It seems that IOTAs wave 4 reached the bottom. It can easly go for wave 5 before another correction.
In this scenario It can't go lower than 20,600 satoshi, as that line is wave 1 top, and wave 4 can't go lower than that.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles.
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If You like my charts, follow me on Twitter https://twitter.com/Woytech
or on TradingView https://www.tradingview.com/u/Voytech/