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The current price of Bitcoin is influenced by a specific market structure characterized by key technical indicators: Blue Lines : Representing a fan-like pattern diverging to the right, these lines serve as dynamic levels of support and resistance. Their role can shift depending on market momentum, influencing the price direction of Bitcoin. Red Arcs :...

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The QQQ stock has surged more than 8% from last Monday's lows, which were marred by panic selling due to the collapse of the Japanese stock market and fears of a U.S. recession. Does this rally signal that the fears have dissipated? Not necessarily. Currently, the price is hovering near a resistance zone formed by the median line of the channel (indicated in...

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The current price of NIO stock has dropped below $4, a significant decline from its trading range of around $9 earlier this year, representing a decrease of approximately 55.56%. This sharp drop highlights the substantial downturn in the stock’s value. The price action is forming a long-term descending channel, indicating that bears are firmly in control of the...

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On 17 May, Bloomberg that the price of Bitcoin is at a high level of correlation with the shares of technology companies. At the time, it was suggested that the main cryptocurrency was perceived as a growth asset, fuelled by: → the launch of Bitcoin ETFs; → expectation of Fed rate cuts. But here was yesterday's Fed meeting, where the intention to cut the rate 1...