Jimmy_Rebello

Jimmy_Rebello

It's been great weeks of trading cadusd structures From Range and breakout to lower high formation Seems it is likely to consolidate Blue marked zone would me by buying zone And below swing would sl

Jimmy_Rebello

Jun to July and August 1 week been still in long term range (sideways) Probability of going up depends bon how the marked zone act and holds If it holds this could good swing trade

Jimmy_Rebello

Btc consolation in range upside breakout retest lvls as well breakdown halt lvl are marked Happy weekend happy trading No breakout no trade

Jimmy_Rebello

As talked earlier the price remained within and close to 38-40k and breakout Let's wait for move and retest fr further approach

Jimmy_Rebello

New zone

Jimmy_Rebello

Another possible structure could be this support just a normal fib lvl 0.5-0.6 lvl From breakout to high Will update resistance and complete range soon 🔜

Jimmy_Rebello

Finally a breakout from 4hour timeframe 30 candels t1 almost in trailing up and 50% cut rest let's wait for t2 or sl

Jimmy_Rebello

Broken last trendline Halting over 50 (DMA) There after more breakdown can show 15455 lvls *Concern of rise in covid cases *Us meetings (Volatility)

Jimmy_Rebello

Last line of defence is tested. Interesting to watch whether it will hold or break #makeorbreaklevel

Jimmy_Rebello

Still consolidating But last few candels (4h tf) are holding up at resistance Probably a breakout expectation If it break the low and close below few candels build up Then it will remain still choppy

Jimmy_Rebello

(15m tf) Bearish triangle pattern As analysed, it was not possible to breach the upper resistance lvl Although it didn't sustain within 38k-40k We can look forward for 34000 or so on

Jimmy_Rebello

If Bitcoin is going to breakout then it should sustain within 38000 to 40000 range Consolidate for some time (buyers news base) With obvious news backing might push out from long ranging sideways trend could be possible for reversal. I booked my target from previous swing trade and will wait and watch now Do not fall into trap of parabolic momentum Could be...

Jimmy_Rebello

Hope you like my views and updates

Jimmy_Rebello

As analysed the levels are retested and ready to bounce But need global cues to be fairly bullish Or else the buildup might get choppy

Jimmy_Rebello

Breakout and retest waiting for it with something bullishness at retest for entry

Jimmy_Rebello

Breakout Technically looks like it will halt at 38k zone

Jimmy_Rebello

Bank nifty bounced from demand zone * Not expecting V shape recovery as nifty is at resistance zone once again *Another short pull back and bounce can activate buyers *Nifty bank has more potential upside then nifty

Jimmy_Rebello

Nifty feeling the heat once again at resistance zone