Vold316

IOTA - Big Short.

Kort
Vold316 Uppdaterad   
BITFINEX:IOTUSD   IOTA
The comments are in the chart.
I started shorting, a small part.
Kommentera:
Forgot to comment the indicators, but they are pretty easy to understand right now.
Kommentera:
A zoom up.
Shorting is risky now, wait for confirmation.
Kommentera:
Unconviced of shorting, here you have a bearish gartley reversal pattern.
Kommentera:
Breaking previous high will attempt to break ATH.
Handel aktiv:
Bull trap confirmed.
Handel aktiv:
My back pain is starting to get better which makes me think bears have won. First target 50% drop from the top, then will try again and probably fail and drop hard , buy back in 3 months for the next run.
Handel aktiv:
IOTA Broke down the Triangle some where looking at, it is in an ascending wedge and within a channel, in a critical spot. Good luck.
It may be pumped desperately but ultimately it will not break through ATH, IMO. 5 USD is Selling Zone, Buy Zone at 3.5.
I wouldn't short now, but sell to avoid losses, do not FOMO if there is a bull trap.
Handel aktiv:
Watch for the dip in the following days. Look at the first chart, you will see it's exactly at the point where if it breaks it drops from the 2nd ARC (I wrote 3rd ARC by mistake in that idea). It can go as low as 3, then will fomo up. and then when it breaks the other support if it doesn't penetrate the arc, it will go to 2 usd. and if it breaks 1x1, it will drop like a rock. Good luck.
Kommentera:
If you have balls, short untill 3. it will bounce hard and fail 4.2 or so, that will be a better short entry.
Kommentera:
That was the best short entry anyone could get.
Kommentera:
In a few days there will be a sell off.
Trade stängt: målet nått
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.