Daily & weekly are reeking for heavy resistance for nifty50 , i doubt this rally will further go much ... not above 12100 . its time to place calculated short .
Monthly chart is perfectly depicting limited upside with lots of big inverted tail ends on monthly candles ... 10600 is upper limit & if bitcoin breaks 7400 this time its in for 5500 .
BEST TIME TO BUY BITCOIN NOW , TRIPLE TOUCH OF BOTTOM SUPPORT ON PRICE , WHILE OSCILLATORS GOING UP ... PEOPLE WITH PATIENCE BUY & HOLD
As the daily chart showing , a symmetric triangle forming on price action candles, with RSI forming potent H&S ... a more expected scenario is sharp drop down to 23000 or 20000 zone . so beware & trade cautiously .
that trendline (red) is last resort to bulls ... if this breaks ..#banknifty will go for a plunge . ..with profitable quater for banks, i belive it will retain & jump from here .
double touch on MA 50 on daily TF, probable case of bounce , 4h stochRSI bottomed out , 1 h bullish divergence , closing above yellow trend line (support), all these factors screaming for 200-300 point jump from here .
abandoned baby pattern emerging on weekly on resistance ... if Ist week October starts with a gap down ( expected it to) it will confirm the downtrend
clear fake out on weekly , then downturn , expecting it to go further down to $50 in coming 3-4 weeks .
HTF showing support on RSI & price action , stochrsi , bottomed out , ripe for a bounce . positional call for 2-3 months , expecting bounce to $17000 .
doesn't expect a steep correction but if 10850 broken this time , then will see 10150 in this month ...otherwise we can see bounce from 10920 to 11450 atleast
Touched the upper range of triangle as per chart , not showing strength , making an inverted hammer right on trendline resistance , expecting good downfall .
range being 9500 on low side & 11950 on high side . on HTF BTC is still bearish for me .
any resistance like 56.5 on HTF is bright place to short , if anyone can maintain the short for next 4 month we can see oil well below $50 .
trend line support & consumption of sells in 9900 -10100 levels shows a bounce is reaping . use stop @ 9910. looking for 10800 again
chart says it all, use your money management skills , if $btc bounces back above 10400 , this will bring 10900 again .
Bullish divergence on daily strong sign of nifty bounce .
break of diagonal trend line (red line) , will create more sellers .
hidden bear divergence on daily , downturn starting right from resistance with monthly chart showing more downside .