2023 March
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BITCOIN is about to explode as GOLD/DXY is leading the rally!
- March 13, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsThis is Bitcoin (BTCUSD) on the 1W time-frame against the Gold/DXY ratio. As you see, since 2016 the Gold/DXY ratio has been a leading indicator to BTC’s trend on the long-term, filtering out what’s needed. In the last two Cycles, the ratio bottomed out first before BTC, broke above its Bear Cycle Support and posted
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EURUSD hit the first (1.0680) Target. How to trade it next.
- March 10, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair reached the first target of our long-term trading plan within this multi-month Channel Up: Going back to the 4H time-frame in order to formulate some short-term planning, we see the price now testing Resistance 1 (1.06990) that has already multiple rejections since February 20. The 4H MA200 (orange trend-line) is right ahead
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S&P500 is a perfect buy here long-term in this Cup pattern.
- March 10, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 is on a medium-term correction following the February 02 rejection just below the 1W MA100 (red trend-line). The long-term pattern is a Cup formation and the price is approaching its buy Zone. Right now though it sits on the Higher Lows trend-line that has formed the medium-term Channel Up and is an ideal
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BITCOIN Huge Inverse H&S bottoms and targets $41300!
- March 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) hit its 1D MA200 (orange trend-line) for the first time since January 13, which was half-way through the first rally of the new Bull Cycle. The long-term pattern since the November 21 2022 bottom can be seen as a big Inverse Head and Shoulders (IH&S) that has started to form the Right Shoulder.
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DXY Excellent sell level, rejection confirmed.
- March 9, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The U.S. Dollar Index got rejected on its January 06 High Resistance and even though it is on a short-term Channel Up, the Resistance rejection as well as mostly the September 29 Lower Highs trend-line, will soon start to weigh sell pressure on the price action. With the 1D RSI printing a Head and Shoulders
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WTI OIL Sell opportunity halfway through the bearish wave.
- March 9, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) is on a short-term bearish wave after getting rejected on the Lower Highs trend-line of January 23. As the 4H MA50 (blue trend-line) is about to form a Golden Cross with the 4H MA200 (orange trend-line), we are opening a new short-term sell targeting 74.50, right above the Higher Lows trend-line. As
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BITCOIN Can this wick keep the 2019 fractal alive?
- March 9, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) is not having the best 3 week stretch as it broke below its 2 month Channel Up. The April 2019 fractal, that has drawn widespread comparisons with the current price action recently, broke its Channel Up on a 1D candle wick, hit the Support made off the 1st Low and rebounded. Once the
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BITCOIN Hidden Inverse Head & Shoulders pattern points to $165k!
- March 8, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
As Bitcoin (BTCUSD) is battling to break its 1W MA50 and extend the rally of the new Bull Cycle, as all previous Cycles did, we looked at the 1W time-frame from a different angle and present to you an outlook that may have gone overlooked. As you see, every BTC Cycle Bottom can be viewed
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EURUSD looking for two support levels
- March 7, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD has suffered a strong blow to the recovery it staged last week following Powell’s testimony on a potentially higher pace of interest rate hikes. This analysis is an update to our February 24 thesis, which successfully caught the first rebound: We now added the Fibonacci Channel levels and see that the price is
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BITCOIN A Fibonacci Circles Roadmap you’ve never seen before!
- March 7, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a unique representation of the Bitcoin (BTCUSD) Cycles using the Fibonacci Circles, a tool than certainly prints a very interesting Roadmap relative to the previous historic Cycles. The chart focuses on the last two Cycles but for a more complete projection we also incorporate 2015 – 2017. Each Cycle’s epicenter is located on