anijin077

anijin077

Hey guys, BTC is performing really well over the past few days, now a need for a small pullback is coming up. There is heavy resistance around $7800 fib level. I dont think bulls have enough power to push it through right now. Moreover with a rising wedge and nearly over-bought RSI indicates a small drop towards $7400 or $7200 max. This would give enough room to...

anijin077

Bitcoin did see a good support on the long trendline at $7000 levels. The bounce is just not hard yet. Volume is very low. In order to call it a bottom we need to see much more volume come. Now, we see a rising wedge formation which is a bearish pattern. If BTC follows this, there may be a chance BTC will revisit $7100 levels. However keep in mind this may be a...

anijin077

We just keep on bouncing from the fortified support for LTCBTC Litecoin just doesnt want to go below that. Just notice one thing, when BTC corrects, all the altcoins take a bad hit. Although LTC also goes down but it isnt as bad as others. Moreover, it bounces back and forth in the range itself. We are about to close the formation and all things point out...

anijin077

Wow! Just look at the chart :D This is a weekly chart, higher lows and lower highs being formed. This means pennant is formed which looks very bullish. Most of the indicators just signalling start of a new run although some key trend indicators giving a bearish outlook. The odds of bullish break are more (80%). I advise traders to exercise caution and place...

anijin077 Updated 

BTC is moving just as predicted! You see how beautifully BTC broke our falling wedge. We are currently witnessing a small pump. But please do not think we will only see upside now. Wait for the confirmation, No trade can go only up, it has to come down for support, for gear and to shoot up again! We are yet to witness parabolic June bull run! I do not see BTC...

anijin077

Did you notice this!?? You see 6th of every month (1 day deviation).! At every 6th there is either a temporary high or a temporary low! WHAT THE HELL IS THIS? A COINCIDENCE??? A REAL PATTERN??? Follow me and give it a like i will keep you updated!

anijin077 Updated 

You see the chart? You see the RSI? How well BTC reacts to oversold RSI on the daily chart. Every time RSI is in oversold condition, a huge bump is accompanied by it. Now in previous 2 cases, RSI became oversold but BTC was stopped by the heavy blue resistabce line as well as the 200d MA. This time we have a big symmetrical pattern which needs a clear direction...

anijin077

As we see in the chart, there is a strong resistance at 10700 which is 0.236 fib retracement. It has tried to break it 4 times but failed. I advise traders to take a cautious position as if we dont see a close above 10700 we might see nifty going towards 10570. On the other hand, a close above 10700 would indicate nifty towards 10780 and 10880. Happy investing!

anijin077

Chart shows it all! Falling wedge, decreasing volume and then a symmetrical pattern within. Just a little help from BTC and ADA is set to rise :D

anijin077

After analyzing the LTCUSD chart, the bigger picture is now pretty clear. There is a strong support and buy zone placed at $110-$120 for Litecoin. RSI is suggesting that LTC is going almost oversold on the daily chart. Historical trend is showing upside now. The resistance line is showing potential to be broken now. Moreover, keep in mind LTC is the hottest...

anijin077

Here we see a symmetrical triangle formation, higher lows and lower highs. There are 70% chances of a bull break to $7800 within few hours. RSI as well gives us a chance to break above. This would weaker the confidence in bears and give more hope for a new reversal :D Place stop loss at $7350.

anijin077

Look at the daily RSI level today. Now look at previous RSI levels and trends. What do you see? Similarly it shows us we are near oversold region, upside is much needed. My arrow drawn from the top of $19980 depicts how bears are losing momentum. The other arrow shows us the next path BTC will follow. Big players are loading too fast on BTC, so much good news and...

anijin077

Charting almost confirms a small drop for traders ! Good luck :D

anijin077

Chart shows it all :D

anijin077

Nifty currently completely over bought at 15 min chart. History tells whenever RSI is overbought at these levels NIFTY is poised for a minimum 50 point drop. Watch out!

anijin077

It is noted that BTC is usually accompanied with a great bounce and a reversal whenever RSI has moved below 40 on the daily chart. Plus. for BTC $7700 levels hold great support as it is 0.6 fib. I advice you to dont sell until $7500 is breached.

anijin077

As we see, BTC is about to complete its falling wedge. Moreover $7750 is a very very important fib 0.6 level. 4hr RSI is oversold as well. Expecting a good bounce from there. Below $7700 im bearish. Place stop losses at $7700

anijin077 Updated 

Falling wedge almost complete, expecting a jump to $8500 and play out further breaking $10000 in May itself.