So WTC has filled in a bearish broadening wedge which looks very much like the first ascent we made breaking through the first broadening wedge in what was the first wave. At current price levels we are currently touching intermediate trendline (possible entry point) and will likely bounce back into the tip of the second wave making a 162% increase from the first one if we follow the golden ratio. After which we could come back and test longer term trendline (thicker black line).
These arrows are simply the broad strokes, of what i think the midterm price action will look like. Obviously if the price breaks mid or long term trend lines it could be a reversal.
any update for current movement? it seems like its hesitating but might be to early to say? it had a pretty rough dip at 28 jan, 8:00
MysteriousPersian
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@SeanWevers, Yes its a correction. few big whales selling at the top caused the tumble (if you look at 1 min you will see disproportionate volume). It seems to have found a bottom and is going back in the upwards direction. Im still bullish on this position
SeanWevers
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@TristanKhanizadeh, i started at 29.5k sats so im still oke, hoping this will be a long runner, btw wasn't there some announcement they were going to make this day or anywhere close? (or just did?)