Symmetrical triangle/Pennant BROKEN! amazing short opportunity

22 באוג׳ 2018

After yesterdays failed pump, (it technically DID break up but since it was a byproduct of BTC's blatant manipulation I chose to ignore it) Iota broke down the symmetrical triangle and confirmed in 4h, a good enough timeframe, our short entry. Right now, setup looks very promising and barring any other BTC pump we should see at least a 20% retrace to our previous local bottom. Could take profits inbetween depending on price action. R/R is 2.33, not the greatest, but good enough.

We also have ema9 decisively crossing down on sma20 and a tightening on Bollingers, which signals a big mvoe soon.

Remember to use stop loss, trade safe!