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MagnusTradingGroup MagnusTradingGroup BTCUSD, 120, Short ,
BTCUSD: Bearish divergence at key resistance level
1202 6 14
BTCUSD, 120 Short
Bearish divergence at key resistance level

Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]

MagnusTradingGroup MagnusTradingGroup BTCUSD, D,
BTCUSD: Anticipatory layout with important trend lines, levels, timefibs
1189 2 11
BTCUSD, D
Anticipatory layout with important trend lines, levels, timefibs

We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box ...

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