Will it do another low? Will it sweep the ATL? Would make sense. On the other hand, its already down 98% from ATH.
Holding the 2018 would confirm the next leg up to be of a higher degree aka be a moon shot vs a new low might just indicate the next leg up to be a normal retracement ending somewhere 0.618/0.886
Either way, R:R seems ok
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well well well, lets flip this 0.85 r/s and go to moon?
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Backtesting the breakout
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patience and patience we can see the back test has been successful and $0.80 level is currently being worked on, once surpassed, trigger 0.236 for reversal and when reclaining that, 0.382 be next on the menu. until then, nothing to do
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lets draw some fibs... .yeah... 8.236 looks just right, but lets keep an eye on the next impulse, gotta take 4.236 !