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Analysts hold their $250K Bitcoin price target even as BTC fallsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below $61,000."Was watching that $64K zone as a crucial level to break and the market has failed, so a corrective move is taking place," Cointelegraph contributor Michaël van de Poppe summarized the situation."Overall; looking at $56–$59K as a good spot to buy Bitcoin."The previous all-time high at $64,900 turned out to provide little by way of new support, instead becoming more of a repeat resistance zone as bulls had little luck securing their newly-won gains.Optimism, as is customary, came only from those adopting a longer-term perspective. Among them was popular Twitter analyst TechDev, who stressed that 2021 was still conforming to historical bull market trends."Final BTC impulse has ALWAYS been five degrees steeper than the run-up to the mid-cycle peak," he noted alongside a comparative chart."Holding true so far. If it continues, and the $228K–$250K window is hit (two most historically reliable fib-based targets)... It would happen end of Jan. Will be interesting to watch."
BITFINEX:ETHUSDLong
by Heather61534
1
ESCORTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE . BUY NEAR 1335. The indicator used: 1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts 2) TE-REKAB - PB : PULLBACK If you like the analysis, do leave a like and follow for more such content coming up. The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :) HAPPY TRADING!!!
NSE:ESCORTS
by ReeAishw
1
Nifty Trading Strategy for next couple of months.Nifty is looking quite bullish and if it manages to break out of the yellow dome then it will hit a new all time high in coming weeks. Trading Strategy by www.t.me 11717 is a crucial support zone and if Nifty manages to sustain over it then expect it to test the dome which should be your first target. New positional longs can be further added upon successful breakout from the yellow curve with appropriate stoploss as per individual risk reward strategy. Incase you would further like to get regular updates then make sure you join our absolutely free telegram channel www.t.me
NSE:NIFTYLong
by Tradingshiksha
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NSE:AXISBANKLong
by Tradingshiksha
2
GRASIM | Weekly Trendline defining termsStock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it. Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance. Though the above points guides us to take a strong bearish view, we need to be aware of recent higher low formed which might be an indication of Bulls putting a little fight and bear trend losing momentum. That takes us to the point where in a break below the recent rising Trendline or a break below 810 level could cancel out any weakness for Bears. Considering the overall picture, the stock still inclines in favour of Bears and a break below 810 will only make the case stronger. Alternatively, a Weekly close above 930/950 levels might indicate a long term trend reversal in favour of Bulls.
NSE:GRASIM
by AkhilSuryaFS