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Bitcoin shows bullish divergence on hourly charts
โZooming in to the one hour, you can see we got pretty close. These white lines are showing reversals... we just created another bull div on the hourly. And right now, we are starting to pump, so this might give us enough fuel to hit the top of this range. That's what I'm looking at on Bitcoin's chart.โ
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Oil prices face imminent bearish pressure
โI just am still seeing a little bit of bearish pressure here on oil and the fact that we rejected so cleanly up this parallel range. Makes me think that we're more than likely going to revisit at least the midpoint of this parallel range. If that happens tomorrow, that means oil is going to drop back down to about $103.โ
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Microsoft is testing critical historical trend lines
โSo we're seeing the same drawdown, might be seeing a little bit of a bounce here. We're trying to get above this trend line as we speak. We bounced right here April of 2025... and we're really, really close to this range on Microsoft. So I'm nibbling in some Microsoft. I've gotten a little bit of Microsoft. I'm a little bit more bullish on this chart.โ
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Nike presents a major oversold buying opportunity
โNike is beaten down. And this is a story of tariffs, but it's down 75%. $40 to 42, really, really good accumulation zone for Nike, in my opinion. Look at that recent drawdown. I mean, that is oversold. If I've ever seen anything oversold. So I'm nibbling into some Nike.โ
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Market panic creates a contrarian reversal setup
โAfter that Trump speech, we have Bitcoin dumping, stock market dumping, oil pumping, looks like inflation is going to start rising. But I think a lot of people are about to be on the wrong side of a trade, moving forward here. So watch these levels with me. And folks, I'll see you at the top.โ
