LegionQ8

Hello traders, I want share with you my opinion about Bitcoin. Following an earlier upward trend, bitcoin entered a prolonged phase of consolidation, forming a large upward pennant where price action was tightly contested between the seller zone near 117000 and an ascending support line. This period of balance, however, has recently resolved to the downside with a significant change in market structure. A decisive breakdown has occurred, with the price breaking below the pennant's long-standing support line, signaling that sellers have ultimately gained control. Currently, after the initial drop, the asset is undergoing a minor upward correction, which appears to be a classic retest of the broken structure from below. The primary working hypothesis is a brief scenario that anticipates this corrective rally will fail upon encountering resistance from the broken trendline. A confirmed rejection from this area would validate the bearish breakdown and likely initiate the next major impulsive leg downwards. The first objective for this move is the buyer zone around the 112000 support level, but given the significance of the pattern breakdown, a continuation of the fall is expected. Therefore, the ultimate target price for this scenario is placed at the 109,000 level, representing a logical measured move target following the resolution of the large consolidation pattern. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Gold. Over an extended period, the price action of Gold has been contained within a large descending triangle, a pattern characterized by a series of lower highs testing a descending resistance line and a relatively flat support base. The major seller zone around the 3415 resistance level has consistently capped upward rebounds, establishing a clear downward pressure on the asset. The most critical recent development has been a decisive breakdown, where the price broke below a key ascending trend line and, more importantly, below the horizontal support at 3310. This structural break has shifted the immediate market dynamics, turning the former support area of 3310 - 3320 into a new ceiling of resistance. The primary working hypothesis is a short scenario based on the principle of a breakdown and retest. It is anticipated that the price will attempt a corrective rally back towards this new resistance area around 3310. A failure to reclaim this level, confirmed by a strong rejection, would validate the breakdown and signal the continuation of the larger downward trend. Therefore, the tp for this next bearish leg is logically placed at the 3240 level. This target represents a significant area of potential support and a measured objective following the resolution of the recent consolidation. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Bitcoin. Following a period of a broad downward trend, bitcoin's price action has been channeled into a large downward wedge, a pattern that signifies converging volatility and a period of consolidation before an eventual decisive move. This market action is taking place between two critical, well-established zones: a major seller zone capping rallies around the 119500 resistance level and a significant buyer zone providing support near 116000. Recently, an upward rebound attempted to test the upper boundary of this wedge but was met with strong selling pressure from the seller zone, confirming its validity as a formidable barrier. The price is now correcting downwards after this rejection. The primary working hypothesis is a short scenario, anticipating that the bearish momentum from this recent failure will continue to drive the price lower. While a minor bounce or retest of local resistance is possible, the path of least resistance within the pattern's structure is now towards its lower boundary. Therefore, the TP is strategically set at the 116000 level. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Nice! Price rose to resistance line and started to decline. I expect that it can continue to fall next.GREAT! Price reached my TP and even fell lower!

Hello traders, I want share with you my opinion about Bitcoin. After a strong upward trend that originated from the buyer zone and evolved through an upward wedge, bitcoin executed a decisive breakout, shifting the market into a new, higher-value market phase. This powerful move has since led to an extended period of wide consolidation within a well-defined horizontal channel, a classic sign of the market pausing to absorb the prior impulse and build cause for its next major leg. Currently, the asset's price action is rotating within this structure, defined by a key support area around 116500 and an upper resistance line. Having been rejected from the top, the price is now completing another downward correction and is approaching the channel's foundational support for a crucial test. The primary working hypothesis is a long scenario, predicated on the proven resilience of this support level. A confirmed upward rebound from this 116500 zone would signal that the accumulation within the channel is continuing and likely to resolve upwards. Therefore, the tp is logically and strategically placed at 122300, as this level not only coincides perfectly with the channel's upper resistance line but also represents the completion of the internal rotation, setting the stage for a potential continuation of the larger uptrend. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Gold. Following a sequence of significant upward trends and the subsequent downward corrections that defined its range, gold has entered a broad market zone of consolidation. This battleground is clearly anchored by the historically significant buyer zone around 3285 and a formidable seller zone near 3430. Currently, the asset's price action is coiling and contracting within the confines of a large symmetrical triangle, a classic pattern that signifies a period of equilibrium and energy build-up before a potential high-volatility breakout. After a recent upward rebound was decisively rejected by the upper resistance line, the price is now in a corrective descent, heading towards the crucial ascending support line of the triangle. The primary working hypothesis is a long scenario, which is based on the expectation that this downward move will find strong buying interest on this key trendline, respecting the pattern's integrity. A confirmed and strong bounce from this level would signal another complete upward rotation within the triangle is underway. Therefore, the tp is logically and strategically set at the 3430 resistance level, as it not only aligns with the formation's upper boundary but also represents the major seller zone, a natural magnet for price on such a rebound. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Bitcoin. After completing a powerful upward impulse that originated from the buyer zone near 106500, the price action for BTC has transitioned into a corrective market phase. This consolidation has taken the form of an upward pennant, characterised by a narrowing trading range that suggests a significant directional move is forthcoming. Currently, the asset is undergoing a sequence of downward corrections within the pennant, exerting repeated pressure on the critical demand zone between 116500 and 117400. The importance of this zone is amplified by its confluence with the lower trend line of the formation itself. The primary working hypothesis is a bearish resolution, anticipating that persistent selling pressure will culminate in a decisive breakdown of this support. This event would act as a bearish breakout from the pennant, providing strong confirmation for the continuation of the downward impulsive momentum and shifting the local market structure. Therefore, the take-profit level is logically positioned at the 112000 mark. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Price continued to traded inside pennant, but I think that soon BTC will drop, exiting from this pattern.Great! Price exited from pennant and broke support level even. Now I expect that it rise a little and then continue to decline.

Hello traders, I want share with you my opinion about Bitcoin. Analyzing the broader market context on the BTC chart, the past price action has carved out two significant technical structures: a wide trading range and a larger upward wedge pattern. The formation of this wedge indicates a generally positive market sentiment, though the narrowing price swings suggest a decrease in upward momentum. The foundation of the current structure was established around the buyer zone of 105500 - 104500, a level that has historically proven to be a robust floor. This historical behavior provides a critical reference for our hypothesis. Currently, we are observing bitcoin's price action closely, interacting with the current support area, located between 116500 and 117300. The character of the movement here is largely corrective and consolidative, pointing to a state of temporary equilibrium. This consolidation near the lower boundary of the wedge is a pivotal point. My thinking is that a final, brief dip to thoroughly test the 116500 - 117300 support area is a high-probability scenario. Such a move would effectively absorb remaining sell-side liquidity before a reversal. We can then anticipate an impulsive move upwards across the range. Therefore, the logical take-profit for this long position is set at 122800 points, as this level marks the upper resistance of the range and a natural target. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Gold. Initially, gold was trading within a large consolidating pennant, showing both upward and downward impulses as it moved between the converging trend lines. The price eventually saw a breakout from this pattern, followed by a strong impulse up, but this momentum stalled as it approached the major horizontal resistance level at 3390. This level, which corresponds with the upper seller zone, has proven to be a significant barrier for buyers, rejecting the price and confirming a strong seller presence in that area. Currently, the market is in a corrective phase after being rejected from the highs. The price is drifting upwards once again in what appears to be a final retest of the aforementioned seller zone. This slow upward movement lacks the impulsive strength of the previous trend, suggesting that buyers are losing control and sellers are preparing to defend the 3390 resistance level once more. I expect this corrective move to fail upon reaching the seller zone around 3390. After this retest, I anticipate a sharp reversal and the beginning of a new downward trend. The logical target for this move is the major support level at 3310, an area that has historically acted as a strong buyer zone. That is why my TP is set at 3310. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Good! Price started to decline. I expect Gold to continue declining next.

Hello traders, I want share with you my opinion about Bitcoin. Earlier, the price was moving inside an upward channel, respecting both the resistance and support boundaries. After reaching the buyer zone (110200–109500 points), BTC made a strong impulse up, breaking out of the channel and entering a new phase of growth. This breakout led to the formation of a bullish pennant, which often signals a continuation of the uptrend. Right now, the price is testing the support area between 117000 and 117800, which previously acted as a breakout zone and now serves as a current support level (117000). The structure shows that this level has already worked as a rebound zone multiple times. In my opinion, BTC may continue the correction toward this support area, potentially exiting the pennant to the downside for a short-term pull-back. After that, I expect a new upward movement, targeting the next local high. That’s why I set my TP at 122500 points, which is just below the recent ATH. Given the impulse move, strong support zone, breakout from the channel, and the bullish pennant pattern, I remain bullish and expect BTC to resume its upward trend soon. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.

Hello traders, I want share with you my opinion about Bitcoin. Price recently printed a new ATH at 118800 points and then began to show signs of correction. Before this breakout, the price was stuck in a long downward channel, where it bounced inside the buyer zone (103000–103800) several times and reversed upward. After the final breakout, BTC entered a range phase between the support level (103800) and the support area (110300–111300), building energy before the massive move. Once the price escaped this range, a strong impulse up followed, pushing BTC above all major levels and reaching a new high. However, after hitting the ATH, the price started to stall and consolidate. Currently, we can see signs of weakness at the top — the structure is forming lower highs and looks unstable, which may indicate a potential retracement. Now the price is trading above the support area, but I expect a corrective move back toward the current support level at 110300. This level aligns with the top of the previous range and now acts as strong demand. That’s why I’ve set my TP at 110300 level — right at the beginning of potential buyer interest. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Price continued to grow and reached a new ATH. Maybe later it can be corrected, but now I think it continues to rise.