Jimmy_Rebello

Jimmy_Rebello

after a good week of bullish trend we have CHOC on S&P 500 chart where price making lower highs expecting a correction about 4525 >> 4510 >> 4500 and 4480 as gap filling level to consider

Jimmy_Rebello

after major results in top companies we got to see price making lower low and lower highas it is indicating the start of correction. KEY LEVELS - 14200 - 14125 - 14080 on this level we should look for choc from bearish to bullish by price making higher high and higher lows

Jimmy_Rebello

litecoin looks good and making higher high higher lows my pov is that it might get rejection from 110 level as the bottom buyer maybe booking some profits back to lvls of 85-95 will be retest zone or value zone for buyers after the rejection from 110 for medium to long time frame we can see 140 levels too

Jimmy_Rebello

since the breakout of 25000 we have seen good bullish rally upto 30k+ price seems to make little consolidation and breaking above 30950 and 34500 will be very important level this levels are likely to trend shift for short term either it can be side way or pullback giving zone with divergence alert for "do not open new fresh longs"

Jimmy_Rebello

today the pattern followed as per our analysis and then eventually bounced back from drawn support line although the price is sustaining for tomorrow if the yellow zone and blue trendline is broken we will look for short side for details refer chart image

Jimmy_Rebello

Will look for bearish trades then bullish trade how and where ? (refer to the chart image

Jimmy_Rebello

this technical analysis is done based on schiff pitchfork and fib time base trend , fib retracement what to do?? refer the image of chart for inshort idea about LTC

Jimmy_Rebello

check the analysis through 3 steps shown in chart (refer the image) this technical analysis is based on support and resistance, fib retracement and some chart patterns follow for more ;)

Jimmy_Rebello

after couple of bearish days and lower low and lower high's price has dropped to 17800 zone which is rd fig and also fib lvl (0.5 golden lvl) the range between 17900-17800 it will be considered as no trading zone (for me) will trade based on either side breakouts "AFTER A MOMENTUM PHASE THERE WILL BE CONSOLIDATE SIDEWAYS PHASE" wait and watch

Jimmy_Rebello

After descending wedge or descending channel the the breakout and restested the channel line and forming cup and handle formation where we can see of cup has complete and assuming to form a small flag pattern as its handle breakout of the neckline that is 1340 we can seek target upto 1420

Jimmy_Rebello

QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it So, we drew waves after the breakout of head and shoulder as per textbook ratios the price tend to form accordingly now price has reached it 3 impulse wave,...

Jimmy_Rebello Updated 

we have closed the bearish trade as price got to our projected target of 18950-20 now that price showed a fake breakdown and closed within the range of channel seems like btc forming inverted head and shoulder trade setup buy above 19325 stop loss below the right shoulder (not exactly stated as price still below the buy price ) target 19750 - 19800

Jimmy_Rebello Updated 

price tried to break above1680 but price failed twice on 30min timeframe and we can see double top rejection or M pattern after higher low price formed ascending channel and there is a bearish divergence in rsi we can trade R:R by 1:1.5 entry 1668 sl 1672 tr 1661

Jimmy_Rebello

as of 15min chart the price is rising but rsi momentum is getting weak once price closes below the orange zone bank nifty can test back 37700

Jimmy_Rebello

i am expecting a test down of 15178, 14887.90, 14680 levels before 18th july current market price as of 5th july is 15810 18july to 5-8 august might be a consolidation and momentum divergence period only if above 15178-14887-14680 level are sustained will buy on based on momentum divergence of macd or rsi (best will the double bottom bullish divergence)...

Jimmy_Rebello

after a long bearish move and bad sentiment btc price has formed a consolidation pattern and on 1h time frame we can see a inverted head and shoulder pattern initiating trade according to - as per neckline drawn on the chart after the breakout only we can enter long and keep stop loss below the shoulder line info line drawn from the head of the...

Jimmy_Rebello Updated 

last two day market showed good bullish momentum and formed a triangle structure now we can see it has given a breakout also there is RSI divergence on 15mins a triangle breakout and a consolidation is a good formation for next move based on the length of triangle we can see the 16740-50 levels

Jimmy_Rebello

Monthly chart: indicates that there has been a divergence in MACD and we can see the double top formation that was a wholistic overview, but the last three candles indicate that if the price broke below 32917 and closed below this it will complete as an inside bar which is bearish and on the downside based on the Weekly chart 28850 is the support, whereas if...