BTC IMMINENT CRASH! 70K TOP / FINDING ITS SUPPORT @ 52K TO 50KNO ONE CAN GO PARABOLIC, NEITHER ELON MUSK NOR BITCOIN BIG DADDY CAN GO UP WITHOUT HAVING A STRONG LEG DOWN - PERIOD.
BTC GONNA CRASH @ 70K / SUPPORT @ 21W EMA / 50K TO 52K / SHORT @ 70k
REASONS / INDIAN ELITE BTC SNIPER v4.0 / IN MY HUMBLE OPINION
1. BULLISH TREND - RISING WEDGE PATTERN indicating TREND REVERSAL in the mid term (as the same MAY 2021 Crash)
2. HEAD AND SHOULDERS PATTERN - formation of head and shoulders pattern
3. WYCKOFF DISTRIBUTION PATTERN / As the same Feb 21 - May 21
4. ABC correction wave Imminent / finding its support @ golden 0.618 fib around 50k -52k
5. 21 Week EMA @ 51530 at the time of publishing.
6. LONG @ 50 - 52K TILL 135K, THEN EXIT THE MARKET
PROS OF BTC CRASH
1. HEALTHY CRASH FLUSHING OUT OVER LEVERAGED PLAYERS (>3X)
2. EXTREMELY BULLISH , AS SOON AS THE CRASH HAPPENS, CONSOLIDATION FOR 15 TO 25 DAYS ( JAN 2022), THEN BTC GONNA GO PARABOLIC TO 135K, FINISHING THE CYCLE AROUND 150 K @ MAR 15/22.
3. THIS MARKET CYCLE ISN'T OVER WITHOUT BTC CROSSING 100K -PERIOD.
4. THANKS TO BENJAMIN COWEN @ CRYTPOVERSE FOR HELPING ME GAIN SO MUCH KNOWLEDGE.
THANK THE GOD / ALL GLORY GOES TO HIM. THANK YOU.
Short
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range.
This may be a nice bounce since we're seeing a nice a wick from the bottom.
Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade).
But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower)
The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price.
If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
Breakout of the Triangle When looking at the current BTC price you can see it broke down out of the symmetrical triangle and also broke the horizontal support.
We also got a 4 hour close out of the triangle, so I'd say we have a confirmed breakdown. I closed all of my long positions earlier today but I still don't know yet if I should short or not, since we were in a heavy uptrend. The RSI is heading a little bit lower and the VPVR shows a gap in the volume (so not so much buying pressure).
If I signal buying pressure from the bulls, I might reconsider to open up a new long lev position (low lev). But with leverage I'm careful because it can go fast and I don't want to be high leveraged on the wrong side.
But I'm definitely keeping my eye on the green support zone.
Nifty in potential resistance zoneNifty
CMP 17964
Nifty has tested potential resistance zone today
______________________________________________________________________________________________________
Given the set up,
one may consider selling Nifty 18400 Call option for 25 Nov expiry in the range of 120-125
Take care & safe trading...!!!
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
Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably.
If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary)
Bear in mind that we haven't had a real correction ever since the 40K level of september ;)
Let me know what you think
Nifty 50 Futures Intraday TradesImmediate trend is down. Market is making lower high lower low against support 17650 which means it is getting weaker, break of 17650 likely.
Today's possible trades -
1. Enter short on break fail of 17800 for target 17700 and
17600.
2. Enter short below 17650 if it sustains below it.
3. Long above 17850 only if it makes higher high higher low.
Nifty-50 │ Analysis :- 01-11-2021Hello, Guys! Nifty-50 Is on Bearish Trend
Date:- 01-11-2021
If Pre-Opening Open Gap-Up Then Go For Short-Selling Again.
Nifty Closing :- 17572 { (Perfect- Near) 3:30 PM }
STOP-LOSS :- 17791
Guys This is R&D ( Research And Development ) Purpose Only.
I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator.
Thank You For Making Trust And Don't Forget To Support Me!
Short #DRREDDY looks so week in daily. Expected a target 4000. short term sell below : 4630
target @ 4050
stoploss above 4780
last 14 months this stock is trading in between a strong supply and demand zone. excepting a previous level of support 4050 to 4000 in a couple of weeks. current global cues are in negative mode.
ACC will give a Big-Move...!!Hello, Trader and Investors, I am Adarsh Dadhe, I am a student and a part-time Trader also, I analyze well so come on the topic, we all should know that there is bull run in the market. In this bull run I searching some blue-chip company's stocks for trade, and luckily I found ACC then I analyze it, after that I see a super up-trend in day(D) time-frame and also a triangle pattern, so I am just telling you that you should or you can trade ACC on its UP/DOWN breakout, so keep eye on it🧐, it will be a great chance!
Nifty: Chart set up and trading strategyNifty
- The zone of 18350-18445 is potential resistance zone
- the zone of 17600-17800 is an important support level to watch out for
Given the set up one may consider to sell Nifty 25 Nov expiry 18600 Call option currently around 200
Strategy has max profit potential of Rs 10000/- per lot till expiry and in built loss protection for a rise up to 18800
Take care & safe trading...!!!
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
BTC/USDT Next Move? Pull Back coming(Head And Shoulder Pattern.)#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research.
#1 Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
Time To short BTC till 53000 $
## When Last Time Bearish H&S Pattern Took Place in Daily Chart IT dropped Almost 25% ##
Good Support = Around 53000 $
Strong Support = Around 41000 $
Ultra Strong Support = Around 31000 $
ATH ( High Resistance Zone ) = Around 67277 $
## Technical analysis:
1. Bitcoin Is dropping Due top Bearish Head And Shoulder Pattern.
2. The price is above the 20 Ema and Bitcoin is Currently Testing 20 EMA.
If Testing At 20 EMA is Successful then It will move towards 63000 $
3. If Testing fails at 20 EMA then A Pullback till 53000 $ may take place.
4. Retesting At Support Near 53000 $ is coming , If it is Successful then BTC will Cover ITself.
OtherWise IT may BREAK the Support IF good volume is sold.
5. All Time High is a high resistance zone which is 67277 $
If You Loved This Analysis ❤️ Hit the LIKE button
Drop some feedback below in the comment !
Trade well. ❤️