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Bitcoin, Litecoin

Bitcoin & Litecoin Trading Report – April 2020

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Hello and Welcome to Jupiter Futures! We have been actively involved with Cryptocurrency since year 2015. We had a bullish view on Bitcoin when it was just USD $520 per BTC. However, it was very difficult to trade Bitcoins back then, but the scenario is much different now in year 2020. Millions of people in the US have accounts with Coinbase and Kraken – two of the leading Cryptocurrency exchanges.

Bitcoin is the leader and star performer among Cryptocurrencies. Over the last 3 years, many large investors have taken long-term positions in Bitcoin, which has made Bitcoin a much stronger asset. In addition, the Quantitative Easing by US Federal Reserve Bank in year 2020 is bullish for Bitcoin over the next 3-4 years.

Bitcoin has high inherent volatility, despite fundamental strength, which makes it perfect for trading. You could make 40-50% return per year by trading Bitcoin, with just 4-5 trades per year. But it requires a careful study, a good trading strategy, and a clear view of Bitcoin’s long term chart.

We are confident that the best of Bitcoin is yet to come, and you can make attractive gains with Bitcoin in the next 3-4 years, both from trading and investing. Therefore, we have prepared this report to help a wide range of Investors and Traders.

The report also covers Litecoin, which is excellent for trading and it can deliver 50-100% return per annum with trading, though we will suggest only Bitcoin for investing purpose.

Jupiter Futures is pleased to publish the latest Bitcoin & Litecoin Trading Report with Price Targets till Dec 2020, and also long range targets for 2022.

As you are aware, the financial markets have been going through high volatility since Feb 2020 because of the panic and fear from coronavirus.

Bitcoin and Litecoin have also corrected sharply for the same reasons.

Bitcoin (BTC) and Litecoin (LTC) have established themselves as the top two favorite Cryptocurrencies for a wide range of investors and traders, and these two coins present some of the best investing and trading opportunities in various timeframes.

Litecoin and Bitcoin charts started on a similar structure, but they have become different now, and their trading strategy is not the same. Of course, Bitcoin is the market leader, and any major rally in cryptocurrencies is possible only with a rally in Bitcoin.

Contents of the Report:

  • Bitcoin – Fundamental Analysis
  • Bitcoin – Technical Analysis
  • Litecoin – Fundamental Analysis
  • Litecoin – Technical Analysis
  • Summary of Key Levels

The Report gives price targets for Dec 2020, and also Dec 2022. The Report also describes the levels below which breakdown can happen, and you have to be cautious about those levels, and plan your trades and investments as suggested in the report.

 

The report will be useful to a wide range of Cryptocurrency investors and traders to create profitable trading strategy for the year 2020, using the buying levels and profit-taking levels for both Bitcoin (BTC) and Litecoin (LTC).

We have been tracking Cryptocurrencies since 2015, and with each passing month, the Cryptocurrencies are getting more mature in the financial markets, which is a very positive sign for their future.

Over the last two years, we have consulted various investors on their cryptocurrency plans and positions, and this report aims to help a wider range of investors and traders.

During uncertain times, we must stick with quality, and Bitcoin is the topmost quality cryptocurrency. If you go by the examples of Amazon and Google over last 10-20 years, the long term gains are likely to be the best with Bitcoin. So it makes sense to focus on Bitcoin as the core pillar of your cryptocurrency investments.

We believe this report will be useful and valuable for any Investor or Trader dealing with Cryptocurrencies.

Please contact us to get a copy of this report.. Thanks!

Nifty50

Nifty Futures Analysis- 12Mar2020

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Nifty futures are facing unprecedented speed of correction, in the face of relentless selling and lack of buying. Nifty futures have fallen from 12,150 to 9,050 (= 3100 points) in just 13 trading sessions, at the rate of 230 points per session!! This is the fastest 25% correction in the history of Indian market, and also global equity markets.

Such a sharp correction driven by fear and panic, has always given a V shape reversal rally once the fear factor goes away. There is surely going to be short term economic impact. Indian economy was somehow trying to come out of slowdown or recession and the recovery maybe be delayed by 2 quarters.

Let’s study the Nifty long term chart to find the support levels.

In the Nifty monthly chart, the long term trend line of support is now at 9000 level.
This is the support line, which has held in all corrections since 2008 till now.
There is a reasonable chance that 9000 will offer support in this correction.
Below 9000, more correction can happen till 8500 — these are untested areas in recent years, and therefore, the short term behavior of Nifty futures is difficult to predict. But these levels are good for investing, buy dangerous for traders because of highly volatility.

So what can we expect from here?
We must be sure about one thing: Indian economy has strong fundamentals. The economic recovery has got delayed by Coronavirus, but we will surely get economic recovery. The banking and GST systems are getting better, and financial credit to small enterprises is slowly improving, and rural economy is doing well because of the good rains in 2019, and crude oil prices are at very low levels. So the next leg of growth in India will be more distributed than ever before. For investors, this sharp 20% correction is a great opportunity to buy frontline Nifty stocks and Nifty index funds or diversified mutual funds.

How much can Nifty recover?
Nifty 200 day moving average is at 11,600 and Nifty may go back up to the test that level after 3 months, once Coronavirus is under control. Our Nifty Futures Trading Strategy is to buy Nifty futures above 10,000 level to benefit from this recovery to 11,600. Nifty futures will be safe above 10,000.