Pratik_4Clover

Pratik_4Clover

As discussed last time, for Nifty 17500 is going to be a good support area on daily chart. Now lets zoom out a little and have even larger TF view, this is weekly. And as you can see, on weekly chart were are not even near to bearish zone. So any and all speculations of bearish market, or bearish trend for upcoming years, is just out of the wind. We are in a...

Pratik_4Clover

Recent budget and more importantly, recent adani fiasco, lot of ppl are in two minds and are habitually going in bear mode on Indian markets. But I'll have contrary view, as usual. I see Nifty taking a really strong support from 17500 area approx. and bounce for new highs, even as far as doubling the market in next 5 years. This analysis is based on trendline...

Pratik_4Clover

Our target of 18k has been achieved, we can expect 17960 to hold. Rest of the day should be dull sideways movement. Tomorrow (well after holiday, so day after tomorrow) markets may open gap and go down again till divergences are formed.

Pratik_4Clover

BTC is in a very interesting place right now, there is sign of buying on weekly charts but is it what ppl call "Dead cat bounce" or whales pushing the liquidity in. My personal target is 25k, if and when that reaches, I would short and wait for it to pre 2017 levels. So long till 25k, then get everything out of the market.

Pratik_4Clover

BTC is in very bullish mode since it broke out from its range, no hiccups till 25k. Be careful when we get there though, there is scope for ppl booking profits. So price may go down again. Well, till then, keep buying downswings.

Pratik_4Clover

Markets are looking weak, for initial target of 18k one could short, if downside continues will update the target.

Pratik_4Clover

As discussed previously, BTC has continued its strong run and breakout momentum to move towards 25k BTC, there is minor resistance at 22400-600 area, but that should be breached soon enough. It pays off to have faith in your own reads irrespective of what the crowd is doing.

Pratik_4Clover

BTC is looking prime and ready to hit 25k if sustains 21150, out previous bullish view is growing strong with the trend.

Pratik_4Clover

BTC seems to be in very bullish mode, not sure if its fake out or not, but I can see stronger momentum in this leg up than the what we had in last few months. This is good sign for the hopefuls like me, who have been on positive side of the BTC. On weekly also it has shown strong signs of possible break out.

Pratik_4Clover

BTC is at important juncture, if it breaks out from here then it could regain most of its losses in last fall from its highs. It remains to see if there would be enough interests by whales to push it as much as they did last time. Nevertheless, need to watch carefully for next few sessions.

Pratik_4Clover

BTC seems bearish in next few sessions. Might bounce from ADR low of this session, will see there if there is enough bull power to pull it up. This has been consistent range for BTC, something will eventually give in, be on look out, long term view is still very bullish on BTC.

Pratik_4Clover

I know lately there is lot of fun making going around crypto world, I also know lot of people are panicking with their positions who had average of 20k+ entry. However, I for one see lot of positive from recent price action on daily BTC chart. Lets look at the reasons for my view; 1. Even after massive bad news barrage, BTC is still not a "Scam", its still...

Pratik_4Clover

BTC is trading at upper premium levels for intra trade. Its a good spot to start shorting it for intraday tade.

Pratik_4Clover

Usually during festive season buying of gold multiplies by many times in India, a very large scale gold market. Also, global uncertainties due to Credit Suisse bank issue has some people going back to old safe bet. At current level its very difficult to give buy signal, but on any tracebacks gold should be bought till at least Feb-March month. Also, while there...

Pratik_4Clover

On large time frame it seems like there is possibility of BTC gaining its lost bullish steam. I'm hopeful for more than 40k at least. Will have to see at that time what the markets say to decide if its a dead cat bounce or a rejuvenation.

Pratik_4Clover

I know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current...

Pratik_4Clover

It's not a good sign for upcoming price action, wild swings without any real reason and along with volumes which are equally wild can result in more volatile upcoming few sessions. In such a situations it's usually better to stay out of the market than get rolled over by it. -For short term traders

01:22

Pratik_4Clover

BTC has stayed in expected value area range due to low volumes on holidays. We will decide our trade based on which side we get breakout, if it is with good volume we will ride with the dominant trend direction. Note, publishing my first video as bit of a test as well, if this turns out doable I'll start publishing regularly. Regards.