Hope or rope S3E11

Welcome back to Louis making another (probably awful) guess. This is where I'd like to reenter, pls let me have it.

Comment:

this would be invalidated by:

- breaking upwards of the channel on high volume
- going sideways out of the channel

I think breaking down of the channel would still be fine but in that case I'd probably look for either a sharp reverse at the lowest support or lasting sideways.

Anyways, the idea bases on xtzxbt trending down in the channel until it reaches roughly a 70% decline from the top. I'd expect it to be invalidated fairly quickly but hey if it works I won't complain.

Comment:

impressed that this is working so far tbh

Comment:

I guess it broke down and out of the channel but that wasn't too surprising given the strong PA from btc

Trade closed: target reached:

I guess it reached the lower support line faster than I anticipated but this counts imo

Comment:

I mean I guess I'd want to see that it doesn't make a new atl first

Comment:

I guess I cursed it the moment I said that

I'd like you to know that I'm genuinely sorry

Comment:

well here it is. Surprised this went so well tbh