Iota/bTC has developed a pretty solid channel over the last few weeks on the daily. Approaching the bottom of said channel and watching the fib lines for entries.
There is a ascending triangle forming on the one day candle with convergence upcoming. Could this be enough to propel LTC into the next fib level? Or will it simply break up to get rejected back down? Volume closer to convergence should give us a good idea of the strength we will have for the potential leg up.
BTC has reversed identically almost every major swing that brought us down from the 10k level. If it follows these could be the next two phases for BTC.
Inverse head and shoulders seems to have reverse the trend on BTC, even if only temporarily. Question is can we fully retrace to the 10k level? Already flirting with .61 level at 8,2
