UnknownUnicorn1413254

Shorting IOTA till 2.10 usd

Short
BITFINEX:IOTUSD   IOTA
Chart speaks for itself.
Comment:
I understand if people don't like my shorting idea, but you don't have to trade like it.

I just wanna say, all the huge pumps up have follow with huge retracement down. The past of other cryptocurrancies showed it.

Look at the examples:
- Ripple from 0.40 to 0.13 usd.
- NEO from 57 to 13 usd.
- ETH from 420 to 140 usd.

And there way more examples. I just wanna be realistic and give u guys a good view. It's not that I don't beleve in IOTA. IOTA is one of my few core holdings.
Comment:
Markets don't move straight up or down. So yes I still believe we gonna hit target of 2.10usd.
Comment:
Comment:
We're still on track moving in the channel I show u in the chart below.
Comment:
Comment:
I still think it will drop. When it broke out the channel, I automatically did bought a long position at 4.20 usd when it broke out. But I closed it for at 4.50 usd and opened a short. I'm looking for a new short opportunity, because I still think we're in the B leg and still get the C leg down.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.