Manjyot

Manjyot

As mentioned in my previous analysis that Bitcoin's momentum is weakening and expected Bitcoin dropped. You can read my previous analysis under related ideas. Going by chart, Bitcoin has completed wave A & B of ABC wave and now heading towards point C. At around 35349 - 39052 falls two fib channels. First channel is from point A to B, where Bitcoin can...

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C98 has finally broken above the upper channel of the triangle and retesting the new support on 1 Hour Time frame. Potentially it will ready to spike and I have updated the targets for you. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW button to get daily analysis of...

Manjyot

Bitcoin has been moving in an upward trend for some time now and looks like it has completed 5 waves already. We should start seeing some form of correction now. So Bitcoin will retest and 48K -50K zone and might get rejected again, pushing Bitcoin further down and potentially breaking the lower part of the channel and continue down further. Also MACD is...

Manjyot

Going by the chart, TRX is moving in an Ascending Triangle. Going by the rules, looks like TRX has already touched point E on the chart, and in a day or two it should breakout soon. Potential entry zone should been between 0.08400 - 0.08550 and keep a stop loss at 0.8309 (3% Loss). I have also given potential profit booking zones. If you like my analysis...

Manjyot

Bitcoin has broken lower channel have retested it. At this stage next support it can find is at 42500 zone. Most probably it should bounce off this support. However if it is unable to hold this support, then next support is at 40800 zone. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to...

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Going by the chart, ATM is moving in ABCDE pattern and what looks like it has already touched point E. From here on ATM should Spike up soon. Currently it is trading at $19.1 which is best position to go LONG. Potential targets are $21.485 with around 13% profit and $22.626 with 19.5% profits. Keep your stop loss at the swing low at $18.557 If you like my...

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AKRO has found a support at 0.028 zone and have tested it twice on 1 hour chart. Also on a 2 Hour chart, it has found support on 2/1 level of Gann Fann. So overall pattern looks good and it might potentially bounce back up from these levels and retest Resistance at 0.030 zone. There are two possible scenarios for AKRO Scenario 1 (Black path) - AKRO to find...

Manjyot

C98 has been moving in symmetrical triangle with it reaching to the edge of the triangle. Going by the chart, C98 should start moving up and eventually break upper part of the triangle. Profits can be booked at 1.31 and 1.40. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't forget to smash that FOLLOW...

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On a higher Time Frame, SAND is moving in a symmetrical triangle and on a lower TIme Frame, it is moving in upward channel. Also it has found strong support on 1 Day 20 EMA. So there are two potential scenarios here. Scenario 1 (Black path) - SAND to move in an upward channel and break above Upper part of the symmetrical triangle Scenario 2 (Red Path) -...

Manjyot

On a higher TF, TLM is moving in a symmetrical triangle, with all pressure residing towards the upper channel. This is a sign that it has higher probability of breaking up soon. From past few days it has found strong support at 0.25 zone and it might test same zone again, which could be our potential entry point for going LONG. I have highlighted the are which...

Manjyot

Finally Crypto good days are back. ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back. I have highlighted the area of value which could be a good option to go LONG. It will need to break current Resistance at 3189 before continuing its journey up.

Manjyot

As shown on the chart, Bitcoin is moving in an ascending triangle. Thankfully so far on a weekly timeframe, EMA 50 is support the price and lets hope it continues to do that for this week itself. It it Bitcoin manages to stays above Weekly EMA 50 then there is a good chance that it will retest 36K zone and might even break.

Manjyot

XLM is moving in an ascending triangle and the pattern looks bearish to me. I has already touched point D of ABCDE pattern and I think it should meet point E at around 0.31 zone. Post this there should be a major DIP. How far it can drop we need to wait and watch. If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your...

Manjyot Updated 

Bitcoin has finally managed to break above 35K zone and next resistance as highlighted in the chart is at 36K zone and there it will also meet EMA 200. Mostly Bitcoin will be pushed down, however breaking above this will move Bitcoin to short term bull market. However for Bitcoin to officially enter bull Market, it will have to break 41-42K zone. Moving above...

Manjyot

As suggested in my previous analysis that Bitcoin will bounce off 34 K zone as it was falling at 0.5 of Fibonacci level and it exactly bounced off the same point. By completing that bounce, things started to look Bullish for Bitcoin. Going by the chart, next major stop for Bitcoin will be at 45K zone at wave 3. However this should take more than a week to...

Manjyot

As mentioned in our previous analysis Bitcoin bounced off 34K zone as it is moving in corrective pattern. Bitcoin has already touched Point A, B & C of ABCDE pattern. Point E ends at 33863 which is also 0.618 on fibonacci level. Potentially this should be bouncing zone for Bitcoin. Hopefully Bitcoin should touch point E in a day or two. If you like my...

Manjyot

Bitcoin has completed 5 wave pattern yesterday when it attempted to clear 38K zone and now what looks like is it is moving in 3 wave correction pattern. So it has already touched point A for ABC pattern and is heading towards Point B from where it will move to Point C. Now there are two scenarios to it. Scenario 1 - It bounces off at 35K zone and completes its...

Manjyot

At this time when there are many speculations around where Bitcoin is heading, I thought of analysing it at an higher Time frame. On a daily chart, we could see Bitcoin moving between Long Term Support and Resistance. During last major DIP, Bitcoin took support at Long Term Support. Bitcoin has bounced off this support trice since March'2020. If Bitcoin...