sachin81ksd

sachin81ksd

Hidden bullish divergence on 1 day supported by prevailing trend (higher lows) , 4H exhibiting the same trend (uptrend) & hidden bullish divergence going to happen . trendline support @7800-7870 . Buying BTC USD at 7830-7880 with stop @ 7500 target would be new high of 2019 .

sachin81ksd

btc daily chart showing pre longed ranging from 6250-6800 . TA doesn't work efficiently in such ranging/sideway market , so u can find many TA expert confused on BULL or BEAR stand . but some basic facts can't deny that BTC is going to be dumped . closure of FIAT gateways all over the world (india,china,vietnam ,malaysia) leading to lesser actual money (FIAT)...

sachin81ksd

hidden bear divergence on weekly(stochRSI)+BB squeeze + touch of upper line in symmetrical triangle with lessening of FIAT gateway it will give way to new lows (most probable) .

sachin81ksd

hidden bear divergence on weekly + triangle top+BB squeeze on downtrend , all in one, is a good mixture for a massive dump , option of jump is less as fiat gateways r closing by day all over the world . financial authorities r getting more stringent & manipulation is far more exceeding then other markets .

sachin81ksd

Regular bullish divergence on 1H, 4H hovering on support, 1 day RSI is testing long term support, probablity - btc must bounce from 6350 zone to 6700-6800 zone . or if broken then 6400 will act as resistance afterwards short every bounce to 6400-6450

sachin81ksd

btc going thru a healthy correction (stable dominance) , this correction can go deep as 7670-7750 . many confluences in that zone , SMA (simple moving average) 22 can create a strong support here also the long term declining trendline retest is almost here . 7700 zone is perfect longing opportunity IMHO . if this support holds & btc takes bounce from this zone...

sachin81ksd

with BTC dominance increasing , alts bleeding , bear divergences occuring again & again ..nullified each time .. RSI remaining in overbought zone all TFs , for a week (not claiming it can't remain more ) .. it's all deja vu december 2017 . but whenever btc gets down this time it will be a sharp fall & alts will take a bounce to correct more afterwards .

sachin81ksd

bear divergence (4h) at exhausting levels for bulls @7480- short

sachin81ksd

it may be that this bullish divergence on smaller time frames can pass on to higher divergences in coming 1-2 days . bullish

sachin81ksd

upper trendline consist of support from beginning & resistance further on .. while lower trendline consist of resistance from beginning & support further on . by look of it next week would be decisive .

sachin81ksd

inverse H&S (which almost every trader now knows ) neckline is in this zone .. RSI trendline showing some gap for further move up...risk reward is not much favourable . going for short above 6640 till 6750 . just for exploiting cool off in btc ... retest 6510 & if it doesn't hold 6400 is possible .

sachin81ksd

stochrsi is at the top .... price action is hitting the resistance on smaller time frame . lets see what happen , not expecting a major move just a prolonged consolidation .

sachin81ksd

yep, after checking out all the leading indicators Vs price action , on almost every time frame . 6170-6210 is construing as big support on smaller time frames 1H,4H . on daily chart a retest of this zone is going on, supported by STOCHRSI bottoming out . RSI is also retesting the supportive trendline which created the bullish divergence . if 6100-6130 not...

sachin81ksd

if BTC retraces from this trendline there would be an intermediate fall confirming hidden bearish divergence on 4H..if it brokes --it would going to fly to 6430 .

sachin81ksd

as happens in most divergences in a strong trending markets , sometimes for a trend change on larger time frames like daily or weekly, it takes 2 divergence confirmation to capture the inflection (trend change) . here in that case one bear divergence had been proven, second is in the making - if nifty makes a new high & retrace, leading indicator RSI in case may...

sachin81ksd

on hourly frame if 6110-6130 is not broken ...we may see a small rally leading to 6250-6300 . if this leads to closing of daily candle(today's candle) above 6285 . that will lead to rally in prices upto 7200-7300 in next 4-6 days . Major alts are at support levels . xrp , eth , ada . its a buy on these . IMHO .