9127-9150 on 1 day candle closing basis is big resistance .break of it will lead to fresh high of 10100-10200 easily .
bull divergence on 4H & TOUCHING OF 50 MA on daily time frame is providing more case toward bull scenario . still skeptical till 9127 not broken
3 DOJI ON DAILY CHART IN ASCENDANCE , THAT MEANS A BULLISH UPTHRUST CAN HAPPEN ANYTIME , BUT I M AGAIN VERY MUCH CONFIDENT OF FINAL FRONTIER RESISTANCE OF 9975-10100 ZONE , ITS A PRIME SHORTING ZONE FOR A NEW LOW IN THE NEXT (MAY) MONTH .
SO LONG NOW TILL 9970 & SHORT ABOVE IT.
thats a historical chart, which shows gold will be @ $5000+ till 2025 ... if any thingcan be concluded from the fractal going from 2005-2011 ...we r exactly at the same place or we may see gold touching 1800-1900 in short run then consolidate to 1300-1450 zone & then again make a ride towards new life time highin end 2021 -begining 2022 & keep on increasing till...
abandoned baby pattern at long time support- brace for a relief rally ... i expect a relief rally till 9900 ensuing very soon because :-
1). abandoned baby pattern
2). long term support zone as per 2 red line on bottom of chart
3). bullish divergence on daily candle .
thats a good closing going to be in a long time .. can see nifty going upto 9900 in 3-4 trading session . bullish divergence on daily will play long this for target of 9900 ...if it crosses 10k decisively ....or march monthly candle closes above 10k ...only then i will long my portfolio for long term .
charts says it all 6145 is the area to short bitcoin but.... i have apprehension that does t reach there or get deflected earlier , have to wait & watch , but its sure that BTC has entered bear market .
bitcoin holder ..long term is not painting any good but a boring consolidation, range bound movement .i dont see any scenario of bitcoin crossing 10k in this year . any bounce greater then $1500 is a shorting opportunity .
Warning , warning long term investor , if by any chance nifty closes below 10k in march or monthly candle close of march 2020 is below 10k , then be prepared for final frontier of 6000-6200 nifty target till aug-september 2020 .
triangle pattern is perfectly being followed by price action , now price is sitting on weekly support , a strong support to bounce from . lets wait & watch for today closing , if today's candle close is below 7900 exit or else long it from 7950 with stop of 7900 for a target of 8600 .
monthly is speaking a lot for #bitcoin fanatics .... if this month candle closes above $9800 , be ready for $13000 .
as this will make inverse head & shoulder on monthly RSI . SO IF $9800 ..BE READY FOR MOOOON .