WABI Jan 17 Technical Analysis - Possible Breakout? - All Scenarios

Sabi Will break to 55000 Sat Range OR downtrend to finish an ABC Zig Zag

We see 5 beautiful waves up and a healthy correction to the 0.618 range with an extremely long wick rejecting that region. We also see a strong trendline support established that is holding for the time being.

Though please know there is a bearish scenario where the trend line doesn't hold and we break through to first test the 0.618 fib region then possible the 786 fib region.

A bullish scenario involves a nice symmetric triangle or an ascending triangle forming with a breakout to target 1:1 extension conservatively at 55K satoshi.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.