Manjyot

Manjyot

Bitcoin has completed 5 wave pattern and now it is at a very critical stage. Luckily after point E, lower part of the triangle manged to hold selling pressure and bounced back up. Now on the chart it is very critical for Bitcoin to break above the upper part of the triangle which will be decided the marked critical zone. If bitcoin manage to break and stay...

Manjyot

ANZ is moving in a 5 wave pattern and have already completed Wave 3. Now it is heading for correction wave 4. Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't...

Manjyot

On a 2 hour chart, AMPOL is moving in 5 wave pattern, with Wave 3 completed as displayed on the chart. From here it should drop to 26.06 where it will meet daily support, before bouncing up to 31-32 zone. Expect a major drop once it reaches point 5. I will create new analysis once it is close to wave 5. If you like my analysis then do drop a LIKE and a...

Manjyot

Due to BTC fall even Altcoins are facing hard time moving up. Going by the chart, looks like we heading for another fall soon (hopefully last major DIP) On the chart, ETH have already touched point A & B and it heading for point C which is falling between 1600-1700 zone. This would be a perfect buying opportunity for the long term traders. If you like my...

Manjyot

Bitcoin has been moving south for sometime now and is marred by dips after dips. Going by the pattern looks like the damage is far from over. Bitcoin is currently moving in a symmetrical triangle and is moving towards the last point on the chart at point E. Once it reaches point E, it should start dipping and next support it can find is at 29K zone. At...

Manjyot Updated 

Yesterday Bitcoin made two attempts to cross 40K zone, however sellers pushed it down. I have mentioned this in yesterdays analysis where I mentioned as long as it stays in marked Green zone, we are bullish. If you haven't read it yet, I will put the link below. Now after moving sideways for few hours, looks like Bitcoin is heading towards another round with 40K...

Manjyot

Finally #bitcoin is back in action. It is constantly moving up at an impressive pace. Going by the chart, I have marked two zones for BTC. As long as it stays within the Green zone, it will stay bullish. However if it enters the Red zone, then it will turn bearish. Hopefully today we will get to see where BTC is heading. If you like my analysis then do drop a...

Manjyot Updated 

Its been quite a challenging time for Sydney for quite some time and good days isn't near anytime soon. Going by the chart, looks like SYD will dip more to around 5.35 level before bouncing up again. Also all EMA's are above the price line which is a bearish sign. Would be interested to see how long will SYD take to Take off. If you like my analysis then do...

Manjyot

XRP is moving south again and going by the chart, it is heading towards point E on the chart. This is would be end of the cycle and XRP should bounce off point E and then breaking the upper part of the triangle. What would be interesting to see if it will be able to break the Resistance at $1. If it does then its good sign. however it looks unlikely. If you...

Manjyot

As suggested in yesterdays analysis that bitcoin will go down to Blue zone, where it will find support. If you havent read it I will attach the link below under related ideas. So far Bitcoin is still under Bearish pressure and might take couple of days more to show Bullish momentum. It has already touched point C on our chart and next move would be for it to...

Manjyot

Just when everyone thought the dark days are over for BTC, but doesn't look like it has reached a promising level yet. Going by the chart, Bitcoin has broken the upward moving trend line and it will now be moving in a descending triangle . It is crucial that it finds support at the 32K level. Going by the volume profile, it should potentially be able to hold...

Manjyot

Bitcoin has been struggling from past few days. Credit could be given to numerous factors including suspicious Elon's tweets :) Anyway, we anyhow predicted it earlier that BTC is under correction wave and it will touch Point C at round 44K and it did. If you haven't ready my previous analysis, I will add a link for you under related ideas below. Going by the...

Manjyot

Crypto market is not going through a good phase at the moment and looks like this is far from over. Even BNB has dropped to 500 level yesterday and going by the chart, looks like BNB has entered a correction wave, of which it has completed 1 stage of 3, at point A. There would be a short recovery at point B at around 600. When it reverses from Point B, then we...

Manjyot

#Bitcoin has been on a road to recovery and going by the chart looks like BTC has already one impulsive and Correction wave. Next wave is supposed to be the longest of all. So going by the rules BTC should create new ATH at 69K zone, followed by new ATH at 73K at wave 5. On a smaller time frame, Bitcoin is currently moving in a symmetrical triangle. It has...

Manjyot

BTC has given traders hard time couple of weeks back when it dropped to 47k zone. Looking at the Daily chart, what looks like is BTC is going through Correction wave and I believe it hasn't completed the cycle yet. It has already touched Point A & B of the correction wave and C is yet to be touched which is around 44K zone. Also EMA 20 & 50 are now working as...

Manjyot

ONE has been moving in an descending channel for a couple of weeks now. However just recently it made a breakout of the main descending channel and is now moving in an ascending channel. What would be interesting to see if it manages to break Resistance at R1. If it does, then officially ONE would be on an upward movement. In addition, EMA 20 & 50, which was...

Manjyot

Now that Crypto market is back in action, after Bitcoin's tragic fall. Looks like Altcoins are ready to create ATH's again. BNB is one that coin that has given some good results over the past few weeks. Going by the chart, on a larger Time frame, it is moving in a symmetrical triangle. BNB has been pushed down twice from the marked Resistance zone. May be in a...

Manjyot Updated 

ADA, one of the naughtiest currency, which is always in news and rumours. This obviously adds on to this value. Now ADA has moved into an ascending triangle, with potential breakout by end of April or early May. Until then there are enough opportunities (SHORT/LONG) for short term traders. NOTE: These are my personal notes and in no way financial advice. Do...