BANK
Bank Nifty AlgoHere I developed after many years how typically Banknifty indices operate sudden huge move, its completely controlled by Big players after trapping retailers SL. There are few methods identified and back tested after several months. Basically its perfectly works with Banknifty future & Option buyers. Can easily capture 200 to 300 points from sudden level in intraday. The purpose of this indicator mainly to eliminate Fear, greedy, emotions., its basically "KONW YOUR RISK & REWARD" & Kindly note this for only intraday players how to use it. Its updated version of Millreeh
This indicator facility to plot following for some reason,
1. SMA 20 & 200
2. Swing forming in MTF (current chart TF, 15, 1 Hr )
The basic setup categories two way
1. Setup2 - Just taking out retailer SL zone and trade against Retailers & RR 1:5
2. Algorithm Setup - Join hand with big players. (When S2 Fails) & RR 1:10
How to use for Setup2:
1. Keep your Chart 3 mins
2. Identify Reaction zone/area ( Where to take trade)
3. Action center (When to enter & Know the SL level)
4. Exit Trade ( Know the Target level)
For Algo setup its need lot experience to spot and its move like free fall most of time.
BTC Is Battling in El Salvador Bitcoin is battling in El Salvador, the primary country to make the resource lawful delicate, as indicated by another report.
A study led by the Public Department of Monetary Exploration presumes that, notwithstanding El Salvador's Bitcoin Regulation, very few individuals in the nation are utilizing the cryptographic money.
The law, which inquires as to whether they have the mechanical means to do such, has been reprimanded by establishments like the World Bank and the IMF.
Scientists Fernando E. Alvarez, David Argente, and Diana Van Patten say they addressed 1,800 families in El Salvador up close and personal about their Bitcoin propensities. Their report, named "Are Cryptographic forms of money Monetary standards? Bitcoin as Lawful Delicate in El Salvador," asserts that "utilization of Bitcoin for ordinary exchanges is low and is concentrated among the banked, instructed, youthful, and male populace.
It adds that 25% of respondents in the minuscule Focal American nation were utilizing the state-supported wallet, Chivo, in the wake of downloading it. Furthermore, among the individuals who in all actuality do utilize it, as per the report, just 20% were spending less money, and 15% utilized less charge or Mastercards.
The report additionally takes note that it did "not observe proof of Chivo wallet being utilized to cover for charges or to send settlements" — one of the fundamental reasons the law was passed in any case, as per the Salvadoran government.
Salvadorans were urged to download Chivo last year and were given 1 Bitcoin each. The report expresses that of those overviewed, most spent the Bitcoin and quit utilizing the wallet.
220424 BTCUSD Analysis (Monthly candle,Smart money,Harmonic)
30min: You can see the back to back mitigation move at the supply zone.
1M: Harmonic extreme 3.618 extension shows that the price is highly overbought.
Price seemed to bounce at the liquiduity area, but it couldn't to go further only to fail at 1.13 extension area with the clear divergence.
30k~12K is an area whre inefficiency has occured, so the price is likely to go downward to fill the gap.
Thanks.
BROOKS: TAGET 200%Hello traders!
We've come again with another stock breaking up the trend line and closing above the 6ma. Entry can be taken at cmp with a tiny SL with a huge risk reward, that is 1:35. Rest the details are on the chart.
Feel free to ask in the comment box if you have any questions regarding this analysis.
DISCLAIMER: This analysis is only for educational purpose and should not be considered as trading recommendations.
XLF - InterestingSP Financials are coming into the trade, there may well be a large break in trade development.
Keep an eye on these as Banks are going to come under immense duress should 10Yr Yields continue
to grind to 2.85.
Primary Broker-Dealers / Money Center Banks look weak.
NQ BAnk... similar. 5100 may limit upside.