sunilvedula

sunilvedula

BTC has completed the base formation The base has been formed (54210- 53500)from where it rebound. Go long in BTC only above 60,500 SL at 60,000.

sunilvedula

BTC after a long consolidation is now breaking down. The next possible likely target once it breaks 55650 is 44750. At that level we will have to review to see if it will take support or fall further.

sunilvedula

The downside is now completed. banknifty is now ready to reverse as it has taken a clear support at pitchfork line. Our first tgt is 49094 and final tgt for this reversal is 49500

sunilvedula

Nifty bank most likely has made a bottom at 47316. The fibo line support is at 47238. The last 2 days gap down should now be filled up with first target at 48636. The second target would be 50k.

sunilvedula

As per pitchfork analysis as shown in the figure market has closed above successfully the parallel lines. All lines of pitchfork will act as support and resistance. Since today close is a green doji but still we need to wait for a confirmation which will come only if we close above 49094 (Banknifty futures) . If we close above that level we are confirmed to upside...

sunilvedula

Get ready for a downside show. All factors are now inclined to moving downside. First target on downside 45850. If we close below that then second tgt is 45000, 3rd tgt is 44500 and final tgt should be 43950. All levels are futures.

sunilvedula

BTC is going down as happening with all cryptos. The support for BTC exists at 62k. Once that support hit we shall reevaluate the situation and basis price action we can decide further course of action. Till 62k is touched pls don't get into buy side of BTC

sunilvedula

BTC likely to touch ATH (All time High) again. Market has taken likely support at 65600 by forming multiple doji patterns at that level. So our view has reversed. Also on 1 day chart all indicators and patterns are bullish

sunilvedula

BTC is ready for profit booking and correction till 57k. This is a good sign if it needs to resume its buillish trend to 1L

sunilvedula

The BTC setup is absolutely right to enter now and leave it till 1Lakh price tag.

sunilvedula

Wow what a rally inn BTC. we have met all our targets starting at 50k , 57k, 61k and now our last target is set at 69k.

sunilvedula

Get ready for 61k. we have successfully completed 57k. It took sometime as it consolidated but the target was achieved. Now next target is 61k.

sunilvedula

BTC on 12th Feb closed successfully above the fibo level of 48286. Now our next target is 57k. From 49600 i have asked few to hold till 5k.

sunilvedula

Though the pain is not complete, atleast it looks like downside in HDFC Bank is coming to an end . 1371 should be the low for now. We should see a rally soon with 1st tgt being 1458, 2nd tgt being 1515 and 3rd tgt being 1573. I would urge people can go long now with SL at 1371 on candle closing basis on 1 Day chart.

sunilvedula

BTC didnt give us a higher high above 48286. Now it is ready for a downside. I have already mentioned the downside supports also shown in the figure. we need to watch and see if it will retrace till 42050 or not. There are multiple supports in between, Still full retracement not yet ready but mkt can move sideways or will go to the first support till 46759

sunilvedula

ETH USD go long only above 2509 as it is fibo 61.8% level. Only if you get a closing above that level think of going long. As of now mkt looks like a bit sideways and wll be sometime before we close above. But closing above should be good with SL below that level.

sunilvedula

Following are the support levels for BITCOIN as seen in the pic. 46759/46337/45927/45460/45026, Mkt can take support at any level and either move sideways or any closing above 48286 will take it 49039 and next tgt can be 57200 which is 78.6% fibo leve

sunilvedula

BTC as we ealier envisaged is reaching our target of 48286 which is fibo level of 61.8%. All users book profit at this level and then basis price action we will decide further course of action.