2020 September
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BITCOIN bounced on the 2 year bearish trend-line! Rally ahead?
- September 14, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsIn my opinion Bitcoin is on important cross-roads. As you see on the current 1D chart, the price just made a technical touch (and is currently rebounding) on the 2+ year bearish trend-line (seen in blue) that has been holding since the end of the previous Bull Cycle (December 2017 All Time High) and
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BITCOIN bringing rally memories to ETHEREUM??
- September 13, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is an interesting find I came across while comparing ETH’s current cycle on the 1W chart to BTC’s previous (2014 – 2017) Cycle. As you see Ethereum, not only follows Bitcoin’s Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to
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S&P We may be starting a new 10 year Bull Cycle!
- September 13, 2020
- Posted by: Tradingshot Articles
- Category: Uncategorized
S&P’s weakness in recent weeks has got many thinking that the rally since the March correction is over and that maybe a new round of selling is ahead of us. On such occasions I have found it extremely useful to consult very long-term time-frames (such as the 1M in this instance) and look how
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BITCOIN How many 1D candle closings above $10000 can we take?
- September 10, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
You should have noticed by now that since the September 03 drop, Bitcoin has been consolidating around the $10000 mark. But what may be of particular importance, is the fact that this consolidation never closes a daily candle below that (10000) level. Can this be a coincidence and if not what does it tell
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BITCOIN The most critical days of the year CAUTION !!!
- September 4, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The title may sound a bit dramatic but it is true. Bitcoin is on critical crossroads as it maintains trading within the long-term Channel Up formations but any break lower endangers the effort made after the COVID flash crash. ** Two Channels ** As you see on the chart, there are two main patterns
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Is Gold about to outperform Silver again for years?
- September 3, 2020
- Posted by: Tradingshot Articles
- Category: Commodities
Another simple study of mine looking at the pressure point of the Gold/ Silver ratio. As you see since 1980s, every time GC/SI reaches the 0.5 Fibonacci retracement level, whether it is on a mini wave or hyper wave, the price rebounds strongly and for many years. If the current wave is mini or
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BITCOIN Channel Up and Head and Shoulders = combo for a rally?
- September 2, 2020
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Fractal B is replicating the waves of Fractal A almost religiously. What’s interesting, is that the price action since August 03 has formed a Head and Shoulders pattern and this has given me the following idea. I looked more into the price action since the March recovery and discovered that (roughly) similar Head and
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