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Bitcoin 2023 nding WaysAs of now, Bitcoin is priced at $42,815, accompanied by a 24-hour trading volume of $24 billion. Its market capitalization stands at $843 billion, commanding 54% of the market share. In the past 24 hours, BTC has encountered a 0.96% decrease in price. With a circulating supply of 19.46 million BTC out of a maximum possible supply of 21 million BTC. Bitcoin's recent attempt to breach the $44,000 resistance faced selling pressure, triggering a decline in its value. Currently, resistance is noted at $44,982, while support for BTC/USD is established at $41,784. The analysis for December 26 indicates that bears have initiated a robust selling pressure, eroding buyer confidence around the $44,000 mark. Consequently, BTC is experiencing a significant decline, setting the stage for a downward correction. Examining the 1-day chart reveals a diminishing buying demand for Bitcoin as it grapples with this decline in value. Bio for more..................
BITFINEX:BTCUSD
by IPatrice
Axis Bank Simple Price Action Analysis BullishNSE:AXISBANK is in an Uptrend making continuous HHs and HLs in the Candlestick Chart. With these HH and HL, the price has created two Bullish Patterns in this Chart: A Cup and Handle Pattern which is a Continuation Pattern, and a Right-Angled Descending Broadening Triangle. We also have a few Trap Zones in this chart; hence my expectation is that the Price of Axis Bank should go up and make another HH. Looking at a Target of 164 that is approx. 12% Return on Investment.
NSE:AXISBANKLong
by priceissupreme
Bajaj-Auto Simple Price Action Analysis BullishNSE:BAJAJ_AUTO is in an Up-Trend and it is continuously creating Higher Highs and Higher Lows on the Candlestick Chart. As there is no Trend Change signal, hence the expectation is that it will continue its Up-Trend by creating a new Higher Low in this Chart. Price can test the Trendline and the last Resistance before going up. So, we should think of Buying this Stock at every Dip and holding it till 5599. This will give a Return on Investment between 20% to 29% in just a few days.
NSE:BAJAJ_AUTOLong
by priceissupreme
I would enter these kind of trades any dayHere is my chart on the long term using price action on the daily chart as my cue. These trades are long dated, but the risk to reward is quite massive. From what I see, it likes to target liquidity and raid those stop losses. Currently, I am looking at a short entry with a limited stop loss to target lower recent lows. There are quite a bit of trades you can get with different targets. It took a little refining of my old charts and more focused on a longer time perspective rather than trading the bounces in between.
AMEX:SPYShort
by vietuser619
1
Adaniports Simple Price Action AnalysisNSE:ADANIPORTS Bad News vs. a Trap Level. This stock is continuously making HH and HL in the chart and currently hovering inside a Trap Zone. The expectation is it will go up to 892.85/-, which will make this Trade a Reward to Risk of 2.5:1 and approx 10.56% Return on Investment from the Current Market price (807.55). Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
NSE:ADANIPORTSLong
by priceissupreme
Bank Nifty Simple Analysis NSE:BANKNIFTY The price is creating a Cup-like shape in the daily chart. To complete the pattern, it must go up to 46369.50. But there is a resistance which is holding onto and all the Trap Zones are tested. So, though the bias is Bullish but we should wait for the 45564.40 resistance to break to think of entering a long trade in Bank Nifty. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
NSE:BANKNIFTYLong
by priceissupreme
BTC THE WAY TO 30K IS HERE..Thank you for reading our update. Please remember that this is not advice for trading. Bitcoin (BTC) has faced challenges since it dropped below $30,000. Since then, it has been following a relatively stable trend. Since $24,200 BTC is working towards reaching the $30,000 mark again. We have observed that $24,600 is a strong level of support, but it's essential to consider the timeframe, which needs confirmation. The confirmation of a new upward trend might occur between $27,000 and $27,500. Until that happens, it's advisable to monitor the trend and see if BTC can confirm this positive movement based on technical data. If it does, BTC may have the potential to climb back to $30,000.
Long
by SatochiTrader
4