
Romannlee
@t_Romannlee
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Romannlee

Gold is currently in a range, and its making its way to the bottom of the range, before the close of the week market grabbed liquidity and its making a bullish move to the 61% of the move downwards, which is also confluence as price saw a swift rejection around that area in the past, signifying strong resistance at that area, on the account that market rejects that area, price should create a lower low in the range, grabbing liquidity off the inducement below the range and buy up to the top of the range

Romannlee

Right now Bitcoin is coming off a descending broadening wedge, which is a bullish pattern, I am looking for price to buy to 31188

Romannlee

Here we have an ascending wedge that made a fakeout, as expected we will wait for price to break back into the structure before adding short, green lines below are targets

Romannlee

This is an update for people who need areas to watch, so they can add positions and join the downward wave

Romannlee

Here again is another bearish confirmation for BTCUSD, it has formed a M formation that has completed the retest of the neckline, expect more downsides

Romannlee

More Bearish confirmation as we see confluence of trendline rejections, as price rejected the top of the channel (resistance) at 48k, targeting a 20% drop our price target has been adjusted to 38k.

Romannlee

I am not really good with write-ups, but here we can see Bitcoin rejecting the downward trendline that is meeting with the upward trendline forming a flag, as you can see at first test of the downward trendline, it bolted down and held the support at 45k, and made a drastic push to 46k, almost testing the downward trendline again, you can see wicks of exhaustion, ending the upward rally at 47,223, at this rate price won't be able retest the downward trendline. Price is currently at 46280, if we catch a bounce the next place to add a short is at 47022, our target will be at 40k where we wait to see price next move.
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