SpartaBTC
Long

IOTA Accumulation channel Triple bottom U-turn Potential 60-120%

BINANCE:IOTABTC   IOTA / Bitcoin
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.
Comment: False breakdown of the accumulation channel. The price has fixed within the channel. This is a positive sign.
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.

Comments

False break to the downside, this is the start of a new bull run, woohooo¡
+1 Reply
SpartaBTC JoseLuisVargas
@JoseLuisVargas, Yes, this is a very positive sign. This is usually the final phase of accumulation. Passengers are reset (stop-loss) before leaving the accumulation zone.
Reply
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