Pulled half of my position once price touched price target and waiting to see what happens next... Read more

BTCUSDT is currently showing continuation after breaking above a consolidation structure that developed following a previous expansion phase. The chart highlights the accumulation range where price moved sideways for an extended period before building momentum and breaking above the structure resistance. After reclaiming the upper boundary of the consolidation zone, BTCUSDT began transitioning into expansion, confirming the structural breakout. At this stage, the market is attempting to stabilize above the breakout level while momentum continues to build. Two scenarios remain relevant: • If price continues holding above the structure support area, BTCUSDT may attempt further expansion toward the next reaction zone highlighted in the chart. • If the breakout level fails to hold, price could revisit the structure support area before the next directional move develops. Monitoring how price behaves around this breakout zone remains key to understanding whether momentum continues or if the market enters another consolidation phase.... Read more

Beginning of uptrend on 4H likely to continue into higher time frame... Read more

* Moving Averages: Nifty is trading well below its 50-day and 100-day Exponential Moving Averages (EMA), indicating that the medium-term trend has shifted from bullish to bearish. * Momentum Indicators: Indicators like the RSI are hovering in the bearish territory. While a minor technical bounce from oversold levels is possible, it should be utilized as an opportunity to build fresh short positions rather than a sign of a reversal. * Key Targets: On the downside, the primary objective remains the psychological support of 23,000, with a further extended target toward the 22,750 level. Strategic Trade Setup | Parameter | Technical Details | |---|---| | Market Bias | Bearish / Sell on Strength | | Primary Target | 22,000 | | Secondary Target | 18,750 | | Immediate Resistance | 23,450 – 23,600 | | Trend Reversal (SL) | Closing above 23,850 | > Strategy Note: Focus on entering shorts near... Read more

https://www.tradingview.com/x/ANgYzlLO/ Friday’s candlestick (Mar. 13) was an inside bull doji closing in its lower half with a prominent tail above. Today, (Mar. 16), the market gapped up at the open and is trading higher by 90 points - 1.97%. Bulls want a retest of last week's high (March 9), even if it only forms a lower high. The market is moving higher on its own weight, as other related oils are sideways (Crude Oil) or down (Sbo). They need sustained follow-through buying to increase the odds of a retest of the March 9 high. Bears see the current move as a retest of the prior high and hope it will form a lower high. Bears need to create strong bear bars to show they are back in control. Fundamentals: • Production: Production for March - so far looks like it's lower. • Refineries: Physical spot has caught up to futures... Read more