I don't need to be watching, but anyway, what's up, if you ever, are watching so for either targets Busey down down down down down. We create a new all time lows yeah! I in my in my in my humble opinion I think missus such I can take a a see, the alright something that's a ABCDE squeeze. I think this isn't a and you're gon na get a B and a C and a D and E in a pub. Alright it's just that it's gon na take many many years before we see that ABCDE and then we explode it's, not a very long time. In my opinion, it's just that it is power time we are still under the skinny pink line ever since breaking it. On June 2, 0 on it, we have been in a bear trend against BTC. We are not out of the pear trend yet, absolutely not, and to be honest to be honest, this is actually a very encouraging sign. Why would I say that? Because this is a Kabul potential; no, it is not what a noob it is not yeah. I thought this would be a double bullish, divergence nope. It is not a double bullish, divergence, not yet it's. Just that you know I wished you know previously. I was wishing that this could be an a b c d e and we blast off. We pick a skinny pink lamp up, we blast off then yeah. You know the wheels of iota have other plans for us, and so eventually we came back lower where we we are at 2147 Satoshi's at this point of time.
This is looking to me like a reverse descending triangle: small medium and a big mountain, so normally descending triangles are big mountains, medium small and then we collapse lower. Alright is usually how descending triangles look like, but you you from time to time will see a reverse descending triangle and we could still collapse down and the targets are usually the same it's just that um. I don't think i don't think we should be opening any shots at his final time because it's all sold, I mean to see dissent. I mean a mountain range at 95. Under I don't have targets like this what's negative and so yeah. It just does not make sense so to be honest, there's, actually, no dog, hug that's, why your target is BBC at least my job is to do not I mean things are actually not really clear, so there's, nothing, much, really, nothing, much that we can do, except To be patient and to wait for the IO toils to you know, give us a higher quality chop it and first before doing anything it's just that I don't see any double bullish divergences yet not yet maybe on the RSI. Sorry wait is this yeah? I think it is on a new, so Music. These are exactly bullish divergence, but you could see that things are it's a higher low, alright Anna hi Yolo, hi Yolo, hi alone yeah. But my point is that it's not exactly clear you see so it's it's very hard for me to tell you could say that you can argue that this could be a double bullish, divergence right.
This is a high yellow yeah. This is a higher low on a mentee higher low under RSI. So could things be about to reverse from here? I don't know I can't see it against BC. I don't I don't see any high quality capital for talk is vidi, vici. So I cannot, you know, recommend putting in any tricks for iota not at this point of time. We are aware of the potentials of a reversal. I mean you know. If we were to start reversing from here, then we could get some sort of a. I don't know inversely and showed us yeah. That would be perfect, absolutely perfect, it's just that until that happens, you know if you were to get that, then you probably be another. I don't know four, maybe five months before we see anything substantial, any substantial, high quality chat pattern until that happens, you're not going to be in doing anything which is gon na, be patient and wait for you at all wheels to give us a higher quality. Tchoupitoulas it's just that at this point of time, things are very uncertain all over the place, not just in the asset class of cryptocurrency but in other asset classes as well: foreign exchange. You know, stocks in commodities and precious metals, yeah commodities yeah. So things are very uncertain. It is final time so the best case I mean the best thing that we can do is actually to be patient here, I'm to it for the wheels to accumulate first in Butte, a proper cha patent.
Before we join the wheels for a you know, softer wheels. No too softer waves towards the upside or whether it is towards the downside. We we need to wait for the wheels to make a move first before we make a move as well so that's my take for are your targets. Vdc let's check out your targets USD, but before that, please give this video a like. If you enjoyed it subscribe to the channel, and let me know what you think biochar in the comments below yeah Internet's, pretty slow the whole world. Absolutely the whole world is on lockdown right now. The whole Western world, the whole of not a whole but majority of Asia is also logged on and so Internet's is crazy, slow yeah, so you know it's very difficult, it's still moving that's a plus sign it's. Just that you know it's pretty slow, so yeah that's the thing yeah for our targets USD this looks like a giant a of an ABC V. Just like a Tom Music, yeah, we're gon na get me and see. I don't know how you know, B or C or D or E is going to look like, but this looks like a gigantic, so yeah it's gon na take a long time several years, at least before we get a proper ABCD it's. Just that you know at this point of time things around such an I don't know. When was this, we would like to see a proper reversal pattern or maybe a continuation.
You know we could get a wave to this entire thing. It could be a wave one. We could get a wave to forget a tree for five, something that could be a five five five impulsive wave towards the upside. We might get some sort of a right shoulder here. Left shoulder hit right, shoulder knee and there we go parabolic yeah, maybe whatever happens young he's gon na take, I don't know again until September. I don't know I keep getting this month September. 20. 2013. This month, in my guests, teammates in my technical analysis, yeah in several of the coins Yankee keep getting September 2020. So I don't know we have to see whether, if September to new twenty is going to be a significant month for us or not. So there we go that's my take for I have talked against USD stay patient and wait for the wheels to give us a sign all right. So I guess I see biochar technical analysis. Thank you very much for watching. I hope you enjoyed it.