoin dominance index has risen to 54.15.
According to the analysis of the accumulation of large order blocks in exchange order books, demand and supply zones are located at the following levels:
🟢 Demand Zone: 60 000 - 66 000
🔴 Supply Zone: 73 000 - 80 000
Levels for long positions:
66,000: Retest of the local trendline support
60,000 - 62,000: Significant support block
55,000 - 58,000: Significant support block
Levels for short positions:
75,000: Significant resistance block
80,000 - 87,000: Test of the global trendline
100,000: Psychological resistance level
📊 Fundamental analysis
With just 11 days remaining until the highly anticipated event in the cryptocurrency market - the Bitcoin halving scheduled for April 20, 2024, anticipation is high. This event will halve the rate at which new BTC enters the market. Historically, the three previous Bitcoin halvings in 2012, 2016, and 2020 sparked cycles of cryptocurrency growth due to the formation of its deficit.
However, the latter half of April may prove to be highly unstable for Bitcoin due to the commencement of Quantitative Tightening (QT) by the US Federal Reserve, where the government reduces the amount of money in circulation. A true bullish market may only commence after May 1, when the Fed eases its QT measures and the US Treasury likely injects an additional $1 trillion, which should bolster market liquidity.
Interest from large investors in spot ETFs is waning. Weekly inflows have failed to return to the levels seen at the beginning of March. Meanwhile, trading volumes have decreased from an average of $43 billion to $17.4 billion.
Competition among miners has reached unprecedented levels. The Bitcoin network's hash rate has surged to approximately 600 EH/s compared to 116 EH/s since the last halving. This leap signifies that miners now require significantly more effort and resources to mine the same amount of BTC. At the same time, miners have begun actively selling the coins they mine. In late March, daily sales on over-the-counter platforms reached 1,600 bitcoins, marking the highest level since August 2023.
🌐 Upcoming Events in the Global Economy
The following dates are expected to bring increased volatility in both the stock and cryptocurrency markets:
➤ April 9th, 15:30 - US Consumer Price Index.
➤ April 20th - Bitcoin Halving.
➤ April 25th, 15:30 - US GDP Data for Q1.
➤ May 1st, 21:00 - New Federal Reserve Interest Rate Decision.
➤ June 12th, 21:00 - New Federal Reserve Interest Rate Decision.
📈 Statistics of signals from our AI trading indicator:
In March 2024, the price of BTC has updated its ATH amid expectations of halving and an influx of capital into spot Bitcoin ETFs. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements.
Total price movement by all signals: + 36.59%
Maximum price movement: + 16.90%
Average price movement: + 9.14%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
Insights(1Apr24):Bullish Bias, small gap up or @ Close GreenNSE:BANKNIFTY Bullish Bias, small gap up or at previous close. Green day.
Open: small gap up or at previous close. Supper Bullish Bias. Should retest previous Close, if broken could go further low. Should end in Green. Could be in previous range as highlighted. Should retest previous High if broken could see further high.
Note: I am experimenting with a Gen AI model which I trained on historical data. But still needs some fine tuning. Below are its prediction. Caution: Models Hallucinate sometimes...
{
'Day': 'Monday',
'Date': '1-APR-2024',
'Gap': 'Up',
'GapChange': '68.0',
'Candle': 'Green',
'Open': 47192,
'High': 47447.8,
'Low': 47089.6,
'Close': 47380.4
}
(Inner voice): Hmm... back again without any data points. What's your analysis ?
(Me): Its just a probability... 1. Based on my historical data analysis I see a Bullish today.
(Inner voice): Can't trust your RenkoIndicator, it repaints and sometimes the signal just vanishes into thin air. hahaha...What if it just turns out to be a huge gap down and very Bearish?
(Me): Always look at the pre-market and take the final call. Also have strict SL.
(Inner voice):Hmm... lets say you are right this time... how do someone take an entry, exit and SL ?
(Me): What i do based on the pre market if it aligns with me I enter a buy with say 1 lot on open and may add additional lot if it tests and rejects previous close or open in this case. SL will be previous days Low and take profit 1 will be next resistance point as highlighted and so on.
(Inner voice): What if SL is too huge... and it turns against you ?
(Me): It depends and adjust based on if probability is high and have a strong conviction.
(Inner voice): Hmm...How do I trust you ?
(Me): Don't trust anyone blindly...Do your own research before jumping in... You are responsible for your trades and loss or profit. This is only my journal I am maintaining for my studies, research and educational purpose.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
I am not SEBI registered. This is not a financial, investment or trade advice. You are responsible for your trades. Its only for educational purpose.
Cv
To implement a volume breakout strategy for the first 5 minutes candle, you can follow these general steps:
Collect Data:
Obtain the historical data for the stock, specifically the volume and price data for each candle.
Calculate 5-Day Average Volume:
Compute the average volume for the past five days to establish a baseline.
Analyze First 5 Minutes Candle:
Monitor the volume and price action during the first 5 minutes of the trading day.
Identify Breakout Criteria:
Define your breakout criteria. For example, consider a breakout if the volume of the first 5 minutes candle is, say, 150% higher than the 5-day average volume.
Execute Strategy:
If the volume breakout criteria are met, you might consider taking a position. However, it's crucial to also analyze other factors such as overall market conditions, news, and technical indicators.
Risk Management:
Implement risk management strategies to protect your investment, such as setting stop-loss orders.
Remember, this is a simplified overview, and actual trading involves various complexities and risks. Always use caution, consider transaction costs, and be aware of market conditions. It's advisable to thoroughly backtest any strategy and possibly consult with a financial professional.
NIFTY 50 - History Repeating Itself !!!Last Night, I came with the idea of comparing Nifty 50 movement after 2008 crisis with the present scenario. I took a slice of Nifty 50 from 9-March-2009 and put that slice corresponding to the date 18-May-2020 i.e. the date when Nifty started recovering for both the dates.
I was amazed to see that the two patterns are almost similar. I took the weekly historical data and found out the correlation between the 2 sets. The correlation is as high as 87.5% .
The next step was to run a regression to predict the Nifty values using the old data. Again I found out that 76% of the current Nifty data was easily explained by the old Nifty 50 data.
So, Is Nifty 50 repeating history? .
One can only find this by going into the future. Let's wait and see how the pattern evolves in the coming days.
Note: The above are explicitly mine and not at all suggest any forecast of the future.
Bitcoin (BTC) technical and fundamental analysis📈 Technical analysis BTC/USDT
The price of Bitcoin is returning to growth amid positive macroeconomic data from the US and a new wave of institutional investor interest in spot Bitcoin ETFs. Currently, the BTC price is moving within a narrow range (65,000 - 72,000), and a breakout from this range will determine the direction of its future movement. At the moment, there is a fourth retest of the descending trendline resistance.
To continue the upward movement, the price needs to secure itself above the trendline resistance and overcome the major resistance block at 72,000 - 73,000. This would open the path to a new all-time high in the range of 75,000 - 80,000. Such a positive scenario could unfold between June 7 and June 12, provided that positive inflation data from the US continues to be released.
However, the RSI indicator is showing a bearish divergence. If buyers fail to push the BTC price above the trendline and it falls below the dynamic support line at EMA 50 4H, we can expect a local correction. The nearest target for this correction could be the major support block at 65,000 - 68,000, which also contains the point of control (POC) for the value area. If this level does not hold against selling pressure, the BTC price may drop into the Imbalance 1H zone to fill the gaps at the horizontal volume levels.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price has formed a descending wedge pattern. Currently, a retest of its upper boundary is taking place. If buyers manage to secure the price above this boundary, combined with fundamental factors such as a rate cut by the Federal Reserve, it could lead to a new bullish rally, as seen in previous cycles post-halving. Conversely, if the BTC price fails to break out of the wedge pattern, we expect a decline to retest its lower boundary around the 55,000 - 60,000 Imbalance 4H zone.
Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and analysis of large order clusters in exchange order books. There is a local ascending trendline that has been relevant since November 2023. Its test may occur at the 75,000 - 76,000 level, confirmed by a large block of pending orders. Above this, in the 80,000 - 90,000 range, there is a global trendline built on the peaks of the previous two Bitcoin cycles. There is also the 1.38 Fibonacci extension level. The highest trendline is located in the 1.61 - 1.78 Fibonacci extension range, with its test potentially starting at the 100,000 level.
💠 Analysis of liquidity zones and levels
Fear and Greed Index is currently in the extreme greed zone - 78.
The total cryptocurrency market capitalization has risen to $2.576 trillion, and Bitcoin's dominance index has risen to 54.58%.
According to the analysis of accumulation of large order blocks in exchange order books, the demand and supply zones are located at the following levels:
🟢 Demand Zone: 60,000 - 68,000
🔴 Supply Zone: 72,000 - 80,000
Levels for long positions:
68,000 - Point of Control (POC) of the value area
65,000 - Major support block
60,000 - Psychological support level
Levels for short positions:
72,000 - Retest of the trendline resistance
75,000 - Major resistance block
80,000 - Major resistance block
90,000 - Global trendline
📊 Fundamental analysis
Institutional interest in spot BTC ETFs has surged again, with an influx of +$1.374 billion into these instruments over the past two days. The crypto community is anticipating a Bitcoin bull rally, which could be sparked by a change in the US Federal Reserve's monetary policy. On June 4, labor market data began to be released, indicating a slowing US economy. When the economy slows, inflation decreases, and lower inflation is a key factor for the resumption of money printing and the growth of high-risk markets, including the cryptocurrency market.
The stock market has already reached new all-time highs in anticipation of positive inflation data on June 12 and in light of recent macroeconomic data from the US. However, there are still 4 days left to resolve the issue of the US Treasury redeeming over $10 trillion in government bonds by June 9.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ June 6th, 3:30 PM - US Initial Jobless Claims.
➤ June 12th, 3:30 PM - US Consumer Price Index (CPI).
➤ June 12th, 9:00 PM - New Decision on Federal Reserve Interest Rates.
➤ July 31st, 9:00 PM - New Decision on Federal Reserve Interest Rates.
📈 Statistics of signals from our AI trading indicator:
In May 2024, the cryptocurrency market began to recover after correction. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 6 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements.
Total price movement by all signals: + 31.16%
Maximum price movement: + 14.86%
Average price movement: + 5.19%
Eros International Media:221 watch for accumulation Data (Study)Watch Erosmedia' 221, on break above 240 , it can make 254 & 300
while a turn down from resistance can bring it down to 180 again.
This is a volume based finding and it seems to be like accumulation phase.
To see the Security-wise Price Volume & deliverable position Data, open NSEINDIA web site.
Go to NSE >> Product>>Equities>> Historical Data>>Security-wise Price Volume Archives
will open a page subtitled Security-wise Archives (Equities)
Enter the Scrip code.... select a period one one or two months to see the details of trading volume.
Here I selected only 6 days to find the following data.
EROSMEDIA' EQ' 12-Jul-2017 211.80 213.40 215.20 208.30 211.60 212.20 211.06 6,81,822 14,39,07,981.25 11,460 3,85,330 56.51
EROSMEDIA' EQ' 13-Jul-2017 212.20 213.30 215.85 209.75 211.65 211.60 212.83 4,72,073 10,04,71,508.00 6,7572,20,735 46.76
EROSMEDIA' EQ' 14-Jul-2017 211.60 212.20 219.20 209.00 214.80 215.30 211.68 24,09,060 50,99,60,477.35 16,089 17,75,893 73.72
EROSMEDIA' EQ' 17-Jul-2017 215.30 217.40 224.60 215.15 218.50 218.85 220.58 12,46,063 27,48,59,196.75 14,509 6,53,062 52.41
EROSMEDIA' EQ' 18-Jul-2017 218.85 218.90 221.00 211.00 217.00 216.10 216.43 18,05,536 39,07,73,248.95 10,029 13,77,451 76.29
EROSMEDIA' EQ' 19-Jul-2017 216.10 220.00 225.80 218.00 221.95 221.65 222.14 15,70,218 34,88,15,583.05 17,170 9,81,705 62.52
The bold numbers are the Deliverable quantity of that days. please go through this and learn about the volume and Delivery details of the stocks we are planning for trading or investing. Will help you in a better way to an Entry and Exit Both. Take care.
My last working Day before a vacation. see you all.
SBI Card Support & Resistance 4 hour frame SBI Card (State Bank of India's credit card division) is a popular credit card issuer in India. Here are some key support and resistance levels for SBI Card's stock (SBIcard) based on historical data:
Long-term Support and Resistance Levels:
Support: ₹280-290
Resistance: ₹310-320
Short-term Support and Resistance Levels:
Support: ₹295-300
Resistance: ₹305-310
Recent Breakout and Support Levels:
Recent Breakout: ₹300-305 (SBI Card's stock has broken out above this level, indicating a potential uptrend)
Support: ₹295-298 (This level has acted as a support zone for the stock in recent times)
Fibonacci Retracement Levels:
23.6% Fibonacci Level: ₹285-290
38.2% Fibonacci Level: ₹270-275
50% Fibonacci Level: ₹260-265
61.8% Fibonacci Level: ₹250-255
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT
The price of Bitcoin continues to fall and has remained below the EMA 200 and EMA 50 moving averages for over a week. A hidden bearish divergence is forming on the RSI indicator. If the support level at $56,000 fails to hold against selling pressure, we expect a move into the Imbalance 1H zone, where the gaps on the horizontal volume levels need to be filled through trading. In the range of $50,000 - $52,000, we anticipate the correction to conclude and the trend to reverse. Otherwise, the price may head into the next Imbalance 4H zone, where it could experience a deep freefall, potentially leading to a retest of the global upward trend line. This is due to the lack of significant resistance blocks and large gaps on the horizontal volume levels in this area.
For the price to resume its upward movement, BTC needs to break above the dynamic resistance line of the EMA 200 and secure a position above the ascending trend line. This would pave the way for a retest of the $65,000 resistance level and further movement towards the global trend line and the major resistance block at $70,000 - $75,000.
📉 Bitcoin market global analysis
On the daily logarithmic chart, Bitcoin's price continues to move within a broadening wedge pattern. Currently, the price is approaching a retest of the 200-day moving average, and the outcome of this retest will determine its future direction. Globally, the descending wedge is considered a bullish corrective pattern. However, before breaking out upwards and resuming its growth, BTC may test the lower boundary of the wedge near the 0.61-0.78 Fibonacci retracement levels, where the global support trendline is also located. Such a scenario would present a good opportunity to accumulate long-term positions before the final rally of this Bitcoin cycle.
Above the current ATH, there are no resistance levels based on historical data. Therefore, to set growth targets, we will use trendlines, Fibonacci extension levels, and an analysis of large order blocks in order books. The first 1.23 Fibonacci extension level is located at $80,000. In the $90,000 - $100,000 range, there is a global trendline built on the peaks of the two previous Bitcoin cycles, along with the 1.38 Fibonacci extension level. The highest trendline is in the range of the 1.61 - 1.78 Fibonacci extension levels, with its test potentially starting at the $100,000 level.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index is in the fear zone - 27.
The total capitalization of the cryptocurrency market fell to $1993 billion, and the Bitcoin Dominance Index rose to 57.54.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 50,000 and 70,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 50,000 - 56,000
🔴 Supply zone: 68,000 - 80,000
Levels for long positions:
55,000 - large support block
52,000 - large support block
50,000 - psychological support level
Levels for short positions:
60,000 - EMA 200 retest
65,000 - large resistance block
70,000 - large resistance block
80,000 - large resistance block
📊 Fundamental analysis
In September, the cryptocurrency market is facing significant uncertainty. There has been a continued outflow from spot Bitcoin ETFs. Last week alone, $305 million was withdrawn from cryptocurrency-based investment products, and on the last trading day, ETFs collectively lost $287.7 million, marking the third-largest daily outflow.
Bitcoin historically tends to decline in September, with BTC consistently showing negative performance during this month. Since 2013, its price has dropped by an average of 4.78% in September. Analysts have also noted a decrease in stablecoin inflows, indicating that market participants are expecting further price declines. However, if history repeats itself, BTC could see significant growth starting in October, as large players are already increasing their positions and withdrawing Bitcoin from exchanges.
Major Wall Street indices ended Tuesday's trading session with losses, driven by negative trends in the technology, commodities, and oil and gas sectors. Looking ahead, the U.S. economic calendar is packed with important events, including the upcoming presidential elections. Experts predict that cryptocurrencies will become increasingly sensitive to developments surrounding potential changes in U.S. monetary policy. The Federal Reserve is set to make a decision on the key interest rate on September 18. Previously, Fed Chairman Jerome Powell indicated a likely reduction in the key interest rate, boosting investor optimism.
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 09/06, 15:30 - US unemployment data for August.
➤ 09/11, 15:30 - US consumer inflation index (CPI) for August.
➤ 09/18, 21:00 - New Fed interest rate decision.
➤ 11/05, 00:00 - US presidential election.
➤ 11/07, 21:00 - New Fed interest rate decision.
📈 Statistics of signals from our AI trading indicator:
In August, the Bitcoin price continued falling, and then the market began to slowly recover. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 11 signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements.
- Total price movement by all signals: + 70.73%
- Maximum price movement: + 22.81%
- Average price movement: + 6.43%
NIFTY: ANALYSISWe can observe on the monthly chart that market is moving up in waves.
There are up waves and there are down waves. Up waves are larger than down waves, so it is an uptrend.
It can also be seen that after every up wave there is a correction of the order of 40% to 50%
Based upon this historical data, we can expect a correction of this magnitude in the current down wave which started Oct 2021
Potential Targets could be
40% correction - 14167
50% correction - 13060
On the lower chart you can observe that RSI went near 30 during major corrections and near 40 during minor corrections. Assuming that the current correction is just a minor correction, I would expect RSI near 40 when the market hits 13000-14000 targets. That could be good level and time to start investing in the market.
The RSI scenario on the weekly chart would be 30 during minor corrections and 20 during major corrections.
Above targets are based upon the historical data. There is no perfect way to predict market tops and bottoms but buying low has always been a good strategy for quick returns through investment.
Do like, share and comment for more such ideas in the coming days
Regards
Bitcoin (BTC): technical and fundamental analysis📈 Technical analysis BTC/USDT
The Bitcoin price has reached a new all-time high (ATH) following Donald Trump's victory in the U.S. presidential election. This price movement has fully validated the scenario outlined in our previous analysis. Now we expect a correction of the latest growth wave in the near future. Key targets for this correction could initially be the dynamic support levels at EMA 50 and EMA 200. The first 1H Imbalance zone is near EMA 50, where gaps on the horizontal volume levels need to be filled through trading consolidations. If sellers manage to push through the 70,000 support level, where the EMA 200 line also lies, we anticipate the start of a full correction of the November growth. In this scenario, the price may drop to the next 4H Imbalance zone, situated between the 0.61 and 0.78 Fibonacci retracement levels, where corrections typically conclude and a reversal occurs.
For BTC to continue its upward trend, it needs to surpass the 77,000 level, which would open the path for a test of the significant resistance block at 80,000.
📉 Bitcoin market global analysis
On the daily logarithmic chart, it’s crucial for Bitcoin’s price to hold above the 70,000 level with a weekly close to support continued growth. Otherwise, BTC may face a correction. This is further indicated by the beginning of a divergence on the RSI indicator, which has been in the extreme overbought zone for an extended period.
What are Bitcoin’s long-term growth targets?
Above the current ATH, there are no resistance levels based on historical data. To determine growth targets, we’ll rely on trend lines, Fibonacci extension levels, analysis of large order block clusters in order books, and, of course, indicators.
According to the MVRV Deviation Pricing Bands indicator, the next target for Bitcoin is 85,000, where the first Fibonacci extension level of 1.23 is also located. In the 90,000 - 100,000 range lies a global trend line constructed from the peaks of Bitcoin’s previous two cycles, aligning with the 1.38 Fibonacci extension level. The highest trend line, situated between the 1.61 and 1.78 Fibonacci levels, could be tested starting from the 100,000 level.
💠 Analysis of liquidity zones and levels
The Fear and Greed Index is in the Greed Zone - 75.
The total capitalization of the cryptocurrency market has grown to $2,531 billion, and the Bitcoin Dominance Index has increased to 59.73.
According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 77,000 and 80,000, and the supply and demand zones are located at the following levels:
🟢 Demand zone: 50,000 - 70,000
🔴 Supply zone: 80,000 - 90,000
Levels for long positions:
70,000 - psychological support level
65,000 - large support block
60,000 - large support block
Levels for short positions:
77,000 - large resistance block
80,000 - largest resistance block
90,000 - 100,000 - ascending trend line of resistance
📊 Fundamental analysis
Bitcoin-Based Spot ETFs Set a New Record. On November 7th, Bitcoin (BTC) spot ETFs reached a new milestone, attracting $1.38 billion in a single day—the largest daily inflow since their launch in January. This record-breaking inflow was fueled by Donald Trump's victory in the U.S. presidential election, as many investors believe his re-election will positively impact the crypto industry. Another factor driving Bitcoin’s growth was the recent decision by the U.S. Federal Reserve (Fed), which lowered the key interest rate by 25 basis points during its latest meeting.
What Changes Are Expected in the Crypto Community After Donald Trump's Victory:
- Bitcoin could become one of the strategic reserve assets of the U.S.;
- Token classification systems may change, with most cryptocurrencies likely to be considered commodities rather than securities;
- Crypto investors might enter the market more actively;
- Banks could gain more freedom to provide services to crypto startups and interact openly with the crypto industry;
- Spot exchange-traded funds (ETFs) based on Solana (SOL).
🌐 Upcoming Events in the Global Economy
We expect increased volatility in both stock and cryptocurrency markets on the following dates:
➤ 11/13, 4:30 PM - US Consumer Price Index (CPI) for October.
➤ 11/14, 11:00 PM - Fed Chairman Jerome Powell's speech.
➤ 11/27, 4:30 PM - GDP data (q/q) (Q3).
➤ 12/18, 9:00 PM - New Fed interest rate decision.
➤ 01/29/2025, 9:00 PM - New Fed interest rate decision.
📈 Statistics of signals from our AI trading indicator:
In October 2024, the Bitcoin price continued to recover its positions, thanks to positive expectations from the US elections and further reduction in the key interest rate of the Fed.
Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎
Total price movement by all signals: + 41.89%
Maximum price movement: + 13.77%
Average price movement: + 7.58%
In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
