Just look at that weekly candle close & tell me why you want to be long on Gold rn??
simple break & close then enter in position, lot's of wicks on both side so be on the lookout for fakeouts
this is just an update on the previous triangle, after that takeout of the support as i mentioned on telegram expecting some retrace here at least till 67xx before another leg up as we are at the resistance of trendline it is good range to add some shorts, I am still a bit conservative with position size cause of GAP on CME futures right above us
Moving as per price is moving, we had amazing short from 7300 took good profits, now long is running from 6650 keep moving SL on it, possible H&S forming Ps this is inverse chart :)
though i am bearish on Bitcoin, been that for over a week, i can't ignore this wick to S/r flip,broken ascending triangle with good retest i was also keeping an eye on 3drive patter & this looks good enough, i was hoping for a Bullish diversion but not seeing any for now risking a small long, shorts on BTC are still running
shorts are running from 69xx & higher 73xx waiting to enter hedge long at the support keeping an eye on this triangle targets if broken either side
#BTC gave many chances to short around 69xx-7xxx, i would have not risked this setup if there wasn't any CME Gap above us!! i am using only 10% of what i used for shorts shorts are still running & this is only a hedge Possible Bullish bat forming 4hr might print a bullish diversion on RSI also possible double bottom on 4hr
Possible H&S forming, also if we touch the trendline again that will confirm broadening wedge
possible 3 drive reversal printing on Bitcoin
Holding short for now as posted in Short channel will enter a long once we test the support & hold around 6778 hoping triangle will break upside & will target the making of right shoulder once we see good rejection & stop hunts short it
Either this is a continuation triangle and we will continue the dump or we gonna breakout up & BART UP to 7300 u know the drill whichever side breaks enter the trade long or short on the retest
i went long yesterday at the retest of the neckline of broken triangle, i am still keeping an eye on this possible bullish bat, if we go up & reject will enter short