Saturday, May 19, 2018

A tradable uptrend in Bitcoin, is in the offing.

We begin the analysis with a 3-month chart of Bitcoin Reference Rate



The 3-month chart of the bitcoin reference rate shows a pennant. This pennant's previous move started on April 1 at 6505 and ended on May 5 at 9915 So we can estimate the next move up to climb 3410 from the breakout when the breakout occurs.

The pennant has tagged the lower Bollinger band at about 8000. The bands are diverging, and this also suggests that prices are likelier to rise rather than fall further.

We now see the Bitcoin futures chart.



The June 2018 Bitcoin future also shows that a high volume was absorbed on Friday without a large fall. The high volume may be the result of rolling over of May 2018 positions to June. Even so, there is no doubt that demand exists. This demand is likely to drive prices higher.

So, buying the Bitcoin June 2018 future is recommended at the current
levels with stoploss at 8149

Tuesday, June 18, 2013

June 19, 2013, Wednesday



National Stock Exchange of India (NSE)
Bank Nifty July 25, 2013 index future
     Buy while keeping stoploss at 11845

Sunday, June 16, 2013

June 18, 2013, Monday

National Stock Exchange of India (NSE)
CNX IT June 27, 2013 index future
     Sell if the future trades at or below 6349
       maintain stoploss at 6421

Monday, May 20, 2013

May 21, 2013, Tuesday


National Stock Exchange of India (NSE)
Bank Nifty Jun 2013 future
       Sell keeping stoploss at 13230
       Close position at close

Monday, April 8, 2013

April 9, 2013, Tuesday

National Stock Exchange of India (NSE)
CNX IT Apr 25, 2013 index future
     Close positions at open

Sunday, April 7, 2013

April 8, 2013, Monday

Australian Stock Exchange (ASX)
 ASX 200 (SPI200) June 2013 index future
       Sell short keeping stoploss at 4913
        Analysis
 
National Stock Exchange of India (NSE)
CNX IT Apr 25, 2013 index future
     Move stoploss to 7104
      Analysis

Thursday, April 4, 2013

April 5, 2013, Friday

National Stock Exchange of India (NSE)
CNX IT Apr 25, 2013 index future
      Sell short keeping a stoploss at7155