Perfect symmetrical triangle forming for WABI. These are a sign of price action which can be BOTH bearish and bullish. Either way it provides us with a opportunity to either buy the dip or buy the breakout.
With the current market state and btc looking to drop below 11k once again i do feel a break to the downside is likely especially because WABI has not retraced between 0.5 and 0.618 which i would like to see considering it looks like a simple ABC correction. I might be wrong, in that case wait for a strong break above the triangle but i do not see that happening with the current market sentiment and overall air of uncertainty.
* This is not financial advice and is intended for comedic purposes only*
With the current market state and btc looking to drop below 11k once again i do feel a break to the downside is likely especially because WABI has not retraced between 0.5 and 0.618 which i would like to see considering it looks like a simple ABC correction. I might be wrong, in that case wait for a strong break above the triangle but i do not see that happening with the current market sentiment and overall air of uncertainty.
* This is not financial advice and is intended for comedic purposes only*
Trade ist aktiv:
Could ladder in buys between 0.618 and 0.786 fib which is the likely drop zone when btc goes 7-8k which i think is highly likely now. Trade safe.