As mentioned multiple times in spaces,lives etc that the Market Structure plays an important role in predicting the movement . Now since we lost 74.2k as support we broke our daily structure and started going down .
For Market Structure break for bullish confirmation lies on the break of 74.2k$ and re-claim it as support .
In LTF, H4 shows a good bounce from the LTF support levels allign with FIB and VAL(H4) from where it's bouncing , i expect the price to continue the bounce unless we get some weird news to 73-74k$ key level where the price will tell it's Structure.
As we are in a bear trend in Higher time frame, i am looking for more shorts in the market rather than longs.Try to Trade according to the Trend.
I have also prepared a video for the same,please if you like it make sure to re-tweet and like this video.
Thanks,
#btc #btcusd #bitcoin. .
Why did I take this $BTC long?
The idea is straightforward price is approaching a high confluence support zone around $74k, which also aligns with higher timeframe structure. As long as this level holds, the market still has the potential to maintain a bullish bias and deliver a relief move.
The stop loss is placed below $74k, as a breakdown and acceptance below this level would invalidate the setup and shift the overall structure bearish.
In case you like such updates make sure to re - tweet ,like and follow me .
#btc #btcusd
Imagine being an American and having this view today 😂 A country that’s been humiliated in an unpopular war, zero leverage at talks, several ‘laundry fires’, ALL its Gulf Bases hit, $200 billion vaporised in losses etc, and Iran’s regime still standing.
“Head spinning” indeed.
Hello All,
$BTC pumped last night to 76k$ but the daily closing we got was ugly and it was below 74.5k which should be the new LTF resistance until proven otherwise.
There are so many singular lows and highs around this area which will work as resistances in LTF for now,if we start closing/accepting below 74k$ we can re-visit 72k$ which is the npoc for now .
#BTC
Hi All,
Hope you all listened to the analysis I posted out publicly couple of months back
Told you about SPX crash
Now all the tech stocks are almost 15-20% down
Told you about $OIL Breakout
Told you about $BTC Fakeout and dump back to 60K$
Hope it helped you
If it does make sure to repost this tweet
A very common question now a days when $BTC will make a new high ?
$BTC on a lower time frame level is currently in a ranging period, it can either break 90k can reach to 96-98k or can break downside and reach 82-80k
On a HTF , we need to close weekly above 101-102k for a new ATH…
Hope this helps
If you find it helpful make sure to retweet
Been bombarded with messages since y’day seeking “my” opinion on the follow on acquisition of SIG 716i by the Indian army. Well, we knew this was coming. So, just went about our work. But some plainspeak is well worth it.
1. I wish the govt had not acquired more of these. A private solicitation and insistence on Indian design and content would’ve easily thrown up a contender or many in fact. Testing the same against the in service system would’ve been rather easy
2. Now that it’s done, what can we do right. Most others would disband. Not us @sssdefence. We made a decision a long while ago to be the most fearless dog in this business. We shall still have a weapon for each caliber and the user to us is still the man in uniform. We will be global
3. What about Make in India for defence ? There are a handful of guys really doing good work in the small arms space. There’s commitment from them and all it’ll take is patience. With our neighbourhood, only a fool can imagine doing without indigenous weapons. They’ll have to come and buy from us
4. What about pride in Indian stuff ? We lost that pride a long while ago by building sub standard weapons in the govt controlled space. If anything, the private sector is regaining some of the pride. But making good weapons & getting them accepted is a difficult task. We know since going global has taught us that. In any case, we brown skinned Indians have always found that we’re respected by our own global peers before the country wakes up 😂. It’s a self esteem thing
5. One last bit. Here’s the challenge - we’ve heard from the buyer for a long time that “we’re not there on metallurgy” or “our designs are behind time”. I say put an indigenous weapon of ours against a global benchmark in each caliber and test out. Make the results open like real serious armies do. Test protocols are clearly defined. It would be the best for both sides. How difficult is that ?
@BitRose5@eltsubejbe@RyoshiResearch The TA for Tsuka looks bad (I am just a beginner in TA though). I still hold it but see no point in waiting for a catalyst. What are your thoughts on it?
The Govt of India has set aside ~ ₹500 crore to fund, incubate & assist Defense Tech companies being built from India: This scheme is called iDEX (Innovations for Defense Excellence)
In FY 21-22, ~₹500 crore was set aside from the Defense budget for iDEX - to be used over a period of 5 years. It is worth digging into this program ⤵️
(1) The big picture for India 🌟
- We are the world’s largest weapons importer
- Defense is ~13% of our Union budget spend
- We import ~$5bn worth of foreign arms & weapon systems each year
➡️If we wish to see Aatmanirbhar Bharat - then we need to invest in local R&D and manufacturing capability for our Defense industry (especially given some neighboring countries)
(2) About iDEX
- iDEX is managed by DIO (Defense Innovation Organization) which is a not-for-profit company
- There is ~₹450 crore set aside to grant up to ~₹1.5 crore to ~300 winners of IDEX challenges (these happen from time to time)
- There is also a parallel iDEX Investor Hub which is an example of PPP (Public Private Partnership) wherein private sector investors have pledged a further ₹200 crore
🧠The rationale for iDEX existence is clear: Defense Tech companies need to undergo long R&D cycles with high CAPEX in order to reach commercial viability; not suitable for private investment early on.
- This requires patient capital (often from the Govt) & long-term design partners (again Govt entities) who can partner / pre-fund efforts.
- Sometimes, you need an organization (DIO) to act as a bridge between Defense procurement, private investors & entrepreneurs
(3) History may not repeat but it surely rhymes 🔄
- The origins of Silicon Valley can be traced to US Government investment in defense R&D via DARPA; which started with a $520M grant in 1958 in response to Soviet space flight
- DARPA’s funding was responsible for funding innovation which led to Internet, GPS, computer mouse & much more
- DARPA & the geo-political environment then kick-started innovation in defense - leading to creation of prime defense contractors (e.g. Lockheed Martin) and eventually Silicon Valley
Right now, private investment $ in India are skewed towards software & technology-enabled companies. Hopefully, with schemes like iDEX, defense & hardware will become more attractive for investment & company formation.
➡️Defense won’t become indigenous overnight - it will be a multi-decade journey. But, just like DARPA seeded Silicon Valley (50 year view), I wonder what iDEX will seed for India in the next few decades!