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GOLD Medium term consolidation. Make profit both ways.
- October 3, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
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Pattern: Channel Down on 1D. Signal: Bearish as it is approaching the Lower High of the Channel. Target: 1453 (former High). Tradingview link: https://www.tradingview.com/chart/XAUUSD/YlpWlPT4-GOLD-Medium-term-consolidation-Make-profit-both-ways
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ETH DOMINANCE Bullish Divergence
- October 2, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
With Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows. Do you agree with this chart? Tradingview link: https://www.tradingview.com/chart/ETH.D/CuqVVzOI-ETH-DOMINANCE-Bullish-Divergence
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AUDZAR Sell Signal
- October 2, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: 1W Rectangle (9.5820 Support – 10.5700 Resistance). Signal: Bearish as the price completed a cyclical Lower High within the pattern. Target: 9.9000. Tradingview link: https://www.tradingview.com/chart/AUDZAR/K2MenvgT-AUDZAR-Sell-Signal
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BITCOIN A fractal you cannot ignore! Can this show the bottom?
- September 27, 2019
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is just a quick analysis of what this week’s strong rejection can mean for BTC if indeed we are repeating the main fractal of the 2018 bear market. First of all I am not a fan of this formation as we are comparing two periods under largely different parameters. The first was a
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EURUSD Buy Signal
- September 25, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: 1W Channel Down. Signal: Bullish due to A) the Lower Low of the Channel Down and B) almost Triple Bottom as the April – May cohesion. Target: 1.12000 (symmetrical point within the 1D Resistance Zone). Tradingview link: https://www.tradingview.com/chart/EURUSD/tABCNe61-EURUSD-Buy-Signal
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BITCOIN Will the $6000 gap be filled before the Halving?
- September 22, 2019
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
As the new Bull Market progresses, Bitcoin has left few questions unanswered. One of those has to do with its historic tendency to touch the 0.17 Fibonacci retracement level before the Halving during its 2nd accumulation phase. But let’s take this from the beginning. Each BTC cycle is divided into 5 phases: * After each
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BITCOIN Is this consolidation a sign of an upcoming ALT SEASON?
- September 20, 2019
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin has been consolidating since the June 26th annual High. This is not news. What is interesting though is how this price action on BTC can be related to the rest of the market. During the previous Bull Market (2015 – 2017), Bitcoin and the Alts have had clear balance of power shifts. When Bitcoin
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GBPJPY Lower Buy Signal
- September 19, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: 4H Channel Up. Signal: Bullish once a pull back takes place towards the 1D MA50 in the same fashion as Jan/ Feb 2019. Target: 138.000 (expected contact with the 1D MA200). Tradingview link: https://www.tradingview.com/chart/GBPJPY/Lcrq45u0-GBPJPY-Lower-Buy-Signal
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USDPLN Buy Signal
- September 19, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: Head and Shoulders on 1D. Signal: Bullish as the Right Shoulder formation bounced on the 4H Support. Target: 4.9900 (just below the Resistance). Tradingview link: https://www.tradingview.com/chart/USDPLN/g7lUlW28-USDPLN-Buy-Signal
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NOKSEK 09/16/2019
- September 16, 2019
- Posted by: Tradingshot Articles
- Category: Uncategorized
Pattern: Rectangle on 1M. Signal: Bearish as the price was rejected on the 1M Resistance Zone. Target: 1.0455 and 1.0215 in extension. Tradingview link: https://www.tradingview.com/chart/NOKSEK/iKhAzXMV-NOKSEK-09-16-2019