Is this descending broadening wedge about to be broken? Or does it need one more pullback before a move to the next target?
After a strong rally the past few weeks i expect that there will be a period of profit taking witch brings more downward pressure! I stay long on XTZ but on resistance i go short to cover the bulk of my position.
I made this Elliot Wave pattern on the weekly. Don't know if i am right but I guess there is some more room for a downtrend in to the 5k region.
Same consolidation breakout to the upside. what if history repeats? can bitcoin actually target the 60k mark?
Earlier this week i thought we can break the 1.06 resistance but after the second attack it looks like we got back in a short term downtrend again. i am planning to go long on 1.052 one more time and see if it can breake the tops this time.