Hi traders, NIFTY 50, key resistance is bout to be tested in coming trading sessions. 200 Daily EMA, 0.618 fib level, upper line of rising wedge plus resistance range all lie in the area between 10520-10670. Any rejection here could lead to a significant correction atleast to sub 10k levels. This is the area of high risk and shorts will jump as soon as any...
Hi guys. In Broadening bottom there are 2 minor lows and 3 minor high. If BTC is to reverse from 7250 range then i see a possible broadening bottom to play out. Also the volume is increasing as usually is the case with broadening bottoms. A possible breakout may come above 9350 range.
Hi Friends. In the above chart i have plotted all the retracement in BTC price during previous bull run. As you can see, BTC usually retraces by 50-54% or 61-68% during its bull run. Also BTC finds support near its 21 weekly average though usually it gets broken intra week by around 10%.
Do Let me know what you think about the chart.
Hi guys. In this chart I am analyzing the RSI, 21 day MA and price action during the previous bull run. This gives us the projection for retracement level to look for in current bull run. Do share the chart and share your opinions in comment section.
As we can see that key fib level 1 at $9.11 is being tested. if it breaks down we can see a massive dump upto $5.3. On the other side if we break the triangle upward, key resistance are at $14.4 and $17.72.