pnaik732

pnaik732

Can be seen as a good sign that BTCUSD bounced off resistance turned support, without going to the higher lows line. Still have to overcome 48k though. In the meantime, rangebound

pnaik732

This is a really good sign so far --- shows strength in demand. However, certainly could break towards the less steep higher lows line. Next upside target is 50k, next downside target the less steep higher lows line.

pnaik732

After an excellent triangle breakout, could go back to retest 45.5k area / the higher lows line. Take some profits on non-HODL positions now and reload lower. Not financial advice.

pnaik732

textbook, good it went to the upside. I think there is room to run here / take some profits along the way though not investment advice

pnaik732 Updated 

Heading into the apex of another triangle. An upward breakout could have room to run. Otherwise expect more consolidation - current sharp uptrend line may be broken but there is still the higher lows line. At this point short-term positions should certainly consider taking partial profits. Not financial advice

pnaik732

Triangle breakout there should be room to run, wary if below 42k again let's go

pnaik732 Updated 

big triangle on the 4h with four days left to the apex looking for a breakout I am biased long if it happens first take profit would be near 44k, second 46k.... break above 46k it could run a few k if it breaks down out of the triangle then at least there are several supports nearby not financial advice

pnaik732

need a confirmation day or at least consolidation here

pnaik732

Does the US500 reclaim the 15-year trend line, or does it fall back? The test is beginning now.

pnaik732 Updated 

Take some off the table here; if price passes the go line, jump back in not financial advice

pnaik732

A lot will depend on reaction to the Fed as usual. As you see, we are coming to the convergence of the 15-year trend line and the current down trend line. Breaking through this resistance would be a positive for the markets.

pnaik732

Long to 42k / triangle / go-line. If BTCUSD reaches 42k before the Fed decision, might be good to take some profits in case there is a negative reaction to the Fed. If positive reaction to the Fed this could run a bit more, but horizontal resistances lie above (there may be some diagonal ones too, but I haven't looked for them yet) not financial advice

pnaik732

A breakdown occured but the uptrend line has been reclaimed after testing the big line. BTCUSD is forming a triangle with higher lows and lower highs. Short term recommendation long up to the top of the triangle Long term... still thinking long perhaps as Treasury yields cool not financial advice

pnaik732 Updated 

Will find out soon. Looking possible so far, but going into the weekend who knows. still not ready to give up on the long idea here.... it's all about the most important trendline in crypto, followed by these higher highs and getting to the go line

pnaik732

Look for support at the cross between the higher highs line and the current most important trendline in crypto A retest/resumption here would be very positive for crypto otherwise back to test lower/channel support again

pnaik732

new up impulse already hit it's target... best case scenario is consolidation and a move higher. But we seem to be in a channel at the moment. this is not a bad place to take some profits on trading positions, then watch for the next move

pnaik732

though it has failed before.... still. a good sign to hold this line again setting up for another bounce to 42k region if this line can hold. Otherwise back to 37k and then see if we have ourselves a channel

pnaik732

but will we see a resumption or a failure. hard to predict given global events. nice place to accumulate anyway