


TradingShot
PremiumThe pattern is a Channel Down since the April 2019 66.60 top. However with the price rejected on the 54.60 Resistance and pulling back to the 49 region the very bearish fractal of 21 Nov - 14 Dec 2018 comes to my mind. See how both then and now the price traded within the 54.60 Resistance and 49.30 Support. As a result buyers must defend the Lower Low zone of the...
Pattern: Channel Up on 1W. Signal: Bullish as the index is close to the Higher Low zone (green triangle) of the pattern. The 1D RSI is also on the multi-month Support Zone. Target: 3390 (just below the 1D Resistance)
Pattern: Parabolic rise on 1D. Signal: Bearish as the RSI is printing a top signal similar to the August 2019 sequence. Target: 1600 (0.382 Fibonacci retracement). Previous Buy Signal on Gold:
Pattern: Channel Up on 1D. Signal: Bullish near 225.00. It is a symmetrical pattern of the April-June uptrend. Target: $360 (just below the Resistance Zone).
Pattern: Channel Up on 1M (since September). Signal: Bullish with 1 position now on the Higher Low of the pattern and if it breaks 1 more on the 1D MA200. Target: 30000 (projected Higher High).
Pattern: 1M Channel Up. Signal: Bullish once the price hits the Symmetrical Support. Target: 1040 (just below the 1D Resistance). Recent successful signal on Platinum:
Pattern: Channel Up on 1D. Signal: Bullish if the price breaks the 1D MA200 or if it tests 2.500 again. Target: 2.800 (right below the Resistance Zone). Recent successful signal on Copper:
Pattern: Rising Wedge on 1D. Signal: Bearish if the next opening is below the 4H MA50. Otherwise the signal is invalid. Target: 13360 (right above the 4H MA200).
Pattern: Channel Down on 1M. Signal: Bearish as 1D made a Death Cross and started a new bearish leg. Target: 15.700 (just above the 1W Support).
This one is for the believers. Not for the average person who said in 2010 "Bitcoin is at $0.05 it can't make a $1 move in a single day, are you crazy?" or in 2011 " Bitcoin at $2 and you think it can move $100 in ONE day??" or in 2015 "We are now at $200, which is 1000 below the $1200 All Time High and you are telling ME that Bitcoin can move $1000 in ONE day??"....
Pattern: Downward break-out of parabola on 1D. Signal: Bullish once the price approaches the 0.500 Fibonacci retracement. Target: 18.500.
Pattern: Channel Up on 1D. Signal: Bullish as a Golden Cross took place and the sequence is similar to the one that led to the parabolic move of February - April 2019. Target: 0.01200 (Lower High trend line).
Pattern: 1D Channel Up. Repetition of the June - August 2019 fractal. Signal: Bullish once the pattern breaks to the upside. Target: 1,700 (using the +11% rise from the recent bottom). Latest signals:
Pattern: Channel Up on 4H. Signal: Bullish as the pattern made a Higher Low and the price was supported on the 4H MA50. Target: 54.35 (Symmetrical Resistance). Recent long term outlook:
Pattern: Channel Down on 1M. Signal: Bullish as the price is testing the Lower Low zone of the pattern. Target: 1.09350. Recent signal:
I see a lot of Bitcoin buyers/ holders panic with the current 2-day pull back. They shouldn't. This (so far minor) decline is far from alarming. It is still technical so far within the range of the 1D uptrend but now outside of the 1D Channel Up. This Channel Up is not illustrated on the current chart as I've chosen the 1W time frame to best explain the current...
Pattern: 1D Channel Up. Signal: Bearish as the pattern has hit a Higher High. Target: 4.3500. Target hit on my previous USDRON signal:
Pattern: Channel Up on 1W. Signal: Bullish as the pattern is close to making a Higher Low. Confirmation comes once the RSI tests the symmetrical Support Zone. Target: 16.7500 (just below the Symmetrical Resistance). Previous targets hit: