#BHEL futures freeze at 10% prompted me to look at daily chart on 1% box size - huge anchor column !!!
More from DTBhat
#TATAPOWER futures on daily charts, finally breaks out of the tight range. Open counts are at 150 and 187. https://t.co/lPshkD3FeA
#TataPower on daily charts - a breakout above 126 will be very interesting. It is bullish on higher boxsizes and has given a reversal after a pullback on lower boxsize. Price charts and RS charts self-explanatory pic.twitter.com/9ulYjvBVza
— DTBhat (@dtbhat) July 12, 2021
More from Bhel
#Bhel up 5% since post
It crossed 63, now price action important, if sustains above 63, can possibly head towards 69-75 zone
RSI looking bullish
Not a trading call , academic post https://t.co/0IAjXZ5C88
It crossed 63, now price action important, if sustains above 63, can possibly head towards 69-75 zone
RSI looking bullish
Not a trading call , academic post https://t.co/0IAjXZ5C88
#BHEL monthly chart, if the stock is able to trade above 60-63 zone, we may see significant upmove in this stock, Monthly RSI is 50+ & moving up.
— Techno Prince (@Trader_souradep) May 10, 2021
Not a trading call, academic post pic.twitter.com/VuBoKJvbmn
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.