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.
Comment
⋅
+ 30% of the support of the accumulation channel. Work in a local uptrend.
Trade closed: target reached
⋅
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.
False break to the downside, this is the start of a new bull run, woohooo¡
SpartaBTC
⋅
@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.