bitcoinfromIndia

bitcoinfromIndia Updated 

i thought we bottomed around 29k but yesterday we made a serious attempt when we dipped to 30700 and this is after touching 35k levels. I have a feeling that unless we retest that which is kind of a mid range between 28k to 42k we will struggle on the downside. so two levels important for bulls to surive 33500 and 35000. for bears we have 30700 as first level on...

bitcoinfromIndia Updated 

rite now we are in a trading range and the rally which started from 14.5k around mid nov is still in play. we have done a short term top around 19.9k. 100 dollars short from that magical 20k range and it still remains an important level to breach. I think we will breach that around christmas after we do some healthy consolidation. www.mql5.com

bitcoinfromIndia Updated 

the pivot at 6951 has not been tested and there is one more big level to clear 7812. another level 7469 has held

bitcoinfromIndia Updated 

hypothetically we should have gone much lower. once we broke 6764 which was last support and i was expecting a drop to 6416 but it is reversing right at the pivot and I think we have some gas in the tank for 7500 odds. also with majority of the market shorts perfect time for squeeze Daily pivot is 6951 and i think it will be protected today. only a break of 6620...

bitcoinfromIndia Updated 

Mind you we are spending lot of time in this 7000-7100 area. for now 7036 is pivot and 6764 is support. on the upside as long as we hold 7036 we can head to 7308 region. check my previous two ideas. lets see. if we break short 7035 for target of 6764 and if we continue to hold here we are ripe for upside target of 7300 charts.mql5.com

bitcoinfromIndia Updated 

basically the move from 7120 to 6560 briefly happened and converged with the fall in risk sentiment overnight. dow falling, yen rising(USDJPY falling). it is now finding difficult to breach 6416. also 6596 support has held which makes me think we continue the rally till 7120 and then we will reassess. All my shorts have been closed and i had a sell stop which was...

bitcoinfromIndia Updated 

We spent 2 weeks in 6500-7100 range and we may continue further as well but from what it looks like bulls have started weakening looking at the length of the bear candles. the candles are big and large and we are respecting important levels. for example 7500 is a resistance. 7170 becomes the immediate resistance. 6617 is immediate support below which we may fall heavily

bitcoinfromIndia Updated 

after spending some 10 hrs now near the lows of 6k the consensus seems to be shorting this for 5.4 k or less. I am actually going with a long view targeting 7.3 k based on the bearish shark pattern i see on my charts. also RSI looks deeply oversold for time being. it can go to as low as 15 as well i am aware of it but that is extremely panic or euphoria situation....

bitcoinfromIndia

bitcoin is flat for the past 22 hrs. virtually no move. which is a bit strange. never seen it so tight. the price is kept compressed for a reason. either we break 8k or fall down to 7100. I am going with the long since this support at 7387 is holding quite well. www.mql5.com

bitcoinfromIndia Updated 

It looks like from the charts that last support at 8338 was briefly broken for 80 dollars. so I wont call it a clear break just now until we go to something like 8200 dollars which would mean we are gone for for good and will probably be in free fall to 7.6k to 7.8 k. patience not to get excited here. just start accumulating in this 8.3 k to 8.5 k area if we...

bitcoinfromIndia Updated 

charts.mql5.com RSI is still fine 67. distribution pattern is fine and bitcoin is closely following ether. ether has cleared all resistance on the charts and clearly in bull territory. unless we clear out 9262 we can't talk about bears in bitcoin.

bitcoinfromIndia

I am expecting 8k but not now definitely not so quickly. expect a quick retracement to 6800 at least. charts.mql5.com

bitcoinfromIndia Updated 

4740 that is the level for botcoin to break decisively on the downside. 4445 is level where it may stop. 4940 has to hold in any case for the bears or it is game over for bears it can skyrocket to 6000 quite easily. charts.mql5.com

bitcoinfromIndia Updated 

Prices have clearly bottomed out in 4150 area and another bottoming out process seems to have completed at 4318 yesterday. Expect a massive bounce to levels of 4553 and 4699 as suggested in the charts. charts.mql5.com