🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Just an observation Starting to see people who have been bearish the last week or so Now giving a few reasons to be bullish short term Usually a sign that a topping process is underway

BITCOIN - Daily BITCOIN has broken out of an IHS pattern The measured move takes it to around $155k by late August If it fails and were to trade back under the neckline soon Then the failure takes price back to $90k

OIL - Daily Breakdown from the Bear Flag Retested from above and sold off 50 dma is just above the critical $65.50 area

DXY - Daily US dollar is trying to make a run for the 50 dma Watch the RSI (5) as well If the RSI can stay overbought as the DXY gets to the 50 dma That's your sign that an intermediate term low is in and there are many more weeks for the Dollar to rise

Get ready for August. Lots of trends are coming to an end New ones are beginning to establish themselves

Remember they said “Inflation is transitory “ “ Tariffs are inflationary “ No one is going to save you. If you are going to make money in this game it’s all up to you Find a technical strategy and forget the news , especially the Fed , and FURUs

SOX - Daily Opening up outside the wedge Many months of gains will be taken out quickly Just how the game is played

NATGAS - Daily NATGAS is up 6.4% and BOIL up 12.7% since we alerted on Friday NATGAS is now testing the 20 dma from below

DXY - Daily US Dollar is now testing the 50 dma With the RSI (5) getting embedded in overbought This is bullish as we noted

OIL - Daily As we've been noting the $65.50 area has been major support for years now And today price came down and found buyers around $65.62 We are looking for a break of that support - if so it could move fast

GLD - Daily Since the November 2024 low GOLD has been running an approximate 28 day Daily Cycle - which is normal Current Daily Cycle is on Day 12 Keep an eye on that cycle trend line - if it breaks early in this cycle - this week - then the odds favor the June 27th low gets

Wyckoff Distribution Pattern Take a look at this and then take a look at recent SPY on a lower time frame

OIL - Daily OIL is selling off under a declining 200 dma ( Black ) And now the 50 dma ( Green ) which is still under the 200 dma And approaching the line in the sand of $65.50 Let's see if sellers can put the pressure on and close it under $65.50 in the next few days

OIL - Daily.. The battle at $65.50 continues

TLT - 30 Minute Potential IHS Pattern forming on the 30 minute Positive Divergence forming on the RSI

NATGAS - Daily Our friend NATGAS NATGAS rallied 8.5% from our initial July 11th call Now it is back under the channel Watch to see if it can recover the lower channel for initiating any new longs

OIL - Daily Will they be able to close OIL over the 50 dma for the 3rd day in a row ? They are going to try