Swastik24

Expecting a fall of around 17% towards 22000 level as per the WXY correction after which a massive 120% rally will happen towards 49000 level.This 17% fall will sweep the liquidity to fuel the upside move and is highly likely to happen.This is in correlation to Crypto Total Market Cap which is linked below.Good to look for investment opportunities during this fall instead of panicking.This is not a buy or sell recommendation, do your own due diligence before taking any action.Peace!!

BTCUSD Trend analysis Bitcoin is heading towards Fib Golden Zone before a major fall. A nice Cup with Handle pattern signifies that.

BTCUSD Trend analysis Bitcoin is heading towards Fib Golden Zone before a major fall. A nice Cup with Handle pattern signifies that.

Accumulate around 600-800 levels for a potential target of around 7500-8300 in long term.You can either exit or keep averaging if it falls below the mentioned levels.Even though the probability is high but nothing is guaranteed in cryptoverse, so do proper risk management.Peace!!

Good to accumulate around 17000 level for a potential upside as it is lying at trendline support.Weekly RSI looks highly oversold and forming strong bullish divergence.Every time weekly RSI went around 30 odd levels, it had given a strong up move. Highlighted for your reference.Minimum upside target should be around 46000 level as it is at golden fib zone and also acted as strong key level in the past.Other macroeconomic factors supporting my view are:Bond yields are about to fall as the weekly candlestick is about to close as bearish pinbar at the resistance zone.Dollar Index has already started falling and today's bearish candle is the longest since Covid crash indicating strong rejection from the resistance level (around 105.41) I have highlighted in DXY trend analysis earlier.Dollar Index TA link is provided below.Do your own due diligence before taking any action.Peace!!

Pattern is likely to form a broadening wedge which lies in confluence with all my previous analysis emphasizing solely on Expanded Flat Correction.Technical target of bear flag (28500 level) also lies in confluence with the above mentioned outcome by reaching the green descending support line.What is your opinion?Feel free to comment, I don't judge people based on their skills, though I judge by how they behave.If everyone will be right on analysis then markets will become flat or least volatile.Peace!!

If BTC had to follow break out of triangle pattern, then the retest bounce on 1st of April would have soared high.Now it is getting invalidated (in confluence with RSI) and the support became resistance again.As stated in my previous TA on weekly time frame, Rising wedge or potential bear flag is forming.Link is provided below for your reference.Peace !!

Bear Flag or Rising wedge (Bearish Patterns)It's a continuation pattern and RSI also showing hidden bearish divergence.Daily MACD flashed sell signal.As per pattern, technical target should be around 30500 level which is in confluence with all my previous targets.Peace !!

Bearish crossover of 20 & 50 WMA happened already.Historical crossovers show 54% decline from the week of crossover.Big volume dump at second instance is due to pandemic.I don't think 54% dump possible this time.Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%,then BTC can correct almost 35% to 30,000 level approx.

Gold last leg up.Two scenarios are likely to happen:(i) Expanded Flat Correction shown in red.(ii) Zigzag correction shown in white.In my opinion expanded flat correction is more likely to happen logicallywhen stocks indices are expected to make a lower low and technicallythe Daily TF trendline hasn't broken yet which confirms overall uptrend.Max upside should be 2100-2105$There is another scenario which also confirms similar results.For those who are thinking gold will reach 2500$, a grand salute to you.Not an investment advice, DYOR before trading or investing.