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AGIXUSD 1.000 possible mid Summer
- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsSingularityNET (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
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BITCOIN, NASDAQ, DXY all on Huge Pivot Zones! Tick tack..
- April 10, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
With the high degree of correlation among financial assets, it is not a coincidence that Bitcoin (BTCUUSD), Nasdaq (NDX) and the U.S. Dollar Index (DXY) all are on Huge Pivot Zone, the behavior of which is more likely going to determine the trend for the next several months. Bitcoin’s Pivot Zone has been in effect
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BITCOIN Is 300k the true potential of this Cycle?
- April 8, 2023
- Posted by: TradingShot
- Category: Cryptocurrency
Bitcoin (BTCUSD) isn’t backing down, withstanding to perfection so far any noise in the stock market, a development that establishes that its new Bull Cycle is well underway. Having broken above the 1W MA50 (blue trend-line) and what will most likely be the 4th straight weekly closing above it, we can see that it is
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BITCOIN About to wave goodbye to 30k for good if broken?
- April 5, 2023
- Posted by: Tradingshot Analysis
- Category: Cryptocurrency
Bitcoin (BTCUSD) is ahead of a critical breakthrough on the 1W time-frame. The former Support of the first half of the Bear Cycle is around 30k and is currently being tested. History has shown that when this level gets tested as a Resistance and breaks during the start of a new Bull Cycle, it never
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BITCOIN Cycle comparison and how China bonds initiate new Bull!
- March 24, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is not the first time we incorporate the Chinese bond yields element (CN02Y/CN20Y) to Bitcoin (BTCUSD) analysis, but it is the first time we do so in such an illustrative way by displaying all Cycles from a common starting point. We have made a case in the past how strong of a correlation the
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BITCOIN $50000 is a realistic target by November!
- March 22, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) satisfied those that kept comparing the 2022/23 Cycle to the 2014/15 one as after the a clear rejection on the 1W MA50 (blue trend-line), it rebounded on the Cyclical Lower Highs trend-line and since last week it closed above it as well as the 0.382 Fibonacci retracement level. This symmetry is remarkable and
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RNDRUSD Buy the break-out or the next pull-back
- March 22, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Render Token (RNDRUSD) it currently testing the 1D MA50 (blue trend-line). If the 1D candle closes above it, then buy the break-out. If not, a rejection as in mid December is more likely, so buy the pull-back on this Pitchfork Support. Target in both cases 3.0000. Tradingview link: https://www.tradingview.com/chart/RNDRUSD/NdhTu1PX-RNDRUSD-Buy-the-break-out-or-the-next-pull-back
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GOLD’s and BITCOIN’s correlation. BTC about to drop?
- March 21, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a chart displaying Gold’s (XAUUSD) correlation with Bitcoin (BTCUSD) on the short/ medium-term. As you see the two have been tightly correlated since late last year. When Gold started dropping aggressively after the February 02 High, Bitcoin followed shortly, though with not such an aggressive note. With Gold declining rapidly today, is this
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BITCOIN The party has started and has another 33 months left!
- March 17, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) gives us a very clear picture with regards to its long-term Cycles on the 1M (monthly) time-frame. As you see, once the 1M RSI hit the bottom (Lower Lows trend-line) of its 10 year Channel Down, BTC bottomed and the new Bull Cycle started. This Bull Cycle should last for approximately 35 months
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BITCOIN The S&P/GOLD ratio is leading the way!
- March 16, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is a unique study showing the correlation of Bitcoin (BTCUSD) with the S&P500/Gold ratio (SPX/XAUUSD) displayed by the orange trend-line. On this 1W time-frame, Bitcoin has broken above the 1W MA50 (blue trend-line) and will attempt to make the first closing above it, in order to confirm the new Bull Cycle beyond any doubt.