Sell-buy
BTC Short?Following on from the last post/prediction. The daily TF seems to be printing a nice falling wedge that seems to fit our narrative should it come good - smaller time frames show we are range bound between $40,000 - $30,000 (maybe a potential Wyckoff Schematic?) but should we see this break out to the downside expect a sharp decline into the low £20,000's with a further push down to $10,000 where the selling pressure should climax and we find support finally upon completion of our previous prediction. With people finding value at this level as well as the taking of profits in this zone, potentially a nice bounce at this level which should set us up nicely for a break of structure of the wedge and a consequential rally to the upside.
GBPUSD BUY OR SELL?With a closing wedge formation we expect the price to break trend and make a strong move either up towards the 1.43 arena or short to the next support zone of 1.40. With major fundamental influence coming from gold levels and some heavy data due for US, we remain patient to watch the price action. Our bias is short as this area does attract a lot of bears and there are various technical formations pointing toward a potential drop. We will be watching the pair closely over the coming days and will inform you of our next trade.