Just a perspective on the market. Support/Resistance lines seem valid for last year.
I am bullish on India so would not short this market but expecting large correction relative to current price.
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Sensex has now finished above the 2018-trendline for the third time on a weekly basis. RSI also showing strength.
More confirmation that India is now a good place to invest your money.
For educational and entertainment purposes. Not investment advice.
Can you spot the pattern? The past 2 times the SENSEX has out outperformed the S&P 500, we have seen big bases, trendline breakouts and RSI confirmation.
Wait and watch to see if history repeats itself this time too.
If the ratio stays above the trendline for a 2-3 week period, it's game on for Sensex.
For educational and entertainment purposes. Not...
ETH / SENSEX above 2.5 looks good.
Also, check out the superb trendline since ETH inception.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
As long as we are above 36.9 for BTC / Sensex, there's no reason not to own BTC.
The almost-10-year-old trendline is also acting as a strong support zone.
One more interesting point to note is how BTC ripped up in May 2017 after breaking out of the Nov 2013 highs. After the May 2017 breakout, the former highs acted as support in July 2017. Post that retest, BTC...
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Markets went down drastically due to covid (Mar 2020), Sensex went down -30% .As people started to get more aware of covid, lockdowns lifting, stimulus from governments, vaccines all of them together pushed the market back to track quickly.
But markets didn't stop at the trend line, They are continuing to make higher highs and going to dangerous levels (As of...