More shortterm bearish action BTCWell, I was saying earlier that we would be heading for a correction but I didn’t know that it would be this severe.
But I personally think that there could be more downside action. We shouldn’t be afraid for that because it offers the opportunity to accumulate more and cheap crypto. But I'm still bullish in the longterm.
The next levels that I’m watching for are the green lines of (previous) support. The levels I’m watching at are 44.5K, 42.9K and 41.3K approximately. The latter is also showing confluence with the 0.5 fib retracement level.
This is my publication #15. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
Shortsetup
GBPJPY going to break its upward trend channelGBPJPY has been on an upward trend channel for quite long time. It has approached a major resistance level now and has completely formed a head and shoulders at the resistance. It may fall a little, but the trend is still bullish. Let's see if the bullish run will end or not.
EURUSD Head & Shoulder pattern breakdown and retest.The Major pair EUR/USD has given breakdown days before and retested the level and now has came back for retest at the same level. Might see a fall from here upto the next support. 50EMA is also providing rejection and trendline as well. Lower Highs and Lower Lows formation showcases weakness.
BTC short opportunityTo me it looks like that support is being tested. It broke out of the falling wedge (the yellow lines). But now it is looking like it will roll over, the question now is will the major support hold it or break down? In contrary to the most btc bulls, I hope we'll break down so we can accumulate more on the dip. Besides my own personal gain, I think it is healthy and needed for BTC to continue a the uptrend with a pullback around a strong resistance level.
I think it personally is a good price to buy around the 45K level (the green line).
This is my publication #11. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
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BTC rising wedge can it hold 46-45k Btc is forming a rising wedge and now it broke down it! the main resistance is 49-50k and the critical support is 45k if hold above it we can expect move upside and can can came back to 40k or even 35k level so trade with tight stop loss. Also we can see a that the rsi is forming a bearish divergence. you can see a similar situation earlier. its better to avoid taking big positions
Breakdown in APOLLOTYRE, How to go Short on a Stock!!!NSE:APOLLOTYRE
APOLLOTYRE which was Trading in a down channel has gone bearish and gave a breakout on downside of the channel
below 207.5 the stock has high chances to fall till 200 and if 200 breaks which has most PUT writing then more fall is expected
Currently Selling pressure in Major indices and fear mood of market would Help us going short on it.
Also PUT Unwinding has started in ATMs and ITMs
Conditions for going short
1. we need a breakout on a Support or a supply zone and closing below it
2. Trade would be more accurate if the breakout is on higher time frames such as 1D Time Frame
3. Selling Volumes must be higher, which would indicate a Heavy selling
4. If the selected Stock Contributes to any Index with good weightage then we must also consider
the Index performance and mood too for additional Assurance.
5. If the Stock has FnO then we must see that is any PUT Unwinding.
6.See if the Stock goes below 50dma.
Bitcoin reversal levelsBitcoin is trading around the 50 EMA on 4 hr TF. There are 2 possible reversal scenario as mentioned on the above chart. Don't take any new position for now. Wait for 4 hr candle closing, watch where closes. Mostly BTC will be bearish/consolidation stage for next 2-3 days, try to add more btc or other alts on dips and keep holding . Experts have predicted BTC to 100k by the end of the year.
Adaniports Sell below 683Conditions
Opening Price of stock must be 0.5% to 1% above the given price and the it break 683---- Good Situation
if It opens gap down below 683 the wait for price action
Market sentiment must be negative
Please Note:
Some times Option Chart I will post during the market if any Good and 99% Confirm Situation with small stop plus if I will See
Please wait for this
Mahindra & Mahindra : head and shoulder weekly potential shorti would like short Mahindra and Mahindra for the breach of a possible head and shoulder pattern working out.
all timeframes are in sideways right however for swing trades it may make sense to see if momentum dips further below 40
to be sure.Auto sector also in general is not doing that great either in short term.