abdulmajid_sarwar

abdulmajid_sarwar

As mentioned in my early publishing and alerts, the effect of the cross of 20 moving average over to 50 moving average on daily hour chart can make latke upset in market. and it was crossed yesterday and technically speaking, by today it can clearly be seen a drop of up to 4000 in btc. as history showed some huge drops in btc whenever these moving averages crosses...

abdulmajid_sarwar

Since the fud of China banning crypto has came out and a drop of 3000 to 4000 is recorded, Right now it can be seen clearly on daily chart frame that Bullish flag pattern is formed, on the upper line the resistances are coming in around 46600 from today to onward down to 42800. where as the support line is coming in around 38300 to 36000. btc need to break the...

abdulmajid_sarwar

on 2hr chart ascending triangle wedge is formed and btc act as consolidation with in the range. btc need to break 45100 to stay bullish. some more sideways up to 5 candles can invalidate the pattern.

abdulmajid_sarwar

Right now after breaking some major supports of different moving averages, BTC is testing the weekly 21 Moving average that is coming in around 42000. to confirm the BTC short term bearish mode, BTC has to close the weekly candle below 42000. and to stay somewhat bullish then BTC has to close the weekly candle above 43500 up tp 44200. If BTC breaks the 21 weekly...

abdulmajid_sarwar

In 4hr chart it can be clearly seen as a revised pattern is formed and may play out. huge turn out was seen after the breakage of bullish flag and then a decrease of 8% has seen downward from the top reach. Now as similar to previous successful breakage in bullish flag we might see some 8% decrease for short-term and if it happens then the technical price to...

abdulmajid_sarwar

Similar to the crossover of Daily 50 and 200 moving average, 20 and 50 moving cross over also effect sometime super and some times mini crash. currently 20 moving average is about to cross over the 50 daily moving average, we are likely to see little upset in a coming days but Since we are already entered in a Golden cross of Daily 50 and 200 moving averages, it...

abdulmajid_sarwar

currently bch is forming a symmetrical triangle on 4hr chart. the technical resistance is coming in around 650 and the support at 620. if bch successfully breaks the resistance then the technical price target will be 736 and if breaks the support then we can see bch under 590. Remember bch as a fork version of btc do retrace and move in the direction of btc. so...