Spot
NIFTY spot Beginning of SupplyNSE:NIFTY
Last Two Barrs (Week of 17th and 23rd November 2020) Of The Weekly Chart Of Nifty Spot Are May Be The Indications Of Beginning Of The Supply And A Good Correction After A Descent Rally Will Be Near.
Why I am saying this will be the beginning of the supply, well look at the range marked which starts from the week of 23rd March 2020 and end at 09th November 2020 and try to observe the price range of each candle those were looking good while they were moving up and closing of those candles were also descent (near the high of the candle) and you can clearly say there is no hurdle for prices to move up.
Now all of a sudden, “not actually though, as there is nothing which happens suddenly in stock market its all pre planned”, if we see last two weeks candles and try to compare with them with the trading range mentioned above you will notice there is definitely some weakness appearing for higher prices now.
There are few more things which are in favor of this view, one of which is that index now trading at its lifetime high, almost 700 points up from last lifetime high and second one is Trend Line which is now acting like a good resistance.
Do note one think, these all things does not mean we are going to see correction right a way in coming weeks (well it may also be depends on smart money’s mood) it may take some time for smart money to unload descent amount of supply and once they done it will show good correction.
Prices may churn for a while and we will see mushrooming top forming on top (which may create minor new high) at least on daily chart.
Consider last two weeks(Week of 17th and 23rd November 2020) high and low as which are 13145-12730 a range for NIFTY spot where we will see retailers getting trapped in to psychology of HOPE.
FET/BTC 4h (Binance Spot)Descending triangle breakout & pullbackFetch is looking ready for next move up, again.
Current Price= 0.00000287
Buy Entry= 0.00000287 - 0.00000279
Take Profit= 0.00000319 | 0.00000341 | 0.00000378
Stop Loss= 0.0000259
Risk/Reward= 1:1.5 | 1:2.42 | 1:3.96
Expected Profit= +12.72% | +20.49% | +33.57%
Possible Loss= -8.48%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 240h
KMD/BTC 12h (Binance Spot) Descending channel breakoutKomodo broke bullish at last, first of the falling wedge then of the parallel channel.
And it just pulled back so I believe it's time to re-enter above 50MA!
Current Price= 0.0000323
Buy Entry= 0.0000325 - 0.0000295
Take Profit= 0.0000454 | 0.0000596 | 0.0000705
Stop Loss= 0.0000215
Risk/Reward= 1:1.52 | 1:3.01 | 1:4.16
Expected Profit= +46.45% | +92.26% | +127.42%
Possible Loss= -30.65%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 840h
TRX/BTC 3h (Binance Spot) Descending channel breakoutTron broke bullish at last, the idea is to jump in on a last pull-back.
Current Price= 0.00000162
Buy Entry= 0.00000157 - 0.00000151
Take Profit= 0.00000174 | 0.00000183 | 0.00000195
Stop Loss= 0.00000138
Risk/Reward= 1:1.25 | 1:1.81 | 1:2.56
Expected Profit= +12.99% | +18.83% | +26.62%
Possible Loss= -10.39%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 240h
ETH/BTC 1D (Binance Spot) Falling wedge on supportWe are all waiting on Ethereum to make a move starting the AltSeason, so let's give it a try on that demand zone.
Current Price= 0.026380
Buy Entry= 0.026405 - 0.025185
Take Profit= 0.028592 | 0.030466 | 0.031872
Stop Loss= 0.024395
Risk/Reward= 1:2 | 1:3.34 | 1:4.34
Expected Profit= +10.84% | +18.11% | +23.56%
Possible Loss= -5.43%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1440h
ADA/USDT 2h (Binance Futures) Descending triangle near breakoutCardano is getting ready for the next big move, I expect it will be upwards as long as 200MA is holding the trend!
The chart is showing Spot pair, but we will trade it with low leverage in Futures market.
Current Price= 0.10302
Buy Entry= 0.10310 - 0.10106
Take Profit= 0.10756 | 0.11299 | 0.11842
Stop Loss= 0.09664
Risk/Reward= 1:1 | 1:2 | 1:3
Expected Profit= +10.66% | +21.28% | +31.92%
Possible Loss= -10.66%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 240h
Stocks To Watch This Week Nov 14I went through and created a watchlist for names that have held up well in this choppy environment. Most of these names are at or near all time highs or multi year highs. There are 40 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. There are also some financial stocks which may be starting to outperform the broader market. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Spotify Ascending Wedge- 22% Long positionOn the 2hr chart there is an ascending wedge where spotify is clearly trading in between. If all goes well, it should bounce off the bottom white line of the wedge, if not it should bounce off around the yellow support line (in theory). If it bounces from the white support line we can expect a 22% gain in a long term position.
My idea of a swing trade would be:
1. Would buy before the white support line and sell at the top.
2. Stop- loss just beneath the yellow support line
What do you think?
BAT/BTC 15m (Binance Spot) Bullish flag breakout & retestBasic Attention Token has just broken bullish and is pulling back to give us entry, time to get onboard for a scalp!
Current Price= 0.00001323
Buy Entry= 0.00001329 - 0.00001319
Take Profit= 0.00001353 | 0.00001382 | 0.00001415
Stop Loss= 0.00001295
Risk/Reward= 1:1 | 1:2 | 1:3.14
Expected Profit= +2.19% | +4.38% | +6.87%
Possible Loss= -2.19%
Fib. Retracement=1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 48h
LONG POSITION FOR WAVESUSDT IN BINANCE CHARTI THINK AFTER PULLBACK ON "PERFECT TRRIGER" IT`S GOING UP ! 8D
BTC/USDT 1D (Binance Spot) Big ascending channel trending#Bitcoin is up trending again and killing it all, let's try to catch a dip on a pullback for a nice swing!
This is the Spot pair chart, but we will trade it on Futures with low leverage, wait for entry zone to be reached.
Current Price= 14889.62
Buy Entry= 14552.30 - 14032.30
Take Profit= 15096.00 | 15799.90 | 16699.37
Stop Loss= 13488.60
Risk/Reward= 1:1 | 1:1.88 | 1:2.99
Expected Profit= +11.24% | +21.10% | +33.68%
Possible Loss= -11.24%
Fib. Retracement= 2 | 2.272 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 1440h
PAXG/BTC 4h (Binance Spot) Descending channel on support, againI know, I'm trying hard with #PaxGold but I've got that feeling it will be worth it.
XAU (true #Gold) is very bullish, not as much as BTC but still, take that as a hedge position if crypto market dips!
Current Price= 0.12701
Buy Entry= 0.12535 - 0.12161
Take Profit= 0.13208 | 0.13858 | 0.14987
Stop Loss= 0.11488
Risk/Reward= 1:1.2 | 1:1.76 | 1:3.07
Expected Profit= +6.96% | +12.23% | +21.37%
Possible Loss= -6.96%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 360h
ADA/BTC 1D (Binance Spot) Falling wedge on support#Cardano is getting ready for reversal here since the support seems to be holding so far.
It's too early to call for a breakout, but at least a pump to wedge resistance is highly probable!
You can trade it on Spot or in Margin but be careful with liquidation price if you decide to do so...
Current Price= 0.00000673
Buy Entry= 0.00000678 - 0.00000642
Take Profit= 0.00000737 | 0.00000824 | 0.00000919
Stop Loss= 0.00000596
Risk/Reward= 1:1.2 | 1:2.56 | 1:4.05
Expected Profit= +11.67% | +24.85% | +39.24%
Possible Loss= -9.70%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1080h