NIFTY 50, BOUNCED OFF from the levels as mentioned on the post related to 26th May 2022. We are seeing some bullish momentum to break 16400 levels. Once this level is taken we can even test 16600 levels.
After this is over, we will again fall down to make new lows.
Next levels to watch,
* Break of 16200 levels
* Break and test of 16400 levels...
Nifty has taken support near 16078 level, and the day closed with a green candle in last 15 minutes. There can be good support area around these levels for final target of 16400++ levels.
Upside: 16200, 16400, 16600
Downside: 15900 and bounce
With high of 16414.70, we have completed Wave 4 top and now we will go down in Wave 5 (Falcon Waves) to complete Daily Chart Wave D (Falcon Waves).
Wave 5, will have 5 waves of its own, therefore we are in wave 1 at the moment and this can finish around 16000 levels, after that we will go up in wave 2 and then continue moving down.
Previous low will be broken...
Nifty looks like has completed 4, and this up move was just the completion of wave 2 (of bigger wave down)
We will see wave count as 5 waves going down from here, of which 1 and 2 are done, so Monday or Tuesday - we will see wave 3 formation going down.
Note: Red numbers are 1H time frame and Yellow waves are the waves within red 1H time frame.
Chart has all...
Well, not so easy.. not for anyone, perhaps weak structure and irrational counts, now resulting in beautiful ascending wedge in 4H in BTCUSDT.
I am expecting a deep correction to shatter the dreams of CT, who are bullish but have lost count of bounces and pending corrective waves. I think we should trade slow, and steady, one day at at time, perhaps few candles...
Nifty 50, Elliott Wave counts shows down trend marked in the chart.
We can see lower levels taken and final target can be below 15000 Levels if this continues. There is no strength in buyers. With continued FII selling, it is becoming very clear that we have not reached bottom yet.
Follow me for more charts like this on NIfty and Crypto.
Renko Trading is easiest way to avoid noise of the market.
Bitcoin looks stable for now, a quick swing trade in progress, Renko bricks crossed 13 EMA, a typical metrics that I look before going long.
Bitcoin Buy when Renko bars are green, and 13 EMA is crossed
Exit positions as soon as there is one red bar or two red bars
It looks like heavy buying can start from 8 PM UTC, because Gann Analysis points this date and time.
Looks like heavy buying around 8 PM UTC
BTCUSDT has to touch the consolidated levels of 40K, the yellow box tap is incomplete and needs to be done,
check it out here:
Look slike we still have lot of time to take...
Following the principles of vibrations, and the concept that market repeats patterns, here is analysis on BTCUSDT.
Bitcoin started downward spiral from 10th November 2021, the high price of 69198.70 USDT crushed all dreams of people who kept an order for short at 70KUSDT levels, nevertheless, few made it possible and quickly booked profits. Most of CT influencers...
Bitcoin , the one and only that we all are looking at is in Falcon Wave C. Falcon Waves is an ongoing research that I am doing and runs in Wave A, B and C. Where Wave C is the last leg down in 5 waves. For BTCUSDT, this will end 40184 USDT.
This also coincides with monthly key level and daily key level area marked in brown and blue boxes in the chart.
Looks like we had a good short opportunity and now there is a buying opportunity.
Here is the link to my previous analysis way before market started going down.
Hope you all are liking it. Drop some comments on what you think. Thank you.
With cyclic lines, Gann model and analysis there is possible heavy selling zone around 16:00 HRS UTC on Christmas 2021
Only time can tell and I will post updated charts here soon.
Falcon Waves C should start any time soon and the zone of completion is marked in the chart.
Wave C , can be quick one here if buying pressure continues.
Maticusdt is favourite of everyone now, after SOL and Luna ATH, Matic is still moving slowly, but it is moving. Investors are looking at upside of 4++ USDT and they are holding. Daily users are increasing on the blockchain and it looks like Matic is here to stay.
Recently I published a 10D breakout pattern which Matic was able to break and complete price action...
Falcon Waves are ABC waves that are not based on Elliott Wave concept but completely different momentum based concept. Wave A is three waves down, wave B is three waves up and wave C is 5 waves down.
Here we are looking at pattern that is unfolding into 5 waves down for completion of wave C.
Everything is marked in the chart with expectations.
I will post...
RoseUSDT is looking strong, and the trendline breakout and retest is completed. RoseUSDT is looking good at these levels for good bounce upwards for 60%++. I will be posting more charts on ROSEUSDT soon.
Gann analysis on BTCUSDT and other top coins shows 14th Dec onwards as good rally and trend change for upward movement. People want good Christmas .. perhaps....
It looks like there has been lot of buying around this level. Drepusdt not only looks strong here, but has potential to move towards its monthly and weekly keylevel, a potential 100% upside is possible from these areas.
Few days back before market crash we were seeing that there were potential pumps, and misses. A strong retest in monthly and 10D chart has also...
Gann Fan is amazing, it is very straight forward and gives us an idea about market bounces.
Here in Falcon CCI, the Gann Fan will give us bounces where market will change its direction, a trend reversal perhaps. This method can be used when we are not sure where the market is going and gives a very clear indication so far in 2021.
I have done some back testing...
10D Chart Key Level
Potential higher highs and breakout from this level
During my recent research of breakout patterns of 100+ cryptos, I was easily motivated with looking at 10D chart and using Falcon CCI indicator I was able to quickly get breakouts of top coins.
Here, Matic has reached the stage of nice breakout 20%++
We should look at 3.0 USDT ++