Just a simple PA logic here: BTC has formed this wedge in 2 months and has been respecting its upper and lower trendlines. On higher TF (w), BTC is still holding up Bullish. In this case we should be looking for opportunities for long position. On entry can be at the breakout of upper trendline, we can enter a long trade on a pullback to 27500 level with a very...
Bullish Bias on BTC with following reasons: 1W chart 1. CHoCH change of character. As shown here with the path of price movement, we can see price of BTC has already broke the structure. Previously we can see it was forming LLs and LHs, now we can see it has started forming HLs and HHs. 2. 20 EMA crossing over 50 EMA. Both are above 200 EMA. We can see last...
NIfty has been bullish and showing buying on every dip. Buyers stepping in on each levels. Today Nifty opened flat, started going down and then we saw a bounce again at 18350-360 zone, which was the resistance zone for the range we saw in previous few days. Entered a long trade at the close of second 15m candle which was itself a hammer. SL is at 18358....
Nifty has been showing strength and buyers steeping in anytime the market has been coming down to 18200-230 levels. Chart has formed a range between 18200-18342. 18342 is breakout level on the upper side of the range. We closed at the upper side of the range on Friday. Any pullback and bounce on support levels of 18287 or 18230 can be bought. Targets are...
Bullish structure still holding up. spotted a bulish signal on 15m chart. Entered a Long trade for 2R reward.
Nifty has been showing strength and the sellers are continuously failing to bring the market down. Bullish market structure is intact and the yesterday's Bullish candle and the candlestick pattern form is a strong Bullish Signal. Immediate support is in the range of 18200 and 18228. Resistance and potential targets for today are 18321, 18344, and 18386. Have...
Here you can see Reliance created a U shape pattern at 2200 level and now it has given a breakout and also retested the level yesterday. It may be good long opportunity today if the price starts showing strength towards upside today.
As the charts show ETH made a Higher High on a 4H chart, while at the same time BTC made a Lower Low on the same time frame chart. As of now, ETH seems to be in a stronger position than BTC.