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BITCOIN rhymes perfectly with previous Cycle bottoms. 25k next!
- January 16, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsBitcoin (BTCUSD) on Friday above its 1D MA200 (orange trend-line) for the first time since December 31 2021, which is the level we have rendered all this time as the one that will start the new Bull Cycle. On this analysis on the 1D time-frame, we compare BTC’s current Cycle bottom to those of 2018/19
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BITCOIN is massively undervalued and here is why.
- January 13, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have. Bitcoin’s rise this week may
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BITCOIN Perfect symmetry with 2015 shows recovery is imminent
- January 6, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) has been practically flat since the early November FTX crash, which was a big blow fundamentally for the market. On the 1W time-frame, this is not the first time though we see similar RSI and MACD behavior. On this chart we compare Bitcoin’s price action since the April 2021 High to the Bear
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BNBUSD Strong break-out yesterday but critical 4H MA200 test now
- January 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Binance Coin (BNBUSD) has had a major bullish break-out yesterday as it broke above the Lower Highs trend-line that was in effect since November 05. At the same time it crossed above the 4H MA50 (blue trend-line) but is so far being rejected on the 4H MA200 (orange trend-line). This is a critical test
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BITCOIN The January effect. Bottom’s in?
- January 4, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
January of 2023 finds Bitcoin (BTCUSD) on an interesting place. There is a recurring pattern on every BTC Cycle in relation to the January after a Bear Market. As this 1W chart shows, every time Bitcoin is sitting within the MA350 (green trend-line) and Multiple 2 (blue trend-line), the market has already formed its Bottom
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BITCOIN Happy New Year! 2023 the Year of Recovery?
- January 2, 2023
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
First and foremost on this second trading day of 2023, the TradingShot team would like to wish everyone on this community a Happy New Year, may each and everyone’s goals be achieved! 2022 ended, took a whole of negative fundamentals with it (war, LUNA, FTX) and closed the yearly candle in (deep) red. As you see on
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BITCOIN The complete Cycle mapping. Will you miss out on this?
- December 28, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is Bitcoin (BTCUSD) on the 1W time-frame. The current and past Cycles have been classified into Bull (green Channel) and Bear (red Channel). With an (unorthodox) use of the Pitchfan we identified the key trend-lines that have historically shaped both Bull and Bear Cycles and might continue to do so in the future. The
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BITCOIN has always started a rally when Dow did this.
- December 27, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is the Dow Jones Industrial Average Index (DJI) against Bitcoin (BTCUSD) illustrated by the black trend-line. Every since September and the touch of its 1M MA50 (blue trend-line), Dow has been rallying, having recovered more than 50% of the 2022 losses. With regards to Bitcoin, perhaps the most important development is that Dow
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MATIC on a Head and Shoulders trying to avoid disaster
- December 22, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The Matic Network (MATICUSD) recently established trading below its 1D MA200 (orange trend-line), closing a daily candle below it for the first time since October 20. This alone is far from ideal for buyers but the price remains within the wide 0.690 – 0.770 Support Zone that is holding since July 26. However, we
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BNBUSD Why it is perhaps the best investment you can make now
- December 18, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
The strong pull-back on Binance Coin (BNBUSD) since the November 27 High (which was a Lower High of the Nov 08 FTX crash) seems to have come to an end as the 1D RSI breached below the 30.000 oversold barrier and is rebounding. This is identical in price action to the June low formation