AFTER A LONG BULLISH FROM EARLY JAN'19 GbpJpy was trying to reach 149 resistance, 2 consecutive candlestick signal DOJI follow by Evening Star Doji and RSI Overbought / Divergent with the previous high 149, we will stop LONG position and aim to find the best SHORT position at 61.8-78.6 retracement
As mentioned in the Video... this is really the last bullish harmonic pattern out there at the moment and it just happens to be on the most important Crypto of them all.
From time to time BTC does not determine ups & downs in other crypto but that is the exception. At the moment the RULE is BTC is leading the way so if this pattern were to "work" then that is...
The honest answer to that question is probably not.... so why did i make the video??
Asymetrical risk. Its possible if the pattern plays out, that price will go through D at 15 cents and goes down to 10 cents or 5 cents or 2 cents (this is not likely ONLY POSSIBLE!!!). If it does and it then goes up to where the pattern projection suggests is possible then you...
Time to take a flyer... IOTA on a daily chart is setting up a Bullish Butterfly completing at 16 cents... yes 16 cents (current price is IOTUSD )
Im going to make a small bet (no stop) that if price gets down there it will bounce up nicely. If the XA leg plays out we are looking at 2000% return.
My order is in, im holding tight for the ride.