According to our analysis, today's market may be bullish because the market open's gap-up, and no sign of a strong red candle so we prefer bullish. Our support and resistance well help the market observation.
We have some support and resistance analysis which help in trade.
We have done some analysis for BTCUSDT which makes us think that the market will go up from this point. Let us see what is the market sentiment today.
As we have seen there has been a selling environment in the market for a few days, and continuing this, today also our view is on the downside. The support and resistance lines created by us will help a lot in analyzing trades.
We have some Support and Resistance for BTCUSDT we expect down side view let's check what will happen
Again our view is bearish. Because the market is in strong down movement. Bulls are trying to take market up side but sellers pressure down side which is clearly seen in chart Our Support and resistance will help to understand chart behavior.
As per our analysis, today's market opens gap-down, or if the market gives us a flat opening it may not sustain and we see a sharp 150-200+ fall. 47475 may happen in the reversal point. Our support and resistance will help to observe market behavior
Even today no movement is visible in the first half, if any movement is visible in the second half then I will post again. Till then this support and resistance will help you.
We mark a long position in BTCUSDT based on our Support and resistance Dot-to-dot levels.
Yesterday's market trend in our given support and resistance zone, our dot-to-dot helps to take a position wisely.
The market Facing a third rejection point from the upside and it's near the Golden Fibonacci ratio zone if it's broken then the buyer will be in a weak condition then we see a fall from there if the market opens flat or 20-30+- point So a little retracement(nearby 47830) should be taken in the market, due to which some of the upper stop loss will be hit and then...
Today our view will be a Call-side if the market opens flat or near 47770, if the market opens a little gap-up or near 47900 so they easily hit a round number 48000 then there may be a chance of some reversal other wise it will shoot up.
Our View for Bank nifty will be Down. Logic: 1--There was a sharp down move in the market due to which the market broke its strong support and also broke the 60% golden ratio levels. 2- Nasdaq and Dow also Facing Down Move. Keep Focusing on Our Support and Resistance.
As discussed previously the market gives us a bearish move and this is happening. The reversal maybe if the market breaks 47995.
In my view, today's market shall be Gap-down and Bearish because the market is range bound between 48000 to 47650 and it's near Febonachi golden point 60(from 47650) if it breaks today we will see a fall. In that case, I mark some Imp. Support and resistance levels which you see in past posts will work dot to dot.
This Analysis is for Tuesday's first half, Today will be a gap down if any chance gap-up opens so there will be no SL, Upside sellers will square off their positions due to fear of being gapped up.
As per our Analysis, Our First Target is Done with the help of support and resistance.
Crypto Trader Watch this setup for learning Purposes, this will act on support and resistance.