gnaveen23

gnaveen23

Technicals :- 1. A reversal at 0.618 Fib level (29K in this instance) has happened in all the previous bull runs in the year immediately following BTC halving, and from this point there has been a great upside. 2. Bitcoin price will need to stay above $44-45K (200 day moving average & 0.382 Fib levels) to continue the uptrend. This is a critical level that...

gnaveen23

As we charted out earlier this month, Bitcoin (Day chart) is apparently still following the Wyckoff Accumulation model, and has hit a local top ( of Phase B ) and now declining. At the same time, we see that the 50d MA has now crossed over 200d MA and diving down - we will now hope BTC price action to bounce off just below the support lines (say around $28K) and...

gnaveen23

In FED's meeting next week, assuming they don't change their stance on the current levels of monthly bond purchases and the interest rates, NASDAQ100 could go further and hit 14750 a 5% increase from its current levels. It is also expected that the Q2 earnings season will underpin this summer rally.

gnaveen23

A key charting event will happen in the coming days : MA (moving average) cross over Orange Curve is the 50 day MA and Blue Curve is the 200 day MA Both will cross over likely by early next week and typically it means a trend reversal In general across both capital markets and crypto markets, (a) If 50day MA goes down after the cross over, it confirms a...