TradingShot Global Channel @tradingshotglobal Channel on Telegram

TradingShot Global Channel

14 Feb, 13:30

ELI LILLY ahead of a 1D Golden Cross targeting $1225

Last time we looked at Eli Lilly (LLY) 3 months ago (November 21 2024, see chart below), we've identified the bottom of its 5-year Channel Up and issued a strong long-term buy signal:

https://www.tradingview.com/chart/LLY/T8CjjGYG-ELI-LILLY-has-at-least-50-upside-from-here/

Now we are upgrading our Target as the price action turned out to be very similar to the 2nd half of 2020, at the end of which the company witnessed strong growth.

As you can see both 2020 and 2024 patterns have been correction phases in the form of Channel Downs. Even their 1D RSI sequences are similar. A 1D Death Cross paved the way for the bottom soon after and a 1D Golden Cross (Jan 11 2021) confirmed the start of a new phase of growth.

The price is now above the 1D MA200 (orange trend-line) and if it continues to replicate 2021, then we expect this to be a Bullish Leg that will target the 1.786 Fibonacci extension. Our long-term Target now goes from $1135 to $1225.

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410

TradingShot Global Channel

14 Feb, 10:44

XRPUSD Don't miss this rally to $12.500

Last time we analyzed XRP (November 16 2024, see chart below), we called the start of the new Parabolic Rally of the Cycle:

https://www.tradingview.com/chart/XRPUSD/4Doi8Bpa-XRPUSD-has-started-the-cyclical-parabolic-rally/

As you can see it couldn't be more timely, as the rally started on the aggressive mode of 2017 and easily broke above last Cycle's Top. Since the 2017 is the path it chose, we take a closer look today between the two Cycles in order to formulate the next Target.

XRP's 2017 Cycle is characterized by three separate rallies and amazingly enough, all three have been of around +1300%. Assuming the 2025 rally phase holds the same degree of symmetry among its different rallies, we can assume that since November - January has shown a +600% rise roughly, we should be expecting the new that is starting to be of the same % increase.

This gives us a $12.500 Target.

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477

TradingShot Global Channel

14 Feb, 09:51

XLMUSD Is this its Cycle Top??

Stellar (XLMUSD) is picking up the bullish sentiment today having just completed a Golden Cross on the 1W time-frame. Last time we viewed this (November 01 2024, see chart below), we gave a strong buy signal, which paid off immediately:

https://www.tradingview.com/chart/XLMUSD/qcGm9Lw2-XLMUSD-November-historically-starts-the-parabolic-rally-BUY/

Having failed to cross above the Lower Highs trend-line though, we are now more concerned as the last 1W Golden Cross (March 01 2021) was formed just 40 days before the Top of the previous Bull Cycle.

As long as the price trades below the Lower Highs trend-line, the probability for a new bearish move is strengthened. What is also supporting this is that the 1W RSI resembles the pattern of both the May 2021 and January 2018 Cycle Tops.

At the same time though, it is quite similar to the May - September 2017 RSI pattern, whose XLM price action was nothing but a Bull Flag that after touching the 1W MA50 (blue trend-line), rebounded aggressively above the 1.618 Fibonacci extension slightly to form the Jan 2018 Cycle Top.

As a result, we recommend to resume buying only if the price breaks above the Lower Highs trend-line and target 2.2500 (the 1.618 Fib extension).

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460

TradingShot Global Channel

13 Feb, 13:14

NIFTY still bearish targeting the 1W MA100 at 22250.

The Nifty 50 Index (NIFTY) has been trading within a Channel Down pattern, with its latest Lower High being exactly on the 1D MA50 (blue trend-line). This caused the rejection that initiated the current Bearish Leg.

As we've already completed a 1D Death Cross, the last two times we saw a similar Channel Down was during December 2022 - March 2023 and October 2021 - June 2022. Both of those patterns hit the 1W MA100 (red trend-line) before forming a bottom and rebound.

The March 2023 in fact, was priced exactly on the 0.5 Fibonacci retracement level. With their 1D RSI sequences also identical, we expect the bearish trend to continue for around another 30 days before the Channel Down bottoms on the 1W MA100 - 0.5 Fib cluster. Our Target is 22250.

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481

TradingShot Global Channel

13 Feb, 13:14

EURJPY testing its 1D MA50. Buy opportunity even if rejected.

The EURJPY pair is about to test its 1D MA50 (blue trend-line) today for the first time since January 31. We are on the 4th day of a strong rebound within a Rectangle pattern.

As you can see, every time the 0.785 Fibonacci retracement level of this Rectangle gets hit, the price reverses shortly after, targeting at least the 0.236 Fib. The bottom is also marked by a 1D RSI test of the 30.00 oversold level.

The rebound that follows, tends to pull-back after a 1D MA50 test, which is the 2nd opportunity to buy for those that missed the bottom. This time it is possible not to hit the 0.236 Fib as the 1D MA200 (orange trend-line) is involved and is the level that caused the January 24 2025, January 07 2025, December 30 2024 and November 15 2024 rejections.

As a result, a fair target would be just below it at 163.250.

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457

TradingShot Global Channel

13 Feb, 09:28

BITCOIN bounced on last Cycle's Pivot and targets $125k.

Bitcoin (BTCUSD) has been consolidating every since the Double All Time High (ATH) formation of December and January. As we've pointed out in previous analyses, this is similar to the December 2023 - January 2024 consolidation.

What we haven't seen before and we bring it forward to you today, is that the January 2025 Low was priced exactly on the Higher Highs trend-line that emerged from the November 2021 and April 2021 Highs, i.e. the previous Cycle's tops!

To make things more interesting, we can see an identical Higher Highs trend-line that held the January 2024 Low (of the similar consolidation phase we discuss above) with an identical 1W RSI sequence as well. That was what initiated the February - March 2024 rally.

Assuming the current Low holds, BTC should kick start any time now the new 2025 Bullish Leg, which technically eyes the Higher Highs trend-line of the current Bull Cycle (dotted line). Even if it starts as early as this week, it should target at least $125000.

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490

TradingShot Global Channel

12 Feb, 19:03

TESLA Is this the right time to buy again?

Right at the start of the year (January 02, see chart below) we issued a Sell Target on Tesla (TSLA) at $330:

https://www.tradingview.com/chart/TSLA/k8FccqJU-TESLA-How-further-can-it-drop/

This was based on the 1-year Parabolic Growth Channel of the stock, which formed a Higher High and was already in the rejection phase. The 330 Target was hit yesterday, the price touched the bottom of the Channel and we already see a recovery attempt today.

The condition that completes the strong buy sentiment that is emerging on Tesla, is that it hit yesterday the 1D MA100 (green trend-line) for the first time since October 23 2024. As you can see, the last two times that the stock traded on its 1D MA100, it was the most optimal buy opportunity.

Following a -33% decline on the previous two corrections of the Parabolic Channel, we've always seen an immediate rebound of at least +43.38%. As a result, we expect Tesla to initiate the new Bullish Leg, which, before a Higher High, can target on the short-term $465 (+43.38%).

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518

TradingShot Global Channel

12 Feb, 19:00

WTI OIL Weak price action on the medium-term.

WTI Oil (USOIL) is extending the Bearish Leg of the Triangle pattern after the recent January 13 rejection on the 1W MA200 (orange trend-line). Until the 1W RSI turns bearish again, and more importantly the Support Zone gets hit, we expect this bearish trend to be extended.

The strongest Demand Level for the past 2 years has been this Support Zone, so our medium-term Target is on its top at $68.00.

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472

TradingShot Global Channel

12 Feb, 18:54

DOW JONES Bullish long-term but one last drop below the 1D MA50 possible.

Dow Jones (DJIA) has found itself in an uncomfortable spot as it's been trading sideways within the 1D MA50 (blue trend-line) and Resistance 1 of the December 2024 High, for the past two weeks.

The 1D RSI has already started trending downwards on a Bearish Divergence while the 1D MACD just completed a Bearish Cross. The times we've seen all those conditions fulfilled within the 2-year Channel Up, are in mid-May 2024 and early May 2023.

On both occasions, the price got rejected on Resistance 1 and pulled back below the 1D MA50 to form a Higher Low. After the 1D MACD formed a Bullish Cross, the price confirmed a technical reversal and targeted the 1.5 Fibonacci extension before the next pull-back.

As a result, you might want to keep a buy order waiting for a sub-MA50 drop and buy once a MACD Bullish Cross is formed to target 46500 (Fib 1.5 ext).

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486

TradingShot Global Channel

12 Feb, 18:51

SHIBUSD The Death Cross may form the new bottom.

Shiba Inu (SHIBUSD) is on the Bearish Leg of a 1-year Triangle pattern and is about to form a Death Cross on the 1D time-frame. The last 1D Death Cross (July 17 2024), caused one final pull-back to form the new bottom, which as you can see was on a Double Bottom 1D RSI.

The target of the Bullish Leg that emerged after this was the 0.786 Fibonacci retracement level. As a result, we will wait for these conditions to be fulfilled in order to buy and target on the medium-term 0.000026 (Fib 0.786).

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496

TradingShot Global Channel

11 Feb, 11:19

WALMART Bullish Leg of Channel Up on full extent.

Walmart (WMT) has been trading within a Channel Up since January 2024 and is being supported by the 1D MA50 (blue trend-line) since August 14. The last contact with the 1D MA50 has been on January 16 and is what started the current Bullish Leg.

The standard %rise within this pattern has been +21.86% and as a result our short-term Target is $108.00.

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575

TradingShot Global Channel

11 Feb, 11:10

S&P500 consolidation is over. Massive rally starting.

The S&P500 index (SPX) has been trading within a Channel Up pattern since the October 27 2023 Low. For almost the past 30 days it has been ranging sideways on the 1D MA50 (blue trend-line). The index is no stranger to this at all.

On the contrary, this is a common Consolidation Phase that SPX has been through another 3 times within the Channel Up. As you can see, every time the index recovered from a Bearish Leg below the 1D MA50, it consolidated for around 1 month above the 1D MA50 and then resumed the Bullish Leg to complete at least a +15% rise from the bottom.

The 1D RSI sequences among all those fractals (including today's) are identical. As a result, we are preparing for a massive rally any day now, expecting a new +15% Bullish Leg to reach at least 6600.

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573

TradingShot Global Channel

11 Feb, 09:19

KASUSD Channel Down bottom rebound. When to sell again?

Kaspa (KASUSD) is trading within a (blue) Channel Down pattern since the July 31 2024 High. The formation only broke for 4 days last December. Last Monday, the price touched the bottom (Lower Lows trend-line) of the Channel Down and today we see the technical rebound reaction in full effect.

The 1D RSI turning oversold (<30.00) is a major part of this. The current Bullish Leg should target at least the 0.618 Fibonacci retracement level at 0.12500, as all 3 previous rebounds within the long-term Channel Down did.

It is very likely to see a rejection there, as it is the top (Lower Highs trend-line) of the diverging (dotted) Channel Down, which was initiated on the December 08 2024 High. We expect the bearish reversal to hit at least 0.07500, potentially at the same time the 1D RSI turns oversold again.

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596

TradingShot Global Channel

10 Feb, 19:35

SMCI Bull Flag completed and targeting $65.

Three months ago (November 07 2024, see chart below), we issued a strong buy signal on Super Micro Computer Inc (SMCI), after the stock had declined by more than -85% from its All Time High (ATH):

https://www.tradingview.com/chart/SMCI/9LBV9zNx-SMCI-is-85-a-buy-opportunity-while-accounting-issues-continue/

The signal was an instant success, as the price rebounded on the following week. Our perspective hasn't changed and today, with the stock up currently by more +13% intra day, is another reason why.

Last week the price made an excellent rebound on its 1W MA200 (orange trend-line), solidifying this level as the new Support and turning out to be a huge demand level that completed the Bull Flag pattern of December 09 2024 - January 27 2025. As you can see , the 1W MA200 was also on the symmetrical Support Zone that only broke on the 'fake-out' of November's accounting scandal peak.

The interesting take on this 1W chart is that every similar Bull Flag since the 2020 COVID crash, tested the 1.5 Fibonacci extension before the next technical pull-back. As a result, we expect a $65.00 test, which would exceed the 1W MA50 (blue trend-line), before a new 2-month correction.

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643

TradingShot Global Channel

10 Feb, 19:31

NASDAQ repeating the 2021 and 2019 rallies.

Nasdaq (NDX) is about to complete a Cup and Handle (C&H) pattern. The whole sequence since the August 22 2024 High appears to be very similar with the price action that preceded the 2021 and 2019 C&H patterns.

As you can see, both of those pattern had an identical trend towards them and equally rally after them, which targeted the 2.618 Fibonacci extension.

If the current C&H is completed on the 4H MA200 (orange trend-line), it is reasonable to expect to continue to repeat those past patterns. As long as the 20600 Low doesn't break, we expect a June rally to 24650 at least.

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631

TradingShot Global Channel

10 Feb, 16:59

EURUSD 1H Death Cross waiting for the perfect Sell.

The EURUSD pair completed a 1H Death Cross on today's opening, the first such formation since January 30. Given that we are currently within a Channel Down pattern similar to January's Death Cross, we expect the current formation to follow the trend of the former.

After a short-term rebound above the 1H MA200 (orange trend-line), the previous Channel Down declined aggressively to the 2.0 Fibonacci extension. This gives us a new bearish target at 1.01500.

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608

TradingShot Global Channel

10 Feb, 16:55

XAUUSD correction to the 1H MA50 technically needed.

Gold (XAUUSD) stayed unaffected by the Tariff War, as we mentioned on last week's analysis (Feb 03, see chart below) and easily hit our 2845 Channel Up Higher High Target:

https://www.tradingview.com/chart/XAUUSD/vaXhVP3R-XAUUSD-Channel-Up-unfazed-by-Tariff-War/

This time a new, more aggressive Channel Up, on the 1H time-frame has emerged and is already on its 2nd Bullish Leg. Technically, the 1H RSI being overbought at 80.00, calls for a short-term correction.

We expect a technical pull-back to the 1H MA50 (blue trend-line), which will be the next buy entry fir the final +3.90% run and a Channel Up Higher High at 2945.

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622

TradingShot Global Channel

10 Feb, 09:18

BITCOIN This is what happened last time we saw a 1D MA100 double test.

Bitcoin (BTCUSD) hit yesterday its 1D MA100 (green trend-line) for the second time in 6 days and is reacting on a bullish note early today following basically 4 straight flat 1D candles.

We mentioned the importance of the 1D MA100 as a Bull Cycle demand level on previous analyses. What we didn't discuss though is how BTC behaved the last time we had a 1D MA100 double test on such short time-frame.

As you can see, the last time Bitcoin had a 1D MA100 Double Test within a 1-week time-frame was on October 10 2024 and the one before that on May 08 2024. The common characteristics of both those fractals was that the 1D RSI held the 43.00 level (just like it's doing today) and the price rebounded to hit the respective Resistance Zone from the previous High. Channel Up patterns emerged on both occasions, the difference is that in May 2024 BTC got rejected on the Resistance Zone, while on October 2024 it broke to the upside aggressively following the U.S. elections.

As a result, we can target at least $108k on the short-term. Since long-term Accumulation Phases like March - October 2024 only take place two times at most during each Cycle (and we've already had this twice already), we give more probabilities to an extended rally like November - December to a new All Time High. Long-term traders may seek to sell these positions when the 1D RSI approaches the 85.00 profit taking level (overbought).

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691

TradingShot Global Channel

07 Feb, 13:07

EURGBP Channel Down sell signal

The EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High.

Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750.

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792

TradingShot Global Channel

07 Feb, 13:06

AUDUSD Has it found Support?

The AUDUSD pair gave us an excellent sell signal on our September 18 2024 bearish call (see chart below), which went straight to the 0.63750 Target within the time-frame we expected:

https://www.tradingview.com/chart/AUDUSD/IiAlEIrn-AUDUSD-Any-post-Fed-spike-will-be-a-great-sell-opportunity/

This time we are looking at a potential Support rebound as the price appears to have made a bottom on the 2-year Channel Down Lower Lows trend-line. Based on the upcoming 1W MACD Bullish Cross and the 1D RSI symmetrical positioning, we might be starting a rally similar to October 31 2023 during the last Lower Low.

This rose by +3.82% before pulling back to the 1D MA50 (blue trend-line) again, so our short-term Target is 0.63500. Beyond that, we need to observe whether the 1D MA200 (orange trend-line holds or not, in order to engage in buying break-outs.

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778

TradingShot Global Channel

07 Feb, 10:04

SOLUSD Triple bottom initiates new rally to $380.

Solana (SOLUSD) has been trading within a Channel Up pattern since the July 29 2024 High. The recent February 03 2025 Low isn't just a Higher Low on the Channel Up but also a Triple Bottom on the Support Zone and a Double Bottom on the 1D MA200 (orange trend-line).

Needless to say, this shows that technically this is a level of high demand, thus long-term Support and within the next 30 days maximum, it should initiate the new Bullish Leg of the pattern, similar to the September 06 2024 Low. Even the 1D RSI sequences between those fractals are identical.

Since the previous Bullish Leg rose be +119.43%, we see no reason to do otherwise now, hence our new long-term Target is set a $380.00.

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637

TradingShot Global Channel

06 Feb, 13:59

WTI OIL 4H RSI Bullish Divergence hinting to trend reversal.

WTI Oil (USOIL) has been trading within a Channel Down pattern since the January 15 High. Since yesterday it appears for the first time to have withdrawn from making Lower Lows. In fact, the 4H RSI has been on Higher Lows since January 27, which is a technical Bullish Divergence.

This hints to a potential trend reversal to bullish and the pattern that we can identify emerging is a Channel Up. This current potential bottoming pattern, resembles the January 08 Low which rallied above its 2.5 Fibonacci extension.

As a result, we can target the Channel's top (Higher Highs trend-line) at 76.50.

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695

TradingShot Global Channel

06 Feb, 13:58

FTSE 100 Target reached. How to trade next.

Only a month ago (January 03, see chart below) we gave a strong buy signal on FTSE 100 (UK100) right after it bottomed on its 1W MA50 (blue trend-line):

https://www.tradingview.com/chart/UK100/O2VyZk9N-FTSE-100-bottom-formed-Target-for-Summer-2025-set/

As you see, the subsequent rebound hit our 8650 Target even quicker than we expected and the price now sits exactly at the top (Higher Highs trend-line) of the 3-year Channel Up.

We will now proceed with the standard break-out or rejection strategy based on candle closing. If the index closes a 1W candle above the 3-year Channel Up, buy and target 9050 by May, which translates to a +13.40% rise from the Higher Low (December 16 2024) of the diverging (blue) Channel Up, similar to its first Bullish Leg.

As long as the index doesn't close a 1W candle above the 3-year Channel Up, our next buy opportunity will be on the 1W MA50 (blue trend-line) again, a fair technical correction/ Bearish Leg. Again the Target will be 9050.

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646

TradingShot Global Channel

06 Feb, 09:31

BITCOIN Pure 2-month symmetry targets $102.5k and $108k.

Bitcoin (BTCUSD) has been practically consolidating for more than 2 months (since November 22 2024) within a Rectangle pattern and what's more striking is the amazing symmetry it has been displaying.

Right now the price has broken above a Lower Highs trend-line following the February 03 2025 Low near the Rectangle's Bottom and every time it has done so within this pattern, a rally towards the Higher Highs trend-line started.

It is interesting to mention that so far the range from the first High to the last High of this trend-line has been 101 4H candles (roughly 25 days). Since on the new (blue) phase that started on the February 03 High, we had our first, we can expect it to conclude near the top of the Rectangle by February 26.

This technical symmetry can help us set our next short-term Targets. Target 1 is at $102500, just below Symmetrical Resistance Zone 1 and Target 2 is at $108000, just below Symmetrical Resistance Zone 2 (top of the Rectangle as mentioned). Needless to say, the current 4H RSI pattern resembles the bullish break-outs above both of the previous first Lower Highs fractals.

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708

TradingShot Global Channel

05 Feb, 12:17

GOOGLE Buy the earnings dip and Target $215.

Alphabet Inc. (GOOG) has been trading within a Channel Up since the September 09 2024 Low. Just last Friday it formed a Bullish Cross on its 1D MACD and is rising, which inside this Channel Up pattern, has been a strong buy signal.

Given that the company's Earnings miss will force the stock to open near or at the 1D MA50 (blue trend-line), take this excellent dip opportunity to buy the technical pattern and target $215, which is the standard +15% Higher Lows rebound the Channel had on each Bullish Leg.

In that case the trade will be long-term, targeting just above Support 1 at 0.84000.

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735

TradingShot Global Channel

05 Feb, 11:20

USDCHF Be ready for these trades based on the 1D MA50.

The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year.

The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion.

The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023.

In that case the trade will be long-term, targeting just above Support 1 at 0.84000.

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638

TradingShot Global Channel

05 Feb, 09:55

DOW JONES Can the 1D MA50 save the day once more?

Dow Jones (DJIA) has been trading within a year long Channel Up and this week's pull-back has so far found Support just above the 1D MA50 (red trend-line). As this chart shows, every 1D MA50 contact that was made after a Channel Up bottom (Higher Low), was a buy opportunity as the blue arc patterns highlight.

The green arcs are the Channel bottoms and technically the strongest buy opportunities and in the past 10 months we've only had 3 of those. This is the 4th blue arc however, the medium-term buy opportunity.

Regardless of colour, the 4H RSI pattern on each of those buy opportunities, has been the same. And the resulting rally has either hit the 1.5 Fibonacci extension or made a +8.33% rise.

This time the 1.5 Fib is a bit closer to the price, so that will be our medium-term Target at 46750.

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649

TradingShot Global Channel

05 Feb, 09:16

BITCOIN You can't get a more bullish symmetry than this.

Bitcoin (BTCUSD) marginally breached its 1D MA100 (green trend-line) two days ago and immediately rebounded in a mirror price action like last year's bounce of January 23 2024. We analyzed this on our previous publication but what we bring you today is the amazing RSI based symmetry of the two fractals.

The dominant long-term pattern remains a Channel Up and this is what will most likely guide BTC to the finish line and the Top of this Cycle. This pattern displays two (blue) Accumulation Channels, which is the formation we're currently at.

In fact Bitcoin has most likely started the process of breaking above this Channel as the January 23 2024 1D MA100 bounce was the starting point of the Bullish Leg (green) that made a Higher High at the top of the long-term Channel Up.

As mentioned, what's incredibly interesting is the 1D RSI symmetry between the two Accumulation Channels. As you can see on the current Accumulation Channel, the time between the 2nd RSI Lower High (blue circle) and 3rd (yellow circle) was 25 days and between the 3rd and 4th (red circle) was 32 days. The respective ranges on the previous Accumulation Channel were 25 and 34 days, which showcase a striking degree of symmetry.

The Bullish Leg peaked on the 2.618 Fibonacci extension from the last High (red circle) and as a result, we can expect the new rally to follow an equally symmetric/ proportional rise and target the new 2.618 Fib at $145000.

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758

TradingShot Global Channel

04 Feb, 13:53

PALANTIR Target $110 then wait for correction.

Palantir Technologies (PLTR) is repeating the January pattern that has been seen in both 2024 and 2023, which has the price rising by +72.50% for a peak. This gives us a $110 immediate Target, which should be relatively easy to achieve after such Earnings.

Once the peaked on this mark, the 2024/ 2023 fractals pulled back to the 0.618 Fibonacci retracement level before turning into a long-term buy opportunity again in preparation for the next Bullish Leg. As a result, after $110 is hit, our next buy level will be near $80.

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710

TradingShot Global Channel

04 Feb, 13:50

TONUSD Be ready for $12.00 this Summer.

It has been almost 5 months (September 12, see chart below) since the last time we analyzed Toncoin (TONUSD) and made our bearish call:

https://www.tradingview.com/chart/TONUSD/NC5t5eSA-TONUSD-1st-1D-Death-Cross-in-1-5-years-calls-for-more-downside/

As you can see, it successfully hit our 3.50 Target and the 0.618 Fibonacci level. With that being a direct contact with the bottom (Higher Lows trend-line) of the 1-year Channel Up, while the 1D RSI got oversold (<30.00), we expect the new Bullish Leg to start.

All previous oversold RSI hits (with the exception of Aug 05 2024) have been bottoms and with +300% being a standard rise within this pattern, we expect to see $12.000 as the next High.

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701

TradingShot Global Channel

10 Jan, 10:38

ALTSEASON to $3 Trillion with BITCOIN at $200k??

This is not the first time we make the comparison of the current Altcoin (Crypto Total Market Cap excluding top 10) Cycle with the 2014 - 2017 one. But it is the first time that we make this comparison, including Bitcoin's (BTCUSD) Cycles.

As you can see, there are striking similarities between the Alt Cycles:

a) Both bottom formations were in the form of a Cup pattern
b) A Pivot trend-line that turned from Resistance to Support
c) The MA50 (blue trend-line) was supporting once broken until the next Bear Cycle
d) A Bull Flag after the MA50 break-out found support on the MA50 and 0.382 Fib and started the Altseason (green Channel Up)
e) That Bull Flag started with a MACD Bearish Cross and ended on a Bullish Cross

It appears that we are now on the stage where Alts have the 1st consolidation of the Parabolic Rally. What's remarkable and the key difference between the two Cycles, is that this time BTC has diverged massively and made a new All Time High (ATH), while alts haven't.

Of course this is directly attributed to the Bitcoin ETF, which attracted enormous amounts of capital that pumped the asset beyond the technical restrictions of this model. This may be an indication however, that part of this capital may be diverted to Alts, once partial BTC profit taking takes place, as it has happened during every Altseason.

In any event, if the Cycle continues to replicate the 2017 rally, it should reach the -1.5 Fibonacci extension, which would translate to at least a $3 Trillion Altcoin Market Cap, while Bitcoin would be close to the $200k level! That may seem unrealistic in terms of market cap, but so did the levels during the 2020/21 and 2017 rallies. It all depends on whether Bitcoin can continues to attract outside capital with this pace, which will in turn grow interest on the rest of the crypto market and also on the rate of adoption (companies, consumer use of crypto).

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529

TradingShot Global Channel

09 Jan, 10:11

DOW JONES The RSI shows the bottom is in.

Dow Jones (DJI) has been trading within a 1-year Channel Up and is on a Bearish Leg since the December 05 2024 High. The price has found support so far 4 times on the 4H MA200 (orange trend-line) and is consolidating.

This is most likely a bottom formation as the 4H RSI is posting a Bullish Divergence similar to the 3 previous times in 2024 when the price broke below the 4H MA200. Technically once the 4H MA50 (blue trend-line) breaks, we should a confirmed Bullish Leg, which is what happened on all 3 occasions.

The minimum Target is Resistance 1 at 45000. Note that as long as the 1D MA200 (red trend-line) holds, the bullish trend will continue to be favored.

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520

TradingShot Global Channel

09 Jan, 10:11

C3.AI Is it the new PALANTIR?

Last time we made an analysis on C3.ai (AI) (September 06 2024, see chart below), we gave a strong buy signal that not only did it successfully hit our $28.50 Target but also broke above the 1.5 year Channel Down:

https://www.tradingview.com/chart/AI/6lc7WMWh-C3-AI-is-a-great-buy-opportunity-for-the-rest-of-the-year/

The pattern that has emerged and looks to be what might place the strongest pressure moving on, is a Channel Up, starting from he December 2022 bottom. By early February we should also have formed the first Golden Cross on the 1W time-frame and that alone can apply high buying pressure.

Technically, the next obstacle for the stock to overcome is the Resistance Zone from the 2021 consolidation, which priced the previous High of June 2023. If the 1W MA50 (blue trend-line) holds and pushes the price above the Zone, we expect an aggressive push towards potentially the All Time High (ATH) of the stock, much like Palantir did on its own break-out. A more modest technical Target before that however, would be $130.00.

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484

TradingShot Global Channel

09 Jan, 10:06

AVAXUSD Will the 1W MA50/200 hold and push the Cup and Handle higher?

Avalanche (AVAXUSD) is about to complete a Cup and Handle (C&H) pattern on the 1W time-frame and currently the Handle part has found Support for 3 straight weeks on both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).

This is also on the 0.5 Fibonacci retracement level of the Cycle. Technically we should see in the coming weeks the start of the 2nd Bullish Leg of the Bull Cycle and if it follows the C&H dynamics, we can expect it to target the 2.0 Fibonacci (blue) extension at $240.00.

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446

TradingShot Global Channel

08 Jan, 10:07

WTI OIL Critical crossroads on the 16-month Resistance.

WTI Oil (USOIL) is having a strong rally in the past 30 days following the rebound on the 2-year Support Zone. This Zone has contained all 1W candle closings above it, so this rebound is coming as a natural technical reaction for buyers but it is about to face a critical Resistance Cluster.

First is the 1W MA50 (blue trend-line) but the most important level is the 16-month Lower Highs trend-line that started in late September 2023. Technically, as long as it holds, the price is more likely to get rejected now back towards the Support Zone, so at the moment we are bearish with a 68.00 Target.

If the Lower Highs trend-line breaks and WTI closes a 1W candle above it, we don't expect the 1W MA200 (orange trend-line) to offer much Resistance, so we will take the small loss on the short and switch to buying. Our Target in that case will be Resistance 1 at 84.50.

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505

TradingShot Global Channel

08 Jan, 09:43

BITCOIN Cycle Top can be as high as $200k

Bitcoin (BTCUSD) has started 2025 on high volatility amidst geopolitical and economic news input. 2025 is the last year of this Bull Cycle, according to the Cycles Theory which for more than a decade has been very accurate at predicting Cycle Tops and Bottoms.

** LGC, MMB and Pi Cycle **
On today's analysis we present to you this view in more detail by displaying Bitcoin's Logarithmic Growth Channel (LGC) with the addition of the Mayer Multiple Bands (MMB) and the Pi Cycle trend-lines. From the MMB we use its extremes, the 3SD above (red trend-line), which is the Mayer Top and the 3SD below (black trend-line), which is the Mayer Bottom. From the Pi Cycle we use a tighter range, its top trend-line (orange) and bottom trend-line (green), which form a zone that typically serves as more of a 'Fair Value' before the Bear Cycle's extreme selling and Bull Cycle's extreme buying (Parabolic Rally).

** Current Cycle in 2025 **
As mentioned, BTC has entered the last year of its current Bull Cycle. Based on this cyclical pattern, the 3 previous Tops have been either on a November or December. As a result, we expect the new Cycle Top to start forming by November 2025. The last one was formed above the Pi Cycle Top (never hit the Mayer Top) and on the 2nd LGC Zone from the top.

This suggests that even if the price barely tests the bottom for the LGC 2nd Zone from the Top, by November 2025 we should be close to $200000. Technically the projected Peak Zone should be within the 180k - 200k range. That may still be below the Pi Cycle Top, so technically we can argue that it is a fair scenario to expect and not an overly optimistic.

Unrealistic or not, this is what 3 separate traditional long-term models suggest.

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495

TradingShot Global Channel

07 Jan, 14:37

AMD Bullish break-out above the 3-month Resistance.

Advanced Micro Devices (AMD) opened (and closed) yesterday above the 3-month Channel Down pattern that started after the October 09 2024 High and that is technically a strong bullish break-out signal.

The previous break-out in August 2024, eventually reached the 0.786 Fibonacci extension, which was the October 09 2024 High, before declining again.

Even though we are long-term bullish on AMD, as it even kept clear the 1W MA200 (red trend-line), which is its multi-month Support, we expect it to reach at least $160.00 (just below the 0.786 Fib) on the short-term.

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531

TradingShot Global Channel

07 Jan, 14:31

S&P500 no major pull-backs expected in 2025. Year-end Target 7200.

The S&P500 (SPX) has started the first week of the new year (2025) on a positive note following a red December. In fact December was only the 3rd red month of the whole 2024. Based on its 16-year Channel Up pattern, this bullish trend isn't expected to slowdown in 2025.

In fact, no major pull-backs are expected this year, as the end sequence of 2024 resembles the August 2013, which led to a very bullish 18-month period after.

As you can see, the start of the Channel Up, which was the bottom of the 2008 - 2009 U.S. Housing Crisis followed the same stages as the pattern after the March 2020 COVID bottom. The bottoms have been stage (a) with (b) being the first short-term pull-back and (c) the second, which was also a 1M MA50 (blue trend-line) test. It appears that we are currently on stage (d), where as explained led the way to a bullish 18-month period.

The peak of the early Channel Up pattern was on the 2.786 Fibonacci extension from the stage (c) bottom and the 18-month period ended on the 1.382 time Fib extension. If we take the same measurements on the post COVID pattern, the 1.382 time Fib extension lands on October 2026. For 2025 alone we can expect a +23.73% rise from the last red candle of (d), if the post August 2013 12-month pattern is followed, which gives us an end-of-year (2025) Target of 7200.

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514

TradingShot Global Channel

07 Jan, 08:47

CARDANO Mega rally starting first to $3 then top expected at $5

Last time we looked at Cardano (ADAUSD) we gave a confident medium-term buy signal (November 18 2024, see chart below):

https://www.tradingview.com/chart/ADAUSD/i2XM3dIV-CARDANO-1D-Golden-Cross-pushing-for-Resistance-breakout-to-1-40/

Today, having seen a very strong closing to the year last week and especially since the price bounced off the 1W MA200 (orange trend-line), we are making a long-term call towards the top of the Cycle.

Technically ADA's historic pattern is a Channel Up and if we draw its Fibonacci levels, the price is currently within the 0.5 - 0.618 range. That is exactly where it was during the same stage of the previous Cycle in January 2021. As the 0.5 Fib held, once it closed a 1W candle above the 0.618, the price skyrocketed to the 0.786 Channel Fib and tested the previous All Time High (ATH).

We can see the amazing symmetry between the Cycles on the 1W RSI fractals too. As a result, our next immediate Target for ADA is near the previous ATH at $3. Beyond that, we expect the Cycle to top at $5, which is marginally below the 1.236 Fibonacci extension, which was where the August 2021 Cycle Top was priced.

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643

TradingShot Global Channel

06 Jan, 10:59

NASDAQ rebounding strongly on its 1D MA50. 1 month rally ahead.

Nasdaq (NDX) has been trading within a 4-month Channel Up and hit last Tuesday its 1D MA50 (blue trend-line) exactly on the Channel's bottom. Even though it marginally broke it, the 1D candle closed exactly on the 1D MA50, causing a strong bullish Friday reaction.

As today opened equally green, we technically view this sequence as the start of the new Bullish Leg of the pattern, which may be confirmed today if the 1D RSI breaks above its MA (yellow trend-line), as both previous Bullish Legs did.

Our Target is 22600, which represents a +9.00% rise, the minimum a Bullish Leg had within this Channel Up.

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560

TradingShot Global Channel

06 Jan, 10:55

EURUSD Short-term buying activity spotted.

The EURUSD pair has been under heavy selling pressure for the whole December but despite the red candle, it closed last week on a long wick and opened today on a green note. The weekly closing managed to make it inside the 2-year Megaphone pattern.

At the same time, the 1W RSI is making a Double Bottom and that resembles the August 06 2018 candle, which was also a medium-term bottom after a multi-month decline. The rebound that followed peaked a little below the 1W MA50 (blue trend-line) and Resistance.

As a result, we are bullish on this pair, at least on the medium-term, targeting 1.0600 (just below the Resistance level).

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544

TradingShot Global Channel

06 Jan, 10:52

XAUUSD Bullish break-out targeting $3000 about to happen

Gold (XAUUSD) has been trading within a 15-month Channel Up (since the October 06 2023 Low) and it's been under bearish pressure since the most recent October 30 2024 Higher High of the pattern.

The consolidation around the 1D MA50 (blue trend-line) since the November 14 2024 Low formed a Triangle pattern that is consistent with the previous two bottom formations (Higher Lows) of the Channel Up.

More specifically, last Friday's rejection on the 1D MA50 is technically the 3rd since the November 14 2024 Low. In the previous two bottom formations, Gold never had a 4th rejection, on the contrary when it broke above the 1D MA50 after the 3rd, it also broke above the Triangle patterns, and technically initiated the new Bullish Leg of the pattern.

The 1D MACD sequences are also similar among those fractals, in fact we just completed the 2nd Bullish Cross below the 0.000 level, which was the Buy Signal before the 1D MA50/ Triangle top bullish break-out.

As a result, we expect the new Bullish Leg to start soon and since both previous rallies have been at least +21.85%, our Target now is even below that estimate at $3000.

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514

TradingShot Global Channel

06 Jan, 08:54

BITCOIN New year, same thing..

Bitcoin (BTCUSD) has just reclaimed the 1D MA50 (blue trend-line) over the weekend and is so far successfully holding it below the price action, making it a Support.

The exact same price action took place in January last year (2024). In fact, as these 1D charts very vividly illustrate, the whole sequence from the September 06 2024 Low to today, is very similar to the sequence from the September 11 2023 Low to (so far) January 2024.

This incredible degree of symmetry is also extending to their 1D RSI and MACD fractals. The first formed Bearish Divergences under Lower Highs trend-lines, which when broken confirm the new rally, while the latter (MACD) was the early buy signal when it formed a Bullish Cross below the 0.00 mark.

If BTC continues to copy the January 2024 fractal, then we should be expecting a few more days of sideways price action, that will pave the way for the new (2nd) Rally Phase of the whole pattern. The 2nd rally peaked on the 1.618 Fibonacci extension from the September 11 2023 Low, so if the pattern replication continues, we may see a peak above $150k.

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620

TradingShot Global Channel

03 Jan, 20:08

EXXON MOBIL Will it recover the devastating December?

Exxon Mobil (XOM) gave us an excellent buy signal on our last idea (September 27 2024, see chart below) as it quickly hit our $120 Target:

https://www.tradingview.com/chart/XOM/D57VqbCc-EXXON-MOBIL-Buy-signal-on-the-1D-MA200/

Since the November 22 2024 (Lower) High though, it had an aggressive sell-of that stopped on the December 20 2024 Low. The price has stabilized for now but hasn't yet gained the necessary momentum to stage a rebound.

On the other hand, there are some very encouraging signals that justify going long as the Risk/ Reward Ratio has turned very favorable for buying. The price might not be exactly at the bottom (Higher Lows trend-line) of the Channel Up but the 1W RSI is on the 38.35 Support, which is the exact level where the it bottomed on January 19 2024, on the previous Higher Low.

At the same time, the 1D MACD has completed a Bullish Cross, which has always been a solid buy entry below the 0.0 level. As a result, even though the stock may deliver one last pull-back to test the bottom of the 14-month Channel Up, it is worth buying now as the upside is significantly higher. Our Target is the Resistance 2 level at $126.40.

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673

TradingShot Global Channel

03 Jan, 11:31

SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.

Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support.

In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months.

The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000.

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715

TradingShot Global Channel

02 Jan, 20:02

TESLA How further can it drop??

Tesla (TSLA) has clearly overachieved since our previous buy signal (August 15 2024, see chart below), surpassing our $380 Target:

https://www.tradingview.com/chart/TSLA/GSJQtf2e-TESLA-starting-an-aggressive-bullish-reversal-to-380/

The last 3 weeks though has seen overdue weakness on the price action, which was delayed due to the U.S. elections aftermath. The deliveries miss is pulling the price back towards its fair value region and the 1D MA50 (blue trend-line), which has been intact since the October 23 2024 bullish break-out.

Tesla has been trading inside a Parabolic Channel for almost a year (since February 2024) and the level that has marked the strongest buy opportunities recently has been the 1D MA100 (green trend-line). Every contact on that level since the August 05 2024 Low, has been a solid buy entry.

Parallel to the 1D MA100 contacts, the 1D RSI tends to test its own Support Zone, whose bottoms are aligned and is an additional buy signal.

With regards to corrections within this Parabolic Channel, the two major ones have both been -32.65%, an amazing display of symmetry. If the current pull-back also follows that pattern and evolves into another -32.65% Bearish Leg, then it might make contact with the 1D MA100 around the $330 level. Unless the 1D RSI hits its Support Zone earlier, that is technically a fair value for Tesla in our opinion, where heavy buying may commence again.

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821

TradingShot Global Channel

02 Jan, 19:07

BITCOIN Dominance drop is about to trigger a massive Altseason!

Bitcoin (BTCUSD) closed December on a marginally bearish 1M candle and is expected to start the 3rd year (2025) of the current Bull Cycle on strong bullish pressure.

As you can see on this chart, BTC Dominance (blue trend-line) has started to decline already since October 2024. That is when Bitcoin completed 36 months (1096 days) from the previous Cycle top (green candle).

This is a highly cyclical pattern as BTC Dominance during previous Cycles dropped every time Bitcoin completed 36 months from the previous All Time High (ATH). That was when the Altseason started, which is the most aggressive part of the Altcoin market.

Based on this chart we are about to see an accelerated drop on Bitcoin's dominance, with earnings and added capital being transferred to Altcoins, causing a new Altseason.

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643

TradingShot Global Channel

02 Jan, 14:31

WTI OIL Break-out or rejection strategy.

WTI Oil (USOIL) gave us an excellent buy signal last time (December 27, see chart below) that produced a Bullish Leg straight to our $72.80 Target:

https://www.tradingview.com/chart/USOIL/kQK1Ngk7-WTI-OIL-Will-it-hold-the-4H-MA200-and-rebound/

The price is right now above Resistance 2 and almost at the top (Higher Highs trend-line) of the Channel Up. Having completed a +6.65% rise (which was the previous Bullish Leg), it is now highly likely to start seeing a reversal to a Bearish Leg. Especially since the 1D RSI is testing the October 07 2024 High.

As long the price gets rejected below the top of the Channel Up, we will be bearish, targeting $70.50 (above the 0.618 Fib and the 1D MA50). If the price breaks and closes a 1D candle above the Channel Up, we will take the small loss and switch to a buy, targeting the 1D MA200 (orange trend-line) at $75.15.

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680

TradingShot Global Channel

02 Jan, 14:27

DOW JONES Bullish accumulation below the 1D MA50.

Dow Jones (DJI) has been trading within a Channel Up since the July 18 High. Right now the price is consolidating between its bottom (Higher Lows trend-line) and the 1D MA50 (blue trend-line). At the same time, the 1D RSI breached the oversold barrier (30.00) and rebounded.

This trading sequence has presented the most efficient buy opportunity since April 19 2024 and the even though all Bullish Legs that followed have been a little over +8.00%, the weakest one has been +7.63%. As a result, our current Bullish Leg Target of 45235 is formulated out of that minimum.

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616

TradingShot Global Channel

02 Jan, 11:32

SOLUSD charging for the 1D MA50. New rally started.

Solana (SOLUSD) made a new 10-day High as it is rising aggressively today towards the 1D MA50 (blue trend-line), which is the first level of Resistance. We expect this rally to be the start of the new Bullish Leg of the 5-month Channel Up for three reasons.

Firstly, last week's Low was exactly on Support Zone 2, which is the pivot level of the October 29 High. We've had the same bounce on Support Zone 1 when the previous Bullish Leg of the Channel Up started on September 06 2024.

Secondly, the December Low almost tested the 1D MA200 (orange trend-line) before rebounding, which is the long-term Support. This is now exactly on the bottom of the Channel Up.

Thirdly, the December 22 Low also made the 1D RSI rebound on the oversold barrier (30.00). As you can see, every time the RSI touched this oversold level since April 13 2024, it was a strong buy signal to at least the 0.786 Fibonacci retracement level.

As a result, our short-term Target 1 is $242.00 (the 0.786 Fib). Beyond that, if the price breaks above Resistance 1 (265.00), we will buy the bullish break-out and target the top (Higher Highs trend-line) of the Channel Up at $380 (Target 2). As you can see, that would be a +119% rise from the December Low, similar to the % rise of the first Bullish Leg.

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740

TradingShot Global Channel

23 Dec, 14:15

AMD Strongest buy signal in more than a year

Advanced Micro Devices (AMD) is approaching the 1W MA200 (orange trend-line), extending a 10-month correction of Lower Highs and Lower Lows since the March 04 2024 High. The last time the price came close to the 1W MA200 was more than a year ago on the October 23 2023 1W candle, which was the previous Higher Low of the Bull Cycle that started on the October 10 2022 market bottom.

The 1W MA200 has been basically holding as the stock's long-term Support since the January 23 2023 bullish break-out and has been successfully tested 3 times already. The 1W RSI shows that the corrective wave since October 2024 is very similar to those that led to the previous 2 bottoms. In fact the whole correction since the March 2024 High has been almost -48%, approximately the same as the late 2022 correction.

Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. If the 1W MA200 holds yet again and kick-starts the new Bullish Leg, we expect another +141.87% rally until the next market Top, so we set a Target at $280.00.

As a side-note, see how accurately the Sine Waves display the previous two bottoms, indicating that there is a high degree of symmetry on this Bull Cycle.

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310

TradingShot Global Channel

23 Dec, 14:10

NASDAQ Technical buy on this 1D MA50 bounce.

Nasdaq (NDX) has been trading within a Channel Up pattern since the September 06 Low and potentially has started the new Bullish Leg as on Friday it hit the 1D MA50 (red trend-line) and rebounded. The 1D MA50 has been holding since the September 12 bullish break-out.

Still, there is no confirmation yet, as the price remains below the 4H MA50 (blue trend-line). As you can see on this chart, every time the index broke above its 4H MA50, it never broke again until the next Higher High of the Channel Up, technically confirming the new Bullish Leg.

With the 4H RSI rebounding also from oversold (<30.00) territory, there are higher probabilities of this being the new Bullish Leg. If the confirmation comes, we expect at least another +9.08% rise from Friday's Low (which was the % rise of the previous Bullish Leg) to target 22500.

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309

TradingShot Global Channel

23 Dec, 14:02

EURUSD short-term trading set-up

The EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected.

On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200).

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290

TradingShot Global Channel

23 Dec, 13:58

XAUUSD Accumulation almost over. Strong rally expected to $3000.

XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week.

This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern.

As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical.

As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000.

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304

TradingShot Global Channel

23 Dec, 09:50

BITCOIN Are you scared enough? Or need to see more pain?

Bitcoin (BTCUSD) touched its 1D MA50 (blue trend-line) for the first time in more than 2 months (since October 11) and is rebounding. The first presence of short-term buyers was actually felt on Friday, when the price came close to the MA50 again and rebounded aggressively. This is a natural technical reaction during such aggressive uptrends.

The key Support level during BTC Bull Cycles however is the 1W MA50 (red trend-line), which has been supporting since March 2023 and was successfully tested (and held) twice on August 05 and September 06, the last of which was technically the start of the current Bullish Leg.

** The Fibonacci Channel Up **
Bullish Legs are technically part of Channels and this time is no different as Bitcoin has been trading on a Fibonacci Channel Up since the very bottom of the last Bear Cycle in November 21 2021.

As you can see, we have classified the price action on this pattern in Phases, each of whom trades within one range upwards, which is why the Fibonacci Channel succeeds at accurately displaying BTC's current logarithmic rise during this Cycle.

** The Phases and the high symmetry **
Phase 1 (blue Channel) traded within the Fib 0.0 - 1.0 range, Phase 2 (green Channel) within the Fib 0.5 - 1.5 range and we expect a 3rd one, Phase 3 (red Channel) to trade within the Fib 1.0 - 2.0 range.

As you may assume, there is high symmetry between sequences, Legs and pull-backs within this pattern and the one that stands out is that rallies so far tend to record +100% rises. More specifically, both the April 14 2023 and January 11 2024 Highs of +100% rallies, then pulled back towards the 0.382 Fib retracement level, the first didn't hit it, the second almost did.

** Will we test the 1D MA100? **
But that is the rally that displays the most similarities with the current one and after hitting its 1D MA50, it broke even lower and only found Support and bounced on the 1D MA100 (green trend-line). You can see even how identical their 1D RSI sequences are, which are Channel Down patterns that started showing a bearish divergence much earlier than the top.

Right now the RSI is holding the 45.00 neutral level, but the January 2024 and the 2023 fractals turned into a buy on the key 36.00 level, which is bearish territory. Even though Bull Cycles tend to get more and more aggressive as we approach the end of the Cycle and ignore previous Support levels, the 1D MA100 is currently at $79250 and rising, indicating that it can 'meet' the price on lower levels than currently, assuming how quickly the RSI also hits 36.00 (any of the two conditions hits first, the cyclical buy signal can be valid).

** The remainder of the Bull Cycle **
Beyond that, we expect the next High, as we've already entered Phase 3, to be on the -0.5 horizontal Fibonacci extension (as March 13 2024 was) and on the 2.0 Channel Fibonacci ext at a price of $150000, which is the next technical extension of the Channel. After that, you can see that both Phase 1 and 2 started multi-month Accumulation phases with a potential maximum correction to the 0.382 Fib again and as Phase 3 concludes (and possibly the whole Bull Cycle), we may see another +100% rally and a possible Top at $200000.

So for the current situation the key question is as mentioned on the title: 'Are you scared enough?' now the 1D MA50 has been tested? Because we may very well drop as low as the 1D MA100 before the Fear & Greed Index turns market sentiment to 'Fear' again and makes the majority misjudge the market activity as they always have.

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384

TradingShot Global Channel

20 Dec, 12:53

Will NVDIA rise at the expense of APPLE?

We have seen in the past few days the NVDIA Corporation (NVDA) to be holding its ground better than other tech giants that got more inflated during the recent run like Tesla.

What we've discovered by running some regression tests among top 30 cap stocks, is a very interesting relationship between NVDIA and Apple Inc (AAPL). Though most people might think that the two have completely parallel paths on their growth, we found out that at times, their correlation has been negative.

Our sample data starts 2 years ago from the October - November 2022 market bottom of the Inflation Crisis. As you can see, this is where the first divergence between the two stocks started, with NVDIA rising to spearhead the recovery to a new Bull Cycle, while Apple was lagging behind and falling.

What followed was a period where naturally both stocks rose, which led to the first 'Bear' stage, what we call Phase 2 where both stocks showed a synchronized weakness (with Apple correcting more however).

Then after a recovery for both to their highs, NVDIA formed a Bull Flag, which led to Phase 3 (similar to the late 2022 price action): Apple topped and started falling aggressively, while NVDIA started an impressive rally.

Again a period of price increase for both stocks followed, which has led to a new Phase 2 (July -October 2024). In line with their 2-year pattern, Apple has been rising since the November U.S. elections, while NVDIA has formed a new Bull Flag.

If the price action continues to replicate this model, then we may see a new Phase 3, where Apple starts to correct while NVDIA's Bull Flag leads to a strong rally.

So do you think potential Apple capital outflows will turn into inflows for NVDIA?

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561

TradingShot Global Channel

20 Dec, 09:10

BNBUSD Patience needed. One more month of consolidation before $2350.

Binance Coin (BNBUSD) has been in Accumulation Mode since early March (March 11 1W candle), trading sideways within initially the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line) and since July within the 1st SD above and the 1W MA50 (blue trend-line).

With regards to the 1W MA50 in particular, not only has it been the support since the late December 2023 bullish break-out but was successfully tested and held on the most recent pull-back, the August 05 Low.

This solidifies its position as the Support throughout the remainder of the Bull Cycle, which was in fact also the case during the previous Cycle where BNB had the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB - 1W MA50 zone, which initiated the most aggressive part of the Cycle (parabolic rally). Check also how similar their RSI sequences are.

That rally peaked on the MM 3rd SD above (red trend-line) so a $2350 price tag, which will 'only' come close to the 2nd SD (orange trend-line), appears to be a realistic Target. So in conclusion, BNB investors need to have 1 more month of patience before they see a real rally, as it was on the week of February 01 2021 that BNB's Parabolic Rally started.

As a side-note, check how the Sine Waves serve as an excellent tool in roughly estimating the timing of the Cycle's peak, as it was very efficient during the previous two Cycles. That could be anywhere around June - July 2025.

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589

TradingShot Global Channel

19 Dec, 11:43

US10Y going lower as the Fed has no choice but to continue to cut.

More than 1 year ago (November 7 2023, see chart below), we made a bold (for the time being) call on the U.S. Government Bonds 10YR Yield (US10Y), as against the prevailing market sentiment we gave a sell signal, right after what turned out to be a top:

https://www.tradingview.com/chart/US10Y/iwMqUwCP-US10Y-Extremely-overbought-on-Bearish-Divergence-Sell-longterm/

Today we revisit this pattern, following yesterday's Rate Cut by the Fed because of their statements that instead of 4, they will only proceed to 2 more cuts in 2025. We believe this to be false and expect the Fed to quickly resume the previous outlook.

The chart shows that the 1M RSI Lower Highs have are consistent with the previous Bearish Reversal on the US10Y price, similar to 2006 - 2007. We are expecting to hit the 0.382 Fibonacci retracement level at 2.100%, as the Fed's Cut Cycle will be accelerated in order to meet within 12-18 months their 2% inflation target and stabilize.

For better illustration we have plotted also the U.S. Interest Rate (red trend-line), where you can clearly see that the fractal we compare to today, is right before cuts started in August 2007. Also it is a natural consequence for the US10Y to fall when rate cut cycles start, evident also in June 2019, December 2000, May 1995, May 1989 September 1984, May 1981 etc.

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616

TradingShot Global Channel

19 Dec, 11:26

MASTERCARD Huge sell signal emerged, hit 1D MA50 after 4 months.

Mastercard (MA) has been trading within a 2-year Channel Up that has given us very accurate trades. Our previous signal (April 02, see chart below), was a sell right on the pattern's top that easily hit our $440 Target:

https://www.tradingview.com/chart/MA/KkR0VVNS-MASTERCARD-Short-term-pull-back-has-begun/

Once more we see a long-term Top on this stock as the price almost priced a Higher High and on yesterday's Fed fueled pull-back, it hit its 1D MA50 (blue trend-line) for the first time in 4 months (since August 06).

Apart from that, the 1D RSI has been on a Bearish Divergence of Lower Highs (against the Higher Highs of the Bullish Leg/ dotted Channel Up) since October 18. All such previous Bearish Divergences within this 2-year Channel Up, have started the Bearish Legs (red ellipses) of the pattern, which hit at least their 0.382 Fibonacci retracement levels.

As a result, we have a high probability short signal at our hands, targeting $495.00 (Fib 0.382).

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565

TradingShot Global Channel

19 Dec, 11:19

WTI OIL entered a new bullish pattern on a 4H Golden Cross.

WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern.

The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High.

As a result we expect it to hit at least Resistance 2 and our Target is $72.80.

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497

TradingShot Global Channel

19 Dec, 09:03

BITCOIN Will the Channel Up hold or has the Fed condemned it?

Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago.

As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again.

The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively).

As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000.

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494

TradingShot Global Channel

18 Dec, 12:32

DOW JONES 13-year pattern that never failed eyes $48000.

Dow Jones (DJI) gave us the best bullish break-out signal exactly 1 year ago (December 13 2023, see chart below), as our buy entry at 36577 hit our 42900 long-term Target in October:

https://www.tradingview.com/chart/DJI/5TfXhYLQ-DOW-JONES-Does-this-rally-still-surprise-you/

At that time we made a clear point why that rally 'shouldn't surprise you' and it is because of this pattern's consistency for so many years. This 1W time-frame chart shows the cyclical behavior of the index, which peaks (Sine Wave top), then pulls back and starts forming a Rising Wedge (Sine Wave bottom) and when it breaks above the Rising Wedge, is where it flashed the bullish break-out signal we got a year ago.

As you can see it then starts a gradual rise on the BB20 and completes the Cycle again (Sine Wave top) after roughly a +47% rally. The title mentions that this pattern 'never failed', practically it only broke during the COVID flash crash, which was a non-technical event than occurs once every 100 years. As you can see even the 1W MACD sequences between the cyclical patterns are identical.

As a result, our Target towards the Sine Wave peak is 48000. If this is achieved in Q2 2025, based on Dow's current Channel Up (dashed), then we expect the index to remain on those high levels but turn more neutral sideways towards the end of 2025 and then eventual start of the new Bear Phase.

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580

TradingShot Global Channel

18 Dec, 12:27

TESLA Every pull-back is a buy opportunity. Is $1000 possible?

It was almost 6 months ago (June 26, see chart below) when we made a seemingly unrealistic bullish call on Tesla (TSLA) for the time being, setting $400 as our first Target:

https://www.tradingview.com/chart/TSLA/zjFHqbbZ-TESLA-It-has-begun/

In fact, it was 8 months ago (April 15, see chart below) when we called Tesla's exact bottom, expecting its own 'Meta recovery moment' following lay offs of more than 10% of staff:

https://www.tradingview.com/chart/TSLA/CMHCwrJ6-TESLA-lays-off-more-than-10-staff-Is-this-its-META-moment/

Obviously, you can say that you couldn't see that coming. Tesla not only broke above $400 but is about to hit the next psychological level of $500. In order to make better sense of this logarithmic rise and display it in a more effective way to you, we have borrowed some of our Bitcoin analysis tools: the Pi Cycle and the Mayer Multiple Bands.

What you see on this chart, are the Pi Cycle trend-lines 1 (orange) and 2 (green), which have been key Resistance and Support levels respectively during the majority of Tesla's historic run, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which have historically been the extreme Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Tesla's major Support.

All the above are applied on Tesla's key historic pattern: a Channel Up, defined by its middle Fibonacci retracement levels (0.618, 0.5, 0.382) and its extremes, the -0.382 Fib (caught the June 2019 market bottom) and the 1.382 Fib (caught the February 2014, February 2021 and November 2021 market tops).

At the moment the price just broke above Pi Cycle trend-line 1 (orange) and hit the 0.618 Fib. While this is a strong short-term Resistance cluster and may force some investors to take profits, every such pull-back should technically be a buy opportunity from now on, as the market as already started its Parabolic Rally phase.

As you can see both previous Parabolic Rally phases hit the 1.382 Fib extension extreme, trading on the way up considerably above the 1W MA50 and with the Pi Cycle trend-line 1 (orange) as its loose Support.

Even though another test of that extreme would take the stock to incredibly high capitalization levels and cannot be justified without an applicable expansion of their product lines (from electric vehicles to A.I. and robotics), a $700 - $1000 target range by the end of 2025, doesn't seem so unrealistic if those products hit the market with real world applications.

In any case, every break above the Pi Cycle trend-line 1 (orange) has historically started Tesla's largest rallies (exception of course the March 2020 COVID flash crash, which was quickly recovered), so plan your strategy accordingly.

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515

TradingShot Global Channel

18 Dec, 10:21

BITCOIN Next top is going to surprise you but it SHOULDN'T !!

Bitcoin (BTCUSD) broke yet another benchmark, the psychological level of $100k. The market cap is growing and many claim that it can't keep rising as the capitalization would be at unrealistic levels. For one capital inflows seem to be very comfortable right now with BTC investments and there are still billions waiting at the side for the right investment in 2025.

Fundamentals aside, Bitcoin's historic patterns and price action gives us even more reasons to expect (much) higher prices and a Cycle Top that could surprise many.

** Fibonacci Channel Up **
First of all, we've plotted a Channel Up starting from BTC's first Bear Cycle and displayed the Fibonacci retracement levels on it. As you can see, those fit perfectly and catch each Cycle's tops and bottoms very accurately:

1) June 2011 Top on the 0.618 Fib. November 2011 Bottom on the 0.0 Fib.
2) December 2013 Top on the 1.0 Fib. August 17 2015 Bottom on the 0.382 Fib.
3) December 2017 Top on the 1.0 Fib. December 2018 bottom on the 0.5 Fib.
4) April 2021 Top on the 0.786 Fib. November 2022 bottom on the 0.236 Fib.

** Pi Cycle and MM Bands **
Then we have applied the Pi Cycle trend-lines 1 (orange) and 2 (green), which are key trend Resistance and Support levels respectively, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which are also historically almost the absolute Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Bitcoin's main upward force.

** Covering at least 4 Fib ranges **
As you can see, all Cycles broke above at least the Pi Cycle trend-line 1 (orange) before making a Top. The first two Cycles even hit the MMB SD3 above (red). Also each Cycle has a proportional Fibonacci Channel level range, covering at least 4 Fib bands (as described above). Cycle 1 covered Fibs 0.618, 0.5, 0.382, 0.236 and 0.0. Cycle 2 covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 3 also covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 4 covered Fibs 0.786, 0.618, 0.5, 0.382, 0.236.

** Surprise Top **
The MMB SD3 above (red trend-line) is now below Fib 0.618 and it is less likely for BTC to hit it since Cycle 3 didn't. As a result, it is possible that the next Top will be on Fib 0.5 at best (maximum). If that is succeeded towards the end of 2025, and assuming that the Pi Cycle trend-line 1 (orange) breaks by then as it always has on every previous Cycle, that gives us a target range for the next Cycle Top within $250k - $350k!

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519

TradingShot Global Channel

17 Dec, 12:30

BROADCOM made a Top on the 2year Channel. Potential danger ahead

Exactly 1 month ago (November 18, see chart below) we gave the buy signal on Broadcom Inc. (AVGO), which turned out to be a big success as shortly after the stock catapulted past our $223 Target:

https://www.tradingview.com/chart/AVGO/bBo1Gi66-BROADCOM-Best-buy-opportunity-since-September-for-223/

This time however we share with you an analysis that is calling for profit taking on this amazing rally as technically it is coming to an end. The price hit yesterday the top (Higher Highs trend-line) of the 2-year Channel Up, which has approached another 3 times during that time.

As you can see, the pattern's structured Legs and Phases are cyclical and repeat themselves. The current Top seems to be similar to the previous Highs (orange circles) that initiated the re-accumulation phases before resuming the uptrend for the final top (red circles) of the Bullish Leg.

Both of those pre-Top Highs (orange circles) and their re-accumulation phases that followed, touched the 1D MA200 (orange trend-line) before the final rally of the Bullish Leg. As a result, we won't turn bullish again on AVGO until it tests the 1D MA200 again, which given the aggression of the recent pump, the pull-back could be equally strong.

After the re-accumulation Phase is completed, we will resume our long-term bullish Target of $285.00. That represents a +121.85% rise from the August 05 2024 Low, which is the % rise that both previous Bullish Legs had.

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552

TradingShot Global Channel

17 Dec, 11:36

S&P500 entering a new Bull Cycle according to the Dollar Index

The S&P500 index (SPX) has been rising aggressively since the October 2022 market bottom, as it recovered from the Inflation Crisis of 2022. Despite the All Time Highs (ATH) that it is currently trading at, we have strong evidence based on the U.S. Dollar Index (DXY) that it is entering a new, more structured Bull Cycle.

As you can see on this cross chart analysis on the 1W time-frame, the market has been on a multi-year uptrend with clear Phases, ever since the March 2009 bottom of the 2008 U.S. Housing Crisis. At the same time, the DXY (blue trend-line) initiated its own Channel Up.

Every time the DXY bottomed, the S&P500 transitioned from the more aggressive, recovery phase (blue Arc pattern) of the Bear Cycle to a more structured (green) Channel Up. As long as the DXY remains below its (dashed) Lower Highs trend-line, the uptrend of the Channel Up is being extended. Once broken, the stock market starts to form a top, which is natural as a strong/ expensive dollar is far from ideal for buying risky assets like stocks.

In any case, it appears that the DXY bottomed in late September 2024 and rebounded aggressively. This is rebound is the exact behavior it has when the previous two (green) Channel Up patterns started. As a result, we believe that the S&P500 has ahead of it around 4 years of growth within this Channel Up, whose pull-backs/ corrections will be the cyclical buy opportunities.

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543

TradingShot Global Channel

17 Dec, 10:24

ALTSEASON This is why you shouldn't delay buying alts any more!

Our last Altseason call was exactly two months ago (October 18, see chart below) which turned out to be the exact level that the new rally of the total crypto market cap (excluding top 10) started:

https://www.tradingview.com/chart/OTHERS/AvBfTMka-The-new-ALTSEASON-is-starting-Will-you-miss-the-train/

As you can see, the current Cycle (2022 - 2025) displays incredible resemblances with the 2014 - 2017 period. Their Accumulation Phases during the transition from the Bear Cycle to the Bull are very similar, with the Pivot trend-line initially acting as Resistance and then turning into Support on the first Bull Flag formation. That was the pattern that pulled back to the 0.382 Fibonacci retracement level, tested and held the 2W MA50 (blue trend-line) as Support, which was what gave us our accurate buy call 2 months ago.

Even the RSI and MACD fractals between the two Cycles are identical, with the RSI bottoming on the exact same pattern and the MACD forming a Bearish-into-Bullish-Cross pattern while the market was forming the Bull Flag.

Right now we've entered the Parabolic Rally phase (green Channel Up), where the market should continue to rise without major pull-backs towards the -1.5 Fibonacci extension level. Besides that level, what signaled the market top in January 2018 was the RSI forming a Triple Top and the MACD forming its 3rd Bearish Cross. Use those as additional indicators for exiting with huge profit.

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602

TradingShot Global Channel

16 Dec, 20:27

NVDIA Why buying in December is an excellent strategy.

NVIDIA corporation (NVDA) has entered the 2nd half of December below its 1D MA50 (blue trend-line). On any other occasion that would've been alarming, for NVDIA however this presents the best long-term buy opportunity in a while.

The reason is simple and has to do with the amazing symmetry that the 2-year Channel Up (which NVDIA has been trading in) displays. Despite breaking below the 1D MA50, the price is still contained within the Channel Up, in fact it is very close to making direct contact with its Higher Lows trend-line. That would be a technical bottom, with the last Support marginally lower on the 1D MA200 (orange trend-line).

On this pattern, we can see that the stock's price action is highly systemic and can be classified into the: a) Accumulation Phase (Rectangle) where the market engages into long-term long positioning again after the Channel Up tops (forms a Higher Highs) and b) the Bull Phase (green Channel Up) where the price enters the aggressive rally of the long-term Channel's Bullish Leg.

As you can see, the previous two Bullish Legs have risen by roughly +257.68%, one from the bottom of the Accumulation Phase (Leg 2) and the other from its December bottom (Leg 1). It is also quite evident on this chart that the month of December plays a critical significance for NDVIA. On December 2022 and December 2023 the true rally sequences of the Bullish Legs started.

As a result, we can expect this sideways, neutral price action that the company has been having lately to bottom by the end of December (2024) and initiate the hyper aggressive part of the new Bullish Leg (green Channel Up). Also, even if it repeats the less aggressive pattern of Leg 2 and rises by +257.68% from the Accumulation Phase's bottom, we can expect to see it rise by as high as $320 by this Summer.

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627

TradingShot Global Channel

16 Dec, 20:14

NASDAQ rally still has lots of upside before is tops.

Nasdaq (NDX) is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.

As you see, the previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg already had a strong pull-back early on (August 26 - September 02 1W candles), it may continue to rise up to its target without another correction, assuming the 1D MA100 (red trend-line) holds.

If however it has another pull-back similar to the previous Bullish Leg (March 04 - April 15 2024), then it should rise some more near the 0.236 Fibonacci level and then pull-back.

In any event, the current level is technically a solid long-term buy entry and since both previous Bullish Legs have been around +48%, we expect to see 25300 before the current one tops.

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569

TradingShot Global Channel

16 Dec, 20:09

EURUSD Bottom formation in progress. Strong Buy.

The EURUSD pair has been trading within a nearly 2-year Channel Down. Being below the 1D MA50 (blue trend-line) since October 02 2024, this is technically still the pattern's Bearish Leg.

However, having bottomed on November 22 and transitioned into a (dotted) Channel Up, this is the technical bottom formation of the long-term Channel Down and the rise following a 1D MACD Bullish Cross from such a low level (the lowest in 2 years), confirms that.

The similarities with both previous bottom formations (September - October 2023 and February - March 2023) are obvious, all of them triple bottomed before rebounding above the 0.786 Fibonacci retracement level.

As a result, buying now and targeting 1.08765 (Fib 0.618) is an excellent long-term trade in terms of R/R.

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504

TradingShot Global Channel

06 Dec, 10:55

PALLADIUM has started a massive 3-year rally. Don't miss it.

We first published this Palladium (XPDUSD) chart exactly 4 months ago (August 06, see chart below) and it is the appropriate time to update it now:

https://www.tradingview.com/chart/XPDUSD/MzN89Zrv-PALLADIUM-Will-be-among-the-biggest-winners-of-this-correction/

As you can see, we gave the buy signal exactly on the market bottom which was in fact a Triple Bottom. The rebound broke above the 1W MA50 (blue trend-line), a Resistance that was unbroken since the week of October 10 2022, and technically confirmed the uptrend and the trend reversal from bearish to bullish. The pattern that is carrying this uptrend is a Channel Up and in November in fact, it respected both the Higher Highs and Higher Lows trend-lines.

As mentioned on that August analysis, Palladium formed the very same Channel Up after both previous major market bottoms (Bear Cycles) since the December 2008 bottom of the U.S. Housing Crisis. All Channel Up patterns (the current is the 3rd one), started after the 1W RSI formed Higher Lows against the price's Lower Lows, which is a Bullish Divergence. They broke out once the 1W RSI made the first pull-back on the Arc shapes you see on the chart, indicating a normalization on the initial buying pressure at the bottom.

Obviously, this is a recurring technical cyclical pattern, formed on a 6-year Cycle. With the use of the Sine Waves we can accurately display the previous bottoms (January 11 2026 and December 01 2008) and to a fair extent the tops (we can argue that those are formed on the 3rd Lower High (red circles) on the 1W RSI Lower Highs trend-line).

Needless to say, we still expect Palladium to reach at least the 'Russia-Ukraine war peak' at 3450 by mid 2026 - mid 2027. If you want to go beyond that, technically, it can extend as high as $4780, which would represent a +451.52% rise from the recent 2024 bottom. The previous two Bull Cycles rose by +533.56% and 451.52% respectively, which also represents they high degree of symmetry within Cycles.

In any event, the current levels remain a unique buy opportunity on a 3 year horizon if you are a long-term investor.

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308

TradingShot Global Channel

06 Dec, 10:46

JASMY Emerging 1D Golden Cross can send it to 0.0900

JasmyCoin (JASMYUSD) has been trading within a Fibonacci Channel Up on the 1D time-frame and it currently more than halfway through its new Bullish Leg. Ahead of its first 1D Golden Cross in 1 year (since November 23 2023), the price is pulling back today below the 0.618 Fibonacci retracement level.

This is exactly the same kind of pull-back the previous Bullish Leg had on February 22 2024. As a result, we can use this opportunity to buy at a lower price and target 0.0900. Technically longs are valid until the 1D MACD forms a Bearish Cross (was an accurate sell signal on June 09 2024 and March 05 2024).

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320

TradingShot Global Channel

05 Dec, 11:21

NVDIA Channel Up ready to explode in 2025 for a $350 target.

NVIDIA corporation (NVDA) has started the week on a bullish 1W candle, following last week's reversal pattern. Technically that reversal is being formed exactly at the bottom of the long-term Channel Up pattern that started on the October 10 2022 market bottom.

This 2-year pattern is technically very similar to the Channel Up that started on the weekly bottom of December 24 2018. The similarities between the two patterns are striking. As you can see both started after an oversold 1W RSI (<30.00) touch, which then formed Higher Lows, making the price rebound on the 1W MA200 (orange trend-line). Then, using the 1W MA50 (blue trend-line) as the Support, the 2019 - 2021 Channel Up expanded all the way to the 6.0 Fibonacci extension, until the eventual break below the 1W MA50 and the 2022 Inflation Crisis.

Observe also how similar their 1W RSI sequences are. Right now it appears that we are after a technical pull-back similar to May 10 2021. The 1W MA50 is supporting and the 1W RSI (which has already made a Double Bottom rebound (green circles)) is bouncing off its MA (yellow trend-line) and looking for a break-out above the (dotted) Channel Down.

We have already set two Targets ($190 and $240) for on NVDIA on our previous analysis, but this time we move a little further, making a projection for the end of this Cycle. And the final Target is $350, exactly on the 6.0 Fibonacci extension, the level that formed the November 22 2021 Top.

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410

TradingShot Global Channel

05 Dec, 08:48

BITCOIN Where were you when it broke $100000??

It is officially history! Bitcoin (BTCUSD) finally broke the ultimate (until the next one!) psychological level of $100000. A price tag that was discussed as myth/ desire/ utopia not so many years ago. Perhaps the level that will go down in history as the future global currency's transition from its retail to the institutional phase (thanks Blackrock!) and on its way towards an eventual mass adoption (Amazon, X, Netflix and others are you listening?).

Well this post isn't an analysis. It's a festive one, a well deserved round of victory for HODLers who ignored for so many year the pessimists, the negative ones, the "Bitcoin is a scam", "Bitcoin is a fraud", "Bitcoin is going to zero" ones and kept holding. And those who will keep holding until perhaps $1000000? Who knows? Who can now deny it??

Well, lets have it. In the future you are going to hear the following a lot.

"Where were you daddy/ mommy/ grandpa/ grandma, when Bitcoin broke $100000?"

Indeed, and it will be a valid question. This will be bigger than the classics of why didn't you buy Amazon, Google etc in the late 90s/ early 00s. Or Gold in the early 1900s (yes great grandpa, that's for you!).

So let's wrap it up and this is a call for all of you to answer it in the comments section below:

" WHAT WERE YOU DOING WHEN BITCOIN BROKE $100k??? "

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416

TradingShot Global Channel

04 Dec, 12:45

DOW JONES High Channel Up symmetry points to 46000.

Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days:

https://www.tradingview.com/chart/US30/hZsr6G3K-DOW-JONES-bouncing-on-the-4H-MA200-and-0-5-Fibonacci/

This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line).

As a result, we now set a new Target for the end of the year at 46000.

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452

TradingShot Global Channel

04 Dec, 12:40

WTI OIL Bullish break-out to $76 imminent.

WTI Oil (USOIL) is so far following our last call (November 26, see chart below) on high precision as, after once last pull-back to the Support Zone, it is now rebounding:

https://www.tradingview.com/chart/USOIL/jr7V4WRz-WTI-OIL-crucial-test-on-the-4H-MA50/

As you can see now on this 1D chart, the price hit the 1D MA50 (blue trend-line) today but based on the other 2 November attempts, even a candle close above it doesn't translate into a sustainable break-out.

Contrary to that, however, those 2 attempts weren't supported by a 1D RSI Higher Lows base similar to September's. As you can see that same pattern was that initiated the rebound on the Support Zone that broke above the 1D MA50 and extended even above the 0.786 Fibonacci retracement level and tested the bottom of the 4-month Resistance Zone.

As a result, our $76.00 Target remains intact, which is marginally above the 0.786 Fib and projected to be just below the 1D MA200 (orange trend-line).

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435

TradingShot Global Channel

04 Dec, 09:39

BITCOIN repeating the November 2023 Channel and targets $140k

Bitcoin (BTCUSD) has been trading within a Channel Up in the past three weeks, basically for the majority of the month of November, following the U.S. elections. It may been struggling currently to break above the $100000 psychological barrier but historical patterns are in favor of a break-out as the very same Channel Up was formed exactly 1 year ago and paved the way for the March 14 2024 High.

** August 2023 vs August 2024 **
As you can see basically, BTC's whole sequence since the August 05 2024 Low is very similar to the one that started again a year before that in August 2023. The similarities are uncanny. Both fractals started with an August decline below the 1D MA200 (orange trend-line), bottoming inside a Cup pattern that initiated an Accumulation Process. At the same time, the 1D RSI was waving a Bullish Divergence as it has been rising on Higher Lows.

** Golden Cross to November Channel Up **
A 1D Golden Cross was formed right when the November Channel Up patterns emerged. By that time, the price was already on the 2.0 Fibonacci extension of the August decline. At the moment we are on the stage past a 1D MACD Death Cross, which led to a December bullish break-out to a new High.

** Next step = $140k **
A mere test of the 3.0 Fibonacci extension, would translate to a $140k price tag on Bitcoin. Based on the striking similarities and extremely high degree of symmetry with the pattern a year ago, it may become a reality as early as February 2025.

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559

TradingShot Global Channel

03 Dec, 17:23

SMCI This is why investors should always keep a clear mindset.

It was only a month ago (November 07, see chart below) when we gave a very strong long-term buy signal on Super Micro Computer Inc (SMCI), in the midst of a price collapse following the resignation of their auditor (Ernst & Young) and compliance delays with stock index requirements:

https://www.tradingview.com/chart/SMCI/9LBV9zNx-SMCI-is-85-a-buy-opportunity-while-accounting-issues-continue/

Putting the fundamentals aside, we made this bold call by purely looking at the technicals, which in turbulent times like these (market fear on news) tend to deliver a clearer and more objective picture.

The price had just hit the 1W MA200 (orange trend-line), for the first time in 4 years (since October 26 2020), while reaching Fibonacci level 1.0, which was the former top of the Channel Up for 4 years until it broke and the stock turned parabolic from January 2023 to March 2024. At the same time, the 1W RSI touched the oversold barrier (30.00) for the first time since March 16 2020 and second since October 01 2018, which was the start of the Fibonacci Channel.

As a result, that gave us a very strong buy signal combo, which as you saw was immediately translated into a price rebound. Less than a month after, the stock is about to close the gap of the October 28 2024 1W candle, which was the week of the Ernst & Young collapse. This amount of buying pressure indicates that there were a lot of long-term buyers waiting on the buy zone we identified and assuming SMCI continues to restore faith in their reported accounting practices, are looking for a new multi-year rally.

Our $122.50 Target remains intact for Q3 2025, which is basically the stock's All Time High (ATH). Technically there is room for a 2025 extension within the 3.5 - 4.0 Fibonacci Zone.

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476

TradingShot Global Channel

03 Dec, 17:12

NASDAQ Santa rally starting.

Nasdaq (NDX) has been following the blueprint of the 2020/21 Bull Cycle to high precision so far, as we showed on our analysis almost 4 months ago (August 19, see chart below):

https://www.tradingview.com/chart/NDX/IeWFom0w-NASDAQ-Reality-will-again-hit-those-betting-against-the-market/

As you can see it is already marching towards Target 1 (23250) on the 0.236 Fibonacci retracement level, well inside the Channel Up. We expect that to get hit by the final week of December, which can be translated as the infamous 'Santa rally', a frequent seasonal price increase at the end of the year.

As mentioned, this Channel Up displays strong similarities with the patterns of August 2020 - November 2021 and before the COVID crash of December 2019 - February 2020. All those Channel Up patterns are within the dominant long-term structure of the 6-year Bullish Megaphone.

The key here is for the 1W MA50 (blue trend-line) to hold and continue to offer support, as within those 6 years the only two times it broke were during the corrections of the 2022 Inflation Crisis and the March 2020 COVID flash crash.

As long as it holds, the current Channel Up should, besides the immediate Target 1 (23250), complete the sequence and peak towards the end of 2025 as close to a +185% rise (from the October 2022 bottom) as possible. This is why our long-term strategic Target (2) is a little lower at 27000.

As a side-note, see how well the 1W RSI held and bounced in September on the Symmetrical Support Zone, in similar fashion as 2020 - 2021. Also the 1W MACD displays a similar pattern between the two fractals.

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437

TradingShot Global Channel

03 Dec, 17:01

HBARUSD This rally isn't over yet.

Hedera (HBARUSD) is having a far from impressive rally, as it is rising for 5 weeks non-stop, having so far completed a +820% price increase from the U.S. elections and the November 04 1W candle.

This incredible 5-week green candle streak is technically far from over, as HBAR appears to be repeating the Parabolic Rally of its previous Cycle from January 04 2021 to March 15 2021. This is the closest sequence to today's rally and still the current one is more aggressive!

If HBAR completes that fractal (+1520% rise), then we should see at least $0.6500 before any correction back to the 1W MA50 (blue trend-line).

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436

TradingShot Global Channel

03 Dec, 10:44

TIAUSD Its 1st ever 1D Golden Cross can take it to $46.00!

Celestia (TIAUSD) is ahead of its first 1D Golden Cross in history, which should have been completed by next Monday the latest. Having broken above the Lower Highs trend-line that has dominated the majority of 2024, the only technical obstacle now is the 1W MA50 (red trend-line).

If that breaks, we expect the 1D Golden Cross to deliver a parabolic rally similar to November 2023 - January 2024. That was a +1018.18% rise from the bottom, which gives us a target estimate of $46.00.

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482

TradingShot Global Channel

02 Dec, 12:47

EURUSD Once in a year buy opportunity about to run out.

Last week (November 25, see chart below) we gave an ultimate buy call on the EURUSD pair as the price pierced through the 1.5 year Channel Down and immediately rebounded:

https://www.tradingview.com/chart/EURUSD/c4aZRYdj-EURUSD-Today-s-1D-Death-Cross-turning-into-a-3-month-rally/

As you can see, that was the absolute bottom of the pattern, its technical Lower Low, which happened last time more than 1 year ago, on October 03 2023. The 1-week rally that followed is on a pull-back today as the new week opened and based on the previous two Lower Lows, this might be the final one, i.e. the last buy opportunity we will get before multi-week rally.

More specifically and as far as the October 2023 bottom is concerned, we are on the 1W RSI rebound similar to the week of October 23 2023. At the same time, this matches being on the 1W MACD's 2nd straight pink histogram bar. This indicates that this could be the last red week before the rally.

Our Target remains intact at 1.08765, exactly on the 0.618 Fibonacci retracement level (similar to the November 2023 Fib test).

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507

TradingShot Global Channel

02 Dec, 12:18

XAUUSD Still a great long-term buy opportunity targeting +$3000

Gold (XAUUSD) has been following our Bull Cycle projection since 4 months back (August 05, see chart below) having risen an incredible +15%, from 2424 to almost 2800:

https://www.tradingview.com/chart/XAUUSD/yCX6bc4Z-XAUUSD-Bull-Cycle-still-intact-targeting-above-3000/

As you can see by the chart we constructed back then, despite the recent correction in November, the yellow metal is still a buy opportunity as this was only a technical pull-back based on our Bear - Bull Cycle model.

We have first come up with this technical pattern on April 04 2024 and the basis was the similarities (so far) of the July 2016 - August 2020 Bear-to-Bull Cycle with the Bear Cycle that followed the August 2020 Top and so far the current Bull Cycle.

As you can see, once the 1W MA50 (blue trend-line) turned to a Support at the end of the Bear Cycle, it held up until the Bull Cycle's Top and every pull-back was a buy opportunity. More specifically, the current November correction looks very similar to the COVID flash crash on March 2020 that touched the 1W MA50 and immediately rebounded.

The key pattern here lies on the 1W RSI. As you see, once that broke above the 70.00 overbought barrier, while Gold was on the Bull Cycle's Channel Up, it started to decline inside a Channel Down. That technical Bearish Divergence (RSI Channel Down against Gold's Channel Up) affected the price on the 3rd top (Lower High), which was the Cycle's peak.

Right now it appears that the 1W RSI has (or is near) bottomed and is staring that final Bullish Leg to the Lower High that will form Gold's new Bull Cycle Top. Technically this should be after April 2025 and if it is formed again upon the completion of a +85.42% rally from the Bear Cycle's first bottom and at most the 3.0 Fibonacci extension, then we are still expecting a $3100 target.

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491

TradingShot Global Channel

02 Dec, 12:13

S&P500 This Inflation Cheatsheet shows no correction in 2025.

This is a chart we first posted almost 4 months ago (August 14, see chart below) at the time of a CPI date release, where we viewed the S&P500 index (SPX) against Inflation (red trend-line) and calling for an immediate buy:

https://www.tradingview.com/chart/SPX/rcaYwC9p-S-P500-Inflation-below-3-1st-time-since-2021-Must-the-FED-cut/

** The 1W MA50 as the ultimate Support **
Well the price jumped +11% since then from 5440 to over 6000. The first principle of this chart is that as long as the 1W MA50 (blue trend-line) is supporting, investors should stay bullish. This is because all previous multi-year rallies since August 2011 that started within a Channel Up, ended upon a 1W candle close below the 1W MA50 and transitioned into a Megaphone pattern for the new Bear Phase.

** Declining Inflation fueling stocks **
Right now we are still on a declining Inflation trend, very similar to early 2014 (ellipse shape on Inflation), while the 1W RSI of SPX is declining inside a Channel Down. This is a Bearish Divergence, which during all previous SPX Channel Up patterns, didn't make the index top until the RSI broke below its 41.50 Support (notable exception of course the March 2020 COVID flash crash which was a one in 100 years Black Swan event).

** SPX Target and timing **
As a result, while the 1W RSI trades within its Channel Down and above 41.50 and all price candles close above the 1W MA50, we expect the index to extend the multi-year uptrend to 6900, which would represent a +95.84% rise from the October 2022 bottom, similar to the February 2015 High. Notice that the December 2021 top was also of a similar magnitude (+103%).

As far as timing is concerned, we have calculated a model based on the 1W RSI top and the start of its Channel Down. As you see at that point, SPX always makes a medium-term pull-back (red Arc). This tends to be within the 0.382 - 0.618 time Fibonacci levels and on the 2011 - 2014 Bull Cycle, that was within the 0.382 - 0.5 Fib zone. As a result, applying this principle on the current Bull Cycle, the trend is now just 2 months past the 0.618 time Fib and we can expect a Cycle Top around December 2025.

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510

TradingShot Global Channel

02 Dec, 09:20

BITCOIN $150k doesn't seem so unrealistic now, does it?

Almost 4 months ago (August 14, see chart below), we made a bold prediction of a Bitcoin (BTCUSD) target at $150000 by early 2025, while the price was still at $60k:

https://www.tradingview.com/chart/BTCUSD/mWBvFFmS-BITCOIN-Can-it-reach-at-least-150k/

This was received with a lot of skepticism at the time but with the price now almost on the $100k psychological barrier, the idea looks more and more realistic. It is time to revisit this chart and made some slight modifications based on the price action that was followed.

The price is now off the 0.786 - 1.0 Fibonacci range where it consolidated from March 2024 until October 2024. The enormous rise/ break-out is attributed of course to a large extent on the U.S. elections and the euphoria that followed. We are only 1 month outside this range and the price is already much higher.

Last month's candle is very similar to November 2020 and May 2017. In comparison, that was when the most aggressive (parabolic) rallies of those Bull Cycles started. In 2017 from May to December, it was on a 71.5° angle. On the next Cycle from November 2020 to April 2021, it was on a 68.5° angle, i.e. 3° lower. If that's a progression by any means, then we can assume that the 2024 - 2025 parabolic rally could be on a 65.5° angle (-3° from the previous Cycle). That gives a potential target of $300k as early as May 2025, assuming we could have a Double Top Cycle as in 2021.

In any case, it will be interesting to see if the current Cycle also makes a blow-off top (like the last two) outside/ above the Channel Up that started back on the December 2013 High. Unrealistic as it may seem now, the $150k Target is very plausible technically as it is just below the top of that multi-year Channel Up. If the $300k blow-off top (red Arcs) comes, then all the better, but a long-term investor may consider to start taking profits while the price is inside the Channel Up and starts being cautious once we break above it in the red Arcs.

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543

TradingShot Global Channel

29 Nov, 11:28

VISA flashing a short-term sell signal.

Visa Inc. (V) has been one of our most accurate recent stock predictions (August 29, see chart below), as it is about to complete the buy signal we gave on the Channel's bottom to a +27.36% rise and hit our $320.00 Target:

https://www.tradingview.com/chart/V/24LBKOlJ-VISA-Best-buy-opportunity-since-2022/

Needless to say, if you took that call, evaluate your options as the profit is already enormous. Moving forward, specifically zooming in on the 1D time-frame, we can see that Visa is flashing its first sell signal in a while.

The price isn't only almost at the top of the 2-year Channel Up but more importantly, the 1D MACD has completed a Cup sequence on a Bearish Cross, similar to all early corrections at the start of this Channel.

As you can see all MACD Bearish Crosses were followed by pull-backs of similar size with the minimum being -7.30%.

As a result, we can expect the stock to hit and even break below the 1D MA50 (blue trend-line) at $295.00 (-7.30% decline), which would be also near the 0.382 Fibonacci retracement level (similar to the December 22 2022 Low).

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726

TradingShot Global Channel

29 Nov, 11:28

PLATINUM Enormous buy opportunity at the bottom of the Channel Up.

Platinum (XPTUSD) has been trading within a Channel Up for almost 1.5 year and currently it is testing the pattern's bottom. This process is similar to the Lower Lows bottom sequence of February 12 2024.

As you can see, even the 1D MACD fractals are the same and we are about to post the decisive Bullish Cross that signals the buy. As long as the price remains below the 1D MA50 (blue trend-line), it is a huge long-term buy opportunity.

The previous Bullish Leg hit the 1.236 Fibonacci extension within the Channel Up and peaked above it on the 1.5 Fib ext. As a result, our technical Target is on the modest 1.236 Fib at 1090.

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615

TradingShot Global Channel

29 Nov, 11:27

EURCAD Strong medium-term buy opportunity.

The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target:

https://www.tradingview.com/chart/EURCAD/nlZnvWI3-EURCAD-Sell-continuation-signal/

This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross.

As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High.

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605

TradingShot Global Channel

29 Nov, 09:16

ETHEREUM Is it copying Bitcoin's 2014/17 Cycle towards $50k???

Ethereum (ETHUSD) hasn't yet made a new All Time High (ATH), in contrast to Bitcoin (BTCUSD) but that isn't necessarily a negative development as it can highlight its enormous upside potential.

** ETH 2022/25 vs BTC 2014/17 **
A idea that strengthens this notion is today's analysis where you see ETH's current (2022 - 2025) Cycle against BTC's 2014 - 2017. As you can see so far the two Cycle's have been very similar with Ethereum replicating both the Bear Cycle and so far the majority of Bitcoin's past Bull Cycle.

** The Phases **
For more efficient comparison purposes, we have classified the Cycle in phases with the start being the bottom formation (Green Phase) below the 1W MA200 (orange trend-line) and within the 0.236 - 0.0 Fibonacci Zone. That gives way to the 1st rally (Blue Phase) within the 0.5 - 0.236 Fib with the 1W MA50 (blue trend-line) established as the Support. What follows is the 2nd Rally (Orange Phase) within the 0.786 - 0.5 Fib Zone and consolidation.

** October Bullish Cross and $50k?? **
The October 1W MACD Bullish Cross (Oct 2016 for BTC, Oct 2024 for ETH) signals the transition to the final stage (Yellow Phase) of the Bull Cycle, the Parabolic Rally to new ATH. For Bitcoin that peaked near the 2.382 Fibonacci extension. If that seems unrealistic for Ethereum's price today (the 2.382 Fib is just above $50k!!) in terms of market cap (and rightly so) just consider the impact that the ETFs' capital inflows have on the market. It remains to be seen, but nonetheless, ETH has enormous upside from here onwards and we're sure that even a +100% rally from the current price would be welcomed by the majority of the market.

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632

TradingShot Global Channel

28 Nov, 11:40

COPPER bottomed and a huge rally is expected to start.

Copper (HG1!) has been trading within a Channel Up for 1.5 year (since May 2022) and is consolidating at the moment on the 1W MA50 (red trend-line) very close to the pattern's bottom. This is in fact a Double Bottom formation that is similar to the September 28 2022 Low.

As you can see both fractals had a 1W MA50 Double Bottom with their 1D RSI sequences also following an identical trend. The 2022 bottom initiated a rebound that hit the 0.786 Fibonacci retracement level. As a result, our Target as of now for Copper is 4.900.

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625

TradingShot Global Channel

28 Nov, 11:39

CHFJPY expected to bottom soon. Unique long-term buy opportunity.

The CHFJPY pair has been trading within a long-term Channel Up pattern for more than 2 years (since the September 22 2022 High). More recently on September 16 2024, the price bottomed on its Higher Lows trend-line and the subsequent rebound to the 0.786 Fibonacci retracement level, initiated a new pull-back that broke yesterday below its 1D MA200 (orange trend-line).

This is identical to the Channel's previous bottom formation in January 2023. The rebound that followed also got rejected near the 0.786 Fib and retraced all the way to the 0.236. Then it started a relentless Bullish Leg all the way to the 2.0 Fib extension. Even the 1W RSI sequences between the two fractals are identical and we are at the point where the RSI is about to break below its MA and give the buy signal.

As a result, we turn bullish on the CHFJPY pair, targeting 188.000 (near the top of the Channel Up).

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583

TradingShot Global Channel

28 Nov, 11:32

BITCOIN Happy Thanksgiving with history on Bulls' side!!

Happy Thanksgiving to everyone! As every year, we pay our tribute on this day with a historic run of Bitcoin (BTCUSD) on Thanksgiving days! Last year (see chart below) we made a $80000 call for today and we couldn't be happier that the market surpassed that:

https://www.tradingview.com/chart/BTCUSD/biXc7Osh-HAPPY-THANKSGIVING-Let-s-see-Bitcoin-s-price-on-this-date/

This year we bring you a (much) simpler fact and that's the number of bearish signals on that day. Bitcoin has lived through 14 Thanksgiving days (excluding of course today) and only 3 have resulted in immediate bearish activity (2021, 2014 and 2013). Even the November 23 2017 Thanksgiving that was near the Cycle top, gave another 3 years of +150% gains before peaking.

You can see the previous Thanksgivings by scrolling left through the chart but it is obvious that due to BTC's cyclical behavior, the vast majority of Thanksgiving is an excellent time to invest. And today is no different as we still have almost another full year of Bull Cycle ahead of us (even more so its most aggressive part!).

Whatever trading actions you decide to make today, we wish you a blessed Thanksgiving!

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624

TradingShot Global Channel

21 Nov, 13:07

ELI LILLY has at least +50% upside from here.

Eli Lilly (LLY) has been trading within a 5-year Channel Up and last week closed below its 1W MA50 (blue trend-line) for the first time since the week of March 06 2023. Despite the bearish pressure of this Bearish Leg since July 15 2024, that last 1W MA50 closing was the previous Higher Low at the bottom of the Channel Up.

The 1W RSI is on a similar level (just below 40.00) with all previous 4 major bottoms and the common characteristic of all was that the stock broke below the 1W MA50 but managed to keep clear and hold the 1W MA100 (green trend-line), practically the most important Support level of the market.

If you want a confirmed buy entry, you might want to wait for yet another Bullish Cross on the 1W MACD (as it happened on all previous bottoms), otherwise this buy opportunity is good to go for at least +58% from the bottom (minimum rise among those 4 Bullish Legs). Our Target is $1135.

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230

TradingShot Global Channel

21 Nov, 13:03

USDCAD top of Channel Up rejection. Strong sell.

The USDCAD pair has been trading within a long-term Channel Up pattern since the July 14 2023 Low and on Monday it hit its top (Higher Highs trend-line) and got rejected. This is a similar peak to November 01 2023, with the 1D RSI turning downwards as well on an early sell signal.

Initially, we expect at least the 1D MA200 (orange trend-line) to be tested, so our Target is 1.37300.

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222

TradingShot Global Channel

21 Nov, 09:50

BITCOIN rally cant get caught anymore and SPXRUT ratio shows why

It's beyond doubt now that Bitcoin (BTCUSD) has started the new Parabolic Rally (PR), technically the most aggressive phase of the Bull Cycle. We've made numerous analyses in the past explaining on time why we expected this break-out to take place after 7 months of accumulation.

What we bring to you today is the SPX/RUT ratio, the correlation of the S&P500 (SPX) and Russell 2000 (RUT) indices against BTC and how it confirms that this rally will now accelerate to a pace that it won't be easy to get caught (i.e. bought).

The SPX/RUT ratio is displayed by the blue trend-line. The ratio is particularly helpful during Bitcoin's Parabolic Rally phase as their correlation is mostly a negative one, meaning when the ratio falls, Bitcoin rises. On this chart, this correlation is present on a cyclical basis. This means that during every Cycle, it displays a behavioral pattern that is common.

The key characteristic here is the Lower Highs pattern that the ratio forms every Cycle around the Halving time. As you can see, when SPX/RUT peaks (red circle) and starts forming Lower Highs, Bitcoin stars its Parabolic Rally (green arc). On the 1st Lower High, BTC's rally is already underway and has entered the stage where due to the sheer buying pressure and aggression, getting an entry is difficult. The Lower Highs on SPX/RUT also signify a shift from big capitalization stocks to low, i.e. an increasing appetite for riskier assets and that transcends to the Bitcoin market as well.

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401

TradingShot Global Channel

20 Nov, 11:48

GBPJPY First 1D Golden Cross after 19 months. Strong BUY.

The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the current formation is very similar to the April 2023 one.

As you can see, both were trading within a Channel Up up to the moment of the Golden Cross, having started after a 1W MA100 (red trend-line) test. The 1D CCI trading on Higher Lows below -100.00 (oversold) is a confirmation that the price Channel Up breaks aggressively to the upside.

The previous Golden Cross pushed the price just above the 3.0 Fibonacci extension, to a +18.40% rise. Throughout this time, the 1D MA50 (blue trend-line) was supporting the uptrend.

As a result, we turn long now on GBPJPY, targeting 215.000 (just above the 3.0 Fib extension).

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392

TradingShot Global Channel

20 Nov, 11:42

DOW JONES bouncing on the 4H MA200 and 0.5 Fibonacci.

Dow Jones (DJI) found Support yesterday exactly on its 4H MA200 (red trend-line), after just a brief break of the 0.5 Fibonacci retracement level. The dominant pattern has been a Channel Up since the August 05 Low and within it, every 0.5 Fib test from the previous Low, has been the most effective buy entry as it started the new Bullish Leg.

The technical symmetry within this pattern is astounding as every Bullish Leg hit its 1.236 Fibonacci extension, completing a +8.30% rise. The ROC Higher Lows indicates that a rebound should be expected right now.

We haven't had a 1.236 Fib extension since the elections Low, so naturally take this 4H MA200 / 0.5 Fib bounce to buy if you haven't and target 45000 (also +8.30% rise).

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365

TradingShot Global Channel

20 Nov, 11:29

BONKUSD going at least x10 from here!

Bonk (BONKUSD) just formed a Golden Cross on the 1D time-frame and having broken above its current ATH Resistance (March 04 High), it is expected to rise parabolically from here.

To back this up, that is exactly what took place after the previous 1D Golden Cross a year ago (November 08 2023), when again the price broke above Resistance 1 and turned parabolic to the 3.0 Fibonacci extension, completing a +20200% rise from its bottom.

If a new +20200% rise seems unrealistic to you (it would however form a perfect Higher High at the top of the long-term Channel Up), then you can target the 3.0 Fibonacci extension at $0.0006650, which represents a +1100% rise from the current levels. A x10 opportunity indeed.

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368

TradingShot Global Channel

19 Nov, 13:12

NASDAQ targeting 25400 in the next 6 months. Don't miss this!!

Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below):

https://www.tradingview.com/chart/US100/RlXU1VVq-NASDAQ-New-Bullish-Leg-targeting-20900/

As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are.

Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023.

This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least.

This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon.

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402

TradingShot Global Channel

19 Nov, 13:08

WTI OIL 4H RSI Bullish Divergence sending a strong buy signal.

WTI Oil (USOIL) stopped yesterday's rebound on the 4H MA50 (blue trend-line) and is now on a small pull-back. Technically that is the Resistance level it needs to break if it wants to break-out aggressively towards the long-term Resistance Zone.

There are high probabilities of doing so, as the 4H RSI formed Higher Lows, which is a Bullish Divergence against the Lower Lows of the price. In fact, it is the exact same formation as the October 01 Low that rebounded aggressively above the 0.786 Fibonacci retracement level.

As a result, we are bullish on this one, targeting $76.00 (the 0.786 Fib currently).

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377

TradingShot Global Channel

19 Nov, 09:44

BITCOIN Pi Cycle Theory aiming at $120k at least!

Following Bitcoin's (BTCUSD) new All Time High in the aftermath of the U.S. elections, we've established on previous posts that we've entered the final year (12 months) of this Bull Cycle. This is clearly visible by the use of the Sine Waves as shown on this 1W chart.

** Pi Cycle **
The new aspect we're bringing to you today is the Pi Cycle indicator, which has proven to be as consistent as any other at projecting the long-term price action of Bitcoin. As you can see every Cycle Top has been considerably above the Top Pi Band (red trend-line) and we're currently trading $30k below where this level is now. This means that it is only a matter of time for BTC to 'attack' $120k and break it.

** 1W RSI kickstarting the aggression **
We are at a point where the new rally phase that started after the price tested, held and rebounded on the 1W MA50 back in early August, will start getting more and more aggressive. The final bullish signal was given last week after the 1W RSI closed above 70.00 (vertical orange dashed line). As you can see, during the previous two Cycles, every time Bitcoin closed the 1W RSI above 70.00, the Cycle peaked 54 weeks later (roughly 365 days). There is no reason to expect otherwise this time also, as this projected date (week of November 24 2025) falls exactly on the Sine Wave's Top.

Notice also that during the most aggressive part of the Parabolic Rally, the 1D MA100 (blue trend-line) tends to Support. And before that, when that crosses above the Bottom Pi band (green trend-line), the indicator gives a confirmed buy signal for the whole Cycle.

** Timing the market is everything **
The question now is how high can the price get? Well according to those estimates, a peak above the Top Pi Band can be anywhere within the $150k - $200k range, and that could be a conservative estimate. But lucky enough, with technical tools like the one we present to you today, we can time the market (thus our exits/ sells) almost perfectly and get out as high as possible, without having an absolute Target in mind.

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416

TradingShot Global Channel

18 Nov, 13:41

BROADCOM Best buy opportunity since September for $223.

Broadcom Inc. (AVGO) hit its 1D MA100 (green trend-line) on Friday for the first time in more than 2 months (since September 11). This is the best buy opportunity since then as the dominant pattern remains the Bullish Megaphone.

On top of that, it appears that we are currently within a Bull Flag, similar to the one that was completed when the 1D MA100 was hit and held last time on April 19 2024. The 1D RSI sequences between the two fractals are also very similar. That Flag initiated a price rebound above the 2.5 Fibonacci extension.

As a result, we turn bullish on AVGO again, targeting $223.00.

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434

TradingShot Global Channel

18 Nov, 13:36

S&P500 completed a 0.5 Fib correction. Strong buy opportunity.

The S&P500 index (SPX) reached on Friday the 0.5 Fibonacci retracement level, a technical correction that started after the price made a Higher High at the top of the 2-month Channel Up. The 1D MA50 (blue trend-line) has been tested (and held) already on the day of the U.S. elections, so now we are technically still on the new Bullish Leg of the pattern.

As you can see, since the April 19 2024 bottom and the start of the even longer Bullish Megaphone pattern, every time a pull-back stopped within the 0.382 - 0.5 Fib range, the index resumed the bullish trend towards the -0.618 Fib extension. The 1D MACD with its Bullish and Bearish Crosses, is also illustrating this symmetry.

As a result, we believe that the current pull-back is over and we are now targeting 6210, which is within to potential -0.618 Fib targets.

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397

TradingShot Global Channel

18 Nov, 13:32

EURUSD Bottom made. Now rally until end of year.

The EURUSD pair eventually fulfilled all of our bearish signals since the September top, with the most recent one (November 11, see chart below) successfully hitting our 1.05300 Target:

https://www.tradingview.com/chart/EURUSD/wJZIDaKY-EURUSD-The-sell-off-isn-t-over-yet/

We are now shifting to a long-term bullish sentiment after a long time, as the price finally reached the 1.05185 - 1.04500 Support Zone, which is holding for almost 2 years (since early January 2023).

The 1W RSI is virtually identical to the July - September 2023 Bearish Leg, on which we based all of our sell signals, as it was identified from early on that the similarities between the two were strong (1D chart).

Now that the 1.236 Fibonacci extension got hit, we expect the bullish reversal to reach at least the 0.5 Fibonacci level, as it happened on November 20 2023. As a result, our Target is currently 1.09400.

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382

TradingShot Global Channel

18 Nov, 13:28

XAUUSD 1D MA100 hit after 9 months! Expect ATH if it holds.

Gold (XAUUSD) eventually broke below the 1D MA50 (blue trend-line) last week and our bearish break-out signal easily hit the 2650 Target:

https://www.tradingview.com/chart/XAUUSD/P1zTEwdy-XAUUSD-trading-plan-with-focus-on-the-1D-MA50/

As you can see that was exactly on the 1D MA100 (green trend-line), what we claimed is the first long-term Support level. In fact that 1D MA100 test was the first touch in 9 months (since February 15 2024).

Technically, as long as it holds, we are expecting the long-term Channel Up to rebound on this Higher Low and start the new Bullish Leg towards a Higher High, which will be a new All Time High (ATH) for Gold.

The 1D MACD is reversing and if it forms a Bullish Cross, it will be the confirmation of the Bullish Leg. The last time actually it formed one this low (below 0.0), the Bullish Leg that followed reached the previous Resistance and then pulled-back again to the 1D MA50.

As a result, we are now targeting the previous Resistance level at 2790. If however we get a 1D candle closing below the 1D MA100, we won't hesitate to book the small loss again and reverse to a break-out sell, targeting a potential contact with the 1D MA200 (orange trend-line) at 2440.

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396

TradingShot Global Channel

18 Nov, 13:11

CARDANO Imminent Resistance break-out on a 1D Golden Cross to $1.400

Last time we looked at Cardano (ADAUSD) was on September 24 (see chart below), when we called for the strongest buy signal in a year:

https://www.tradingview.com/chart/ADAUSD/EVXLxnl7-CARDANO-flashing-the-strongest-buy-signal-in-1-year/

It couldn't have been more timely as we went from a 0.3690 price to 0.8200, a +120% rise. This High is also testing the March 14 2024 High, currently Resistance 2. The market just formed a 1D Golden Cross and last time it had one was exactly 1 year ago (November 18 2023). Soon after Resistance 2 broke and the price reached a little above the 2.0 Fibonacci extension. Even the 1D RSI is on a similar fractal.

As a result, once ADA closes a 1D candle above Resistance 2, we will target $1.400 (Fibonacci 2.0 extension).

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423

TradingShot Global Channel

15 Nov, 22:34

XRPUSD has started the cyclical parabolic rally.

XRP (XRPUSD) is having this week the strongest 1W candle since July 10 2023. The long-term pattern is a 6-year Triangle (since January 01 2018) and with the weekly rise, it is about to test its top (Lower Highs trend-line). The 1W MA50 (blue trend-line) is supporting this uptrend, which is technically the Cycle's Parabolic Rally.

In 1W RSI terms, the current price action appears to be similar with the March 20 2017 and November 2020 break-outs. Note also that as the 1W RSI broke into the overbought (>70.00) territory, this is technically the 1st of two tops, with the second (red circle) marking historically the Cycle's Top.

The Sine Waves catch very effectively the current RSI overbought High (green circle) so there is a remarkable frequency between the Cycles, which confirms that we are currently just starting the new rally.

We expect to test at least the 1.97500 April 2021 High.

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648

TradingShot Global Channel

15 Nov, 12:37

TESLA Will it turn the former 2-year Resistance into Support?

Tesla (TSLA) fulfilled our August 15 buy signal (see chart below) as after the minor pull-back we expected, it rose aggressively on its new Bullish Leg of the 2-year Channel Up and came close to a new Higher High:

https://www.tradingview.com/chart/TSLA/GSJQtf2e-TESLA-starting-an-aggressive-bullish-reversal-to-380/

The correction of the past 4 days may be one last great short-term buy opportunity as it hit yesterday the former Resistance Zone of July 2022. If it holds, it will turn into its new technical Support Zone, thus will be an additional buy for out $380.00 Target.

Beyond that we need to see the ATH break before formulating a new strategic plan on the pattern that will emerge.

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622

TradingShot Global Channel

15 Nov, 12:37

NZSDUSD Bottom of the 1-year Rectangle. Strong buy.

The NZDUSD pair gave us a solid sell signal on our last idea (September 04, see chart below) as it respected the 1-year Rectangle pattern, stayed within its Resistance and Support levels and easily hit our 0.6000 Target:

https://www.tradingview.com/chart/NZDUSD/4F2J5J8o-NZDUSD-Strong-sell-opportunity/

The price hit yesterday the top of the 1-year Support Zone (0.58500) and is reacting today positively with the first green 1D candle in 6 days. The 1D RSI has double bottomed on the 30.00 oversold barrier as on April 14, so we have a strong case for going long with huge reward and limited risk. Notice how we are about to form a 1D Death Cross and the last two such patterns coincided with the bottoms on the Support Zone.

As a result, we are now long, targeting 0.6200, which is considerably below the 0.786 Fibonacci retracement, the level that all previous Bullish Legs hit.

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523

TradingShot Global Channel

15 Nov, 12:33

GBPUSD Start thinking of buying. Will find support soon.

The GBPUSD pair couldn't have given us a better sell signal last time we looked into it (October 09, see chart below) as it broke first below the 1D MA50 (blue trend-line) then the Bullish Megaphone and is very close to our 1.2550 Target:

https://www.tradingview.com/chart/GBPUSD/LOh8MLvd-GBPUSD-Will-it-hold-the-1D-MA50/

We are approaching the stage where selling becomes far riskier than buying as the pair is approaching the 0.786 Fibonacci retracement level, which on the September - October 2023 fractal (that has been the basis of our previous sell strategy), formed the bottom and initiated a Channel Up to the (orange) 0.618 Fib.

Even the 1D MACD indicates that we are probably a few days before this bottom is formed and will be confirmed with a Bullish Cross.

As a result, we are prepared to take this long and target 1.3100 (the 0.618 Fib).

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517

TradingShot Global Channel

15 Nov, 10:50

BITCOIN Riding the 1DMA50 wave is the best strategy you can have

Bitcoin (BTCUSD) has had an enormous bullish break-out to new All Time Highs (ATH) following last week's U.S. elections. The past 2 days have seen this massive rally turn sideways and as always a certain part of market participants have started calling for big corrections or even bear markets. Once again we will let simple charting show why this sideways price action is nothing but a short-term and mostly necessary consolidation.

** November 2020 vs November 2024 **
This analysis is a comparison of BTC's October 2020 - April 2021 rally with October 2024 - today. We've made idea regarding those time periods in the past but this time we bring a more aggressive picture on the 1D time-frame.

As you can see, on both fractals the 1D RSI started with a Channel Up while the price was still trading sideways/ consolidating within the 1W MA50 (red trend-line) and the Resistance level. That was the first sign of the upcoming Parabolic Rally, which was confirmed after the price broke above the Resistance.

BTC formed a Channel Up itself and right now we are on the November Bullish Leg and its consolidation phase (circle) that has been evident on both fractals. The 2020 - 2021 rally lasted for 164 days after November 01 and rose by +395%.

** The key role of the 1D MA50 **
Even if these time and price lengths aren't replicated, the key here for traders and investors alike is this: From October 09 2020 up until April 18 2021, BTC neve closed a 1D candle below its 1D MA50 (blue trend-line). It was the 1D MA50 that fully supported this 6-month rally, giving excellent buy entries for those seeking dip buying opportunities or those who simply wanted to hold onto their BTCs for as high as possible.

** Just ride the wave **
As a result, a viable and confirmed strategy at this stage of the Cycle (if you don't want to trade the volatility and buy low/ sell why) could be to just sell when finally a 1D candle closes below the 1D MA50. This is what we effectively call 'riding the 1D MA50 wave'.

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500

TradingShot Global Channel

14 Nov, 13:49

MOGUSD Aggressive bullish break-out taking place.

MOG Coin (MOGUSD) has been trading within a Falling Wedge pattern and for the 2nd time in a week broke yesterday above its top (Lower Highs trend-line). This rebound is taking place after the 1D MA50 (blue trend-line) held.

The whole sequence is identical to the Falling Wedge where the price accumulated before the February 2024 rally. As you can see even their 1D RSI fractals are identical. The rally that followed the bullish break-out extended to the 3.0 Fibonacci extension and rose by +11.180%.

If the current sequence continues to replicate that pattern, we expect to see 0.000035 by January 2025 the latest.

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560

TradingShot Global Channel

14 Nov, 13:27

META can turn bearish if it fails to break this Channel.

Our previous call on Meta Platforms (META) was on July 26 (see chart below), almost 4 months ago when we gave a strong long-term buy signal on the 1D MA200 (orange trend-line):

https://www.tradingview.com/chart/META/I7xwxDsz-META-History-repeating-Double-Bottom-leading-to-800/

Despite the excellent timing of the call, we has seen in the past 30 days that the price action has diverged from the model and the current Bullish Leg of the Channel Up isn't as strong as the previous two inside a 2 year span that each rose by +95%.

The price has instead turned sideways, mimicking the price action of the two Accumulation Phases that emerged after each of the Bullish Legs topped. The 1D RSI being on a Bearish Divergence (Channel Down already) technically agrees with that, so if you followed our July buy call, it might be best to book the handsome profit now and wait.

What to wait for? Well it all depends on a new pattern that has emerged, a Diverging Channel Up (dashed trend-lines). As long as the price is trading inside it, there is greater probability to give us a lower buy entry near the 1D MA200 (orange trend-line) again. In that case we will take it and target the top of the Diverging Channel Up at $660.

In the event that the price breaks above the Diverging Channel Up, we will buy the bullish break-out and pursuit the previous $800 Target as that would mean that the original 2-year Channel Up remains the underlying pattern dictating the long-term movement of the stock.

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514

TradingShot Global Channel

14 Nov, 13:23

USDJPY Bullish Cross on 1W MACD will push it higher.

The USDJPY pair is having an excellent bullish run since our September 25 buy signal (see chart below), which was right at the bottom of the 2-year Channel Up:

https://www.tradingview.com/chart/USDJPY/UqN9yzCT-USDJPY-Excellent-multi-month-buy-opportunity-here/

We're approaching our 161.800 long-term Target much faster than we expected but we've identified this time a short-term opportunity that can go along with the long-term one. We are past a 1W MACD Bullish Cross and when the previous Bullish Leg formed one on April 14 2023, the price (which was already within a Channel Up) didn't stop the uptrend. On the contrary it extended it up until a little after a 1D Golden Cross was formed.

As a result we can target additionally 160.000 within a 2-month time-frame.

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440

TradingShot Global Channel

14 Nov, 13:15

DOW JONES 4H Golden Cross extending the rally.

Dow Jones (DJI) gave us an excellent pre-election buy signal (October 29, see chart below) as it bottomed on the 0.5 Fibonacci retracement level and just below the 1D MA50 (red trend-line), in similar fashion as the September 11 Low, which then rallied to the 1.236 Fib extension:

https://www.tradingview.com/chart/US30/raJ23yBo-DOW-JONES-Bottom-is-being-formed-Buy-for-44000-immediate-Target/

As you can see, we hit our 44000 Target, which was again the 1.236 Fib ext, but a new bullish possibility emerges. The 4H RSI is about to turn bearish (below 45.00) after being overbought (above 70.00) for 7 days. Last time this happened was on August 22, the fractals are virtually identical. During that time, the price made a Higher Low and continued to peak after a +8.30% rise in total.

After another 0.5 Fib correction, the next Bullish Leg if the 3-month Channel Up was also +8.30%, indicating that there is high symmetry between the Legs of this pattern. Notice also the presence of a 4H Golden Cross both on the current as well as on the August Leg.

As a result, since we still have some distance before completing a +8.30% Bullish Leg increase, we go long again as long as the 4H MA50 (blue trend-line) holds, targeting 45000.

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445

TradingShot Global Channel

13 Nov, 13:51

BITCOIN buying pressure indeed stronger than any Cycle before!

Three months ago (August 12, see chart below) we published our view on Bitcoin (BTCUSD) claiming that on the current levels and compared to the relative stages it was in previous Cycles, the bullish trend was stronger than ever before:

https://www.tradingview.com/chart/BTCUSD/DHGsXbB5-BITCOIN-is-right-on-track-and-even-stronger-than-previous-Cycles/

At the time the price was 'just' at $59k and yesterday it touched the $90000 level. This shouldn't surprise you as the pattern has been 'playing out' in a similar way to both the 2019 - 2021 and 2015 - 2017 Bull Cycles.

In fact it is so strong that we now need to readjust the green parabolic channel of the current (2023 - 2025) Bull Cycle to a more aggressive pattern in order to fit the enormous rally that started in September.

As you can see this comparison with the previous Cycles suggests that BTC can reach at least the -0.618 Fibonacci extension, which is a little over $170000, like the other two did. It also highlights how the current Cycle has been more aggressive than the previous as the price reached the All Time High faster (March 2024) than the previous two but also the amazing symmetry among them as the current (final) parabolic rally that started on the August 05 2024 bottom took place 90 weeks (630 days) after the November 2022 bottom. As you see both in 2020 and 2016 the final parabolic rally also started 90 weeks after their respective Cycle bottoms.

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492

TradingShot Global Channel

13 Nov, 13:43

AMAZON Minor pull-back and then off to $240.

Amazon Inc. (AMZN) has been following our bullish signal within the Channel Up we indicated on August 23 (see chart below) very accurately and is halfway through to our $240.00 long-term Target:

https://www.tradingview.com/chart/AMZN/NKMiLfro-AMAZON-Only-a-break-above-the-1D-MA50-remains-240-on-sight/

This is also confirmed on the lower time-frames, namely the 1D on this chart, where the stock can be seen trading within a Channel Up and having started its most recent rebound on the 1D MA50 (blue trend-line).

The first Bullish Leg of the Channel Up, pulled-back to the 1D MA50 (and Fib 1.0) after approaching the 1.382 Fibonacci extension level and then rebounded aggressively to hit (and even break) the 2.0 Fibonacci extension. Even the 1D CCI sequences between the two fractals are quite similar.

As a result, we don't dismiss the possibility of a 1D MA50 pull-back but that will be another buy opportunity on Amazon's way to $240.00.

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476

TradingShot Global Channel

13 Nov, 13:38

S&P500 Eyeing 6180 on this diverging Channel Up.

The S&P500 index (SPX) has been trading within a Channel Up pattern since the July 27 2023 High. More recently it has been following a shorter (dotted) Channel Up since the August 05 2024 Low, which made its most recent Higher Low on the 1D MA50 (blue trend-line) the day before the U.S. elections.

The rally that followed since, hit the top of the 1-year Channel Up but the current 2-day red streak may not be a rejection to the new Bearish Leg (red Channels) as the (dotted) diverging Channel Up is on its 2nd Bullish Leg. If it is similar in strength to the September - October one, then we expect to see 6180 short-term.

As you can see, every Bullish Leg of the 1 year Channel Up has consisted of two smaller buy highly symmetric Bullish Legs, all of which look very similar with each other (black sequences).

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491

TradingShot Global Channel

13 Nov, 13:32

US10Y 1D RSI Bearish Divergence signals a long-term sell.

The U.S. Government Bonds 10YR Yield (US10Y) has been trading within a Channel Down pattern since the December 27 2023 Low. The price is above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and is approaching the patterns top.

The 1D RSI is already making a bearish reversal though, having posted Lower Highs against the price's Higher Highs, which technically is a Bearish Divergence. As a result, we expect the Bullish Leg to top soon and then reverse to the Channel's new Bearish Leg.

The previous one made a Lower Low at the bottom of the pattern on the 1.2 Fibonacci extension level and as a result our Target is just above it at 3.500%.

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343

TradingShot Global Channel

13 Nov, 13:30

AUDUSD Sell the dead cat bounce.

The AUDUSD pair gave us an excellent sell opportunity last time on our bearish signal (September 18, see chart below) as it got rejected marginally above the 1.5 year Resistance Zone and broke below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line):

https://www.tradingview.com/chart/AUDUSD/IiAlEIrn-AUDUSD-Any-post-Fed-spike-will-be-a-great-sell-opportunity/

This is so far consistent with all three previous sell sequences that reached the 1D RSI oversold (30.00) barrier. If the symmetry continues to hold, then we should be expecting at least a +2.62% counter-trend rebound and then another rejection towards the 1.382 Fibonacci extension.

As a result, we remain bearish on AUDUSD but need to move our Target a bit higher at 0.64500 (despite the gravity of the 2-year Higher Lows trend-line and the Support Zone) in order to match the 1.382 Fib.

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357

TradingShot Global Channel

12 Nov, 11:08

WTI OIL forming multi-year bottom. $115 rally expected.

WTI Oil (USOIL) is trading below its 1M MA200 (orange trend-line) for the 4th straight month. The fact that it hasn't made a new Low yet, is a sign of strong long-term buying pressure here, hence a Support base.

Technically the price is forming the new multi-year bottom of this Cycle, similar to the below 1M MA200 bottom formation during November 2001 - January 2002. As you can see, those two decade long patterns are very similar in terms of price action, something that is also visible on their 1M RSI fractals.

The fact that a 1M Golden Cross was formed last May, makes the sequence even more bullish. The 2002 bottom initiated a rally, which in 1.5 year hit the Resistance Zone that was in place for more than 10 years. This time we have a Resistance Zone that goes back to 2011 and last time it rejected the price in March and June 2022 during the Ukraine - Russia war peak.

When the price breaks the 1M MA50 (blue trend-line) again and closes above it, we may have an even stronger rally (fueled by inflationary forces of course, as the Fed continues their Rate-cut Cycle), as long as the 1M candles keep closing above the 1M MA50.

In any case, our Target for the next 12 - 18 months is $115.00 (just inside the Resistance Zone).

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413

TradingShot Global Channel

12 Nov, 11:07

GOOGLE Enormous upside confirmed by a 1W Bullish Cross eyes $235.

Alphabet Inc. (GOOG) has been trading within a 2-year Channel Up since the October 31 2022 bottom of the Inflation Crisis Bear Cycle. Having already started the new Bullish Leg of the pattern following the rebound on the 1W MA50 (blue trend-line), the price completed last week a MACD Bullish Cross on the 1W time-frame, the first since March 25 2024. That was halfway through the previous Bullish Leg.

The 2-year Channel Up has only given us another 3 such MACD Bullish Crosses, so this is in fact a strong and rare bullish signal. As you can see, so far we've had two major Bullish Legs within the Channel Up, both topped after roughly +60% price increases and both reached at least the 2.382 Fibonacci extension measured from their respective corrections.

Since the 2.382 Fib extension is this time considerably above the Channel Up, it is only natural to assume that yet again the Bullish Leg may complete a +60% rise from the September 09 bottom.

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403

TradingShot Global Channel

12 Nov, 10:57

ETHEREUM Is this the parabolic rally to $11500?

Ethereum (ETHUSD) gave us the perfect bottom buy entry on its 1M MA50 (red trend-line) last time we gave a signal on it (September 03, see chart below):

https://www.tradingview.com/chart/ETHUSD/DfEkP53S-ETHEREUM-Closed-August-above-1M-MA50-keeping-bullish-case-alive/

As you see this time on the 1W time-frame, following the last week the price saw the strongest weekly candle rise of the whole Bull Cycle, breaking and closing above its 1W MA50 (blue trend-line) for the first time since July 29 2024.

On top of that, the 1W MACD completed last week a Bullish Cross, the first since October 30 2023 (i.e. a year ago). That Cross was the final buy signal confirmation of the very aggressive multi-month rally that topped in March 2024. As a result, the current Bullish Cross should also be treated the signal we've been waiting to confirm the new Bullish Leg.

This time however, we are at this stage of the Bull Cycle where 4 years ago during the previous one, ETH started its Parabolic Rally, the most aggressive part of the Cycle. As you can see, in November 2020 the price was also above the 1W MA50, the 0.5 Fib and past a 1W MACD Bullish Cross. Also 1000 days have past since the previous Cycle Top, similar to this time also.

The rally that started then (Nov 2020) peaked marginally above the 1.5 Fibonacci extension, forming a top of the Higher Highs trend-line. As a result, we can expect ETH to target a new Cycle Top at $11500 (Fib 1.5 ext).

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419

TradingShot Global Channel

11 Nov, 14:40

NASDAQ Extremely bullish for the next 30 days.

Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern.

As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level.

We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact.

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445

TradingShot Global Channel

11 Nov, 14:36

EURUSD The sell-off isn't over yet.

The EURUSD pair is extending the sharp sell-off after the most recent bearish signal upon the 1D MA100 (green trend-line) rejection. This is practically the same sideways Zones we talked about almost a month ago (October 14, see chart below):

https://www.tradingview.com/chart/EURUSD/LQIu1zIJ-EURUSD-Bearish-trend-intact/

The price broke below the 1-year Higher Lows trend-line that was the last 'hope' for a bullish reversal and should now extend the bearish trend even lower. The 1D MA100 rejection was also a rejection on the 0.5 Fibonacci retracement level and as you can see this is identical to the August 31 2023 rejection. That was half-way through a Channel Down (also starting from the Resistance Zone) that eventually targeted the 1.236 Fibonacci extension.

As a result, we remain bearish on this pair, targeting 1.05300 (Fib 1.236 extension), unless the 1D RSI hits 25.00 (oversold), in which case take profit regardless, as this RSI reading preceded the October 03 2023 bottom.

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422

TradingShot Global Channel

11 Nov, 14:33

XAUUSD trading plan with focus on the 1D MA50.

Gold (XAUUSD) is on the 2nd straight red day following Friday's rejection, which is in contrast to Thursday's promising rebound and green 1D candle it showed on the 1D MA50 (blue trend-line).

Technically, as long as the 1D MA50 holds, the trend remains bullish within the 5-month Channel Up and our 2800 Target remains intact. As you can see, especially if we observe the 1D RSI fractals, it is a similar (a-e) sequence to the February 14 - May 01 2024 uptrend. Right now it appears that this is phase (e) on the 1D MA50 with the RSI in the lower levels of neutrality (almost bearish).

If on the other hand Gold closes a 1D candle below the 1D MA50 (which will be the first time since July 02, more than 4 months), we will take the small loss on the buy and short instead, targeting the 1D MA100 (green trend-line), with a current Target at 2560 (but can change to adapt on the 1D MA100).

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416

TradingShot Global Channel

08 Nov, 13:29

COINBASE Ahead of an enormous bullish break-out.

In recent times, we have focused on Coinbase's (COIN) long-term potential on higher time-frames (1W) like the one below (September 09) where we gave a great buy signal on the absolute bottom of the 2-year Channel Up:

https://www.tradingview.com/chart/COIN/AQVnZMbv-COINBASE-at-the-bottom-of-the-20month-Channel-Will-it-go-lower/

On today's analysis we look into the 1D time-frame as Coinbase is about to test its longest 2024 Resistance, the Lower Highs trend-line that started after the March 25 2024 High. With added bullish pressure by the 1D MACD Bullish Cross formed 2 days ago, if this Lower Highs trend-line breaks, we can technically have a very aggressive rally.

The September 06 bottom can be seen as the start of the Head of an Inverse Head and Shoulders (IH&S) pattern, which has a standard Target on the 2.0 Fibonacci extension. That is just above $340. As a result, if the Lower Highs trend-line breaks, you can take additional buys to target $340.

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344

TradingShot Global Channel

08 Nov, 13:23

DXY topped on the 1-year Channel Down. Enormous downside potential.

The U.S. Dollar index (DXY) has been trading within a Channel Down pattern since the October 03 2023 High (13 months) and yesterday got the first red 1D candle after almost touching the pattern's top (Lower Highs trend-line) the day before.

As the 1D RSI has dropped significantly after being overbought 2 weeks ago, this is a very similar top formation to the Highs of April 16 2024 and October 03 2023. As a result this is the earliest possible sell entry we can take to target long-term the new Lower Low of the Channel Down.

The previous two Bearish Legs priced their Lows after roughly a -6.00% to -6.25% decline, just above the 1.1 Fibonacci extension. As a result, our Target is 99.800.

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303

TradingShot Global Channel

08 Nov, 13:22

USDCHF Short-term Channel Up targeting 0.88120

The USDCHF pair is following very accurately our September 17 projection (see chart below) and is already half-way through our 0.90500 Target:

https://www.tradingview.com/chart/USDCHF/S4f5IQLX-USDCHF-Great-long-term-bottom-buy-opportunity/

As mentioned then that was a long-term bottom buy opportunity, but that doesn't mean shorter ones don't exist on the lower time-frames. On this chart, we've identified one on the 4H time-frame where the price got rejected at the top of the October Channel Up and pulled back to the 0.382 Fibonacci retracement level.

This resembles the October 08 0.382 Fib rejection, which was also contained above the 4H MA50 (blue trend-line) and resumed the uptrend all the way to the -0.236 Fib extension. As a result, our short-term Target is 0.88120.

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293

TradingShot Global Channel

08 Nov, 09:36

DOGEUSD Its Parabolic Growth Channel targets minimum $3.500.

Dogecoin (DOGEUSD) is having an excellent bullish run since our last buy signal (October 17, see chart below), hitting all targets in the process:

https://www.tradingview.com/chart/DOGEUSD/Mx7ppPH0-DOGEUSD-Hit-its-1DMA200-Rejection-or-breakout-Pick-your-poison/

As the price broke above Resistance 2 as well, we now zoom out to the long-term charts again (1W time-frame) where Doge's historic trend is more clearly displayed. The underlying pattern that it may have gone unnoticed is a Parabolic Channel, which we call Doge's Parabolic Growth Channel (PGC).

This Channel encompasses all of Doge's Cycles and only broke once (to the upside) peaking during last Cycle's mania (April 2021). Furthermore, this week the 1W MA50 (blue trend-line) will complete a cross above the 1W MA200 (orange trend-line), forming the 1W Golden Cross, technically a very bullish pattern.

The last time this was formed was on the week of December 28 2020, right when the Bull Cycle's Parabolic Rally (green Rectangle) started. That reached the 1.618 Fibonacci extension and as mentioned rose even further, breaking above the PGC. The 1.618 Fib is of high importance as this is where the January 01 2018 High of the first Cycle was priced.

At the same time, the 1W RSI is already on a Bullish Cross since the week of October 07 2024, which is exactly what happened again during the previous two Cycles, where it preceded the Golden Cross of the price.

As a result, we believe that Doge has started its Parabolic Rally, the final and most aggressive part of the Bull Cycle, and based on the previous 1.618 Fib peaks, we are expecting at least a $3.500 High.

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327

TradingShot Global Channel

07 Nov, 11:37

SMCI is -85% a buy opportunity while accounting issues continue??

Super Micro Computer Inc (SMCI) still haven't found a new Auditing Firm, after it was announced last week that Ernst & Young left them raising governance and management communication issues. Yesterday's Low represents almost a -85% drop from the March $122.50 All Time High (ATH). So is this level a bargain and a buy opportunity for long-term investors?

Well while the company hasn't filed the necessary paperwork to meet the regulatory requirements to remain listed on the stock market and no auditor is hired to confirm and signs their reports, investor confidence will remain low (to say the least). It appears that SMCI has turned into the new short favorite for Hedge Funds and that's never ideal.

Technically though, the stock hit yesterday its 1W MA200 (orange trend-line) for the first time in 4 years (since October 26 2020)! With that contact, the price initiated a strong multi-week rally that made a new High. This is a textbook buy for long-term investors. Of course it is all about risk and money management and since regulatory risks remain, the capital invested best to be less than usual.

Another technical factor supporting a buy on these levels is the 1W RSI, which got oversold (<30.00) for the first time since the weeks of March 16 2020 (almost 31.50) and October 01 2018 (U.S. - China trade wars). Both these times, SMCI kick-started enormous rallies.

The October 01 2018 bottom in particular is the starting date of the Fibonacci Channel Up on this chart, which encompasses SMCI's logarithmic growth these past years. As a result the company has only experienced 3 major long-term buy opportunities with the most recent 4 years ago.

At the same time, yesterday's Low didn't only make contact with Fibonacci 1.0 of the Channel Up (i.e. the initial top until the price turned parabolic and broke-out) but also almost touched the 0.382 horizontal Fib level, starting all the way from October 2018.

It is obvious that purely from a technical perspective such levels are as good as a buy can get. Proper risk management and an exit strategy are needed (in case of delisting) and long-term investors can be patient and take their time to target the $122.50 High again for enormous gains (could take even 1 year).

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389

TradingShot Global Channel

07 Nov, 11:26

WTI OIL targeting the 1D MA200 at $76.50

WTI Oil (USOIL) managed to close yesterday above its 1D MA50 (blue trend-line) despite breaking below it intraday. Even if we see a pull-back like September 25-26, Oil is more likely to test the 1D MA200 (orange trend-line) as since the August 12 High, the market is practically ranging between the Support and Resistance Zones. Our Target is $76.50.

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352

TradingShot Global Channel

07 Nov, 11:15

AAVEUSD at the top of the Channel Up. Going parabolic if broken.

Aave (AAVEUSD) has been trading within a Channel Up pattern since Triple Bottom formation on the Bear Cycle Support Zone. This Channel has technically served as the Accumulation Phase of the Bull Cycle, a prolonged process that ends when such patterns break.

Technically the price is the closest to its top (Higher Highs trend-line) since the week of March 11 2024 and the fact that the 1W MACD has invalidated a Bearish Cross this high with the incredible rise since yesterday, is an early sign that the time to break above the Channel Up has come.

If it does, be ready to buy as the minimum technical Target would be the $670.00 ATH.

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365

TradingShot Global Channel

06 Nov, 11:42

BITCOIN made new ATH during elections and the rally has only just begun!

Bitcoin (BTCUSD) is marching towards our 88k short-term Target as we called on October 16 (see chart below):

https://www.tradingview.com/chart/BTCUSD/6Dk8O7gd-BITCOIN-One-year-later-the-pattern-is-repeated-and-leads-to-88k/

As the U.S. elections have now been concluded with Trump's victory, we can now once more focus on the long-term horizon, particularly looking 1 year ahead.

Basically, the last time we looked at this pattern was back in August 14 2023 (see chart below), where we used the KSI indicator on the 3W time-frame, which has just made a Bullish Cross, to call the upcoming parabolic rally correctly:

https://www.tradingview.com/chart/BTCUSD/PKYU0Mof-BITCOIN-This-is-the-last-barrier-standing-before-going-parabolic/

This time we bring to you the last bullish signal of the upcoming multi-month Parabolic Rally, which is the 2W LMACD that is about to form a Bullish Cross. As you can see such a Cross was formed exactly on the November 08 2016 U.S. elections (Trump's 1st win), and a few months before the November 03 2020 elections. What followed was the most aggressive rally (green Rectangle area) of the Bull Phase (green parabolic channel) that started when the price broke above the 2W MA50 (blue trend-line).

As a result, we expect BTC to rise aggressively from here, entering the post-U.S. elections bullish phase that may very well exceed the $100k psychological barrier, as we've shown in previous analyses.

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466

TradingShot Global Channel

06 Nov, 11:32

TRUMP is the 47th President! Is this bullish for the markets?

Donald Trump is the new (47th) President of the United States, coming into office for his 2nd time. The practical question on the investor's mind is of course how will the stock markets react?

Even though there is no definitive way to approach this, the fact that Trump will resume power for a 2nd term, gives us a historic data set to have grounds for comparison. Fundamentally anything can be discussed on policies and strategies etc but technically the picture is more objective.

As you can see on this Dow Jones (DJI) chart displayed on the 1W time-frame, Trump's 1st Presidential win was on November 08 2016. At that time, the market was trading within a Channel Up that started after a 1W MA200 (orange trend-line) double test on January 19 and February 08 2016. Right before the Elections, the index experienced a natural 'Pre-election volatility' phase.

The picture during the current election period isn't very different from 2016. As you can see, Dow started a Channel Up pattern after a 1W MA200 test and half-way through the year started to experience the usual 'Pre-election volatility' phase. During that time both in 2024 and 2016, the 1W MA50 (blue trend-line) was supporting and stayed intact. Notice how even the 1W RSI sequences between the two fractals are similar from the time the Channel Up started until the elections.

So naturally you are asking what does that mean for us moving forward? Well after the November 08 2016 elections and Trump's 1st win, Dow started to rise aggressively immediately and by March 2017 it almost reached the patterns top (Higher Highs trend-line) before the new medium-term relief pull-back. The post-election Bull Phase was concluded in January 2018, upon completing a +71% rise from the Channel's bottom and 7.0 Fibonacci extension from the volatility phase.

So if symmetry acts its part, we may see 47000 by March 2025 and 55000 (+71% from the October 2023 bottom) by the end of 2025. Is this projection definitive? Of course not, nothing is 'absolute' in investing/ trading. But history has shown that the stock market has reacted more than positively after the U.S. elections, particularly in the case of a Trump win.

What do you think? Will Trump's 2nd term be bullish?

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410

TradingShot Global Channel

05 Nov, 17:19

NASDAQ The rally is still at its start. Extremely high upside post elections.

Exactly 3 months ago (August 05, see chart below) when Nasdaq (NDX) erased the gains of 3 months and was sold-off to its 1W MA50 (blue trend-line) we posted the following idea using the 2-year Fibonacci Channel Up on the index, claiming that it was the best buy entry in recent months:

https://www.tradingview.com/chart/US100/ZU5imtYQ-NASDAQ-erased-3-months-of-gains-Is-this-a-Bear-Market/

The buy turned out to be very effective as the index rebounded aggressively and last week made a 3-month High. Ahead of the U.S. elections today and the natural short-term volatility that they will inflict on the market, we decided to bring that chart forward again, as it will help keep an unbiased long-term perspective that will filter out the short-term noise.

As you can see the index held its 1D MA50 (red trend-line) last week despite the sharp pull-back. The price remained within the 0.382 - 0.5 Zone of the Fibonacci Channel, while the 1W RSI is holding its MA (yellow trend-line). Every time the index got in a similar situation within this Channel Up, it still had much upside left before it topped.

At the same time, we are just below the 0.5 Fib level of a projected +47% rise from the August bottom (sequence of Bullish Legs since the start +49%, then +48%, next +47%), a symmetric pattern showing the strong potential of the index, as long as the 1W MA50 (blue trend-line) holds.

For the 1st Stage of the current Bullish Leg, we have a minimum Target of 22500 for the end of the year, which represents the rally that the May 27 2024 and January 01 2024 pull-back rebounds had that held the 1D MA50. As for the full length of the Bullish Leg, which is our long-term Target, we still expect the index to complete a +47% and reach 25400.

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448

TradingShot Global Channel

05 Nov, 12:01

TROYUSD turned Parabolic. Buy on the next pull-back.

Troy (TROYUSD) broke last week above the Lower Highs trend-line of the Accumulation Phase of the Bull Cycle and even though it failed to close the 1W candle above it, the current week started with extremely strong buying pressure that topped last week's High.

Even though we will need the closing above the Lower Highs at the end of the week, the current buying pressure confirmed that the trend has turned parabolic. It is technically similar to the January - February 2021 rally that turned parabolic and reached as high as the 1.786 Fibonacci extension.

Having formed at the same time a Bullish Cross on the 1W MACD, we expect a minor pull-back as on February 15 - 22 2021 that will allow for a better entry. Our Target is naturally the 1.786 Fib at 0.012000.

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467

TradingShot Global Channel

04 Nov, 15:14

BITCOIN fully supported targeting $170k after the ATH breaks.

Exactly 3 months ago (August 05, see chart below) when the price was on the 1W MA50 (blue trend-line), having hit it for the first time since the week of March 12 2003, we claimed that this was the last stand for Bitcoin (BTCUSD) if the market wanted to maintain the Bull Cycle, as based on the previous 3 Cycles, it was the absolute supporting trend-line:

https://www.tradingview.com/chart/BTCUSD/BDcneDnp-BITCOIN-Is-this-a-BEAR-or-a-BULL-Cycle-This-is-the-last-stand/

The 1W MA50 eventually held not once but twice and that gave way to a rally that last week tested the 73800 All Time High (ATH). That is incredibly bullish, especially only two days before the U.S. elections, as from the historic patterns we've shown you before, a Parabolic Rally has started after each election.

So according to our August comparison chart, if history is repeated, BTC is looking towards at least the 1.618 Fibonacci extension from the ATH, which is roughly a little over $170k.

But what do you think? Are you expecting the ATH test to start a massive rally similar to all previous Cycles? And if so, is $170000 a realistic Target? Feel free to let us know in the comments section below!

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4,668

TradingShot Global Channel

04 Nov, 15:07

EURUSD targeting 1.0500 after the 1W MA100 rejection.

Late August (Aug 26, see chart below) saw us emphasizing the critical role of the Lower Highs trend-line, being the top of a multi-year Falling Wedge pattern that started at the peak of the 2008 Housing Crisis, and its important on the long-term trend, with a break-out being bullish while a rejection being bearish:

https://www.tradingview.com/chart/EURUSD/5cLWwbr0-EURUSD-approaches-mother-of-all-Resistances-from-the-2008-crisis/

The price was eventually rejected exactly at the top and at the same time the 1W MA100 (green trend-line), which did the July 2023 rejection. That rejection initiated a correction back to the Symmetrical Support Zone of 2015.

As a result, we expect EURUSD to gradually descend towards that Zone and by mid 2025, hit 1.0500.

Notice also that the 1W RSI also got very close to its 15-year Resistance Zone. This has triggered in the past more brutal sell-offs.

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3,739

TradingShot Global Channel

04 Nov, 15:01

XAUUSD Long term selling can start as early as now. Target 2550.

Almost 3 months ago (August 19, see chart below) we gave a bullish medium-term signal on Gold (XAUUSD) that almost hit our 2800 Target last week:

https://www.tradingview.com/chart/XAUUSD/iC2qgfqS-XAUUSD-made-HISTORY-above-2500-for-1st-time-ever-What-s-next/

We are high enough to take profits as the target was missed by just 10 points. On top of that, the price is very close to what we consider the absolute top potential of this pattern (Fibonacci level 1.0 at 2900), so from a R/R perspective the return isn't worth the risk.

In addition the 1W RSI is deeply overbought (above 80.00), which is always a bearish sign, even on the medium-term. But this exact 1W RSI overbought (Double) Top, was seen on the August 03 2020 High, which was the Top of the previous Cycle.

As you can see this cyclical pattern frequency holds since 2016 and based on the last Cycle alone, we can sell and initially target the 1W MA50 (blue trend-line) and the 0.786 Fibonacci retracement level at 2550. On the longer term, we can expect a bottom on this sequence closer to the 0.618 Fib (Target 2 at 2350).

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3,950

TradingShot Global Channel

04 Nov, 14:52

S&P500 Can you envision it at 20000? This is why most investors fail!

If you follow us through all those years then you know how fond we are of long-term patterns. Especially those of a multi-year perspective that can offer maximum reliability and as close to a flowless projection as it can get.

The current chart (1M time-frame) on the S&P500 index (SPX) is no exception and you might be no strangers to it as we've published it on April 10 2024 (see chart below) when the price was still at 5200 (against 5700 now):

https://www.tradingview.com/chart/SPX/FChPP6sX-S-P500-Bull-Cycle-intact-100-year-long-Blueprint-revealed/

That was at a time of high market uncertainty after a strong start to the year and as we were entering the bearish seasonality of Summer. This rise however should come as no surprise to those that can read charts and market behavior objectively. As we mentioned at the time, this is a long-term perspective that gives you the picture unfiltered with the facts only.

What you see on this chart is S&P's Cycle Analysis on a century wide scale from the rally in 1921 that led to the Great Depression. Since that 'mother of all recessions', the stock market started to create a pattern of clear systemic behaviors. Each time there are fundamentals involved that merely serve as 'reasons/ excuses' to fill out and complete this pattern.

** Great Depression: 1st Bull Cycle **
Following the 1932 Great Depression bottom, the 1st Secular Bull Cycle begun, that lasted for 28.5 years (343 months) rising by +1888%. Then the Secular Bear Cycle started in the form of a Megaphone pattern. Its 1st Low was formed below the 1M MA100 (green trend-line) and the 2nd Low (the Cycle's bottom) was formed below the 1M MA200 (orange trend-line).

** Vietnam War to High Inflation: 2nd Bull Cycle **
The 2nd Secular Bull Cycle lasted for almost 26 years (311 months) and saw +2361% growth. As per our blueprint, the Secular Bear Cycle was initiated once the 1M MA50 (blue trend-line) broke. Again the 1st Low was formed below the 1M MA100 and the 2nd Low below the 1M MA200.

** Post 2008 Housing Crisis: 3rd Bull Cycle **
With regards to the current Cycle, which is what most are interested at naturally, notice how the 1M MA50 has been supporting since late 2011. It emphatically held both on the September 2022 Low (Inflation crisis bottom) and the March 2020 Low (COVID crash bottom). This indicates again that as long as it supports, the Secular Bull Cycle will be extended.

Based on the previous Cycle-to-Cycle parameters the model suggests that the current Cycle should be a little than 23 years long (279 months, i.e. 32 month shorter than the previous) and rise by +2834% (+473% higher than the previous).

That gives us a rough target for the S&P500 of around 20000 estimated to take place by 2032!

** New updates: Price and Time Fibonacci levels **
What we've added on the current updated analysis relative to the on in April 2024, are the Fibonacci levels both on the x (time) and y (price) axis.

As you can see, the S&P is currently exactly on the 0.618 Fib price axis and between the 0.618 - 0.786 Fib time axis. That is a highly symmetric correlation with roughly the year 1992, right at the start of the Dotcom Bubble that led to the 2000 burst and subsequent crisis. The index was again on the 0.618 Fib price axis and within the 0.618 - 0.786 Fib time axis.

Telegram doesn't let us fit the whole analysis on one post.
Continue reading on our Tradingview channel:
👉 https://www.tradingview.com/chart/SPX/g0hXrk8u-Can-you-envision-S-P500-at-20k-This-is-why-most-investors-fail/

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3,735

TradingShot Global Channel

04 Nov, 14:42

AMD Can it survive this horrific week?

On August 13 (see chart below) we called the start of the new long-term Bullish Leg of Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded:

https://www.tradingview.com/chart/AMD/ii2nlKDe-AMD-Road-to-295-has-begun/

Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held.

As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds.

It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle.

Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone.

Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern.

We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target remains $295.00.

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4,400

TradingShot Global Channel

01 Nov, 08:35

XLMUSD Still accumulating but November starts the parabolic rally.

Stellar Lumens (XLMUSD) has been trading below its 1W MA50 (blue trend-line) since the week of April 08, consolidating in what is technically a wide Accumulation Phase on every Cycle below a Lower Highs trend-line.

Having entered November today though, sparks a wave of optimism in the market as historically on a 4-year frequency, this month is very bullish as the Cycle's Parabolic Rally starts. What basically confirms it is a break above the Lower Highs trend-line and of course the 1W MA200 (orange trend-line), which always have emphatic rejections (July 10 2023, August 17 2020, September 16 2019) during the first stage of the Bull Cycle.

As a result, it is a good time to buy now that the price is close to its 2-year lows. Naturally the Target can't be above the All Time High Zone (consisting of the last to Cycle Highs), our take is its bottom at 0.800.

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4,844

TradingShot Global Channel

31 Oct, 17:47

BITCOIN Closed 2 straight green 1M candles after 7 months!

Bitcoin (BTCUSD) is closing today the monthly (1M) candle and unless it drops by 7000 in a few hours, it will close the month of October in green. That will be the 2nd straight green 1M candle since March!

This 7 month consolidation period is no stranger to BTC as such patterns, where there are no straight green 1M candles, are standard Accumulation Phases that we see during Bull Cycles. So far on the current one we've had three (including March 2024) and once the market closed 2 straight green 1M candles, it rallied.

The 2019 - 2021 Bull Cycle had three such straight green candle occasions and a very clear Accumulation Phase, while the 2015 - 2018 Cycle had numerous. One thing is clear based on this multi-year chart. When the market closes two straight green 1M candles, it is always a good signal to buy.

But what do you think? Do you find this indicator reliable? Are you buying based on this? Feel free to let us know in the comments section below!

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4,264

TradingShot Global Channel

31 Oct, 11:18

NVDIA Don't miss this opportunity. Can even reach $240.

NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:

https://www.tradingview.com/chart/NVDA/X95F0e0F-NVDIA-Is-this-35-correction-enough-to-be-a-buy-opportunity/

Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.

As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).

Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.

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4,882

TradingShot Global Channel

30 Oct, 12:37

S&P500 Bottom expected this week. New bullish phase to 6500 starting.

The S&P500 index (SPX) has a red 1W candle last week, its first after 6 straight green. This was a much needed technical correction on a rally that has been holding since the August 05 low, while on the longer term it's part of a Channel Up that since last October (2023), hence a year ago, is being supported by the 1W MA50 (blue trend-line).

We've identified a similar pattern, essentially an identical price action that started after the March 2020 COVID bottom and extended all the way to the November 2021 peak. It appears that relative to that Channel Up pattern, we are about to complete this week step (e), which on May 17 2021, it priced the 2nd straight red week and then resumed the uptrend.

Technically, as long as the 1W MA50 holds, we remain inside a Bull Phase. The symmetry between the two fractals is striking, both have ascended by +43.46% up to step (e). If this symmetry continues all the way to the top, then that could be at a +62.37% rise from the Channel's bottom.

As a result, this gives us a 6500 Target (at least) by Q2 2025.

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3,828

TradingShot Global Channel

30 Oct, 09:27

BITCOIN Gaussian Channel telling you the rally has already started.

Bitcoin (BTCUSD) is illustrated here on the 1W time-frame from the 2011 Cycle until today. We've used the Gaussian Channel (GC) after a long time and the reason is simple. Since the August 05 2024 Low, it has been supporting the uptrend up to today's test of the All Time High (ATH).

** Gaussian October support every 4 years **
This continuous support is a critical feature moving forward as every time the GC held at this stage of the previous Cycles (October 2020, 2016 and 2012), BTC started its final (and most aggressive) Parabolic Rally of the Cycle.

** Resistance turned Support **
What's equally interesting is that during those stages, the price also re-tested and held the former Resistance (of the previous Higher High), turned it into a Support (while the GC held) and bounced to the Parabolic Rally. This is a remarkably consistent feature taking place every 4 years!

** The green GC length matters **
Now as to the GC in more detail. What we want you to keep from it, is that the green part of the GC has lasted in the previous Cycles 123, 144 and 148 weeks respectively, which translates to 861, 1008 and 1036 days, until it turned red. As a result, we can expect the current green phase to last until December 08 2025 (minimum) and June 01 2026 (maximum). It is more reasonable to expect the longer case as the recent Cycles tend to have stabilized most of their common time patterns.

The Bear Cycle tends to start when a 1W candle is closed below the GC. Until then, based on the parallel Channel Up patterns that encompass 3 Cycles each time, we can even expect a price as high as $200000 for this Cycle Top.

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4,601

TradingShot Global Channel

29 Oct, 12:51

DOW JONES Bottom is being formed. Buy for 44000 immediate Target.

Dow Jones (DJI) eventually made a bullish break-out on our last analysis (October 08, see chart below) and hit our 43200 invalidation Target:

https://www.tradingview.com/chart/US30/nN8XRjR7-DOW-JONES-Short-term-correction-or-invalidation/

The 3-month Channel Up is still holding and the price is now on the 4H MA200 (orange trend-line) and near the bottom (Higher Lows trend-line) of the pattern. The 4H RSI has completed a bottoming sequence similar to the September 11 Higher Low.

As long as the 1D MA50 (red trend-line) supports (closes 1D candles above), this will be a buy opportunity. Our Target is 44000, which is the 1.236 Fibonacci extension, similar with the previous Higher High.

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4,016

TradingShot Global Channel

29 Oct, 10:44

Is SUI the SOLANA killer?

A lot of talk has been going around about Sui's (SUIUSD) long-term potential and many have gone as far as to compare it with Solana (SOLUSD), claiming it is a threat to the already established token. But is Sui really the new Solana?

We've made today's comparison for those people in an attempt to find any technical similarities between the two. The time-frame is 1W and as you can see, we compare Sui's price action from its start (May 2023) with SOL's from the first trading day back in April 2020.

As you can see, Sui has started off in quite similar fashion as Solana back in the day: initial correction, then big rally into a Bull Flag (dotted Channel Down). This gave Solana way to an even bigger rally, which after another Bull Flag, it peaked just above the 2.618 Fibonacci extension in early November 2021.

Sui is so far enjoying the first post Bull Flag rally, by making a new All Time High (ATH). Their 1W RSI sequences are also fairly similar. We expect the recent 2-week pull-back to resume the uptrend and as long as the 1W MA50 (blue trend-line) holds and continues to offer support, attempt to reach as high as possible within a 1-year time-frame.

If that's on the 2.618 Fib, as Solana did, then look towards a $40.00 Target. Now would that make Sui the Solana killer? No, but it will be interesting to see if it will indeed follow in its footsteps.

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4,131

TradingShot Global Channel

28 Oct, 19:37

TESLA just made a crucial break-out that few are noticing.

Tesla (TSLA) soared last week following the better than expected earnings, an event we covered extensively, and have practically erased all the negativity/ cautiousness that came following the Robotaxi event.

However, the closing of last week found Tesla making a crucial bullish break-out that might have gone under most people's radar. The price not only broke the Lower Highs trend-line that started all the way from the November 2021 All Time High (ATH) but almost managed to close the 1W candle above it.

Technically this is a major buy signal long-term that targets the final two Resistance Zones (1 and 2) of the Bear Cycle. With the 1W RSI effectively consolidating like February - May 2023, we believe that as last year, the price will now start the 2nd phase of the April 22 2024 Bullish Leg of a potential 2-year Channel Up.

We expect Resistance Zone 1 to break and if upon a re-test it holds, our long-term Target of $380.00 should finally be materialized.

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4,004

TradingShot Global Channel

28 Oct, 12:44

NASDAQ Ready for an impressive finish of the year.

Nasdaq (NDX) is coming off a 4H Golden Cross, the same kind if formed on November 08 2023, straight after the bottom of the 18-month Channel Up. As the 1D MA200 (red trend-line) has been in strong support of this Channel Up, the index is now on a similar Bullish Leg (blue Channel) as the one that started 1 year ago.

We are at the stage were after a roughly +20% rise from the bottom, the short-term Bullish Megaphone tested and held the 4H MA200 (orange trend-line), which based on the January 2024 fractal, could initiate the 2nd Phase of the Bullish Leg.

The previous one peaked on a +31% rise, so we expect the index to reach at lest 22000 by the end of the year.

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4,484

TradingShot Global Channel

28 Oct, 12:37

EURUSD confirmed the bottom. Low risk buy now.

The EURUSD pair has turned sideways since it hit last week the bottom of the 1-year Channel Up and even though it hasn't broken above the 1D MA200 (orange trend-line) yet, the 1D RSI has given us the strongest buy signal possible.

That is breaking above its MA (yellow trend-line) after rebounding on oversold soil (below 30.00) last Wednesday. This is exactly what happened on the April 16 2024 Low. Even if that is a mid-correction rebound like the February 14 one, as both decline sequences have been of -4.00%, it suggests that we can target at least the 0.618 Fibonacci retracement level until the price resumes the bearish trend.

As a result, we consider this a low risk buy, targeting 1.10000 (below the 0.618 Fib).

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4,651

TradingShot Global Channel

28 Oct, 12:31

XAUUSD See when to sell and when to buy.

Gold (XAUUSD) has been trading within a Channel Up since the August 05 Low and since last Tuesday, the price action has turned sideways to the point that the 1D RSI is breaking today below its MA trend-line.

This is a break-out consistent with the start of the previous two Accumulation Phases of the pattern, but in order to confirm this we need the RSI to close the day below it. At the same time the price remains bullish as long as it is being supported by the 4H MA50 (red trend-line). If both break, it would mean that the new Higher High of the Channel Up is in and that the best action would be to buy near the bottom again (2,700).

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3,612

TradingShot Global Channel

28 Oct, 10:11

BITCOIN All indicators are aligned for an incredible 12-month rally.

Bitcoin (BTCUSD) broke last week above its 7-month Bearish Megaphone pattern, which was essentially the pattern that absorbed via a relief pull-back the incredible rally that the market had since October 2023, fueled at large by the ETF speculation and then launch.

** Bearish Megaphones inside 7-year Channel Up **
This pattern is, as you can see, part of a greater 7-year Channel Up that encompasses the last two Cycles of BTC. Halfway through the 2018 - 2021 Cycle, the market also had a Bearish Megaphone, a little larger, lasting for 12 months before the price broke above it.

** The importance of the 1W MA50 **
That bullish break-out came when the price regained the 1W MA50 (blue trend-line) as Support and until the Cycle Top, it was never compromised again. In an amazing display of Cycle symmetry, Bitcoin is also being supported by the 1W MA50 right now (has been since the March 13 2023 weekly candle), in fact it was successfully tested and held 3 times since August 05 2024.

** MACD Bullish Cross **
The Megaphone break-out and the 1W MA50 support aren't the only bullish indicators that point to a heavy price increase next. Perhaps the most important of all is the (L) MACD Bullish Cross on, also on the 1W time-frame, the first such formation in a whole year (since October 23 2023). This is a huge development as it comes after 7 months of non-bullish price action, indicating a shift in trend.

** Can the top be at $200k or above? **
When all those indicators were aligned in mid 2020, BTC kick started the 2nd, final and most aggressive Rally of its Cycle. It was +65% stronger than the 1st Rally. As a result, we may experience in the next 12 months a rally of +615% (65% greater than the +373% 1st Rally).

But if this seems too great without a catalyst like the ETF launch was in January, even if BTC replicates the bullish price action of November 2022 - March 2024, it will still hit the $200k mark. What history has shown at least, is that we can stay bullish, until a 1W candle closes below the 1W MA50, whether that's at 100k, 150k or 200k and above.

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4,752

TradingShot Global Channel

25 Oct, 09:07

NIFTY Buy opportunity on solid cyclical patterns.

We last looked into the Nifty 50 Index (NIFTY) on September 05 (see chart below), when we got an excellent buy on the 1D MA50 (blue trend-line) that quickly hit our 25700 Target:

https://www.tradingview.com/chart/NIFTY/vAVMLXwo-NIFTY-Next-buy-opportunity-on-the-1D-MA50/

As you can see, our trading approach was based on the recurring technical patterns (Megaphones) since July 2023. Even though the current wide price action doesn't fit the former Megaphone patters, we can still call for a bottom soon as, not only is the price approaching the 1D MA200 (orange trend-line), but also the 1D RSI is almost on the same oversold (below 30.00) level as 1 year ago (October 26 2023)!

In fact the pattern of September - October 2023 looks very similar to Sep - Oct 2024. The risk of buying here is low while the reward is high, making for a very appealing R/R ratio. As a result, we turn long again, targeting 27400 (+15.67% rise as the previous bullish break-out legs).

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603

TradingShot Global Channel

25 Oct, 08:58

RENDERUSD Bottom accumulation almost over. Don't miss this buy.

Render (RENDERUSD) has been consolidating within the 1W MA50 (blue trend-line) and 1W MA100 (green trend-line) for 3 months (since the week of July 29). This is the technical accumulation pattern that the token has gone through on every market bottom (green arc) in the past two years.

The 1W RSI has broken and been trading above its MA trend-line for the past 6 weeks, which is the first bullish sign and an indication that the current accumulation is almost over (similar to previous two bottom formations).

As a result, we expect an aggressive bullish break-out soon, the 3rd major rally towards the 2-year Higher Highs trend-line. Our Target is at least $45.00 (+300% more than the previous one).

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4,821

TradingShot Global Channel

24 Oct, 16:27

TESLA Have today's earnings erased the Robotaxi disaster?

Tesla (TSLA) reported yesterday third-quarter results that beat Wall Street estimates and said it expects to achieve "slight" growth in deliveries this year. This was enough to send the price in an after-market frenzy and so far in-session rising almost by +20%.

In fact, Tesla's market cap has increased by $126B today, the largest single day jump ever! Those earnings may prove to be pivotal for the automaker as they come just a few days after the Robotaxi event, which the market considered disappointing.

So can those earnings result be enough to reverse Tesla's fortunes, which has been massively underperforming relative to (particularly) the rest of the Magnificent 7? Well this can be answered through a technical perspective, with a chart that we published more than 2 months ago (August 15, see chart below):

https://www.tradingview.com/chart/TSLA/GSJQtf2e-TESLA-starting-an-aggressive-bullish-reversal-to-380/

That was Tesla's Channel Up since the January 06 2023 market bottom on the 1W time-frame, where we caught a buy just after the August 2024 Low. We projected that to be halfway through the new long-term Bullish Leg of the Channel. The recent October correction can be viewed as the April 24 2023 2nd wave of the mid-term pull-back of the Bullish Leg.

On the current analysis we view the same pattern but on the 1D time-frame, where the 1D MACD in particular excels at illustrating the identical nature of the two Bullish Legs price actions.

Right now the MACD is forming the 2nd clean Bullish Cross under the Lower Highs belt, a formation which on May 04 2023 turned out to be the confirmation that started the 2nd phase of the Bullish Leg that completed a +195% rise from the January 2023 bottom.

As a result, not only do we expect the stock to reach Resistance 1 (299.50), which is the July 19 2023 High before the year ends but also test Resistance 2 (385.00), which is the April 05 2022 High by January 2025.

Our Target long-term is a straight up $380.00.

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4,471

TradingShot Global Channel

24 Oct, 10:09

COCA COLA bottomed. Get ready for a +20% rally.

Last time we looked at the Coca-Cola Company (KO) was at the end of the previous year (December 07 2023, see chart below), giving a buy signal, which eventually hit our $62.00 Target, even though it had to take longer than we expected:

https://www.tradingview.com/chart/KO/wBwJOVXS-COCA-COLA-preparing-a-final-rally-to-62-00/

This time, the price action is giving us yet again a very strong buy signal as the price rebounded yesterday exactly on the 0.236 Fibonacci retracement level of the 1-year Channel. At the same time, so did the 1W RSI, reversing upwards below its MA level, consistent with the previous two bottoms of April 12 2024 and October 06 2023.

Based on the lowest rally we had within this Channel, we expect Coca Cola to rise by at least +19.45%, setting our Target at $79.70.

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3,418

TradingShot Global Channel

24 Oct, 10:01

BITCOIN This 1D Golden Cross can push it to the ATH ($73800).

Bitcoin (BTCUSD) is ahead of a major bullish formation as most likely by next Monday, it will form a Golden Cross on the 1D time-frame, the first such formation since October 29 2023. As we've analyzed before, it is no coincidence that exactly 1 year later a new 1D Golden Cross emerges as seasonality and long-term Cycles play a pivotal role for BTC.

On top of that, the price made a major re-test (and so far bounce) at the top of the former Channel Down that broke upwards last week. If this re-test holds, it is the best short-term signal for a new High. In fact the price has been making Higher Highs since the August 05 bottom, forming a double Channel Up pattern, and those Higher Highs are the reason why the market got behind this rally and supported it to break above the 7-month Channel Down.

So the Higher Highs along with the 1D Golden Cross are the bullish combination that the market needs to look (much) higher. The first technical target now is naturally the 73800 All Time High (ATH). It is very possible to see it get tested by the election day.

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3,975

TradingShot Global Channel

23 Oct, 09:29

STXUSD is about to turn parabolic to $10.

Stacks (STXUSD) has been trading within a Channel Up pattern since the December 26 2022 bottom. It is currently consolidating around the 1W MA50 (blue trend-line), coming off a Higher Low rebound at the bottom of the pattern and on the 1W MA200 (orange trend-line).

This current sideways trading is highly symmetric with the start of the previous Bullish Leg, as it is trading just below the 0.5 Fibonacci retracement level. At the same time, the 1W MACD has been on a Bullish Cross for a month now and the last time it formed a Bullish Cross (October 16 2023), was right after the previous Higher Low and before the 0.5 Fib consolidation.

Once the 0.5 Fib broke, the price aggressively rose on the Bullish Leg and formed a Higher High at the top of the Channel Up, right below the 2.0 Fib extension. As a result, we expect STX to reach at least $10.00 by the end of Q1 2025.

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4,075

TradingShot Global Channel

23 Oct, 09:22

S&P500 Has it topped?

The S&P500 index (SPX) is ahead of critical crossroads for the short-term as the Bullish Megaphone pattern that is in effect since April 01, is showing strong signs of topping.

Even though the price isn't on the top (Higher Highs trend-line) of the Megaphone, the 1D MACD formed a Bearish Cross today and practically is repeating the sequence of the index' previous Leg from April 19 to July 17, which ended also on a MACD Bearish Cross.

As you can see besides the Bearish Cross, even the price action between the two fractals has gone through very similar phases. The current Bullish Leg is in the form of a Rising Wedge.

Despite the Bearish Cross, the trend remains bullish within this pattern until the Wedge's bottom breaks. As a result, it is more likely to see at least 6000 next. If however the price breaks below the 1D MA50 (blue trend-line), we will have a confirmed sell signal at hand, based on which we will short and target 5600.

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4,830

TradingShot Global Channel

22 Oct, 17:51

RUNEUSD The 1D Golden Cross is the buy opportunity you waited for $38.000.

THORChain (RUNEUSD) is about to form a Golden Cross on the 1D time-frame. It will be the first since September 06 2023, which at the time was incredibly bullish for the crypto.

As you can see basically, the pattern since the March 13 2024 High is quite similar to the price action from February 08 2023 to the time of the first 1D Golden Cross. Both sequences started declining under Lower Highs trend-lines and once broken, the 1D RSI turned overbought while the price entered a consolidation phase inside a Triangle pattern.

On the September 06 2023 Golden Cross, that Triangle broke to the upside just a week later and 6 months later it completed a +1368.50% rise from the bottom, reaching almost $11.500.

As a result, we expect a similar bullish break-out to take place and the upcoming 1D Golden Cross could perhaps be the last opportunity to buy. If the price follows another +1368.50% rise pattern, then we may very will see RUNE at $38.000 at the end of it.

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3,089

TradingShot Global Channel

22 Oct, 17:39

DOW JONES ahead of an huge rally based on the 2017 fractal.

More than a year ago (September 13 2023, see chart below), we posted a long-term fractal comparison for Dow Jones (DJI) between the 2022 - 2025 and 2015 - 2018 periods:

https://www.tradingview.com/chart/DJI/c4bFmnTz-DOW-JONES-1st-1W-Bullish-Cross-since-2016-Can-we-see-42k-next/

As you can see the 1W MA50/100 Bullish Cross eventually placed the index on a huge rally (even though it had to go lower for a month) that hit Target 1 at 42000. The 1W RSI and MACD sequences in 2024 however evolved in such a how that we have to re-adjust the patterns in order to fit the 2017 price action.

The charts now display very symmetric fractals and it appears that we are now on a short-term consolidation (circle) after a +50% rise from the September 2022 bottom. In November 2017, that was the final consolidation before the most aggressive rally of the Bull Cycle that made Dow top and then pull back to test its 1W MA50 (blue trend-line).

As a result, we move our final target even higher at 49300, which represents a +71% rise from the 2022 bottom, similar to the rise that priced the January 2018 High.

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4,001

TradingShot Global Channel

22 Oct, 17:33

WTI OIL Higher Lows held. Strong rebound is expected.

WTI Oil (USOIL) is about to complete an Inverse Head and Shoulders (IH&S) pattern whose Head was right above the Higher Lows trend-line. An imminent break above the 4H MA50 (blue trend-line) will confirm the start of the new Bullish Leg towards the Resistance Zone. Our Target remains 78.50. Notice how the 4H RSI has already broken above its Lower Highs trend-line, as it did on the September 09 break-out.

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4,727

TradingShot Global Channel

22 Oct, 17:26

RUSSELL 2000 will finish the year in style on the All Time High.

Russell 2000 (RUT) has been giving us a lot of solid signals all year as it is following a highly symmetrical Cup pattern, which delivered last time (May 09, see chart below) an excellent bottom buy trade that effectively hit our 2293 Target:

https://www.tradingview.com/chart/US2000/0tImAt9d-RUSSELL-2000-preparing-for-a-long-term-rally/

As the 1M RSI has succeeded at maintaining a sustainable trend above its MA for almost 1 year (which is highly bullish), we make the Cup pattern wider to fit the whole sequence even the start of the 2022 Bear Cycle.

The 1W MA50 (blue trend-line) continues to be the main Support, with the 1D MA50 (red trend-line) the short-term one. We expect a quick test and then rebound towards the end of the year to 2465 (Resistance 2), which is effectively the market's All Time High.

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3,837

TradingShot Global Channel

22 Oct, 09:01

BITCOIN When the 4 year Cycles do the talking..

It's been some time since we last used the Mayer Multiple Bands (MMB) on Bitcoin (BTCUSD) but the timing is just right to bring you an update, only 2 weeks before the U.S. Presidential Elections with the market ahead on an imminent bullish break-out.

This time we look into how the price was trading on this date every 4 years. As you know BTC is trading roughly within 4 year Cycles that keep a high degree of symmetry and tend to repeat a lot of dynamics each time.

Right now, towards the end of October (2024), the price is trading within the Mean MM (black trend-line) and the 1st SD above (grey trend-line). It has already started rising off the Mean MM. Based on the 4-year Cycle Theory, it is no surprise then that the price was within the exact same range in October 2020, October 2016 and October 2012. The degree of symmetry is remarkable and is yet again showcased by this indicator.

We can also see that by this time every 4 years, the price had already started rising off the Mean MM, just as it is doing now. With the green Rectangles we display the date range between these 4-year intervals and the peak of the Bull Cycle. For October 2012 it took 58 weeks (406 days) until it topped, October 2016 was 60 weeks (420 days) while October 2020 was 55 days (385 days). So time-wise the Cycle tends to peak roughly the same period.

As a result, if we take the minimum scenario of 55 weeks, we can expect the Cycle to top by mid November 2025. As far as targets are concerned, the first two Cycles hit (and broke) the 3 SD above (red trend-line), while the last one the 2 SD above (orange trend-line). Again assuming a 'worst case scenario' hitting 'just' the 2 SD trend-line, we can set a Target Range of 190k - 250k, depending on whether the price hits it halfway through the 55 week range or towards its end. Nevertheless, an exciting rally appears to be starting for Bitcoin.

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4,818

TradingShot Global Channel

21 Oct, 11:45

NASDAQ can explode to 25000 if the 1D MA50 keeps supporting.

Nasdaq (NDX) appears to be coming off yet another short-term consolidation (ellipse pattern), the kind of accumulation it is accustomed to while trading within its 2-year Channel Up.

As we have established in previous analyses, the index is on its 3rd Bullish Leg of this pattern following the August 05 bottom (Higher Low) on the 1D MA200 (orange trend-line). When the same consolidation took place in the previous two Bullish Legs, the index remained supported by the 1D MA50 (blue trend-line) and went off to complete a rise of +49.50% and +47.80% respectively. The 1D RSI fractals of all those sequences, also display amazing symmetry.

If the rallies are on a decelerating rate, we can expect the next one to hit at least 25000 (+45.50% from the Aug bottom). As you can see, the Higher Highs of the Channel Up tend to form after the Sine Wave tops, while the bottoms are exactly on point.

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4,171

TradingShot Global Channel

21 Oct, 11:40

NETFLIX Earnings is setting it up for $840.

Netflix (NFLX) is already one of the big winners of the earnings season as it announced Q3 results that exceeded expectations and saw the price up by more than +11.00% on Friday. Even technically that is a big win as the rebound came from a Thursday test of the 1D MA50 (blue trend-line), the first in 2 months (since August 14).

The stock has been trading within a Channel Up for a whole year (since the October 18 2023 Low) and now has the perfect fundamental excuse to aim higher. The 1D RSI shows a similar pattern so all previous bottoms with the Channel Up (Aug 05 2024, April 22 2024, January 17 2024, October 18 2023) so either a 3.0 Fibonacci extension or a +25% rise is expected.

This time both happen to be just over $840.00, so we can claim that this is a reasonable target to aim for during this Bullish Leg.

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4,216

TradingShot Global Channel

21 Oct, 11:36

XAUUSD quick pull-back is in order.

Gold (XAUUSD) couldn't have gone better on our last call (October 14, see chart below) as after the expected minor pull-back to the 4H MA50 (blue trend-line), it rebounded and is on its way to our 2750 Target:

https://www.tradingview.com/chart/XAUUSD/NGy7tzly-XAUUSD-Bullish-Leg-just-started-Low-risk-buy/

As however the 4H and 1D RSI got overbought, we expect a short-term pull-back. Especially the 4H RSI, as you see on this chart, is forming a pattern similar to the September 13 short-term peak sequence that was rejected back below the 0.236 Fibonacci retracement level but was contained/ supported above the 4H MA50.

As a result, we can take a quick sell and target 2705 (0.236 Fib). Notice though that the trend will remain bullish medium-term as long as the 4H MA50 holds, in case you don't want to engage into riskier short-term trades such as this one.

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