Fahim-ahmed

Fahim-ahmed

Basic dow theory in play so my stance is bearish. All TPs are given on the chart

Fahim-ahmed

Right now, it has touched the bottom of the trend line and is now ready to move upwards. I can also see bullish divergence on sotchist.I believe it should be god investment till 1.75. This is not a buy/sell call.

Fahim-ahmed Updated 

On the daily chart it suggests that we may see some positive movement till 5.9 to 6 dollars. If you are a trader and want short-term profit so it's a good deal to go for long with stop loss 3.65.

Fahim-ahmed

we may see a significant decline in BTC as first after very long time weekly closing is below MA 50. Also, EFI is below 0 which suggests not a hopeful result. Our target is 40 ,000. If this is broken then not a very good sign for BTC .

Fahim-ahmed

we may see a significant decline in BTC as first after very long time weekly closing is below MA 50. Also, EFI is below 0 which suggests not a hopeful result. Our target is 40,000. If this is broken then not a very good sign for BTC.

Fahim-ahmed

Currently trading side ways so ideally it should continue to go down. - Short target would be 122.4 - Stop loss 123.75

Fahim-ahmed

The basic concept of the chart is Dow theory and it suggests that HH HL is in play based on that we can easily say that a long position should be taken and the first target is 83. Also, stop loss should be applied on the dark green line. RSI also suggests a highly oversold position.

Fahim-ahmed Updated 

We can see that dodge is standing at very strong supporting zone and you may see a great run from here onwards. - First target 0.2183 - Second target with trailing stop loss 0.270 - Third target 0.349 with trailing stop loss Stop loss is if current support is broken. Please check our chart where further details are mentioned.

Fahim-ahmed

We should wait for trend line to either break or follow LH LL (dow theory). I am expecting this to go down from the trend line. Keep an eye to earn good in short term.

Fahim-ahmed

We may see that it has achieved ABCD pattern so the next move would be downfall. Right now it is at support level once it is broken you can enter the trade with a short strategy. The first target would be 3,450 and the second would be 2,700 with trailing stop loss.

Fahim-ahmed

Based on my working, I noticed that HL is broken which indicates bearish will take control or BTC may go side way. Also, bullish trendline support is broken. I can feel the declining mode of BTC. This is not a buy or sell call.

Fahim-ahmed Updated 

- Trending line suggests bearish - Moving in side way zone - Stance: Short - Entry: Reversed from resistance so can be entered at this point - Target: 0.8679 - Stop Loss: 0.87670

Fahim-ahmed

- We expect to recover this pair from here as last bearish trend was also last for almost the same period. Also, we can see strong support in this area based on previous resistance Position: long Entry: wait for green candle in supporting zone which is between 75.04 to 75.118 1st Target: 75.684 (based on Fib trace) 2nd target: 75.999 onwards with trailing stop...

Fahim-ahmed

Refer to chart for description as current status suggest that we may long the position in short term and later on same pair can be used for short position.

Fahim-ahmed

- Long position - Entry around 0.012330-340 - Based on Dow theory - Stop loss 0.012250 - Target 0.012700

Fahim-ahmed Updated 

Based on ABCD pattern and Dow theory, we can see that daily chart is suggesting HH and HL which means it may go up. Abit risky deal but since stop loss is very small so risk can be taken. This analysis is done from learning point of view and should not be considered buy or sell call.

Fahim-ahmed

Strategy should be to go for short and if it breaks 155.15 than we should exit as our our stop loss will hit. This strategy is made based on dow theory and trend line. You can view my chart for further understanding.

Fahim-ahmed

Based on trend analysis we may see profit taking around USD 2,900 as it is a strong resistance area.