Shivkumar600

Shivkumar600

IIn my previous post, I mentioned that the market could potentially reach $100K, and I also warned of sharp volatility in that region. As expected, the market responded accordingly. Over the last 8 years or so, we've repeatedly heard predictions that Bitcoin would hit $100K, and now it has, much to the delight of HODLers. The big question now is: What’s next?...

Shivkumar600

In my previous post, I highlighted the formation of an H&S pattern and mentioned that a rally could occur around the 23,000 level. Once that target was reached, a rebound was expected, and indeed, the market has bounced back. However, as long as the market remains below the 24,500 level on a daily close, we can expect a drop to around 21,900, which represents the...

Shivkumar600

Bitcoin formed a classic flag pattern and remained within a channel for about six months before breaking out of the bull flag. The next key target appears to be around the $100,000 level, where it could face significant resistance and possibly a major correction. Once the target is reached, the market is likely to experience a sharp reversal, driven by the high...

Shivkumar600

I haven't been a regular here, but I remember spotting this setup on Nifty a while ago and decided to go short. The market had formed a Head and Shoulders (H&S) pattern, which traditionally signals a top. However, given the market's behavior over the past couple of years, it was difficult to call it a clear reversal. Still, I remained short, albeit with...

Shivkumar600

Markets have been riding downhill for a long time now and closer to parity.....BIG intersections at these Levels Watch out ....

Shivkumar600

Gold is at a very critical support level, threatening the bullish structure. In the short term I do see this as a very good buying opportunity, the risk is below 1720, a break which could eventually test the 1678 handle and a break will subsequently bring markets to the 1422 handle (projected target in the long term) Coming to the immediate bullish structure,...

Shivkumar600

Market have been coiling in a stubborn range for sometime now, but at the same time respecting key levels and moving exactly as per technical indicators. 1822 is the key over here and as long as this level holds we could see a move up towards area closer to 1920. The bears should kick in again and drive markets below 1822 and then 1677. In case 1822 breaks here...

Shivkumar600

One can go long at current levels or closer to the 28700 handle, mind you there is nothing below 28700 and a convincing break below 28700 will take markets to the 18K range. One really needs to be careful trading crypto, its not the best of the instrument to have in your portfolio. Don't just get into the markets because of random news or FOMO or the MOON :)...

Shivkumar600

The best part about trading is "buy at high and sell at low" or did I miss a point or so... over the last many years retail crowd follows the golden rule of buy at high and sell at low and get butchered. It amuses me how people cannot understand a simple trading logic, or maybe the herd mentality can't get over. Gold for instance is the classic example over...

Shivkumar600

I have been short at 1995 the 61% of the correction and market come true, the targets for the shorts were around the 1835 mark. I have exited my shorts and looking for buy at current levels with stops below the rising trend line. We could go back to the 1950 handle and bears will come back hard. If markets has to break 1835 we could go as low as 1679. Will market...

Shivkumar600

market is carving out a plausible H&S pattern, break of 1911 (so called neckline) will take markets to the 1950 handle, over all the trend is bearish and we can still see a drop towards 1836. use your stops

Shivkumar600

Thats a monstrous inverted head and shoulder pattern on a monthly chart, shorts be very careful

Shivkumar600

Market carving out a typical bearish flag patter, I wouldn't want to add longs here for few pips, instead will look to short around 1970 levels or on a break of the flag, once we have the short set up in place look for targets closer to 1820 and 1775 in extension

Shivkumar600

Market is making a larger H&S pattern, and as long as it is below the 190 handle expect market to make a decent correction towards 1745. Break of 1906 will accelerate the slide

Shivkumar600

I see a lot of articles where traders are trying to draw all possible lines and diagrams to justify their particular trade, and unfortunately they are all trading against the trend and forcing markets to go the other way round. Unfortunately markets are currently going down and we should be hitting 1875 region before any substantial correction, I am short from...

Shivkumar600

I did mention about a possible H&S pattern in the making while prices were around 1992, it did form and as expected the downside spiral has come into action, price breached the 38% with ease and now settling around the 50% mark, move stops below the 38%, I don't think the 50% level would hold too long and we should see a drop towards 1891 which is the 61% mark.

Shivkumar600

I do apologize for the disaster drawings :) anyway head and shoulder pattern in the making, 1975 gives away we are heading to 1875, stops should be at 2022 and that ironically is the year we are also in...use stops and ride the bus

Shivkumar600 Updated 

looking to sell against the high with targets around 1940/1920...use stops