Contrary to current narrative this is the good time to buy for long-term. Upto only -10% downside is possible which will happen in very bad situation. Which again will be the best opportunity buy big.
I thought i was wrong, guess charts never lie you have to be a bit more patient. Still sideways action and secondary bounce back expected . if it breaks the channel downward i am out.
Reason 1: Bearish Flag target 970 Reason 2: Fib Time again target 970 Reason 3: Fib retracement again target 970 Reason 4: Fib Time again target 970 if it breaks 1300 mark one should be careful
Nifty 50 is still holding up against SPX, QQQ, bitcoin, nifty alpha, even nifty value 20.
Fed Interest Rates will still be hiked World Seems to be moving towards recession, Slowly Massive M pattern measured move Body of Last Rally -80% at 12K
Humongous 10 year Cup and handle pattern in Gold starting from 2011 to 2021.
Predictor of next crash around 2025 till then pumpamentals remain strong.
Expected United States 10 Year Government Bonds Yield trajectory. Meaning More Pumpamentals no Fundamental.
Price is clearly hanging again and again at lower levels around 34K
After Capitulation V-Shaped Recovery was seen in bitcoin and other markets as well, and consequently the market rallied afterwards.
Scariest Bitcoin Head and Shoulder pattern is unfolding over the daily and weekly, its so scary and proposturous that i don't think its probable. but what If it does, does that means bitcoin is going to die.
1. Fibonacci Confluence 2. 21 Week EMA 3. Bearish pennat 4. Sentiment Greedy Price Target ~42000 , despite all this bitcoin may still gain momentum in opposite direction
Gold is Correlated With 10Y USD Treasuries
Bitcoin Descending Triangles, Bearish Outlook until the Triangle is not broken to the upside. If broken to the upside new targets will based on Fibonacci extension around 50K If broken to the downside new targets will based on 21WEMA around 19-23 range