Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook:
Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it.
On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market.
On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.
Investing
USDJPY - Bullish Pullback ExpectedThe USD/JPY has been on a bit of a slide since last Thursday, hitting an eight-week low of around 147.40 during Tuesday's European session. Right now, it's eyeing the 147.00 mark as immediate support, right after a 38.2% Fibonacci retracement at 146.32.
The US Dollar (USD) is taking a dip, reaching a nearly three-month low due to some less optimistic outlook from the Federal Reserve (Fed). This is a big reason why the USD/JPY pair is going down. If this trend continues, it might lead to more bearish movements, possibly heading towards the psychological support around 146.00. If it breaks that level, we could see the pair going down to around 144.60.
But, on a positive note, there might be a bit of an upswing first. The major barrier is at 147.50, and if it breaks through that, we might see some support at 148.00. If things go well, the USD/JPY could explore levels around 149.00 or even 150.00.
Considering recent liquidity key levels created, we might see a bounce back to those price levels highlighted on the chart, possibly around the 62/70 fibs zone before it continues its downward movement. Since we're near the end of the year, prices might hang around in that zone for a bit before heading further down. What do you think? Please feel free to comment below!
Indian Metals & Ferro Alloys for investmentGood fundamentals
Company has reduced debt.
Stock is trading at 0.71 times its book value
Stock is providing a good dividend yield of 4.17%.
Company is expected to give good quarter
Good to accumlate around 200 to 250,
SL 170 CLB.
Saptarish Trading
Views are for education only, not a SEBI registered advisor.
Godawari Power Future Multibagger.Godawari Power :
Fundamentals :
Company has reduced debt.
Company is expected to give good quarter
Company has delivered good profit growth of 82.92% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 39.10%
Technicals:
Created base around 230-250, getting bounce from these levels, can accumlate some at CMP and more if it comes near 230-250.
Can add more above ATH.
Also bounced from 100 Period MA
Investors can hold without SL, if one must, SL is 170 Closing basis.
Saptarish Trading.
10 POWERFUL INVESTING & TRADING QUOTES OF ALL TIME
Here are powerful quotes of professional traders, investors and experts in financial markets.
Let their words inspire you and help you in your trading journey.
"To succeed in the market, you must learn to think like everyone else and do the opposite." - Sir John Templeton 📈💭💡
"The four most dangerous words in investing are: 'This time it's different.'" - Sir John Templeton ⏳📉🛑
"The more you learn, the more you earn." - Warren Buffett 📚💰📈
"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money." - Victor Sperandeo. 💪💰🚫🧠
"Investing is not about making predictions, it's about having a plan and sticking to it." - Tony Robbins 📊🔄📌
"The best time to buy a stock is when the blood is running in the streets." - Baron Rothschild 💀🔪💰
"The best investment you can make is in yourself." - Warren Buffett 💼💡💰
"The stock market is not a casino; it's a crooked casino." - Charlie Munger 🎰🎲🏛️
"Losses are part of the game. You can't win every trade." - Martin Schwartz . 📉😔💔
"The fundamental law of investing is the uncertainty of the future." - Peter Bernstein . ⚖️❓🔮
The More I trade, the more I realize how precise and meaningful are these phrases. Take them seriously, and they will help you achieve the financial success.
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EURUSD Bearish move in the worksHey there! Let's take a look at what's happening in the market:
Good news for the Euro! It's making a comeback, breaking the important 1.0700 mark against the US Dollar. People are thinking that both US and German yields might decrease, and there's a vibe that the Fed won't be raising interest rates in December.
On the European Central Bank front, it seems like they're in a bit of a standstill with their tightening cycle. And keep an eye out for the US Inflation Rate – it's expected to be a big deal later in the session.
Now, onto the specifics: the Euro is gaining ground against the US Dollar, reaching a six-session high around 1.0730. Meanwhile, the US Dollar is taking a bit of a dip, hanging out in the mid-105.00s according to the USD Index (DXY).
Why is the Dollar doing this? Well, US yields are weakening, and there's this ongoing difference between what the Federal Reserve is saying and what investors believe – some think there might be a break in the Fed's normalisation program.
Over at the European Central Bank, they're talking about taking a break from their restrictive stance due to inflation running high. Also, good news from Germany and the Eurozone – Economic Sentiment is up! On the flip side, there's a slight contraction in the GDP Growth Rate for the Eurozone in Q3.
Hope this gives you a good take on the market movers!
High Returns, Low Risk: Unveiling a Winning Investment StrategyI am pleased to introduce a robust long-term strategy that seamlessly combines performance with an enticing risk profile.
This strategy involves strategically investing in ETFs indexed on the S&P 500 and ETFs backed by physical gold. Let's delve into the rationale behind selecting these two assets:
S&P 500:
1. Automatic Diversification: Instant exposure to a diverse array of companies, mitigating the risk associated with the individual performance of a single stock.
2. Low Costs: ETF management fees are typically low, facilitating cost-effective diversification.
3. Liquidity: Traded on the stock exchange, S&P 500 ETFs offer high liquidity, enabling seamless buying or selling of shares.
4. Historical Performance: The S&P 500 has demonstrated consistent long-term growth, making it an appealing indicator for investors seeking sustained growth.
5. Ease of Access: Accessible to all investors, even those with modest investment amounts, requiring only a brokerage account.
6. Simple Tracking: The S&P 500 index simplifies market tracking, eliminating the need to monitor numerous stocks individually.
7. Dividends: Companies included often pay dividends, providing an additional income stream.
8. Long-Term Strategy: Ideal for investors pursuing a long-term approach, S&P 500 ETFs are pivotal for gradual wealth building.
9. Geographical Diversification: Investing in an S&P 500 ETF offers not just sectoral but also geographical diversification. Despite the U.S. base, many included companies have a global presence, contributing to international portfolio diversification.
Moreover, Warren Buffett's 2008 bet, where he wagered $1 million on the passive S&P 500 index fund outperforming active fund managers over a decade, underscores the difficulty even seasoned financial experts face in surpassing the market's long-term return. This further strengthens the notion that choosing an S&P 500-linked ETF can be a prudent and effective investment strategy.
Investment in Physical Gold ETFs:
1. Exposure to Physical Gold: Designed to reflect the price of physically held gold, providing direct exposure without the need for physical acquisition, storage, or insurance.
2. Liquidity: Traded on the stock exchange, physical gold ETFs offer high liquidity, allowing investors to buy or sell shares at prevailing market prices.
3. Diversification: Gold's unique reaction to market dynamics makes it a valuable diversification asset, potentially reducing overall portfolio risk.
4. Lower Costs: Compared to physically buying gold, investing in physical gold ETFs proves more cost-effective in terms of transaction costs, storage, and insurance. ETF management fees are also relatively low.
5. Transparency: Managers regularly publish reports detailing the gold quantity held, ensuring transparency about underlying assets.
6. Accessibility: Physical gold ETFs offer easy market access without the need for physical possession, appealing to investors avoiding gold storage and security management.
7. Gold-backed ETFs: These ETFs physically hold gold as the underlying asset, with investors often having the option to convert their shares into physical gold.
After extensive research and backtesting across diverse ETFs covering various asset classes, including bonds, real estate, commodities, and stocks of financially stable companies, my findings notably highlight a standout option during times of crisis: physical gold ETFs.
The strategy hinges on leading indicators, powerful economic tools.
Leading Indicators:
Leading indicators, or forward indicators, are crucial tools in economics and finance for anticipating future trends. In contrast to lagging indicators, which confirm existing trends, leading indicators provide early signals, aiding informed decision-making based on anticipated economic developments.
Key characteristics include:
Trend Anticipation: Early insight into upcoming changes in economic activity, facilitating preparedness for market developments.
Responsiveness: Quick reactions to economic changes, sometimes preceding other indicators.
Correlation with the Economy: Association with specific aspects of the economy, such as industrial production, consumer spending, or investments.
Examples include:
• Housing Starts: Providing early indications of the real estate market and construction investments.
• Net New Orders for Durable Goods: Indicating business investment intentions and insights into the manufacturing sector's health.
• US Stock Prices: Considered a leading indicator reflecting investor expectations.
• Consumer Confidence: Measuring consumer perceptions and influencing consumer spending.
• Purchasing Managers' Confidence and Factory Directors: Offering insights into production plans and future economic trends.
• Interest Rate Spread: Indicating economic expectations and influencing borrowing and investment decisions.
Returning to the strategy, I leverage entry points calculated by a meticulously developed strategy incorporating leading indicators applied to the SPY chart. The achieved performance of 3496% since 1993, with 15 closed trades, significantly surpasses a buy-and-hold position yielding 1654% in performance. Notably, the maximum drawdown is 5.44%, a stark contrast to the over 50% drawdown seen in an investment in the S&P 500.
Upon the indicators signaling the end of the long position, I close my SPY positions and transition to positions in physical gold ETFs.
In our example, choosing the GLD ETF yields a performance of 173%, adding to our total performance.
While the maximum drawdown, considering the addition of the investment in physical gold ETFs, is 17.65%, slightly higher than the drawdown on the strategy applied to the SPY, it remains impressive for such a prolonged period.
Now, if we conduct the backtest since 2007:
SPY : performance of 751 %, max drawdown of 4.02 %
GLD : Performance of 153 %
Since 2015:
SPY : performance of 131 %
GLD : Performance of 37 %
Disclaimer:
The information shared is for educational purposes only and is not financial advice. Investing involves risks, and past performance is not indicative of future results. Consult with a qualified financial advisor before making investment decisions. The author is not liable for any financial losses incurred.
CRUDE OIL ALL PERSPECTIVE OF CHART Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions
if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg down), which is my last option due to the economic situation
Acceptance below 200 and 50 Weekly Moving Average(SETUP-SHORT)
S&P 500 INDEX MACRO ANALYSIS, IMPORTANT ZONE I'm still sticking to my 4200-4220 zone for something more serious. You can always run into a scalp like I tried yesterday, but none of that is a serious zone.
Every time I repeat, I enter where there are more confirmations for a higher probability
You can see 100 WMA, 50WMA, 200DMA + Fibonacci 0.382.
If this zone is broken, I don't believe I will be bullish anymore.
S&P 500 Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
The S&P 500 index has been showing a consistent upward trend for a while now, and it has reached our designated Mean Resistance level of 4515 in this week's price action. This price level indicates a strong indication of retesting our completed Inner Index Rally 4590 on July 27, 2023. However, it's important to note that the market may experience a temporary pullback at this level, causing it to fall back to Mean Support of 4487. This transient retracement is essential for gathering momentum for the next rally phase.
If the market successfully retests the completed Inner Index Rally, the subsequent pullback will likely be significant and turbulent. This means traders and investors should be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.
EUR/USD Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
The Eurodollar has experienced a notable recovery after successfully achieving the designated target of Inner Currency Rally 1.077. This means the Euro has bounced back significantly and shows positive momentum in the currency market.
However, as the Eurodollar approaches the next selected mark, Key Res 1.092, it may encounter significant resistance. The price of this resistance level is essential, suggesting whether the Eurodollar will likely fall further.
Furthermore, if the Eurodollar fails to surpass the Key Res 1.092 level, it could continue its downward momentum and reach the Mean Support level of 1.084. This crucial support level will offer a substantial price platform against further downward movements. Therefore, it is also essential to keep an eye on the Eurodollar's performance at this level.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 17, 2023Technical Analysis and Outlook:
Currently, the price of Bitcoin has been contained within our completed Inner Coin Rally of 37800 and vital Mean Sup of 35600. This has resulted in a trading tunnel that is particularly beneficial for those experienced in active trading. However, it is worth noting that the price is currently dropping towards the Mean Sup of 35600, and there could be a possibility of a further correction to the Mean Sup of 33900. On the upside side, Bitcoin's price has the potential to reach the Next #1 Outer Coin Rally of 39200, #2 41200, and #3 43700. This indicates a prospect for upward momentum in the near future.
Observing these price-action developments closely is crucial, as they could allow investors/traders to profit from the market. Understanding these price fluctuations and knowing when to act can be extremely beneficial in maximizing returns.
Bullish Flag Pattern breakout in DRREDDYDR REDDY LABS LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 7100+.
✅Can Go Long in this stock by placing a stop loss below 5060-.
RUNE SCALP SHORT, STILL BULISH FOR LONGin the analysis below I have shown two scenarios that I see (the link will be in the description) rejection from 2.2 or continuation of filling all levels up to 3.35.
Since the second scenario happened, I expect a slight cooling to at least 2.7, and if it is risky to short the upward trend, Daily divergence on RSI is displayed and at 4H it is already taking place.
I remain bullish on this coin, but I will certainly try to hedge position
IDFC Ltd - Value pick available at very attractive valuationIDFC Ltd - CMP-117.05, Target-200, SL-75
Infrastructure Financing, Market Cap 18,735+ Cr
Available at very attractive valuation
PE 4.52, PB 1.55, Dividend Yield 10.25
FIIs holdings 20.03%, DII 32.10%
Brightcom Group, Debt free available at very attractive ValueBrightcom Group Ltd - Levels on the chart CMP-16.80 Target-32,50 SL-12
Sector IT, Digital Eco-system , IoT - Market Cap 3390+ Cr
Available at very attractive valuation - Debt Free company
PE 2.4, PB 0.46, Book value/share 36.28
FIIs Holding - 9.5%, Mutual funds increasing holdings
Clients - leading blue chip advertisers
S&P 500 Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27, 2023. However, it's worth noting that the market can be quite reactive, and sudden fluctuations in either direction may occur. As such, traders should remain vigilant and have a sound strategy in place to deal with unexpected market movements.
EUR/USD Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The Eurodollar has undergone a notable downtrend movement from our Key Resistance level of 1.075, a significant level of resistance that the currency has been unable to break through. As a result, it is now expected to gradually move towards the Mean Support level of 1.061, which is strategic support for the currency. Furthermore, the Eurodollar may extend its bearish momentum and reach the Mean Support level of 1.056, which is a firm level of support.
However, it is worth noting that the currency could rebound toward uncompleted Inner Currency Rally 1.077 and Key Res 1.075, a level of resistance that the Eurodollar tested in this week's trading session. If the currency breaks through these two levels, it could complete the current Inner Currency Rally 1.077 and continue its upward trend.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 10, 2023Technical Analysis and Outlook:
The latest update on Cryptocurrency indicates that it has completed the Inner Coin Rally 37800 and is currently in the correction phase. The correction is expected to take it down to the intermediate target of Mean Sup 35600, but there is also a possibility of the correction extending further to Mean Sup 33900. On the upside, there are two crucial levels that investors/traders should keep a close eye on. These are the Outer Coin Rally 39200 and the Outer Coin Rally 41200. These levels are significant as they can influence the future trend of Cryptocurrency.
📈 AEGISCHEM: A Promising Investment OpportunityHello, traders!
Today, we're focusing on NSE:AEGISCHEM . Here's what's happening:
📈 Steady Upside Movement: AEGISCHEM is on a consistent upward trajectory, forming higher highs and showing signs of strength.
🔝 Breaking Previous Highs: It recently broke its previous high, which is a significant development.
🔍 Retest Opportunity: Currently, it's retracing and coming down to retest the support from the parallel channel, and I've marked a potential long position on the chart for your reference.
🚫 Not Guaranteed: However, keep in mind that trading is about high-probability entries, not guarantees. While this opportunity has great potential, always perform your due diligence.
🕰️ Investment Perspective: This isn't just a short-term trading play; it's an opportunity with investment potential. Take a closer look and consider your investment strategy.
📌 Important Note: This isn't a definitive investment recommendation. Make informed decisions and manage your risk appropriately.
🤔 Your Strategy: What's your take on AEGISCHEM? Are you considering it for your investment portfolio? Share your insights with us!
🚀 Stay Informed: Keep following for more trading and investment insights.
Best regards,
Alpha Trading Station 🌟
APR vs. APY | Explained. Simply.In the realm of decentralized finance (DeFi) and crypto investments, two terms frequently encountered are APY (Annual Percentage Yield) and APR (Annual Percentage Rate). While they sound similar, their distinctions are vital, often determining the returns on your digital assets.
APR vs. APY: Unraveling the Complexity
Annual Percentage Rate (APR) represents the straightforward interest rate that a lender earns or a borrower pays over one year. For instance, if you invest $10,000 with a 20% APR, your total after a year becomes $12,000. This simplistic calculation doesn’t consider compounding.
In contrast, Annual Percentage Yield (APY) involves the magic of compound interest. Compound interest means earning interest on the interest accrued. If the interest compounds monthly on your $10,000 investment at a 20% APR, after a year, you’d have approximately $12,194 . Daily compounding would yield even more at $12,213. Compounding frequency significantly impacts your earnings, with daily compounding being the most lucrative.
Crucial Comparisons and Calculations
When comparing financial products, whether in traditional finance or DeFi, understanding compounding frequency is paramount. Converting APR to APY is the key. A 20% APR with monthly compounding equals 21.94% in APY. Daily compounding raises it to 22.13% APY. APY factors in the compound interest, offering a more accurate depiction of your annualized returns.
However, in the crypto space, things get even more intricate. APY might reflect rewards in cryptocurrency, not actual or predicted fiat returns. This distinction is vital due to crypto's volatility. Even if you earn APY in crypto assets, your investment’s fiat value might fluctuate, emphasizing the necessity of understanding the risks involved fully.
Closing Thoughts: Navigating the Crypto Investment Landscape
APR and APY serve as vital tools in understanding the potential returns on your investments. Remember, APY, incorporating compound interest, is the metric that truly reflects your earnings, especially in the dynamic world of cryptocurrencies. When comparing crypto products, ensure you're evaluating them on the same compounding basis and always consider the implications of crypto market volatility on your investments.
Knowledge empowers wise decisions. By grasping the nuances of APY and APR, you're better equipped to navigate the crypto investment landscape, making informed choices that align with your financial goals.