On the Daily time frame, we can see that Bitcoin has been able to sustain the extreme bullish pump from 27K and has continued on an upward trend. However, we can see bitcoin rejecting off the 38K mark and the resistance level at $37,482. BTC seems positive from a long term standpoint. Although, we can expect BTC to stay sideways for the next few months.
NIFTY on the 1h time frame can be seen making higher highs and lows, clearly showing an uptrend. The market has recently rejected of the key zone between 19905-19842. Fibonacci retracement from the recent swing low to high indicates that the market is steadily heading towards the 'golden zones' (ie. The 38.2-61.8% zone). We can expect the market to continue its...
