Based on my 5 years of experience scrambling through tons of price action across different assets - 70-80% correction is possible along with a long bear market.
Burj Khalifa pattern. This is based on pure speculation and Fractal Geometry. But I believe it's a strong possibility based on my personal 12 months of trading experience and analyzing chart patterns.
This is based on pure speculation and Fractal Geometry. But I believe it's a strong possibility based on my personal 6 months of trading experience and losing more than $8000. Stay safe.
Bearish divergence on RSI and based on fractal analysis.
Bitcoin made a high of around $19.5k and crashed by about 15% from there. This indicates a shift to short-term bearish sentiment. 21 Week moving average is around $12500. In 3-4 weeks, it would increase to $13800. Bitcoin should take support from the 21-week moving average and 38.2% Fibonacci level of $13.8k which is our target. If the high of $19.5k is taken...
If Nifty breaks 12020 with a huge volume, the bull flag confirmed. Bought at 11750 with a target of 13200 and stop loss of 11550. Breaking of 38.2% Fibonacci level rejects the idea of a bull flag.