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BTCUSDT ( Bitcoin ) Coin Analysis 29/09/2021Fundamental analysis: it is very obvious that the asset is at distribution phase on its bearish trend, though many countries are accepting it as a legal tender but there are many more reasons that the coin is on its way to the lower levels of its past appreciation and we can have one more glimpse of this asset on its very undervalued levels before the reaccumulation phase starts. soon we can hear more negative news which may mislead us that it is falling due to some silly reasons but it is nothing than the simple supply and demand and outdate of the technology. from other side we can see bitcoin is loosing its Dominance and it can be interpreted as the fund diversification to the AltCoins. we shall observe some diversion and correlation coefficient change of BTC and other altcoins specially DEFI segment and other powerful blockchains. but we believe Bitcoin will survive this bearish trend also and live to see the higher levels such as 85000$ or even 107000$ Technical Analysis: the Asset seems to be not able to break the 23.6 FIB Retracement which is followed by an engulfing candle pattern and it can be a good sign of retracement reversal towards the lower levels such as 78.6% (17000USD) of the main bullish wave with top of 64850 USD. with Bearish Bias we can have the C leg of the ABC chart pattern which is the correction of the main Elliot wave count. we count 17000$ and lower to be the best undervalued prices to Purchase and accumulate the Asset. there exist a very powerful resistance area from 55000$ to 58000$ as this zone has confluences with Main distribution and bearish 78.6% Fib Retracement of the bearish wave. there exist a very very strong support area between 9000$ to 15000$
by BitonGroup
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(IRFC) NSE STOCK ANALYSIS 17/03/2022This is an update of our past analysis which is linekd bellow. Technical analysis: There exist a double bottom candle pattern formation on the daily chart which is the sign of trend reversal and bullish trend start Fundamental analysis: The stock seems to be undervalued as it is very close to its pegged values. It is a semi-government company which means, if the price falles bellow the pegged price then there are chances of merger arbitrage and liquidation of the entire company. Such an event is very very rare as this company is responsible for the Indian railway financial contacts and beaurocraces and at the event of its liquidation government may step in and prevent its happening so it seems to be a very safe buy for us. We should keep in mind that this script may move slowly and the value appreciation may take some longer time as compared to other low liquid and higher volatile stocks. There are total of 3 Targets as previously defined Market may follow to the targets with some trend corrections.
NSE:IRFCLong
by BitonGroup
GOLD (XAUUSD) Commodity Analysis 09/09/2021Fundamental Analysis: The reason why you might find fundamental analysis interesting is that it offers help in determining the long-term trend. In other words, it suggests whether the price of an asset will go up or down in the long term. Because of that, fundamental analysis is crucial when you are deciding what to do with your long-term capital. Please note that fundamental factors (fundamentals), as a whole, do not change from one day to the next (at least not in a visible way). Instead, they tend to evolve gradually and their indications change by degrees. So, if you invest in gold, it is unlikely that the fundamental outlook will change in a day or a week. Such a shift would more likely take months or - more likely - years to materialize. Fundamentals may change rapidly only when unexpected events of great importance take place. For example, if the U.S. defaulted on its debts, the fundamentals of gold would change almost instantaneously (in this case they would support substantial appreciation of the metal). On Average, about 2,500 metric tons of gold get produced each year, compared to an estimated 165,000 metric tons of the entire world’s gold supply. Global mine production of gold steadily rose after the 2008 economic crisis. The production of gold was increased, from 2280 metric tons to 3000 metric tons, the U.S. production value of gold has also increased along with the gold production. China is currently leading global gold mining production at 490 metric tons in 2015, while Australia is second, producing about 300 metric tons the same year. There are different processes of mining of Gold which include placer mining, panning, sluicing, and dredging. Panning is a manual technique that uses a shallow pan filled with sand and gravel, that may also contain gold, to sort through the material. Even though new production might seem modest compared to the total supply, production costs can influence the price of all gold in the world. When production costs rise, miners sell gold for more money to preserve their profits, and those higher costs also get reflected when it comes time to sell coins if they were mined, from gold mined yesterday or thousands of years ago. The outlook created by the fundamental analysis of the gold market remains strong with the growing uncertainty in the world economy and rapidly expanding money supply. As governments try to cope with financial turbulence, they print more and more fiat money (money that is not backed with material assets). This fuels inflation that eats away government bonds yields. If the yields themselves are lower than the inflation, then you actually lose purchasing power by holding these bonds. In such a situation, investors switch to assets they believe will allow them to preserve their wealth. Gold is precisely one of such assets. With the demand for gold growing both thanks to the demand for jewelry and thanks to the free exchange of information over the Internet, there is no technical possibility to satisfy the demand with both the existing and the anticipated gold supply. All of this suggests that gold is on its way up for the long term. Technical Analysis: as we can see the commodity is in a retracement phase after making an ATH of 2080$ Mark, now we can have some responsible short position and target them the 61.8% of the bullish waves retracement area and then have our main Long Positions Opened followed by some Scale IN and OUT Strategy from 50% to 61.8% of the same wave and target them the Specified TP levels accordingly.
OANDA:XAUUSD
by BitonGroup