nmchary

nmchary

Hello, Looks like Federal fund rates are going to be in uptrend (Double Bottom + Bullish Divergence in RSI), in the past from 1958 to somewhere around till 1980 SPX was in sideways move or economic decline. Can we see something similar kind of movement in SPX? IMO yes. So, will Bitcoin follow SPX? IMO Bitcoin also moves in sideways, or Bitcoin is risk on...

nmchary

Hello guys, Since USDT dominance reached to an important support zone of 5%, looks like Bitcoin is in topping process only if USDT holds this support zone and makes some kind of bullish Divergences. For short term looks like UDST dominance bounces back from support zone, so Bitcoin can correct from 52k to 53k zone. Case1: If USDT.D holds 5% zone n forms...

nmchary

Hello, Sometimes it's good to visualize the markets in higher time frames in simple and easy manner. Economies may slow down for longer periods of time, may be for the next 10 to 20 years. I think we are in a Tech Bubble. It's just my assumption. Thank you.

nmchary

Hello everyone, hope you all are doing good. Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out). There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k. If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that...

nmchary Updated 

Hello everyone Hope you all are doing good, This time I thought to make a Technical Analysis on Total Market Cap only for the year-2023. Not a Financial Advice, please do your own research before investing in trading. This analysis is only if Bitcoin puts Lower lows. There are possibilities this may not happen too if the price stops at any of the blue...

nmchary Updated 

Hello everyone, hope you all are doing good. Recently i made a short-term Bitcoin analysis about the Bullish scenario of Bitcoin . Since in trading we have to think in two ways (both upside and downside). So, this time am making the Bearish scenario of Bitcoin . As of now the way Bitcoin is moving somewhat similar to 2014 Bear market. The action or movement in...

nmchary

Hello everyone, hope you all are doing good, Not Financial Advice though. It was a massive pump to 21300 something as i said in my yearly and other Bitcoin Analysis that Bitcoin will definitely test 30k zone somewhere in Q2/Q3-2023., So What next??? lets check the possibilities what will happen. In chart i explained the 2 possibilities mostly can play out....

nmchary Updated 

Hello everyone, not a financial advice though, This chart analysis is the continuation of the below Bitcoin and DXY Analysis: After Detailed Analysis/Examination in all aspects and making different chart Analysis like Elliott Wave Theory/DXY/Volume/Indicators/Oscillators/Patterns I came to the conclusion with the current Bitcoin targets as somewhat realistic...

nmchary Updated 

Hello everyone, hope everyone doing good, (Not a financial advice) After Analyzing DXY/Dollar, in Longterm view Dollar is doing something similar to the past and present. FALL A -----> STOP/CONSOLIDATE/CUP SHAPE----->UPTREND/PARALLEL CHANNEL----->TOPPING PROCESS/BEARISH DIVERGENCE---->FALL B------> STOP/CONSOLIDATE/CUP SHAPE------>UPTREND/PARALLEL...

nmchary Updated 

Hello everyone, hope you all are doing good. As I said I will be posting an idea how Bitcoin is corelated to DXY/Dollar, so in this am going to explain the S&P500+Bitcoin-->Correlation-->DXY/Dollar. Guys this is very important to understand so please check the chart carefully an if you have any questions, please do comment. DXY/Dollar: DXY/Dollar is the ultimate...

nmchary Updated 

Hello everyone, hope you all are doing good. As I saw many people focusing on Yearly Candle patterns of Bitcoin, so I thought to make a Bitcoin Analysis and Observe it in a bigger perspective. This Bitcoin Analysis is not a financial advice, cryptocurrency market is highly volatile and highly risky, so please do research before trading. It's a New Year season,...

nmchary Updated 

Hello everyone, hope you all are doing good. This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading. Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns) This analysis is only...

nmchary Updated 

Bitcoin in Dec-2017 made its ATH 19k~ and for the first time Bitcoin has entered in the same zone. If we look back from 2010 to now-2022, since it entered in a zone of previous ATH never before, so if we apply Elliott Wave theory to Bitcoin, the current capitulation looks like ABC correction in a larger time frame. (The time frame of this ABC correction is just...

nmchary

Hello every one, hope you all are doing good. This is not a financial Advice, crypto is very volatile and risky, so please do research by your own before doing trade. OBV OnBalanceVolume is one of important indicator to find the volume locations/movement of volume and the movement of the price. sometimes it's hard to find out the Divergences using RSI alone,...

nmchary Updated 

This is not a financial advice - this is my personal opinion. Am looking Ethereum in a bigger picture right from the start in and around 2016. -> During 2016 to 2017 Eth made a bull flag at BreakOut1 trading in a parallel channel for some time and it Break out again at (BreakOut2) reaching exactly the size of flagPole2. (The length of flagPole1,2,3 and 4 are of...

nmchary

As I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea. This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle. This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an...

nmchary

This is a good example to Analyze Eth chart pattern. Even Eth is making something similar parallel pattern in a longer time frames. Generally, after the 2nd consolidation it should Break out from the channel, if it fails and making Bearish Divergence in the rsi, high possibility that it will break down from the channel. This doesn't mean Eth falls in a similar...

nmchary

If Bitcoin is resetting its overall trend and goes to sub or around 5000usd, i was checking what would happen to altcoins? Ultimately Bitcoin rules the overall criptocurrency not compulsory though, i took Litecoin as good example since it is one of the oldest blockchain and its chart pattern looks quiet simple and good. This doesn't mean all the altcoins perform...