IOTA/BTC 4H - BEARISH FLAG
This scenario, in my humble opinion is most likely to happen.
Then we would have clear ABC correction to 0.5 fib levels.
This actually might happen if BTC make any sudden rupture moves.
For now I would stay away for the trade and if I were to enter IOTA/BTC I'd ladder my buy order in the red rectangle zone. Perhaps even in the golden pocket zone, depending on BTC moves.
This scenario, in my humble opinion is most likely to happen.
Then we would have clear ABC correction to 0.5 fib levels.
This actually might happen if BTC make any sudden rupture moves.
For now I would stay away for the trade and if I were to enter IOTA/BTC I'd ladder my buy order in the red rectangle zone. Perhaps even in the golden pocket zone, depending on BTC moves.