Bitcoin currently hovering around 46-48K, the critical support level is at 52K. It needs to stay above 52K to maintain the bull market support band.
Lets say Bitcoin drops to the market structure low of 42K (Then what is the probable scenario that may play out . Of course it is also possible for BTC to fall below 42K as well.
I have overlayed the Run of...
According to Fib Retracement we observed Bitcoin to face resistance around 50 fib area (44-45K) and correcting slightly. The most strongest resistance is now around 61.8 Fib (Golden Pocket) around 48-48.5K. We must break the 61.8 fib retracement to continue the bull run. As of now the minor correction is a little bit concern. I will only invest if we cross the...
Interestingly TSLA still facing resistance at $635 Fibonacci Resistance (38.2). This happened for the second time in the past 1 week. I have been telling TSLA needs to break the $635 resistance to go higher and test the next 50 fib resistance area.
We need to observe carefully how it shapes out. The RSI is 47 in the daily chart (I won't get in unless RSI drops...
TSLA again hitting at 38.2 Fib resistance ($635). It is important for it to break that barrier for higher price targets.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to share your own opinions/comments. Also hit like and follow me for future updates!
Best,
Adit Doza
Part-time Faculty
Mike Ilitch...
AMC taking support around the Fib resistance (25 mark) after the massive runup today.
If it corrects the next Fib area support is around 22-23ish. We will all know how it plays out next week.
Please trade cautiously and do your own due diligence.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel free to...
It looks like BTC just formed a triple top pattern in 4hour chart (which is bearish). Also BTC broke the 36K range fib area(current price 35K) and heading downwards. It may restest lower 30's in my opinion. If this week we close below 21Weekly EMA this Sunday, most likely we are heading to bear market.
Please Note: The analysis is based on my own views and it...
BTC has a strong bounce this week (39.2K current price). It crossed the 37K fib area. It is now heading towards 41.5K fib resistance. We need the next resistance to be broken and ideally it should move above the 21Weekly EMA (45K-46K area) and also 50 fib retracement for bull momentum to sustain.
Interesting plays for the next couple of days. My gut feeling is...
As I predicted there will be a breakout soon (Either Upside or Downside). We did break the resistance line and moved above 600. Now the question is can it hold? It can only hold if it breaks the 630 Fib level (Next Resistance).
Those who are placing calls please do so responsibly during a volatile market.
Please Note: The analysis is based on my own views and it...
It looks like ADA broke the 1.29 Fib level, and big question is can it sustain. In order to do that it needs to establish 1.52 (The next Fib support area). Given it is still below the EMA ribbon line and also a lot depends on the action of BTC as well (BTC just got rejected at 37K Fib area).
In my other chart I have a detailed explanation about BTC rejected at 37K...
It seems BTC got rejected at 37K Fib retracement (Current Price 33K) and now looks like falling back to it's lows. The weekly candle will close around 8pm Eastern Time today.
BTC might consolidate to it's lower 30's (if bear momentum continues). It needs to hold above the 37-38K to get support and continue upward.
I personally will not invest anything now and...
Looks like Doge has a head shoulder pattern and facing some strong resistance at the Fib retracement level (The bearish downtrend could take it down to lower 20s range).
If there is a relief rally DOGE may go up to 39-41C range (the next fib level), it really depends how BTC closes today actually (BTC determines the market).
Please Note: The analysis is based on...
TSLA hit resistance around 600 range (First Fib Retracement) and fell back to 580. There could be a break out soon!
We need to watch this very carefully in the next few days how it plays out. Those who are playing call options needs to do it responsibly.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Feel...
It looks like BTC just broke the resistance line around37-78K area and may head towards 41K (Next Fib Retracement).
Let us see how it holds up.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business
SOS is in a precarious situation. It needs to hold the $2.90-3.00 support line. If BTC dumps to 31K it might struggle to hold the $2.90 support area.
This may eventually pass, as eventually Crypto will recover in the long term.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your...
We got bounced around 40K area around 38.2 fib retracement and have fallen down to 37K, it might fall to 35K if the bearish scenario continues.
This week is very critical for all of us.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit...
It looks like ETH might face resistance around 2850 at 61.8 fib (golden pocket), in the 1 hour chart frame.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business
BTC 45000 (50 Retracement) and BTC 48.5K (G-Pocket)
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza
Part-time Faculty
Mike Ilitch School of Business
ETH Golden Pocket at 3500(61.8) and 3150 (50 Retracement).
I believe ETH will reach 3150 if bull momentum continues. Then there could be a retracement temporarily.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza
Part-time Faculty
Mike...
