NIFTY 50 is at the top of its rising wedge. Although my previous SENSEX analysis is not going according to plan I can see a good risk reward here. NIFTY looks poised to go up as other market analysts are saying and this time I am willing to bet against them. Its a risky trade. Don't copy blindly!
It's like everything looks long to me. But LINK especially looks the best out of all. Looks like it has just broken out. Should retest the blue line ideally and shouldn't go below if the immediate bullish sentiment is to be preserved. Targets and SL on the chart. Take a portion of at 52.7k sats.
See the reaction at the lower line on the rising wedge. Once we break down we have two targets on the chart. A better entry could be the top of the wedge if you would like to sweeten the Risk-Reward ratio. I believe we will make a lower low. This rally doesn't make much sense and at these levels, I much rather be sitting in cash rather than hoping that the bubble...
I have been meaning to post this for a few months now. Bitcoin has been operating in this triangle since 2017. I feel the upward breakout from this triangle will be a new step in establishing the new Bitcoin cycle. For me, I would like to accumulate more Bitcoin anywhere below the median of the Bollinger Bands on the weekly as long as we stay within the triangle....
If you remember the recent crash, you would also remember that Litecoin was one of the main "Large-cap Altcoin" to bounce very strongly. Ever since then it has been rather laggard.
At the moment we have an interesting situation with LTC and it presents a trade. We are currently moving inside an ascending triangle on the Daily Chart which I expect to play out in...
WRX has made waves ever since it was listed on Binance. We are now moving inside a pennant but if the price breaks down from it, we may have a good knife catching opportunity at the blue line. I will be setting buy orders there. Good Luck!
Bitcoin is moving up in what might be looking like a bearish rising wedge pattern on the 1H Chart. Entry, SL and Targets are on the chart. Seems like a risky trade but worth taking for me. I still think we will see prices in the 7.1k- 8.2k regions in the next few weeks but Bitcoin might go up to 9.3k-9.5k if the current setup fails. Pumps are for shorting. Good Luck!
Etheruem looks like its not strong at all and wants to go down. An upside break of the current LTF channel would be where I would be likely to see how price action develops. For now I favour a move to the downside. I'm in at $204.43.
Bitcoin Cash has suffered a lot. And this seems like the perfect time to end its suffering. BCH always pumps when no one is paying attention and now is its time to shine.
Target: 340, 365, 395, 410
Iota like a little chad broke out from its bullish pennant and is now travelling towards the moon in this ascending channel. I am not trading this but it will be a fun watch. Iota never stays too far behind XRP and I guess now is the time to make some gains before BTC decides what it wants.
Ether has clearly been leading the market. But now we can see this huge rising wedge which if breaks down could make the price fall massively. The trend is still very bullish and this wedge could easily be invalidated but I think this is a good risk-reward situation. Entry between-195-200 SL:207 Target: 168-172
On the other hand bitcoin looks solid and alts like...
Bitcoin Cash looks like a laggard on the bitcoin pair but could really make up for it if Bitcoin holds its end. We had a lot of action the past hour with that scam wick up which trapped late longers and early shorters by triggering their stops only to bring us back right back to where we were. Now BCH broke up from its bullish pennant (not seen on the chart as...