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BITCOIN: USD rejected on 2008 Resistance. Turning point for BTC?
- October 15, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsFollowing the CPI release this week, the 3rd straight month of decreasing numbers with potentially high implications on the USD, I thought it would be relevant to look at the U.S. Dollar Index (DXY) and how it’s current state can affect Bitcoin (BTCUSD) relative to key turning points and correlations of the past. **
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TRXUSDT Emphatic break above 1D MA50 but heavy Resistances ahead TRON/Tether (OKX:TRXUSDT) 0.07030 0.00090 1.30%
- October 10, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on Tron we are using the TRXUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TRX broke today aggressively above its 1D MA50 (blue trend-line) which has been the medium-term Resistance since August 19 2022 and is headed towards the 1D MA200 (orange trend-line). This is currently
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MKRUSDT Rejected on the 1D MA200. Bearish unless this breaks.
- October 10, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on Maker we are using the MKRUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where MKR is shown trading on its long-term bearish pattern which is a Channel Down (1) since August 23 2021 High. There is also a diverging Channel Down (2) that started
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OKBUSDT Death Cross can be bullish? The full picture.
- October 7, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The OKB token (OKBUSDT) is the Global Utility Token that was launched by the OK Blockchain Foundation and OKX exchange in 2017, to serve as a bridge to connect OKX and its users. On this post, we will analyze how current pattern may be bullish short-term against popular belief and how it may play
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BITCOIN The S&P tests MA200. Crucial week ahead for BTC.
- September 25, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Simple 1W chart. Every time the S&P500 index (SPX) hit and broke above or (nearly) bounced on its 1W MA200 (orange trend-line), Bitcoin has formed a bottom and started along with the S&P rally phases. This week the S&P500 will have an opportunity for such a test. Will it find Support and cause Bitcoin
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BITCOIN Do we have a clear recovery pattern based on pastCycles?
- September 21, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Just as we are waiting for today’s Fed Rate Decision, Bitcoin (BTCUSD) remains low, in fact it is the closest it has been to June’s Low with the 1W MA300 (bold red trend-line) approaching from below. Is this the last selling before a bottom is formed. One way to look at it is by
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XCNUSDT Falling Wedge about to break. How to trade it.
- September 21, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on Chain we are using the XCNUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where XCN has been trading within a Falling Wedge pattern since the August 04 Low. As you see the pattern has reached a level where it is
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BITCOIN 1W Chaikin and Stoch show we are entering the new Bull
- September 17, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a Bitcoin (BTCUSD) analysis on the 1W time-frame using the Chaikin Oscillator and the Stochastic. It is not common to see those two indicators, especially on such an asset, but despite being overlooked, they offer an excellent explanation of where the price is trading relative to its previous Cycles. ** The Chaikin
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XRPUSD Triangle about to break. How to trade the pattern.
- September 16, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low. Naturally, as long as the price
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RVNUSD Strong success on our call. Make or break time!
- September 14, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Ravencoin (RVNUSD) is having an impressive first half into September as it held the 1D MA100 (green trend-line) as Support and rose aggressively above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) to hit the Red Trend-line and the top (Lower Highs) trend-line of the long-term Channel Down pattern,