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Bitcoin Good to buy Bitcoin. It's at consolidation level. If it holds 40-45k Level in the next weeks, then we can expect it to shoot around 60-75k by next March In near future, this might breakdown following the Head & Shoulder pattern. If it breaks this level, the next consolidation zone will be 30k. SO be ready with your deposits in crypto exchanges & buy on dips. The current dip is due to 1. Tesla's declaration that it won't accept bitcoin 2. The partial profit booking by people But we can continue to buy on dips
BITSTAMP:BTCUSDLong
by aditya_biswas
1
#BTC- At a very crucial level, RSI confirming a recovery #BTC #rank-1 We are very well aware that BTC crashed pretty hardly after the news that TESLA will not accept BTC as a payment. I wan't to make one thing very clear that this news dosen't decide the future of BTC. Market will recover soon. We are still in the Bull market. So there is no need for panicking. So, let's head toward the technical analysis. Right now BTC is holding at support level of $42k, which earlier was a resistance level, so this level is a crucial one. BTC respected this support level and closed above it. And candle sticks are trying to make bullish Harami pattern(this is a bullish pattern ) which suggest an upward movement in the chart. We can also see in RSI that BTC successfully bounced from the support level of RSI(29.86), which also indicates a potential move upwards. :-) Thank you.
by CryptoAnsh
BTCUSD ideaMarket Analysis: As BTC rejected the support line at 48.5K twice in the last week, the downtrend of BTC continues. Though volatility is low after a sudden drop recently after Tesla’s refusal to accept BTC as a payment method. What does the future look like: 1. BTC after rejecting the 48.5K is moving through another downward wedge with a support line at 42K, if BTC doesn’t cross over this wedge and continues its trajectory and ends up below the support line, the prices can drop up to a new low of 30K. 2. RSI is below 50 and is following a downward trend for the past 2 weeks. If the RSI continues to follow this trend line then there will be a huge drop in price so it needs to break through this line in the next couple of days to see any bullish trend. 3. MACD is also below the 0 mark indicating a bullish trend but due to few recent green candles, it looks like it may move above 0. 4. EMA is also moving in a downtrend and has moved above the price though the difference can be seen to be closing nothing can be said about it with certainty. According to the following analysis, we can say that BTC may move in a bearish trend until it sees a major trend reversal and goes above the trend and maintains its position.
BITSTAMP:BTCUSDShort
by traderanalysis
Bitcoin Has a Good Head on Its ShouldersIn a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies. Nothing? Not quite. Bitcoin has so far shown great resilience, foiling any negative news. I remain strictly bullish above the pivot area of ​​43000. The bearish head and shoulders pattern has not yet been validated, but it nevertheless invites us to be cautious. I thus reduced the size of my positions in order to minimize the risk. If the pivot area and the pattern's neckline are crossed, I will go neutral by buying supports and selling resistances. I will not hesitate to buy a possible rebound on the support area of 30000/28000, which corresponds to the objective of the head and shoulders pattern. Under this zone I will place a stop order below which I will become strictly bearish. Of course, this is only my opinion ;)
COINBASE:BTCUSDLong
by chrysalexandre



MATIC Retraces From ATH as Crypto Sells Off-MATIC fell -23% from high as Tesla reverts BTC support -Major support comes in at $0.925 -MACD signaling more downside may come MATIC has had an awesome last month as price rose over 300%. MATIC hit an ATH of $1.22 but shortly after fell as the entire market took a hit. MATIC has risen drastically and now may be the time to be concerned of large potential retracement. The large bold trends represent a broadening wedge that has formed over the last week. The pattern can be either bullish or bearish as a breakout of either trend will produce a large parabolic move. As seen on the chart, MATIC just has a rejection on its top trend line. If price can’t hold minor support of $1.02, expect a pullback to major support of $0.92. During the fast decline price bounced perfectly off the 30MA. This level is met with major support of $0.92 and if these levels break down, expect a retracement to $0.84. In the case bulls gain more strength, the level to break and hold is $1.17. While looking at the MACD we can see a bearish cross is impending. The histogram confirms this as its about to tick red after a long bull streak. The stochastic is heading down nearing the 50 level. If this fails to hold we can confirm more retracement is ahead. 
 MATIC intraday levels Spot rate: $$1.03 Trend: Bullish Volatility: High 
Support: $1.02 Resistance: $1.17
M
by CoinGape
Facebook - One of the most undervalued stock in USFrom a long term perspective the stock is overvalued. The stock hasn't realized the potential of ecommerce business & the potential that the platform has in creating an ecosystem for the digital world. Tesla is what Facebook should be but the hype in the streets always churns out the dirt creating an illusion of value. The real value/(money) is always silent, backstage working at doing something more valuable disrupting the world. This perspective is purely based on the real value that lies in the potential of Facebook, be it there great hostile takeovers (like Instagram, WhatsApp) or creating a global platform for providing business opportunities.
NASDAQ:METALong
by Sarthak_Singh
BTC FOMO ZONE - THANKS TO ELON MUSK8th Feb - Tesla announces investment in BTC. BTC shoots up almost instantly. Added VPVR (Volume Profile Indicator) shows the gap up zone has very low traded volume across a huge range. This was due to a lot of panic & FOMO buying after the news announcement. The week leading up to that saw continuous ATH for BTC and subsequently a correction of price just about back to the FOMO zone (40 - 42K BTCUSD). Will it take support here? Until then #HODL
BITSTAMP:BTCUSDLong
by jashjacob
$BTC BIG PICTUREThanks to the parabolic nature of bitcoin, we will use the log chart in order to correctly visualize the cycles. First, a short story: I've seen this pattern drawn back in 2017 , and I was in denial . Not because I thought bitcoin was a dead asset. It was because I had bought bitcoin at $15k, $11k, $7k, $5k - on the way down , not up. So you can imagine my mindset at the time - naïve, new to trading, and I had no idea what I was getting myself in to. My denial was drawn from the fact that everywhere I looked, it was " up only ", " buy the dip " etc etc. My smooth brain at the time thought the drop from $20k to $5k was enough to propel us back up to $20k, where I would sell my bitcoin and make a cool 3x from my average buy price. As we dropped below $5k and a certain country banned cryptocurrency trading, my heart sunk. Moved everything to cold-storage and only looked for sources of hopium wherever I could find it. Several trendlines that should have held, all broken. Elliot wave analyses breaking down. You can even see a post I made on "Bitcoin's death" dropping down to $3k. I was genuinely afraid that it might go to $0 . Why? Because wherever you look during a crash like that, it's all bad news. And any good news you might see, gets beaten down. Despite my fear, I didn't have anywhere near my entire net-worth invested in this, so mentally I was okay with losing all my money - as you should be - since it's all so speculative. At this point, we're in mid-2018, and bitcoin makes it's way up to $9-10k, giving you the hope that we're on for another bull run. If you actually zoomed out at the time, it was clear that we were not done yet. I see a chart similar to the one in this post, and I think "we have already crashed to $3k in a matter of months, if we were to follow this chart, we are going down to $2-$2.5k". You have to remember, our brains are not configured to zoom out and comprehend the big picture. If it was, you would not see such volatility like you do in this market. Fast-forward to December 2020, and we have crossed the 2017 highs of $20k and sitting comfy at $30k+. If you go back and visit the chart, you will see it's all programmed . 2018-2020 Bear Market breakdown: The top of the 2017 bull-run coincides with the top of the log channel PA riding the mid-line of the channel from June-October 2018 until it breaks down Breaks down to $3k towards January 2019, making you think we will touch the bottom of the channel A drive back up to $14k, tops out at the midline of the channel The final breakdown to $4k to touch eh bottom of the channel, there-by completing the bear market. The market is designed to BREAK you. It will do it's best to make you lose. Nobody is giving out free money. This is something you must always remember. Once you understand this, you can conquer greed and truly realize your place in this market. The PA from Jun-Oct 2018: designed to mess with you. Make you believe that you are riding the middle. The good news piles on, "Bear market ended?", "up only" posts begin. This is where you begin to convince yourself that the bear market is done, and the price market may actually be starting to pick up again. You don't want to miss out on the gains, right? Not again, surely? REKT . We are dropping down to $3k bud. How do you feel now? Ah yes, the classic: "This is going $2k". Why? Because you convince yourself with all the charts, that you are hitting the bottom of the channel; or you have seen "bitcoin to zero" etc. Also, please remember that at this time, The Tether FUD was peaking hard. People were genuinely worried about whether Tether was a scam. Funny enough, they were also exceptionally quiet until recently - conspiracy theory for another day. So you don't buy bitcoin at $3k, obviously. Despite the number of times you told yourself when it was $20k, "man, I wish I bought bitcoin at $3k / $5k ...." Anyway, I'm sure you get my point, and I don't need to breakdown every bit of the cycle in detail. 2020-Mid-term Future: As of today, bitcoin has tested the midline of the log channel, retraced and flipped it into a support (many thanks to TESLA, we may have seen a huge resistance at the midline - potentially starting another bear market). There is still scope for a retest of the midline of the log channel, which will only make me more bullish. Here's the weekly chart: Now that I have presented to you what I believe are FACTS, what's your take on this? Do you think we will fulfill the channel? What is the top? Is there a top? On a MACRO level, there really is no top, in my opinion. The market however, moves in waves / bursts. Of course, this is all relying on the fact that there is some fundamental value to this ponzi - which I think we are way past the point of questioning. Zoom out.
BITFINEX:BTCUSDLong
by crypto-rip
Long story behind ‘shorts’Look at highlighted ellipse on Daily Nifty chart- all red candles, starting from 21st January till the end of this week on 29th January. What happened? On Thursday (i.e. 21st Jan), people thought expiry pressures on weekly settlement day. On Friday however, learned experts too didn’t have any plausible explanation. On Monday came the news around noon that on last Wednesday ( i.e. on 23rd January) our army had minor scuffle with chinese soldiers at same spot near Galwan valley where earlier skirmish had taken place few months back. And then experts thought that may be some institutions got the wind of it and hence they sold off as generally happens. So before we went into 26th January holiday it was felt that now news behind sell off is out so markets may rebound on Wednesday. To support this theory were figures from other Asian markets which traded in green throughout their trading sessions. On that day (25th January), FII and DII Cash (Equity) figures were as given below: FIIs (in Crores) : +1614 (21/01); -635 (22/01);-765 (25/01) DIIs (in Crores): -1039 (21/01); -1290 (22/01); -387 (25/01) On 27th January however, Nifty fell again with massive loss of 271 points breaching the crucial psychological support of 14000 at close. Now what happened? And FIIs sold ( net selling) massively (-1688 Crs) with DII figures were mere -3.38 Crs ( net sold only 3.38 crs). Again two theories started doing rounds- monthly expiry and some pre budget selling. On 28th January, expiry day,Thursday, Nifty fell again. This time, FII and DII figures were: FIIs (Net sold) : -3712 Crs and DIIs (Net bought): +1737 Crs So we see that, DIIs bought hugely after a long long time and FIIs sold massively again after a long time and a new story came around- Gamestop saga. Though this Gamestop story had raised its head on Wednesday (since on Tuesday night in US markets it was traded in record volumes, even more than FANG stocks and Tesla, and in process creating losses to the tune of around $12 billion to hedge funds) it was not felt that this could be the reason for consistent FII sell-off. On 29th, expiry over, markets opened gap- up and it was assumed that all is well now and sell off period is over. But later in day sell off started and at close Nifty was 183 points down at 13,634 and in the evening FII and DII figures were: FIIs (Net sold) : -5931 Crs and DIIs (Net bought): +2443 Crs Highest FII net sell off figures for single day since April, I think. And it was agreed that Gamestop losses had triggered a lot of margin calls and this has prompted FIIs to square off their positions in some profit markets and recover funds. My two bit theory (even though I neither qualify as expert nor a greatly experienced trader) is- This is pre budget sell-off. No? When it is possible to have a pre-budget rally why is it not possible to have a pre-budget profit booking? Earlier the precedent was that till budget markets would rise before budget, albeit marginally on some days, and then book profits on budget day and on subsequent days too if it was a lacklustre budget. This time there is a difference- Covid reality! Every economy is in deep trouble. Governments are moving heaven and earth to raise money from any and every resource. India too is no different. Now we all know that there was a huge discrepancy between stock market and economic reality. Millions of jobs lost, lakhs of businesses closed, many families lost livelihoods but stock market created records everyday. Govt could not give any real stimulus because it doesn’t have any means which means that it will try every trick to raise funds. But what it can do? Can it raise taxes? Absolute NO ( people will cry foul, opposition, whatever is left of it, will create ruckus). Can it privatise few profit making PSUs? Well govt is trying since ages and it is not happening! So what are the other solid avenues? Frankly not many and not substantial capital can be raised through those. Realising this predicament, FIIs started booking profits. I think so and I could be wrong. If I am right, after budget, FII sell off will stop or figures will come down a lot within 1-2 sessions. So despite better than average results by a lot of companies, their valuations are seen considerably high and hence the sell –off. So for us retail traders, there is this advice (if I am allowed to call it that) – stay away on budget day till the end of the day. Let the entire story unfold. See the FII, DII figures in the evening, check option chain, listen to budget gurus and then enter market cautiously on 2nd Feb.
NSE:NIFTY
by protrader1969
5
Nifty levels for Upcoming sessionNifty levels for Upcoming session 2H chart used for analysis *Chart Pattern & Trend* Head and Shoulders pattern was formed ,& last session was W/expiry so we have seen moves also toward the trend. Now trend line is touching at resistance 11427 which is important level & if trend line breakout then we can see the level of 11493.If breakdown the level of 11388 then we can see the level of 11305. *PE* 33.26 (16-Sep-20) was more than 33.18 01-Oct-20, Last Days Average PE is 32.53 & LAST 14 Highest Average PE is 32.9, As per Historical analysis still little bit space to move in remain trend then we can see little bit correction. *RSI* 1 HRS-69 , 2 HRS-67 , Daily-55 , Weekly-58 , Monthly-50 , As per Historical analysis still little bit space to move in remain trend then we can see little bit correction. *FII & DII Activity* FII- Buy Value:4708 Crores Sell Value:3075 Crores Net Value: 1633 Crores DII- Buy Value:3277 Crores Sell Value: 3017 Crores Total Value:260 Crores *News* Positive news Bank Loan Moratorium- Central gov decision to waive intrest on intrest could cost 7000 crore. Negative News USA Market has encash the trump family covid-19 news ,Tesla sell news.This news may impact to our indian market also. *Trading Range* 11388-11493 is the Trading Range for upcoming session. *Call PUT OI Buildup (Weekly Expiry 08 Oct 2020) Put OI is Active as Support at level 11300/11200 & Call OI is Active as Resistance at level 11500/11600 *Dollar Index* 93.907 +0.145 +0.15%
NSE:NIFTY
by KrishnaSoni