I've mentioned this before, Gap Ups are interesting concepts to watch, as you can be pretty sure that at a point in time, they get filled up before the market has to rise again. Let's watch NSE:BANKNIFTY fill up the Gap Ups.
Looking to see 17,317 but before that, 19505 in the short term.
For members of Zencapita - I had mentioned the possibility of $GOLD going up, and the formation has been nice so far. If you're interested to learn more about how I see this forming up, join me today.
Remember to check out the chart on TVC:GOLD before trading/investing!
We talked about this in our last update, if the BSE:SENSEX could actually pierce through the resistance at 31,123 to move higher.
That may not be the case. Well so far, let's wait till end of day to draw any conclusions.
There have been a number of holidays in April, so this sort of erratic behavior can only be expected. We close for Good Friday, and open...
Just after I published a recording on a dead cat bounce, immediately after the market started inching upwards, as if someone had switched a bot on. Was this a coincidence, or are there bigger conspiracies at play :D -- or was insider buying taking place?
I don't watch / listen to the news, because it brings very little value these days. And the markets factor...
While the BSE:SENSEX index is showing some strength today, are we out of the woods? India is still in just the first week of a 21 day / 3 week lock down.
I'm sure many traders don't have anything better to do at home, so trading might be their stress buster!
Just wait until their wives ask them to buy 'subji' instead of 'stocks' :D
I may be saying this like...
ETH has been pushing the envelope, will it breakout or will it break down? Typically if it keeps hitting the upper resistance, and it does breakout - you could see much more upside. If by the third time it doesn't, you can expect a small correction...
One the one hour graph, looks like BTC has been itching to pop. The squeeze is building up momentum. Look forward to the next rush. Could be the ramp up towards halving. Who cares, book some profits and move on.
Gap fills are easy to predict, they happen, they may take time, but they happen. After the last gap up, we still haven't seen the market close that gap. If the market wants to go further, let's wait for this to be gap to be filled.
It's been a long while, are we finally done with the runup? Will we see a Santa Clause rally or are traders going to be getting ready for the hols, and sell for the new year? December could be a lower trend... but hey, let's not predict anything :)
Ok, now that the price has crossed over the $5,000 mark - we're all looking back and laughing at what the doom and gloomers said. No hard feelings. This is the way the market moves. And as usual, I get a tonne of calls asking 1) how do I buy bitcoin and 2) should I buy at this level?
To answer one - Sign up for my webinar at zencapita.com and to...