#BTC_Update
Well BTC closed Sunday's session on a huge decline and is now trading on its final support area at 29K.
The trading volume at the beginning of the weekend was very logically above its average level.
The daily technical situation remains negative with no sign of a bullish reversal.
👉 What to do now?
We can open a short position on a retest of the...
Confluence :
1.Around 190 days consolidation breakout
2.Weekly Breakout with Bullish Momentum
3.Monthly Breakout with Bullish Momentum
4.Trendline Breakout
5.Higher High Formation
6.All Time High
Bitcoin has fallen more than 40% since it made its top. Is it a good time to invest in it or should you stay out of it? Have a look at the video to understand the levels where it would be a good buy.
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Short Term Video. Bullish Shark could be active in the zone 17575-17600 zone as per short term commentary done in the last idea.
Upside - Index can retest 17650/17680 / 17750 / 17800-17835. If crosses above 17960 then Bulls will jump.
Thanks
Despite a considerable gap down opening, the indices were able to recover well in the last half an hour. This was largely thanks to stocks like ICICI Bank, HDFC Bank, Reliance, etc. With Reliance earnings announcement scheduled for today, could the markets be ready for a 'dhamaka' on Monday?
HI friends, I am sharing my view on Lic housing finance for long term. The share price is looking very attractive and has a potential to go up. Risk to reward seems to be favourable. Please have a look and share your comments.
I would suggest waiting for the MACD line to give a strong signal and waiting for the price to test the resistance and support line.
This was just technical analysis.
Buy and Sell accordingly.
*at your own risk*
