2023
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S&P500 Cyclical buy signal starting next month
- April 21, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
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This analysis is basically an extension of the study we published last week, explaining how the index is starting an aggressive expansion: Based purely on the 3W time-frame, now we have incorporated the Sine Waves to clearly display the cyclical buy/ sell pattern inside the long-term Channel Up that started at the bottom of the
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BITCOIN The next leg up can reach $40000
- April 19, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) continues to follow the pattern of February – June 2019. The consolidation on the Higher Lows 1 has now been succeeded by a consolidation on Higher Lows 2. On June 10 2019 that started the final rally, roughly symmetrical to the one that took the price from Higher Lows 1 to Higher Lows
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CTSIUSD targeting 0.5500 in two possible scenarios
- April 19, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Cartesi (CTSIUSD) emphatically broke above the 0.382 Fibonacci and is headed for the 0.5 Fibonacci (0.4000). With the 1D RSI massively overbought having almost hit 90.00 three days ago, it is possible to see a pull-back to the 0.236 Fib similar to September 2021. As long the 0.382 Fib holds, we may target the 0.618
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WTI OIL Broke below the 4H MA50. Sell confirmed.
- April 18, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI OIL (USOIL) broke yesterday below its 4H MA50 (blue trend-line) and today upon re-testing it as a Resistance, it is currently being rejected. This is a major sell signal as since December 2022 inside the Resistance Zone, every such break-out was a confirmed sell. All prior 5 cases hit the Support Zone shortly after.
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XAUUSD Short-term pull-backs mean nothing
- April 17, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
This is Gold (XAUUSD) on the 1M (monthly) chart where the long-term direction is best seen. Apart from the fast that it has been rebounding on the 1M MA50 (blue trend-line) since October, we can see that it has been trading within a Pitchfork, treating each trend-line as Resistance/ Support. At the same time, it
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BITCOIN Don’t sleep on this Megaphone
- April 17, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Megaphone pattern you see on this 1W chart certainly doesn’t get enough attention as other, most cyclical and systemic patterns prevail. Bitcoin (BTCUSD) however has formed a similar structure during the previous Bull Cycle, right after the first rally top. The moment that pattern broke to the upside (Fibonacci 1.0), the price spent as
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S&P500 starting an expansion the likes of which we’ve never seen
- April 14, 2023
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) is trading on a multi-year Channel Up pattern that started on the March 2009 bottom of the Housing (subprime mortgage) Crisis. With all the talk lately on whether or not the index is out of its Bear Phase, this chart can offer great insight on the long-term trend. As you see,
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WTI OIL on a triple Resistance test! Get ready for a big move
- April 13, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) has gone a long way since our buy call a month ago, that not only did it hit its target but smashed through the Jan Lower Highs and the 1D MA100: The critical development of the week is that it hit the 1D MA200 (orange trend-line) for the first time since August
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XAGUSD First major sell signal in 3 months!
- April 12, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn’t
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AGIXUSD 1.000 possible mid Summer
- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
SingularityNET (AGIXUSD) is trading below its 1D MA50 (blue trend-line) turning sideways within a Triangle pattern since the February 08 High, which was rejected exactly on the All Time High (ATH) of September 05 2021. This price action is similar in terms of RSI with March – July 2022. Based on that we expect an