UNCULTURED TRADER
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ETH ANALYSIS 💵
2400-2700 is a strong support zone but due to manipulation it might get broken once to create more panic in the market...The next stop is around 2150, from where a reversal should come...So anyone planning to buy should do it in parts...don’t enter with your full position at once
BTC ANALYSIS 💸
Last time when the trendline broke on BTC, there were large volumes and a big red candle....After that, the next month saw some more selling, and then a fast recovery came...which is also possible in the current scenario
Right now, BTC can still see more selling...The $60,300–$68,950 zone is strong support...If this gets tested, good buying can come in, and BTC can easily go to $85–90k
ETH, SOL, and some other coins are sustaining quite strongly for now but they can also face selling if BTC drops below $80k
At the moment, you can add some positions in spot for coins where you expect strong volume...But if someone is buying heavily thinking about altseason and expecting BTC to go to $150–200k , then they might have to wait 3–4 years
If anyone wants to make new buys right now, they should do it in parts and avoid heavy buying
A sudden sell-off came in BTC, and many positions must have been liquidated..some might still get liquidated
Anyone going long on ETH or BTC should use low margin and low leverage, only as much as you can manage... Otherwise, any further panic move can blow your account
NIFTY SMALLCAP
There should now be some volume coming into small caps, a lot of selling has already happened
I think recovery may start from next week
Those who bought HDFCSML250 earlier when I recommended it should continue to hold
If anyone wants to take some risk, they can make a new buy
If another 580–650 points of decline comes, it could become a buying opportunity
BANKNIFTY
Reason for the selling Pressure in the US market and in Crypto
:- MORGAN STANLEY NO LONGER EXPECTS FED RATE CUT IN DECEMBER
