2023 January
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META Closed 2 straight green months, the first time since 2021!
- January 10, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
No CommentsMeta Platforms (META) is on a strong January monthly candle (chart on the right) having closed in December two straight green months for the first time since August 2021, which was its All Time High. This alone is a huge bullish development, which along with the 1M RSI being on an Inverse Head and Shoulders
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WTI OIL 4H Death Cross. Trade the break-outs.
- January 10, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) formed yesterday a Death Cross on the 4H time-frame, the first such (bearish) formation in almost 2 months (since November 17 2022). The price got rejected exactly on both the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line) following last week’s rejection (January 03) on the 1D MA50 (yellow trend-line). We
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XAUUSD 1D RSI Bearish Divergence before the Golden Cross.
- January 6, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAUUSD) is about to form a Golden Cross on the 1D time-frame (around next week), which is the bullish pattern when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). The price has been trading within a Channel Up pattern, while at the same time the 1D RSI has been within
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BITCOIN Perfect symmetry with 2015 shows recovery is imminent
- January 6, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) has been practically flat since the early November FTX crash, which was a big blow fundamentally for the market. On the 1W time-frame, this is not the first time though we see similar RSI and MACD behavior. On this chart we compare Bitcoin’s price action since the April 2021 High to the Bear
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BNBUSD Strong break-out yesterday but critical 4H MA200 test now
- January 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Binance Coin (BNBUSD) has had a major bullish break-out yesterday as it broke above the Lower Highs trend-line that was in effect since November 05. At the same time it crossed above the 4H MA50 (blue trend-line) but is so far being rejected on the 4H MA200 (orange trend-line). This is a critical test
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BITCOIN The January effect. Bottom’s in?
- January 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
January of 2023 finds Bitcoin (BTCUSD) on an interesting place. There is a recurring pattern on every BTC Cycle in relation to the January after a Bear Market. As this 1W chart shows, every time Bitcoin is sitting within the MA350 (green trend-line) and Multiple 2 (blue trend-line), the market has already formed its Bottom
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BITCOIN Happy New Year! 2023 the Year of Recovery?
- January 2, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone’s goals be achieved! 2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on