


TradingShot
PremiumPattern: Channel Up on 1D. Signal: Bullish on the next pull back near the 1D MA200 base on a similar candle sequence in 2017. Target: 1.33000 (right below the 1M Resistance).
Pattern: 1M Channel Down. Signal: Bearish as the price made a Lower High within the pattern. Target: 0.67000 (just above the 1D Support).
Pattern: Channel Up on 1D. Signal: Bullish as the pair is repeating the August 2018 - January 2019 Bullish RSI sequence on 1D and a Golden Cross is emerging. Target: 0.09500.
Pattern: 1M Channel Down. Signal: Bearish as the price is near the inner Higher Low trend line. Target 16.3000.
Pattern: Rectangle on 1D. Signal: Bearish near the 1D Resistance Zone, Bullish near the 1D Support Zone. Target: 0.026500 and 0.03200 respectively.
Pattern: Channel Up on 1H. Signal: Bullish as the price made a Higher low. Target: 12990 (Resistance) and 13100 (extension for risk seekers).
The Descending Triangle on 4H is testing the 8900 Support that was made right after Saturday's 10500 peak. At the same time the Triangle is just below the Lower High trend line with no room for extension so a break out will come either way. What are the scenarios? * If the Triangle breaks to the upside, I am expecting a 0.618 Fibonacci rebound before a -12%...
Pattern: Channel Up on 1M. Signal: Bullish as the RSI on 1D made a bullish break out above the Lower High trend line (dashed) and is replicating the start of the year pattern. Target: $8900.
Pattern: 1W Channel Up. Signal: Bullish as the 3030 All Time High broke on a 1D bullish break out. Target: 3080 and 3100 in extension.
Nothing fancy here. We see that DASH has been declining on a Channel Down since the June peak. Clear Lower Highs and Lower Lows directed by the 1D MA50. Noticeably the Lower Lows are symmetrical with the Higher Lows of the January - June uptrend. And quite surprisingly the Higher Lows have been on an RSI bearish divergence while the current Lower Lows on a...
Ok that was not the best way to describe what I want to bring forward on this study but it is amazing how similar ChainLink's current bull phase on the 1D timeframe looks to Bitcoin's price action since mid 2017 on the 1W timeframe. Not only is the candle action (see the shapes) and pressure points (see the arrows) similar but also the MA50 and MA200 periods on...
The past three days have been more than crazy with Bitcoin soaring 40% following the comments of China's President Xi. Saturday's 26th candle printed a rare formation with more than 50% retrace on closing from the daily high. I thought it would be useful to see how this rare candle pattern traded in the past. Since 2012 I managed to find another 5 occasions of...
A lot of talk is being made recently regarding the Death Cross of Bitcoin on the 1D chart. Today's extreme spike appears to be ignoring this usually bearish formation and I thought it would be productive to see how the 1D Death Cross pattern has traded in the past, both in Bull and Bear Cycles. 2018 (Bear Cycle) I start with the obvious comparison with the...
Pattern: 1D Channel Down. Signal: Bearish as the price has crossed the 1W Channel's middle. Target: 6.0300.
Pattern: 1M Channel Up. Signal: Bullish as the price hit the 1D MA200 and is near the Higher Low trend line of the pattern. Target: 100.00 (potential Higher High of the Channel).
Pattern: Rising Wedge on 1M. Signal: Bearish as the price is trading near the Higher Low Zone. Target: 1.6600 (symmetrical target).
Well you can't say today's flush wasn't expected. After all the signs have been pretty clear lately and I tried to put the into context with my latest studies (see the most important of those at the end of this analysis). I do not want to get into much detail as I rarely comment on short term price action. However there are a few points that stand out and wish to...
Pattern: Rectangle on 1D (3.4700 - 3.5600). Signal: Bearish as the price is at the top of the High Volatility zone and the RSI has peaked. Target: 3.4850 (bottom of the High Volatility zone).