Shivkumar600

Shivkumar600

I don't want to chase this markets, anyway its hit the upper rising line and we may see some pull back towards 1945. War or no war the market has stretched a lot and there could still be a meaningful correction, 2030/2045 are interesting levels and market could see a significant drop to 1875. use your stops wisely and don't chase markets

Shivkumar600

I was skeptical to join the longs after the break out at 1835, markets were still capped by the trendline at 1958 from early Jan 2021. Longs can be initiated at current levels or closer to the lower band of the trend line, there is a important major support at 1833 and as long as this level holds market will go back to 1863/1870. A clear break of 1870 will...

Shivkumar600

I wont be joining the bulls at these levels, it clearly looks like some correction, will bear take over or the bull continues is to be seen, anyway if there is a clear break of the 18769/71 handle we will see much higher levels towards 1914 and beyond. If markets do have to correct from here we will see lower bands towards 1780. A break of 1755 will drag markets...

Shivkumar600

1766 is the double bottom, 61% of the rally and a trend line from the march low, if this level holds we will see 1845 , a break will take market to 1745 before resuming the uptrend, the uptrend is still in place as long as march low holds use your stops and dont ride losses

Shivkumar600

Not a great fan of the Harmonic pattern, but i do see a pattern developing at the top further validating weakness of my short trades, stop on this trade should be above 1763 on a daily close, markets could retest the double bottom and may drag it close to 1600 handle Overall the trend is bullish and a break above 1763 will take markets to new highs, keep your stops

Shivkumar600

Despite the double bottom market is still in the bearish mode and prices could drag well below the double bottom and closer to the 1600 handle. That said market will still hit 2300 in wave 5 in the longer chart pattern Strong resistance at the 1738, 1745 and 1765 will keep the markets under pressure. only a daily close above the 1765 handle will rule out any...

Shivkumar600

MARKET BOUNCED EXACTLY AT THE 4TH WAVE AND THE 38.2 RETRACMENT OF THE LARGER TREND. I HAVE MARED STOP FOR BOTH LONG TERM TRADERS AND SHORT TERM TRADERS, THE LARGER TREND IS BULLISH AND WILL TARGET 2300 IN WAVE 5 IN THE COMING MONTHS ITS ADVISABLE TO LONG THIS MARKETS ABOVE 1720 AND 1672, ONCE MARKET TAKES OVER 1740 TARGETS WILL BE 1760 AND 1810 USE YOUR STOPS

Shivkumar600

Markets took out 58k in style and is still heading to new high, I had previously marked areas of interest and market is in the larger ABC correction where C will take markets below 1k in the longer run. Bitcoin’s weekly chart suggests it is a bubble in its final stages. Even outside technical analysis, Bitcoin checks all the boxes of a mania. The long-term outlook...

Shivkumar600

Market is hovering around the 38.2 FIB currently at 1682, which is also wave 4 of the larger correction from 1046. It is always difficult to pick tops and bottoms. I will only enter the market once it takes out 1715, once that is done the stops will be at 1682 and higher levels at 2100 and 2300 in wave 5 can be expected in the long run

Shivkumar600

Before i write something, i would like to add to the trollers, the last time around when i did mention market could end up with new life time high lot of people started to laugh and send me messages, so this time around i have them to laugh once more as markets will soon reverse and test the lows at 7000 The weekly chart reveals the entire price history of the...

Shivkumar600

a lot of traders have been wanting to short this market out of pure desperation at many levels, its best if we could use any dips to long this market market did turn from the 50% fib of the entire rally and also the wave 4 (refer to my previous detailed post) higher levels towards the 2100 and 2300 be expected as long as this level holds

Shivkumar600

Wave 5 us unfolding and its likely that market will top around the 23/25k mark and from there on it should start falling towards the 1000$ in the long term Wave 5 is typically a classic reaction of retailers chasing the markets, everyone must decide for themselves if the risk of chasing the last move is worth the risk Good luck

Shivkumar600

A lot of traders want to short this market, but will unfortunately be much of a disappointment, market rebounded at 1665 which is also the 50% Fib and the wave 4, as long as this level holds expect new highs into 2100 and 2300 Longs can be added on a dip towards 1810/1800

Shivkumar600

In my previous post i did mention about a classic bear flag and the expected target around the 1800 levels, markets did retreat and is holding a important level, market could still come to 1790-1810 levels in the wave 4 of the larger correction that (1300 - wave 1) wave 5 will take markets to 2300 As long as 1703$ hold this is the outlook

Shivkumar600

A classic bear flag pattern, enter short at the top of the channel or on the break of the channel, target price based on the flag pole is around the 1800 levels

Shivkumar600

I wont long this market, will look to short around the 1910/1935 areas, US election will be interesting and will bring lot of volatility, it will be every hard to tell which way the markets will head, EW suggests that the top has been made at 2070 and the larger C correction will drag markets to 1220 in the long term.

Shivkumar600

market has carved out low and is heading for much higher levels in the coming months, region around the 1.80/1.78 should give good entry levels for those who missed out, 1.95 is the projected target for this long

Shivkumar600

market is confided to the channel, will wait till clear signs , however i have marked key interesting levels