nirmansh

nirmansh Updated 

Here I am just looking at simple lines of resistance and support. I sell at resistance and buy at support. It has worked for me very well and the couple of posts I have posted here shows that too. No need for some complicated chart pattern that needs tedious amount of work. Now that we have bounced off around support line on the daily, whats next? Today there was...

nirmansh

Crypto sell off started during Asian session and BTC continued to bleed through out European. We will have to see what North American trading brings. I am not huge fan of weekend moves since they are usually low in volume but last night sell off had quite a volume so will have to respect the drop. My daily thesis still stands as I had posted here before, based on...

nirmansh Updated 

BTC has been sideways for a while now. In shorter time frame seeing higher lows so its forming a nice little uptrend. My trade for the weekend is to buy when price gets to red trend line and 5 min shows oversold RSI and take profit of of 0.25% to 0.5% profit. I am not expecting any big moves. Sell the rally and buy the dip is my weekend play.

nirmansh

My trade for bitcoin... Shorting btc as long as it stays under 7800ish. Targeting around 6.4k... Only going long when it goes above 7.8k with big volume. Targets are not fixed and are dynamic. Good fundamental news or bad fundamental news will negate all the targets. Thats why trade small, take some profits all the way.

nirmansh Updated 

My first noob technical analysis. 2 Day close above the downtrend could signify change in trend. Stay long above7500 and target 9100. Sell 2% below 7500.