imvijaygir

imvijaygir

Amidst the middle east war tension, the conditions are worsening for a positive sentiment in market. Btc is has already taken more than 20% fall and some alts have taken even 50% damage. Internation stock markets are also suffering this tension. stay alert of these situation. Same conditions happened when Russia attacked Ukraine. With all these conditions there...

imvijaygir

We are finally back up from the danger zone but not the time to be fully relaxed. The major support zone was able to hold the price very well. If you pay close attention to the price movement of bitcoin you will understand that we did not just move straight up. The price took a surge, then took a small correction, again rose and took another correction. These...

imvijaygir

If you have read my previous chart idea, I am sure you were ready for this. Now, there is nothing to see in the hourly chart, we have to move towards the daily chart. Here you can see we have touched the Major Support Zone, this is a very crucial barrier for BTC. All the MAs are sitting below it one by one. MACD shows the decrease in bull power. Under this...

imvijaygir

The market went up and got rejected from the upper resistance level. Even though we have 100 MA but I don't think it would be enough to hold the price fall because data shows a large number of shorts are ebing opened. If traders believe market gonna go down, it will. Some people will make profit but rest they will get liquidated when the price will take a sudden...

imvijaygir

In the last 2 days, Bitcoin has received support from the $66,000 zone four times, and the rejection from $67,800 twice and from $68,700 one time. A simple rule, the more the hit the weaken the support or resistance becomes. As discussed in the previous post, Bitcoin price came down to take support from level 2, and bounced back. Now the previous support level...

imvijaygir

So we are back with a new monday and if you have been keeping an eye on the chart, you know it played out exactly as we wanted. We had a weekly close above the resistance and the btc has created 2 small supports about the resistance. Be warned, these supports can be tested multiple times and there might come a time if the bear volume rises that price comes down to...