I think we have a fakout on this triangle, the reason is
- OBV, 20 days average volume keep trending.
- RSI show a bullish hidden divergence.
- People turn bearish on twitter, it is normal if we see the new ugly weekly candle coming but we did not made a lower low.
For this reason I think BTC is just breathing.
We are at resistance but the team spoke about a new revolutionnary update on IOTA, if is true we will see a massive pump I think.
I buy the keynote and I will sell the update :D
I don't trade news normally, I don't risk more than 1% of my capital in this trade.
Not a financial advise (as always :D )
Maybee we will see a bigger correction in the next days.
Head and shoulders possible.
Entry position at confirmation of RSI and OBV (see redlines) + H&S confirmation.
This correction is healty, If it happend I will long after closed short.
XRP fake blockchain is on weekly support.
Cheap stop loss.
Bullish divergence on RSI.
When the top of crypto is in uptrend since 2 months, XRP is doing the opposite, I think he have to perform at least one more time.