2021 September
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BITCOIN -20% correction in a day! Is the bleeding over?
- September 7, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsOn my last Bitcoin analysis I underlined the importance that Fibonacci retracement levels along with the 1D MA50 (blue trend-line) will play on this recovery attempt. Today is a correction day for BTC with the price losing almost -20% intra day so far. The drop has been contained exactly on the 0.5 Fibonacci retracement
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WTI OIL analysis on the 1D and 4H time-frames
- September 7, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Last time I analyzed WTI Oil on August 24, I made it clear that it was trading within a long-term Triangle and until it broke, its price action would be sideways: I stressed out the importance of the 1D MA50 (blue trend-line) and the Lower Highs trend-line of that Triangle. Well as you see
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S&P broke the 4H MA50. Starting the correction.
- September 7, 2021
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: Channel Up on 4H. Signal: Sell as the price broke below the 4H MA50 (blue trend-line) for the first time since August 20. Also the price action and the MACD is similar to the July 15 consolidation which also led to a pull-back below the 4H MA50. Target: The 1D MA50 (yellow trend-line),
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XAUUSD broke above the 1W MA50 for the 1st time since June!
- September 3, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
My most recent Gold signal was on the short-term time-frame of 4H: This time we have a significant technical development on long-term and I’ve moved us to the 1W time-frame where XAUUSD just broke above the 1W MA50 (blue trend-line) for the first time since the June 14 weekly candle. Closing the week above
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