Daemon_sadi

Daemon_sadi

Still soon but another rising wedge is forming in short timeframe which is a bearish continuation signal. Probably were gonna breakdown and keep the continuation in the bigger formation around 35k. If you see a breakdown the odds are in your favor for a short position, but HEY, I'm just a random internet stranger i know nothing.

Daemon_sadi

Dont forget that this pattern as a rule comes with a change of trading mindset from bull to bear. These are murky waters stay safe

Daemon_sadi

Keeping it simple, channel continuation, but with double bottom formed on 1h chart will be a pretext to create a bull trap ( i think). On the wave department, we are in a c correction wave and if we fib retrace a to b we get the golden ratio at 39k, the closing daily candle is not helping either so the 39k is my bet. But HEY I'm just some random stranger in the...

Daemon_sadi

Is it gonna breakdown or is the top channel local support now? good place to open long ? what do you think?

Daemon_sadi

Checking if Iota breaks the downslope resistance line - good place to short if it does not

Daemon_sadi

Expecting a breakdown

Daemon_sadi

Keep an eye out for developments. Also first publish