Hello all , Bank Nifty is so slow yesterday and did not make any major move, maybe it's happened because of the June Closing. There is 2 major point of bank Bank Nifty and it was traded btw in these 2 points for a couple of weeks. 26136 is a major support and 26762 is resistance. Bank Nifty was trading btw in this channel but I had seen a bearish divergence in 2...
Explained everything on the chart. Good luck everyone
ETHUSD DAILY UPDATE - 21/06/2018 Correction of cycle from inception to 1,420.00 high is called completed at 358.40 and while above this level, we should see more upside and a challenge of 832.37 to initiate a bullish sequence. Until then, the altcoin is navigating within equal leg area at 581.61-174.72. From 358.40, ethusd bounced in and is showing a motive 5...
BTCUSD 4H UPDATE - 21/06/2018 Lots of conflicting signs with break of 6,427.16 which reflects the uncertainty of market conditions: Everybody being long, there is an impossibility to go higher without fresh longs (therefore seller and new buyers with money), and those can only come from big players which are now testing the market to check if they can buy lower...
BTCUSD DAILY UPDATE - 21/06/2018 What makes the daily bullish is the motive 5 waves to 19,666.00 high, because since that level, we see lower highs and lower lows ... So that motive 5 waves does not call the end of the correction. Daily time frame is pretty long term view for an individual trader. Now, break of 6,427.16 few sessions back was disappointing for...
BTCUSD WEEKLY UPDATE - 21/06/2018 In weekly, bitcoin has ended a sequence from inception to reach 19,666.00 high last yeast and since then we have seen a correction (past 6 months). I proposed to end the correction at 5,920.72 but as mentioned before, this is a soft support because there is no bullish sequence as of now and true support is 0.00! The end of the...
Metaverse ETP drops further on the short term after the failure to breakout above the outside sliding parallel line (sl). Right now is pressuring the UML and could also reach the 0.6000 level again. Only a valid breakout above the sliding line (sl) will give us a chance to go long again, while a drop below the 0.5701 will invalidate a bullish scenario.
IOTA/USD increased a little after retesting the 1505% line. A valid breakdown below it will send the rate towards the first warning line (wl1). The perspective remains bearish on the short term as long as the rate stays below the minor downtrend line. It should drop if will close below the 1.22466111 yesterday's low
Bitcoin dropped aggressively in the yesterday's trading session and was almost to reach the 6425 low. I've said in the previous days that the crypto could drop much deeper if will make a valid breakdown below the 150% Fibonacci line. It will drop at least till the 6000 psychological level if closes below the 6425 low and if continues to stay below the 150% line...
It should drop much deeper on the Daily chart. The rate erased today's gains and confirmed a further drop towards the WL1 and towards the 150% line.
BCH/BTC has managed to increase a little and to stay above UML of the descending pitchfork and above the lower median line (LML) of the ascending pitchfork. Price failed to reach and retest the upside line of the down channel so a breakdown below the LML and below the outside sliding line (sl) of the ascending pitchfork is still favored. Only a valid breakout...
EDO/USD slipped lower in the last hours and could approach the 1.1120 former low. The drop was expected after the failure to stay and stabilize above the lower median line (LML) of the ascending pitchfork. The breakdown below the outside sliding line (SL1) has signaled a significant drop. Price is located below the 150% and it could still drop after a minor...
The technical indicators of my strategy have confirmed an entry for a long (buy) position on the H1 chart. B to C wave trade. TP 1: 1.1807 TP 2: 1.1833 Should the previous high break, I anticipate a target of 1.1900
I have been saying this long time ago, the lockup in crypto is that everybody is long and holding. Referring to Rodrigue charts, public must be purged at some point for the market to resume its trend. So new lows in NEOUSD and outlook of other altcoin could be proving the point here. Problem is where will it stop? I don't have the answer and any level proposed...
NEOUSD 4H UPDATE - 09/06/2018 View unchanged, although NEOUSD is very heavy in lower time frame and trapped in a tight range for last 3 days. RSI trendline is holding and we still need a break above 58.31 to confirm a bullish sequence and give 47.45 more conviction as end of cycle from 25/04/2018. Invalidation level to the upside remains 44.16. It has to be...
Hi everyone, Still away from the desk but not from cryptos (wonderful job that is trader!). Ok, no blabla but facts. We reached equal leg area at 7,166.59 (I started to buy 7,617.73 in 1h) and price bounced like it did at 8,424.42 (got stopped out break even back then), so now what? Well, in 1h we have a bullish sequence (refer to the Education Idea for more on...
Hi everyone, Yesterday was a "what the heck just happened!" day! But clarity always comes from higher time frame (4h) So, if I take the most aggressive count here, there is not much conviction behind, so I don't like to buy at current levels and would prefer to see the 5th wave completing and buy green 2 lower or if we have double correction from current levels...
Things are getting complicated... or very clear (only future will tell us haha). We are in the zone where it happens to the upside, otherwise it is gonna be messy 4h view is unchanged, no there is no need for big end of the bitcoin talk. Levels are in place and we know what to do or not to do! Every week, for one particular cryptocurrency, in addition to the...