2023 February
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BITCOIN The potential Resistance in 2023 based on the DXY.
- February 3, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsIn continuation of our recent BTC-DXY cross comparison studies, we will quickly bring you today a trend-line that may have gone overlooked and can pose a real Resistance to Bitcoin (BTCUSD) in 2023. As you see, if we exclude the March 2020 COVID crash period which is a non-technical irregularity, there is an underlying trendline
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META You were warned. This is a V-shaped recovery.
- February 2, 2023
- Posted by: Tradingshot Articles
- Category: Stocks
Meta Platforms (META) stock is surging through the roof following the encouraging Fed outlook on future rate hikes and Zuckerberg’s promises on stock buy-backs, cost cutting and focus on profitability. We warned META was an excellent buy last month after closing two straight green monthly candles as well as back in November when we advised
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MVUSD Broke above the 1D MA200 but one last Resistance remains.
- February 1, 2023
- Posted by: Tradingshot Articles
- Category: Uncategorized
The GensoKishi Metaverse (MVUSD) broke today above its 1D MA200 (orange trend-line) for the first time in history after making a rebound on the 1D MA50 (blue trend-line). We are not getting excited yet as the price remains within the Channel Down pattern that started after the August 23 2022 Low. A break above the
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BITCOIN The Super Cycle Theory based on the USD
- February 1, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is not the first time we look into the Super Cycle Theory, which is the idea that Bitcoin (BTCUSD) may have just finished its 2nd Cycle instead of the traditional notion of the Four Cycles driven by the Halvings. It is however the first time we look into it using the U.S. Dollar Index