IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom. If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this local work is from + 60-120%.
Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom. If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this local work is from + 60-120%.
Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
Comment:
Work in a local uptrend.
+ 30% of the support of the accumulation channel.
Work in a local uptrend.
Trade closed: target reached:
In the event of a residual price fixation above the resistance, the secondary trend will reverse. If this does not happen - further trading in the channel of accumulation from the trend lines of the external and internal channel.
1 target in the accumulation channel is taken + 70%
In the event of a residual price fixation above the resistance, the secondary trend will reverse. If this does not happen - further trading in the channel of accumulation from the trend lines of the external and internal channel.
Comment:
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
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✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: www.instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
According to the Wyckoff and VSA trading method, this is the so-called Spring ("spring") - it sometimes occurs in the late stages of accumulation before a strong bullish movement.