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...
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. 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%...