TradingShot

TradingShot

Today Bitcoin is about to complete the 2nd straight green month. Is such feat possible to be in a Bear Cycle? The answer is yes, it is possible but based on this simple chart, not that probable. And the reason is simple. Out of all three past BTC Bear Cycles, we've only had 2 straight bullish monthly (1M) candles once and that was during the 2nd Bear Cycle on the...

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S&P500 has been trading within an almost 1 year long Channel Up ever since the U.S. elections. The pattern has been quite consistent especially in "buy the dip terms" as every hit on the 1D MA50 (blue trend-line) has been an optimal buy level for so long. That has been the strongest aspect of my strategy, last time I shared it was on July 19: Right now the...

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Pattern: Channel Up on 4H. Signal: Buy as the price rebounded near the 4H MA50 (blue trend-line) and even though there is still room within the Channel for one last low, the 4H Golden Cross that was formed may bring higher prices without it. Target: 1829 (just below the 1.236 Fibonacci retracement level and the 1832 - 1834 Resistance Zone). ** Please support...

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WTI Crude Oil posted last week the strongest 1W candle (+10.30%) since May 31 2020 (+11.44%). What can this possibly mean for future prices? Alone nothing. But as you see, last week's bounce came after a 1W RSI touch on the 43.50 Support which has been holding since May 2020 as well. That makes the bullish case stronger but based on the September - October 2020...

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Those who follow me since my start here on TradingView or even way back on Reddit know that I am a big fun fractal comparison. I have been using this approach extensively especially on long-term technical analysis and more often than not, proves to be quite efficient. The fractal comparison I am bringing to you today is again a long-term one on Bitcoin's last 18...

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DAX is ahead of critical crossroads as the long-term Channel Up (blue) that was formed after the November 2020 U.S. elections is on its last leg (d) before the aggressive rally that last time (March-April) led to leg (e). If this pattern is not repeated, then there is a new Channel Up (orange) that may continue this uptrend but in a more controlled, less...

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Pattern: Channel Up on 4H. Signal: Buy as the price made a rebound on the 4H MA50 (blue trend-line). Target: 35900 lower risk (just below the Higher Highs trend-line) or 36500 higher risk (a roughly +5.50% extension top from the MA100 low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...

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Following my most recent analysis on Nasdaq (see chart below), the Channel Up where the index has been trading on for almost 1 year, has traded to perfection: At the moment, the price is trading exactly on the top (Higher Highs trend-line) of the initial Channel Up (blue) and if broken, a new Channel Up (red) may emerge on a marginal divergence. This brings...

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The recent break-out has turned Bitcoin’s sentiment bullish again, at least on the short-term, but what about the long-term? On this analysis I am looking at the long-term price action, particularly since the benchmark of our times, the COVID market crash. In doing so, I have applied the Fibonacci extension levels (log scale on the chart). ** Fibonacci levels...

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Pattern: Channel Up on 1D. Signal: Sell as the price hit the Higher Highs trend-line (top) of the pattern. Target: 90.000 (the 0.9 Fibonacci retracement). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...

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Pattern: Channel Down on 1D. Signal: Buy as the price is near (a) the Lower Lows trend-line (bottom) of the Channel, (b) Support 2 and (c) the RSI is priting a HL pattern similar to the previous times that a rally was followed. Target: 1.2100 (just below the 0.786 Fibonacci retracement level. ** Please support this idea with your likes and comments, it is...

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Since my last update on NWC, my crypto gem rose by more than +50%: As I mentioned then, it was obvious that those low prices wouldn't last for long and hopefully the majority of you took advantage of that opportunity and are already sitting on excellent profit. Those who missed it, be alert as NewsCrypto is probably waving the last bull flag before the next...

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Pattern: Triangle on 1D. Signal: Buy as the price (a) made a strong rebound on the Higher Lows trend-line, (b) near the 1D MA200 (orange trend-line) and (c) broke above the Pivot Zone. Target: The 1D MA50 (blue trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...

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In my most recent Gold idea I introduced the importance of the Fibonacci retracement levels as targets following the August 08 flash crash of the Nonfarm Payrolls: As you see since then, the Fibs have acted very well as Resistance levels which on the following pull-backs acted as Supports. As the 0.786 Fib is currently holding, the only gap left to be filled...

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Pattern: Channel Up on 4H. Signal: Buy on the next pull-back to the 4H MA50 (blue trend-line). This buy signal has been consistent since June 01, appearing 3 times. Target: The 0.786 Fibonacci retracement level. Most recent S&P signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...

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So BTC managed to turn the scene completely around since the May-July bleeding and has completed 5 straight green weekly (1W) candles. As you see on the chart, such bullish streak is mostly associated with aggressive runs during Bitcoin's parabolic phases of Bull Cycles. Since the December 2018 Bear Cycle Bottom we've had four (4) streaks of 5 or more straight...

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Now that Bitcoin closed above one key Resistance, the 1D MA200 (yellow trend-line on this chart), as pointed out on a recent analysis, there is a distinct short-term pattern that has emerged. The initial Channel Up (shown in blue) has turned into a Rising Wedge, which is being supported by the 4H MA50 (blue trend-line). What interesting is that yesterday marked...

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GBPJPY is ahead of a "Make or break" situation as it is facing the Lower Highs trend-line that started all the way back from the 2007 subprime mortgage crisis. As long as it holds, the pair will most likely reverse back towards the lower Support levels. However if the 2007 line breaks, then it will most likely enter a new 1-2 year Bull Phase towards the 205...