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Bank nifty long position Hi Traders.... Hope Everyone is doing Good :) Here are some important levels of Banknifty. As you can see yesterday Banknifty moves in a fixed range try to break 35800 level but can't... Today Banknifty gives a Gap-up opening and if you see banknifty on bigger time frame there is a good resistance at 36620-36750 Today's Trade and condition.... 1. If banknifty breaks the level of 36750 the only level where i'm comfortable to buy CE after this banknifty is fully bullish.. 2. If banknifty take resistance at the level of 32650 then go for PE 2. If banknifty breaks day's low then go for PE Tip: Avoid trading if you can't predict the market behaviour also if market goes sidesways totally avoid the trading. Save your capital. It's not necessary to trade everyday in the market.
NSE:BANKNIFTY
by StockSelection
We have weekend ranging on BTC again?!Last two weekends everybody how fallow me knows that we have been trading the range over the weekend. In most cases we are trading in the range over the weekend bacause of the low volume and lack of big players involvement. Just last week we have won 7 trades and lost just 1, i hope we are getting this weekend ranging market again. If you dont know how to identifay ranging trands you can look at my profile where i explained my strategy. I wish you good luck and trade the range until it breaks. Last week we got nice ranging, what do you think are we getting ranging again? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
by Mladen94
Bitcoin Daily Chart - Wyckoff Distribution and Downtrend BreakAs the majority of traders have began showcasing various bearish signals, it is important that at this moment we zoom out of the chart and we observe the longterm pattern that has been created. On the daily chart we can observe a potential Wyckoff Distribution being completed which should continue with a downtrend. As of today, bulls are attempting to break off from the downtrend and enter two possible scenarios: - a shoot to ~47,000 breaching the strong resistance at ~45,000 which has already been tested several times. - sideways trading to consolidate the downtrend break, and build new support before finally attempting to pump in the ~50,000 price range. We are still considered to be in no mans land until a confirmation appears. The most likely scenario is sideways training and here is why: 1. FED actions to taken in consideration 2. Russia - Ukraine situation. Ukraine deciding not to follow their NATO membership ambitions is a positive step towards temporarily resolving the tense circumstances at the border. 3. The crypto ecosystem is technologically booming. A 12-24 months bearish crypto market does not represent the logical uptrend of the overall crypto world, unless external factors are significantly negative.
by UnknownUnicorn35305092
2
IS BTC ON A BEARISH MOVE???The weekend started horribly wrong for BTC. A -13% drop on a single day is no joke. Two different scenarios both bullish and bearish within the last 24 hours. Looking into the current situation, BTC is holding good support at the $37700 level which is a crucial point for BTC. If this support level breaks down then we may see BTC dropping as low as $34k. A bounce on the other hand will be a relief for time being. My biased is on the sideways. I believe that we may see a side-way move forming a parallel channel. But if the market drops then $34k to be the next support and if the market pumps then $40k will be the resistance. Let the market decide where the next move will be. Stay safe and trade safely.
BITSTAMP:BTCUSD
by Dexter_The_Trader
Gold prices grind between $1780 - $1815Gold prices grind between $1780 - $1815. The 4-hour chart indicates to be long above $1,815 and short below $1,780. Between these levels, traders will be at risk of whipsaw price action and sideways consolidation. Even so, a clear downside break of the stated support line, around $1785 by the press time, won’t be enough as multiple levels around $1780 also challenge gold bears. XAUUSD is poised to test its November low at 1,758.81, while below the latter the slide may continue towards the 1,700 figure. => Meanwhile, sustained run-up beyond $1,815 will get a conviction on crossing November 09 swing high near $1,833. Following that, gold can quickly target the $1,850 hurdle whereas the $1,870 and the monthly peak of $1,877 could entertain the bulls afterward.
OANDA:XAUUSD
by UK_LEE
EURGBP: Preparing a leg up in the sideways formation.EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout. We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below the candle that will lead to the breakout. Below you van see the daily chart where the bottom of the channel is being tested.
Long
by Chartist-Trading
EURUSD: Waiting for an upside breakout for Long EntryEURUSD is showing signs of reversal after last week drop. As we can see in the hourly chart price has stalled and formed a sideways formation at 1.1430-50 area, while RSI has already formed an uptrend. In the Daily chart below we can see that the trendline that joins the major lows during the downtrend from June is being tested again. We will ise an hourly close above 1.1470 for entry setting the stops below Friday's lows.
Long
by Chartist-Trading
1