AbhijitRath

AbhijitRath

Lehman Brother crisis, 2018 Mini Crash 2000 Bubble. Ok What do they have in Common you say? It's the Fibonacci 61.8 (The Golden ratio) yes, every time there is a rally it touched 61.8 and what followed was a big crash. 2008 same , 2022 same story different character. I have seen this before. Yes, I am seeing it again. Be prepared folks. N.B: Projections are...

AbhijitRath

In 2020, I shared the analysis of short and then it went backup . But, What followed was a biggest upside because of the unlimited QE . Now, That there is no QE but QT the excessive reserves are sent to economy. Previously, I said Fed needs a bailout of around $10 Trillion to save the crash . Bingo, Fed Reserves went as high as up to $9 trillion with unlimited...

AbhijitRath

Same Pattern again and again. Precisely after a bear trap looks like we are going for another leg down towards 14662 and a more extend could lead to 13700 levels that's below 14000. Blomberg on the other hand reported that there is 0% chance that India slips into the Recession. May be but the chart says a different story. Technical lags Fundamentals...

AbhijitRath

in the previous post, I did say we are crashing and this is happening. Fundamentally, it is down as well. Shops closed, Restaurants closed, Flying banned, Travel Industry got hit. Apple stores closed in China, Alibaba took a hit. So, Is there a possibility of a bounce. Fundamentally No. Companies are going to report losses. Losses after losses. And we have...

AbhijitRath

Last week I said NASDAQ will crash to 7415 regions and it did. Is there a possibility we make a bounce from here? Well, Maybe. Will it crash and remain in the bearish territory? Maybe. There are some fundamental factors that are currently moving literally everything in the Financial markets. Fed and Central Banks are trying to cope up with the recession and...

AbhijitRath

Sell the rallies for now till coronavirus ends. We should see a perfect dip to 7451 and institutions shall pull up their trigger for buys. Longer buys TBH. Interest rate cuts will then happen massively making it negative. I see Central Banks started panicking beforehand which increases the risk of hyperinflation. If 7451 fails to support. Prepare for a crash...

AbhijitRath Updated 

So far in the previous IDEA, I did mention that BTC is going to reach 11167 dollars and it did at the same point and got retracted back to support.. Now it is going to retest that resistance again. As long as there is no reversal/pullback in the vicinity of Resistance at 11167 dollars and the buying pressure persists, then the next profit opportunities might be...

AbhijitRath Updated 

Resistance level broke and heading towards 11167 dollars if it breaks further we will see BTC hovering over 11700 dollar level. After 11167 dollars we may see a pullback towards previous resistance which becomes support and if the potential break out occurs we may see further down but not much and if it breaks 11167 dollars resistance we are heading towards 11700...

AbhijitRath Updated 

Looks like BTC bulls are back...After seeing a fine bounce back from support levels now BTC is trading at 9300 dollars. BTC just broke the Ichimoku Cloud. Now, We can see straight bullish trend heading towards 10000 dollars..Moreover, It made a double bottom.... Ready for the first target: 10.2k Disclaimer: Trade at your own risk