MarxBabu

MarxBabu

Looking at the 6D analysis it is very clear that Nifty is in bear hands . This fall and downtrend will continue ,Minimum for another 4 Candle 6D which is close to one month this downtrend will continue.

MarxBabu Updated 

Just by looking at the Volume pattern ,the recent BULL Move failed due to the inadequate buyers in the market. This was apparently reflected in the move of the VOLUME. The Present Move as well is not so great ,Both Bear and Bull fighting to move the market however since those are not key institution heavy money jumbos ,and played by less BITCOIN holding retail...

MarxBabu

Since Market is trading 24H 7days a week and 365 round the clock ,Just wanted to map this pattern with 7D chart. What all i see is the current 10k down move is JUST a Panic What does that mean ? BITCOIN has more potential to move higher than going down. Even if this breaks the key Trend ,below 44k move is looking to be very tough and not reasonable too. On the...

MarxBabu

Looking at the simple chart in 4H timeframe and studying the Key Demand Zone ,it is evident that price will again touch the 66500 level . The current candle clearly shows there is a fullback and price action is very favor to UP MOVE Retailers not have force to move them up that's the reason in the last 6 candles price is within the black oscillation range . This...

MarxBabu

I have been tracking the ITC for some time ,Every move is exactly based on the Key Fibonacci Extension and Retracement levels of 38.2,50,61.8 ,In the last two down move it placed a support exactly at the key FIB level and started moving. I see this move lead to 248 to 250 levels first before it makes any correction again.

MarxBabu

Looking at the BITCOIN chart it is clear that it is in the Weak support(Yellow Line) ,So WHAT is next ? It should break this level and move further down. The next strong support is at 56K levels ,Why this becomes the next strong support is because the previous up move started from that level. Looking at the First Blue candle and Green line will give some...

MarxBabu

Based on my Analysis willing to share the BITCOIN path for another two weeks time ;it is just for education purpose only 👈 🏑 The First Step : Chose Weekly timeframe ,Marked 4 Levels 🏑 * Recent High 64895 * Average Trade Zone from High 58815 Optimum Average TopSide ** Low in the recent weeks and Months 48867 **Reversal from Low and Average Trade Price ...

MarxBabu

Looking at the ETH chart with the simple channel analysis shows it has more opportunity for the short than the long Near team it wont cross 4000 as it is the channel wedge resistance for Ethereum Where us Bitcoin seem to be halting at big support level of 46000+ and would aim for higher moves . It is a rare case is see BITCOIN , ETHERIUM would travel in...

MarxBabu Updated 

These two similar box tells that price of the crypto market especially in BTCUSD area trying to move up . I see with this current move this will be soon happening . 30min can give more clear picture :

MarxBabu

Looking at the 1H and D chart it looks very much that EURGBP is forming a Parallel down channel. If it goes out of hand ,it may touch 0.87333-0.87222 and then reverse. When the volume is decreasing and not crossing its 4h 20EMA volume above ,it can be confirmed this is the reversal point.

MarxBabu Updated 

Crypto is seeing bear pressure now. Especially BTCUSD could not cross 62000 USD for the past three consecutive moves . The trend of smaller zones (yellow connects of first "Down") as per the picture The trend of Bigger Zones (Yellow connects of Second "down") as per the chart shows that more downfall will be strong than the up moves . Need to watch the move of...

MarxBabu

It is simple comparison of the bitcoin with its volatility index, as we normally do for all the stocks ,Here it is for Bitcoin. Interpretation : Every time The Index line is high above the Bitcoin price ,Huge Bulls are controlling the price right after this formation. Index line is below the candle , Price is falling ,it usually spans week to month .

MarxBabu

BITCOIN was trying to reach 14800 before the election result. It attempted to touch that price several times in the last one week now it is failed. As you see in the chart ,price is flat in the top and volumes are not great. This is clear sign 13400 broken heavy winding going to happen in the down direction.

MarxBabu

EURJPY moved in positive direction long back still it looks to be a long as per LongBuyLongSellIndicator

MarxBabu

The price as per the LongBuyLongsell indicator is almost nearing the resistance. This week will be a short side as price will fall from this level. LBLS indicator here :https://www.tradingview.com/script/jU78tzAr-LongBuyLongSellIndicator/

MarxBabu

Looking at the chart ,Price is near the resistance ,It could not break two key resistance level Now it is a time for the reversal. Using LongBuyLongSellIndicator (Displayed chart is based on this indicator) in lower time-frame i checked it shows clear reversal and good short point. This is the Script i used for Analysis :

MarxBabu

In my yesterdays 4hr analysis i was clearly mentioning short is not now long will continue ,Exactly same from 9335 to 9500 it touched Here is the Link for that idea , Now it is very clear that in 15min chart we see a good short move is coming .Watch this space ,i will update the move here with screenshot chart. Here is the CHART Script i used for this analysis...

MarxBabu Updated 

Friends, Nicely spotted a scalp opportunity at this 15min time frame as a SHORT . Why this is a short : Price could not move further up, It is making black candles in between. Strengthmeters on top such as 1 2 3 P D showing short is lining up . I am expecting good down move ,There is a arrow mark that shows the down level which can be a TP level too. Idea...