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Moon

23 Aug ’23 Post Mortem on Nifty - India Lands on Moon 🌒🌓🌕Nifty also closed in the green today but did not have as much momentum as BankNifty today. The first divergence happened in the opening 1 hr where Nifty gave up 0.43% ~ 83pts even after having a gap-up opening. The real reasons for a gap-up opening was not clear as the Global hand-out was not that positive. Traders including me were looking for breakdown possibilities as the 5mts candles at 09.15, 09.25 and 09.50 had so much force. Since Banknifty started reversing the trend and was showing a breakout possibility, I did not adventure getting into shorts on Nifty50. Once the momentum was set by the breakout on BN, Nifty also caught up to it. There were still many sectors in red - Auto, Commodities, Consumption, Energy, FMCG, Pharma & Metal. This indicated that the rally in Nifty will not be as powerful as BankNifty. The reason I drew 2 bearish trend lines yesterday makes more sense today. If we go by the orange line - it means we already had a falling wedge breakout. If we go by the blue - we are yet to break it. Tomorrow’s opening minutes will give us the exact answer to that question. Personally I feel we are yet to break out and the blue line is more accurate. To have a real breakout, almost all the sub-sectors also has to be in green. Since Banknifty has already broken out, the probability has shifted into a similar trade direction for Nifty as well. I wish to change my stance from neutral to bullish for tomorrow. If the breakout fails or we hit the 19310 level tomorrow, I might have to fall back.
NSE:NIFTYLong
by viswaram
BSV/BTC. Will this skyrocket aka MOON?I've been waiting for this a long time. I bought in earlier. I purchase this pair on TDXP.app It's really something. As soon as BTC crashes, and all the alts pump as in 2017. I think the crypto market will consider BSV as an altcoin for now until BSV over takes BTC. But for now there is money to be made on this pair to buy this low. Go easy on leverage. This is not financial advice, this is an idea I am continuing with. It's so low, how much lower can it go. Maybe a double bottom? I'm already in, if it double bottoms then I'll go in some more. Cheers.
BLong
by JacobTrader100
ICON to the moon long term!Icon is the most undervalued coin in crypto right now. Fundamentally everything about this project is set to explode. The staking rewards are amazing roughly 13%. You can stake on binance, iconfi, bithumb, and coinbase is definitely next! Icon 2.0 is due for release soon. The amount of patnerships this company has is amazing. You have a couple defi projects releasing in the next two quaters, Balanced, OMM. There is also The Stakin Lossless Lottery which is focussed on betting the interests from staking instead of the principal. It is a global and borderless initiative making staking ICX a fun and potentially very rewarding experience.You can not look past this project fundamentally. Now! looking at the chart analysis. Icon has been making higher highs and higher lows. I believe we could definitely see a retest 0.8c to $1. But long mid term we will see the $4-$5 mark in the coming month or two. Long long term we will hit all time highs. We will just have to be patient.
HITBTC:ICXUSDLong
by Jake-from-the-trading-Cartel
BTCUSD long term analysis on the weekly time frameBTCUSD has been supported perfectly on the weekly 200MA as I discussed in my previous post in 2019 The 200MA has proved to be a perfect entry on the corona dump. As one can see, the downward sloping trendline resistance has been broken. Also the 10000-10500 area which was proving to be a major resistance zone has been flipped as support which confirms the bull run For buying one can consider taking position on the retest of the weekly 21EMA. The bigger parabolic moves and price discovery are highly likely to be seen in 2021
BITSTAMP:BTCUSDLong
by shaumitagarwal
Bullish Wave Count on TRON [with targets]Here's my bullish wave count on TRON/BTC. Entry: I expect a small pullback at the double top range (1050-1100 satoshis) going into a successful retest. I personally already have a position in TRON. However, I'd suggest an entry at the retest of double top range as there's not much price difference from now and then. Target 1: 1200 satoshis A truncated 5th target (123% length of wave 1 projected from wave 4) Target 2: 1310-1330 satoshis Main target (161.8% is common for a 5th) Previous resistance pivot high Stop loss: Take consideration for a stop loss in your own accord, keeping in mind Bitcoin's trend, which Tron will inevitably follow
Long
by marzil