There are plenty of signs indicating a retracement:
1) Bearish divergence
2) Rising wedge (and a rising wedge with-in it)
3) Resistance of rising wedges
4) Completion of 5 EW (W1 is longer then W3, therefore, W5 can not be longer than W3.)
I will be shorting the top of W5 (starting from 7260, orders not filled yet) with TP at supports (6800 and...
Please note that this is in no way financial advice, I would actually appreciate criticism if something here is incorrect and will consider them educationally valuable.
IOTA is currently sitting on the support of Wave 4 (even though previously broken) and the edge of the parallel channel which was established on 15/08, which also is a part of a bear flag, which...
Please note that this is in no way financial advice, I would actually appreciate criticism if something here is incorrect.
From my perspective, ETPUSD is bound for a correction, as 5 waves have been complete.
Also, There are currently 15m Longs vs 795k shorts on Bitfinex.
I will be accumulate a short around $3.25-$3.35, with a stop loss at around $3.42 (3.20%...