Total crypto market-cap and Bitcoin has formed a similar triangle pattern on weekly timeframe.
Daily close below 9300 levels may be the confirmation of downtrend and close above 10300 levels may confirm the uptrend continuation.
The immediate support on daily timeframe is at 8300 and resistance is at 10300.
So watch out 9300-10300 levels closely to initiate any...
Bitcoin has formed a triangle pattern on weekly and monthly timeframes and has reached the resistance levels.
Bitcoin has formed Doji candle on weekly timeframe, Its a reversal sign and high probability of reversal from here.
Bitcoin closing below 9300 levels on daily timeframe may be the confirmation of reversal and downtrend may be seen.
Daily close above 10200...
Bullish setup on hourly/daily and weekly timeframe.
Triangle pattern breakout on weekly timeframe may make it move 30% from this level.
One can have stop loss of 15% and take profit of 30%, RR - 1:2.
If 0.12000 levels are broken, it can see 0.20000 levels.
Ether has given breakout from triangle pattern.
Successful breakout can take it to $250-$260 levels and if it fails one can have stop loss around $220.
Risk-Reward - 1 : 2/3
If it gives weekly breakout above 280 levels, next leg of bull run may be seen in ETH.
Watch out this counter for some quick gains.
Nifty has given a triangle pattern breakout..
As per elliot wave theory its in correction phase of the trend and the downtrend will resume back..
This is just a pullback of the big fall that we saw in Feb2020.
Bitcoin facing huge selling pressure around 9600 levels...
It may pull back a bit till 9550 levels and go down breaking the red trendlines...
If the 9500 and 9350 levels are broken, it will again resume the downtrend...
Watch out this levels...
And if Bitcoin breaks 9750 levels successfully on the upside, the next leg of bullrun will start and may break previous...