Currently sitting on Fib 0.618. Crypto.com's branding will be displayed at center ice at every Montreal Canadians games at the Bell Center for a period of one year. My hockey team !!
Looking for a possible breakout of the falling channel followed by a possible inverted Head and Shoulders . My entrance level would be at the bottom of the right shoulder depending of the market ( BTC / BTC .D) at that time. Always safer to enter a confirmed breakout.
Not financial advice. This is only what I would consider to do depending on Bitcoin and Bitcoin dominance at this stage.
A breakout to the upside of that trendline would worry me as it ''could'' mean the end of USDT.D downtrend and a ''possible'' beginning of a major selloff to go back in stablecoin but we are not there yet.
Let's wait after the breakout of the upper trendline to see if that rounded bottom idea will slowly confirm. Rounded bottom are very bullish.
I'm open to ideas. Please let me know how I can improve. Thanks !!