Long awaited chart from me. There was no proper price movements at my levels to post the new chart. Anyway, This is how it looks like. All the supports and trend lines are marked on my chart. The long white trendline is for the log chart shown in the image and the red one is on the linear chart. In addition to that, will post my levels right in the comments as per my previous idea. This has broken the long held support of 19170ish and now need to wait for todays confirmation candle. If we close the day below yesterdays daily close, we see further downside. Keep watching my comments for timely updates.
everything looks bad on chart. you see a technical analyst will only see chart. they don't care of fundamentals. may it be a traditional stock or anything. today i booked 11% profit on indian market on a stock.. but that nifty has formed a bearish wedge, bearish divergence on macd, mfi, rsi,. on a daily chart. a put of 18000 intraday depending on dow would be a good bet
so I thought it could be abt the fed seizure of btc, but is not the case. anyway..i will be out of all markets for some time now.
ashisht2
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come on guys fed won't dump in open market. get a life!
ashisht2
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this needs to continue sideway or hold 20000 to continue upside move. not otherwise. this could be the fear of silk road siezed btc to be dumped by fed. no other reason that I know of.
ashisht2
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fed cannot just keep increasing rates just to control inflation. other things will go hay wire
ashisht2
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like i told, this is holding it. major breakdown 19170ish. if not, we see higher highs
ashisht2
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just to be cautious.. after the anouncement of 0.75 this has to go up December should cool it down. this is expected by market!!
ashisht2
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imo fed impact may not be seen as much as before..people are getting use to it now.