Swastik24

Swastik24

If BTC had to follow break out of triangle pattern, then the retest bounce on 1st of April would have soared high. Now it is getting invalidated (in confluence with RSI) and the support became resistance again. As stated in my previous TA on weekly time frame, Rising wedge or potential bear flag is forming. Link is provided below for your reference. Peace !!

Swastik24

Bear Flag or Rising wedge (Bearish Patterns) It's a continuation pattern and RSI also showing hidden bearish divergence. Daily MACD flashed sell signal. As per pattern, technical target should be around 30500 level which is in confluence with all my previous targets. Peace !!

Swastik24

Scenario 1 The chart pattern looks like a descending broadening wedge which is a bullish continuation pattern. I am expecting bottom to be around 15000-15300 levels if the above mentioned pattern plays out. For more confluence to my idea, you can check volatility index and dollar index linked below. VIX is at reversal point with bullish divergence in RSI and...

Swastik24

Self explanatory. Every time divergence occurred, market reversed. Expect bearish pressure for both NAS100 & S&P500. This will be the final correction before bull trend resumption. Dollar Index broke out of bull flag pattern and most likely to retest and move upside. Every possible scenarios adding more bearish confluences. Trade with caution. Peace!!

Swastik24

Self explanatory. Each time divergence happened market reversed. NIFTY50 is at strong resistance level and this volatility index is adding more confluence to it. Trade with caution. Peace!!

Swastik24

Bearish crossover of 20 & 50 WMA happened already. Historical crossovers show 54% decline from the week of crossover. Big volume dump at second instance is due to pandemic. I don't think 54% dump possible this time. Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%, then BTC can correct almost 35% to 30,000 level approx.

Swastik24

One last pullback pending towards 15300 level and market will try to fill the gap if fake out happens at resistance zone. Five confluences will build up strong resistance at current level: 1) 16965 is exactly at 50% FIB level. 2) Previous strong support now strong resistance zone. 3) Relief rally possibly fill the gap created during strong downward momentum. 4)...

Swastik24

Most complex correction I have ever seen. Best case scenario in case Bitcoin ETF is going to launch in April 2022. This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found. In most cases these corrections are not deep. As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures...

Swastik24

Gold last leg up. Two scenarios are likely to happen: (i) Expanded Flat Correction shown in red. (ii) Zigzag correction shown in white. In my opinion expanded flat correction is more likely to happen logically when stocks indices are expected to make a lower low and technically the Daily TF trendline hasn't broken yet which confirms overall uptrend. Max upside...

Swastik24

In a triangle correction, price action remains sideways with 5 waves each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines. If this plays out like I illustrated then we will see BTC at 21K level. If there is upside breakout then price will head higher. The best part is wave 4 is still valid even if we reach those lows.

Swastik24

In a triangle correction, price action remains sideways with 5 waves each having 3 sub waves, so the pattern looks like 3-3-3-3-3 as highlighted in white lines. If this plays out like I illustrated then we will see BTC at 21K level. If there is upside breakout then price will head higher. The best part is wave 4 is still valid even if we reach those lows.

Swastik24

I have identified possible key reversal zones near its ATH and at its long term trendline support. You can use these to correlate with stocks & cryptos. Expecting one final 5th wave for stock markets, when Gold will be crashing towards $1500 level then possibility of bear market may arise due to aggressive Fed tightening which will push Gold to new ATH of around...

Swastik24

If Gold will rally towards its all time high then we can expect stocks & cryptos markets to underperform as they have an inverse correlation. Expecting Gold to make a double top near its ATH as other markets are correcting. Manage your trades accordingly. Peace.....

Swastik24 Updated 

Emergency update!!! BTC showing weakness at current resistance level, which is also at golden ratio with strong divergence in RSI. It may find support around 31K level Ultimate point of reversal is around 25K level, which is confluence of fib level and bottom of pitchfork It is going through expanded wave type flat correction as per my analysis.

Swastik24

The reason behind fall of BITCOIN!! Dollar Index is heading towards 100 mark. Red line is strong resistance, which is near 0.618 Fib extension. If you flip dollar index, u will see a pattern similar to BTC. Not just chart pattern, there are several other factors associated to consider while predicting price moves. Whenever dollar index rises, stocks and...

Swastik24

For those who are highly bullish in TATA Power. Weekly divergence in RSI with declining volume activity will lead to dump. Fresh buying zone around 175.

Swastik24

BTC almost touched 34K which is the technical target of bear flag formed near 46-51K region. If this level will not sustain then the ultimate low will be at 31K level with divergence in RSI for potential reversal. It should not go beyond that to continue upside. Keep accumulating potential altcoins for max gains. Plz do your due diligence before investing.

Swastik24

BTC will be hitting 56100, where it will retrace to 53800 then finally 62500. If goes beyond then new era will begin. Otherwise Head and Shoulder pattern may form. You can see multiple confluences showing price reversal from current level.