Hello There, welcome to my new analysis about BITCOIN. Major market players have already increased their bearish selling pressure over the recent times. The BITCOIN selling pressure could unfold at any moment with major holdings being dropped onto the market. Right now, I have spotted the important signs we need to watch for in this whole market dynamic. As when looking at my chart, we can watch there how BITCOIN trades within this prolonged bearish descending trend channel. The upper distribution area is a major bearish area that has been the origin of massive bearish selling pressure already several times in the past. It is highly likely that a drop-down from this area happens again once BITCOIN visits it. The most important formation in this whole structure is this pivotal bear-flag formation. The leading final wave points directly into these heavy bearish resistance zones. The massive resistance cluster consists of... Read more

Hello fellow traders, On the 1H chart of Silver (XAGUSD), the price action is showcasing strong signs of a short-term bullish continuation. Silver has successfully broken out of a textbook Falling Wedge pattern and is currently consolidating tightly within the key support/trendline area. Technical Highlights: * Pattern Breakout: The structural falling wedge has been broken to the upside, signaling a transition from corrective pressure to bullish interest. * Fibonacci Confluence: The current local pullback is finding robust support at the 0.5 Fibonacci retracement level (~75.088). As long as the price sustains its structure above this dynamic floor, our bullish bias remains highly intact. * Indicator Confirmation: The Stochastic RSI is showing a strong surge (crossing near the 94.44 mark), validating a rapid influx of buying momentum right after the technical breakout. The Outlook: We anticipate XAGUSD to hold this consolidation zone and continue its upward trajectory. The primary targets are... Read more

Interesting situation new have here... The 1 thing that has moved the market the last 2months has been tech , so let's start with that.. Won't even be going over the overbought signals because at this point I am preaching to the choir. What I will show you is structure and where I think we are headed over the next week NASDAQ:SMH chip sector https://www.tradingview.com/x/0ARNaFw Closed at the top of 2week range with the 4hr candle showing a bearish engulfing.. I think we head back to the bottom of the range but this area here that acted as resistance will now be support early on and will dictate if they buy the dip or keep selling https://www.tradingview.com/x/lmkaUbF2 AMEX:XLK technology sector This here is the biggest sector weighted on the AMEX:SPY .. 4hour chart is showing a rising wedge that's making new highs on very negative RSI divergence https://www.tradingview.com/x/jzzxiNln https://www.tradingview.com/x/CZmFkRxp Going... Read more