praveensam001

praveensam001

Bitcoin Price Action Forecast till August 🐻 Looking Bearish to me !!

praveensam001

Good day to everyone! BTC enters the BOTTOM zone which is between 16-22k. Best buy zone is 16-18k . We may rally to the resistance zone 48-50k after few months of bottom consolidation (July - October), and then continues the Bull Run breaking ATH. Get ready for the next Bull Cycle.. ~RPS

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Good day to everyone! NIFTY price action is trapped inside a Descending Broadening Wedge (Blue lines). The Good News is that Descending Broadening Wedge is a Bullish or Continuation Pattern. Since the long term trend is uptrend, the probability of the trend continuation is higher which is bullish . Where is the bottom? The price action is currently...

praveensam001 Updated 

Hi all !! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you. With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels. Peak Price: 22,430 Current Price: 9,500 Price...

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Hi all !! Good day !! Hope you are doing well !! Bitcoin has formed two different patterns:- --------------------------------------------------------- 1. Ascending Triangle (Bullish) 2. Rising Wedge (Bearish) Bullish Points:- --------------------------------------------------------- 1. Formed Ascending Triangle 2. High Lows 3. Resistance 6.9k broken 4. Possible...

praveensam001 Updated 

Hi all !! Good day !! Hope you are doing well !! Most of the markets have crashed a lot in the month of March. The news media is trying to relate the pandemic COVID19 infection is the cause of panic selling. This is not true. The fundamentals and technical's failed to push the market price higher where professionals (smart money) look for it to trade or...

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Hi all !! Good day! It's blood in the streets. Overall markets are PANIC selling which is a BUY signal. Yet the market structure is not satisfactory to continue the BULL trend. Even after having a major drop in GOLD, there's some possibility that it may hit the resistance level plotted in the chart or it will continue to fall which is indecisive for now. But I'm...

praveensam001 Updated 

Hi all!! Good day! Breaking News that YESBANK BANKRUPT. What should YESBANK shareholders do now?? 1. Don't PANIC 2. Don't SELL 3. Be Patient, Your time will come What should investors do?? 1. BUY When to Exit?? As per my analysis, at least a short term to level 40-45 will happen where one can choose to exit. For more updates, follow me here . ~RPS~ Legal...

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Hi all !! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BITCOIN for you. I have plotted how the BTC market could choose to behave over the period of time where no-one can predict. But I believe the downside target is between 750 - 1150 USD. With this target, I have tried different patterns and...

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Hi all !! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BANKNIFTY for you. With my technical analysis , the BANKNIFTY uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels. Peak Price: 32,600 Current Price: 24,000 Price...

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Hi all!! Good day! I have been posting to warn the retail investors foreseeing the risks in the markets. Here is another major bank. With my technical analysis , the HDFC Bank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. The price targets are at scariest levels. Current Price: INR 1022 Price Fall Target: INR 77 - 94 ...

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Hi all!! Good day! It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like Indus Bank. With my technical analysis , the INDUSINDBANK uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the...

praveensam001

Hi all!! Good day! It's sad news that YESBANK bankrupt and the shareholders of YESBANK are in despair state. It's time to think the state of other banks like AxisBank. With my technical analysis, the Axisbank uptrend breaks as you can clearly see it in my chart. This will ignite major sell off. I'm not here to create panic at any cost. I always want the markets...

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Hi all!! Good day! One of the most reliable coin is Litecoin (LTC). Here is what I see in the chart. 1. Held above 7 (Yellow) and 200 (Red) Weekly MA 2. Weekly Trend Line (Blue) Breakout Invalidate Condition: !. Price must not fall below 200 Weekly MA For more updates, follow me here . ~RPS~

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Hi all!! Good day! Bitcoin sideways movement for almost a week. Are you still worried on deciding whether it's the uptrend or the downtrend ?? This post uses some simple technical analysis with the tool "Gann Fan". When the price action takes sideways movement for a while, and didn't respect the drawn trend lines, use Gann Fan, which will show what's...

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Hi all Hope you don't hate me, after reading my conclusion in this post. I would like to bring a kind CAUTION to the users across the world with my technical analysis. I wish this wouldn't happen. But I can't deny the facts that I see in the charts. What-If Analysis: What-If Bitcoin falls to $ 200 ?? Do the chart tell us a complete different story that...

praveensam001

Hi all!! Good day! Are you still worried about the trend ?? Are you worried on deciding whether it's a Bull Market or Bear Market's Bull Trap ?? This post is just give you peace with a simple line, called "Bitcoin Life Saver Line". As long as BTC price action stays above this line, we are in a Bull Market. When the price action goes below this line, then it...

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Hi all!! Good day! Hope you are all exited with the current market movement. Now it's time for a break to watch the downfall for a period of around 45-60 days. FOMO crowd is here. It can push price even higher. This is the best time to take profits. In this post, I would like talk about EOS price action for the year 2019. It's a wonderful year for EOS with the...