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 .
NIFTY HAS GIVEN GOOD BULLISH DIVERGENCE ON 4H & 1 DAY , EXPECTING GOOD REBOUND IF 11390 BROKEN ON CLOSING BASIS ON ANY TRADING DAY .
DEFLECTED FROM YELLOW TREND LINE RESISTANCE 11390, SHOULD FALL TO 10980 ATLEAST , BUT THAT IS A STRONG SUPPORT TO BOUNCE FROM .
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 .
nifty IMHO is going to test this crucial support area represented by yellow circle 10940-11100 soon , i have inclination towards the sharp bounce from here till 11460-11540 zone & then again fall .
HOW FABULOUSLY PRICE ACTION ON #NIFTY IS FOLLOWING THE TREND LINES . IF U DRAW THE TREND LINE PROPERLY , RESULTS R FABULOUS . MONTHLY IS BEARISH , SO ANY JUMP IS SHORTABLE .
weekly charts says it all, perfectly respecting the upper trendline , price got deflected & now standing on 50 MA on weekly , next week would be decisive , break & closing of next week candle below 8500 will bring fall till 6900 , or if it bounces back it wouldnt go beyong 9500 (perfect spot to short again) .
$btc going to touch line of electric impulse ...most probable chance - it will thrown back to sub 8000
As charts r showing on both monthly & weekly time frame , things r overtly making bearish divergence , in same way psychology of people is showing major divergence betwwen reality & ego created delusion swayed by social media . my first target for #nifty is 11210 & if it breaks then all hell loose till 8900-9100 ... target for august-sept 2020 .
Today's daily candle close is decisive ....still I think ,most probable scenario is bitcoin going for dip . Dip must go to $7900 . If that breaks then perma bear market .
bitcoin making bullish divergence & inverse H&S ON DAILY GOOD TIME TO LONG IF BREAKS 7600 THIS TIME ..SHOULD GO UPTO 9800 ATLEAST .
WEEKLY CHART SAYS IT ALL
bullish divergence on all time frames ... have to see if this time it breaks 7600 decisively ... we can see $10000 . good times for $btc it must be --- hopium
BEARISH DIVERGENCE ON ALL TIME FRAME ... OVER CONFIDENCE OF LOCAL TRADERS ON NIFTY SHARE'S RESILIENCE , CLUB THESE & A PERFECT RECIPE FOR A FALL .
MA200 IS AT 7222 ON WEEKLY .. IF THERE IS ANY BULL CASE PENDING ...THIS IS IT - CLOSING ABOVE 7230 FOR THIS WEEK CANDLE . ANY BREAK & CLOSE BELOW 7200 WILL LEAD TO SLOW BUT GRADUAL FALL TOWARDS @4900
daily & weekly support coincide @ $1455 to $1466 zone . best zone to buy gold for long shot