2023 February
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BITCOIN The Pitchfork approach that reveals the Bull Run!
- February 14, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsWhy don’t we see the Pitchfork tool applied to Bitcoin (BTCUSD)? We show on today’s analysis that this often very overlooked technical tool has been particularly spot on at identifying BTC’s Bull Runs. It is a simple application and we will keep the commentary that way. As you see on this 1W time-frame, we have
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WTI OIL Approaching the best sell entry since December.
- February 13, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) has been rising within the short-term Channel Up as presented on our analysis last week: As previously mentioned, since December 12, WTI hasn’t closed below the 72.40 Support or above the 83.30 Resistance. That keeps the price ranged and recurring patterns emerge. One of those is the current Channel Up which is
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DOW JONES Still ranged. Keep scalping for maximum profits.
- February 13, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
Dow Jones (DJI) followed the exact trading plan that we published last Wednesday as it rebounded on the 4H MA200 (orange trend-line) and today reached the Resistance Zone of 34300 – 34370(August 16 and January 15 Highs respectively). This keeps it neutral as we expected within the rough 33640 – 34180 Scalping Range: The 4H
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BITCOIN Alignment of Cycles is the Ultimate Cheatsheet!
- February 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
We have done similar studies before, aligning past Bitcoin (BTCUSD) Cycles to get a projection of the current one. We have used Halvings, Peaks, Bottoms etc but this is the first time that we don’t just use everything into one mega analysis, but also incorporate the Fibonacci retracement and extension levels that show not only
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HEXUSDT going straight to 0.1000 based on this!
- February 8, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
HEXUSDT is recovering from the extreme volatility of February 04-05, keeping the 1D MA200 (orange trend-line) intact. Despite a largely overbought 1D RSI, the last time we saw such a huge 2 day volatility was during May 27-28 2022. That proved out to be just a pause before a continuation of that bearish leg towards
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BITCOIN 1W MA50 and 1D RSI aligned with previous Bull Cycles!
- February 8, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is the 3rd week in a row that Bitcoin (BTCUSD) comes that close but struggles to break above the 1W MA50 (blue trend-line). Technically speaking that alone is a major Resistance. But if you check at the same time the start of all previous Bull Cycles, you will see that it was the ‘Resistance-to-beat’
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WTI OIL Recurring pattern turning it neutral mid-term?
- February 8, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
Our previous WTI Oil (USOIL) signal couldn’t have gone any better as the bearish reversal was confirmed and we took the sell: Following the rebound however after the (marginal) fake-out just below the 72.40 Support, we see the medium-term scene turning neutral. The reason is that since December 12, so effectively in the past 2
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NASDAQ 1st closing above the 1W MA50 in more than 1 year!
- February 7, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
Nasdaq (NDX) closed last week above the 1W MA50 (blue trend-line) for the first time since the week of January 10 2022, so effectively for more than 1 year. On this analysis we diverge from our usual 4H – 1D time-frame analysis such as the recent one below, and look into the bigger picture on
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BITCOIN 1W Supertrend is bullish and not looking back!
- February 7, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
We have used the Supertrend indicator on Bitcoin (BTCUSD) extensively, especially on lower time-frames with great accuracy. This time we take a look on the 1W chart where the Supertrend has been green since the second trading week of January. Throughout BTC’s history every time the Supertrend turned green after such an RSI rebound, the
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ETHEREUM Why does nobody talk about its Golden Cross??
- February 6, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Ethereum (ETHUSD) is indeed in the process of forming a Golden Cross on the 1D time-frame and it has been overlooked. It sure shouldn’t as apart from that, the price has broken above its short-term Triangle pattern just as it broke above its longer-term one on January 11, while its RSI broke above its Lower