BTC has emerged to be the Alpha of crypto market industry. After making higher high, BTC is unable to sustain $60,000 level. This level has been tested multiple time and it seems to be that the momentum in the market is getting low. On daily time BTC is sustaining above 200 ma but it has failed to break the highs and according to price action pattern we can observe a formation of RISING WEDGE PATTERN. Rising wedge pattern is a REVERSAL PATETRN which indicates a potential reversal from the high zone & a shift in volume from buying to selling. Also looks at the MACD indicator that helps you to identify divergence between the price and momentum indicates that there divergence happening and we can possible see some bearish movement in coming days. Our first target is 52000-52500. Trade safe. Look for some news while entering.
Hi, impressive analysis. Kudos mate
If you can give inputs on Reliance(or any other value stock,indices) for this months expiry regarding options trading .
#Analysis Coinexpress
Trademint08
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@pleasantMoth46982 We do put analysis on index and stocks but we don’t provide analysis on stocks options because we had seen & we believe stocks options contract has low OI & Not good volatility that is needed for contracts to move.
If you can give inputs on Reliance(or any other value stock,indices) for this months expiry regarding options trading .
#Analysis Coinexpress