Pratik_4Clover

Pratik_4Clover

Price Trend: - Bitcoin's price has been quite volatile over the past week, experiencing significant fluctuations. - The price closed at $57,387.9 on May 1st, marking a 5.40% decrease from the previous day. - Overall, Bitcoin has been experiencing a downward trend over the past few days. Forecast: Based on the technical analysis and considering the fundamental...

Pratik_4Clover

I had some free time, so going to post here a basic commentary and forecast for the new week: 1. Overall Trend: Over the past few weeks, the Nifty 50 index has shown some volatility but has generally maintained an upward trend, with occasional dips and corrections. 2. Volume: There have been fluctuations in trading volume, indicating varying levels of market...

Pratik_4Clover Updated 

On 15 min charts, Nifty seems to be showing sign of weakness and has spent some time below yesterday's POC and today's average traded value. This indicates a sign of weakness for the next session, usually Monday openings are supposed to be positive, but I would expect a gap down here. IF sellers are not serious enough we might trace back to current levels within...

Pratik_4Clover Updated 

We are at a point where we are seeing lot happening in few days. Some say its good for BTC, some say its bad. I think there are two possibilities present in market (some will say that's always the case, right! But here me out here) I think this is a breakout, I also think this will be last breakout in BTC's life on upside, but before BTC completely dies out,...

Pratik_4Clover

BTC has given the wild run and probably made many millionaires in the last few weeks, but I see possibility of it making round trip to 15k. If you are long, start considering locking in profits.

Pratik_4Clover Updated 

As discussed previously, we saw clear divergence on 15min chart and after testing patience of bull by doing one more lower low on price chart price has indeed moved up. This is the usual trick, they took out retail longs and their stops, this is the area to be careful, see doing analysis is not hard, having patience and deep enough pockets to follow the analysis...

Pratik_4Clover

Possible reversal here as we are seeing price and volume/money flow divergence. Unfortunately not seeing enough orders to pull the move yet, might be there in few more candles. This usually means one of the two things; 1. Big money is in two minds and haven't yet committed to the move. 2. There is decrease in overall interest in trading session. We can...

Pratik_4Clover

BTC has given break through initial balance and we may see price hitting back to yesterday POC. This is short term view, so things might change market balance changes. There is no divergence with volume yet, its possible that we are in process of forming that 5th wave on intraday chart

Pratik_4Clover

Looking at Daily chart, BNF is looking slightly weak atm, it would be best to close longs and look for good shorting opportunity. Its possible that this is indication of long term trend change, we are due for some correction and economic indicators are not good enough to support more bullish run till we have some major positive turn of events.

Pratik_4Clover

I know, I know, a very confusing title. Point is, we have been running after far too many indicators to tell us about BTC happening, but the best one to support us during the volatile period is still the VWAP bands. As we can see, price has bounced and being rejected from level 1 bands, upper side band. A very daunting place to make a decision of BTC future. I...

Pratik_4Clover

BTC action is right in balance as we approach low volume weekends. Lets see if there are any volume spikes which can give us hint about BTC movement. Long term view is bearish.

Pratik_4Clover

Well, as any other person, I would also like to take a time to give a pat on back since we have hit our targets in BTC. 25K is done. Now what to expect? While there is increased trading activity due to some events, its still not looking overlay positive for BTC in long run. I expect it to face resistance here and fall back to see if there are whales willing to...

Pratik_4Clover

Follow up on our previous discussion of BTC hitting 25k. Still waiting for out target of 25k on BTC, just little more to go. By then I expect little divergence formation too. Fingers crossed!

Pratik_4Clover

As discussed in last two idea posts, Nifty has indeed shown strong support at 17500 area. Its also on the back of budget and possible renewed interests in bull move. Keep an eye out for good entry points for positional longs.

Pratik_4Clover

As discussed last time, for Nifty 17500 is going to be a good support area on daily chart. Now lets zoom out a little and have even larger TF view, this is weekly. And as you can see, on weekly chart were are not even near to bearish zone. So any and all speculations of bearish market, or bearish trend for upcoming years, is just out of the wind. We are in a...

Pratik_4Clover

Recent budget and more importantly, recent adani fiasco, lot of ppl are in two minds and are habitually going in bear mode on Indian markets. But I'll have contrary view, as usual. I see Nifty taking a really strong support from 17500 area approx. and bounce for new highs, even as far as doubling the market in next 5 years. This analysis is based on trendline...

Pratik_4Clover

Our target of 18k has been achieved, we can expect 17960 to hold. Rest of the day should be dull sideways movement. Tomorrow (well after holiday, so day after tomorrow) markets may open gap and go down again till divergences are formed.

Pratik_4Clover

BTC is in a very interesting place right now, there is sign of buying on weekly charts but is it what ppl call "Dead cat bounce" or whales pushing the liquidity in. My personal target is 25k, if and when that reaches, I would short and wait for it to pre 2017 levels. So long till 25k, then get everything out of the market.