I guess the top is already in and we are headed for a downtrend hereafter.
There's a beautiful bullish engulfing candle in the xtz/btc weekly chart. My guess is the downtrend is over and from now on we are heading up to test previous resistance.
Will it break down to test it support at 50WMA or time for fireworks?
I believe we are in great accumulation phase and its going to take a while before we break up.
Looking at inverted chart. Which scenario is more likely? Up or down?
I'll be watching the fib level .618 like a hawk. What are your thoughts on this?
