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TOMIUSD Buy the pull-back on full display
- May 12, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsTomiNet (TOMIUSD) is trading within a Channel Up pattern since the start of February and right now has almost done a Double Top on the Higher Highs trend-line. On the previous two occasions this has resulted in a pull-back marginally below the Channel’s middle (dotted trend-line). As long as the 1D MA50 (blue trend-line) is
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BITCOIN A 2020 fractal calls for 25/26k before a strong rally!
- May 11, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) has been trading below the 1D MA50 (blue trend-line) for the 4th straight day, inside this 4 month Channel Up. We have spotted a similar Channel Up pattern from May to October 2020. This started a rally after two conditions were met: the 1D RSI hit 35.00 and the price broke below the
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STXUSD near the bottom of its Rising Wedge.
- May 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Stacks (STXUSD) had a Double Top rejection this week on its 1D MA50 (blue trend-line) and is approaching the bottom of the long-term Rising Wedge pattern. With the presence also of the 0.382 Fibonacci, this is the strongest buy signal since February 15. The 1D MA200 (orange trend-line) is right below it and the 1D
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RIFUSD Trade the Triangle’s break-out
- May 8, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The RSK Infrastructure Framework (RIFUSD) is trading on a Triangle pattern within a long-term Channel Up. The strong Support is the 1D MA100 (green trend-line), holding since mid January. A 1D candle closing above the top of the Triangle would be a bullish signal, targeting the 0.30900 Resistance (November 10 2021 High). Similarly a closing
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BITCOIN next Top can be at least $200k!
- May 8, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) is on a short-term pull-back and much of the crypto community casts doubts again over the recent rally and if this is indeed a new Bull Cycle or a bear market counter trend rally. In times of short-term uncertainty we tend to rely our channel on the long-term time-frames and for BTC in
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NZDJPY Buy opportunity with its invalidation.
- May 5, 2023
- Posted by: Tradingshot Articles
- Category: Forex
The NZDJPY pair has been on a strong rebound ever since the April 26 hit on the 1W MA100 (red trend-line), which has been the major long-term Support. Even though it got rejected on the 85.265 Resistance, as long as the 1D MA50 (blue trend-line) holds, we will be bullish targeting the bottom of the
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BITCOIN When you see this, it will already be TOO LATE!
- May 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is an interesting analysis on the 1W time-frame of Bitcoin (BTCUSD) against the GOLD/SPX ratio(blue trend-line). The conclusion that this comparison offers can be very valuable. As you see, when the GOLD/SPX ratio peaks and starts pulling back, Bitcoin starts the Parabolic Rally of its Bull Cycle. At the moment the GOLD/SPX ratio is
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PEPEUSDT What’s going on with PEPE??
- May 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
PEPEUSDT is testing the top of a Triangle pattern similar to the earlier one on April 19 – 27. The 4H RSI however resembles the April 28 – 20 parabolic rise. If the price closes above the Triangle, we expect a rise to 0.0000038. If not, then pull-back to the bottom of the Triangle at
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XAUUSD hit the August 2020 Resistance! Can it close above it?
- May 4, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
Gold (XAUUSD) hit the 2075 Resistance that was formed on the August 07 2020 market Top and was the level that made a new aggressive rejection on the March 08 2022 High, in the midst of the Russia – Ukraine war. So far it has reacted with a rejection in the early trading sessions. They
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WTI OIL Very strong long-term Buy opportunity.
- May 4, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Oil (USOIL) hit the last remaining targets as pointed out on our April 24 idea: In fact, this completed our long-term 3 target approach as presented on our analysis three weeks ago: That has come after a Double Bottom buy almost 2 months ago (March 16), which falls into our usual long-term swing trading