Iota, as you can see, has dropped to the lower Fib levels and is primed for a breakout.
Wave anaylsis states a Long position at the moment.
The issue, of course, will be if BTC can at least trade sideways for a couple of days to let us get some quick day trades in.
Because of this, this is certainly a high-risk trade.
Targets:
1. 0.00020216
2. 0.00021391
3. 0.00023343
4. 0.00024483
Wave anaylsis states a Long position at the moment.
The issue, of course, will be if BTC can at least trade sideways for a couple of days to let us get some quick day trades in.
Because of this, this is certainly a high-risk trade.
Targets:
1. 0.00020216
2. 0.00021391
3. 0.00023343
4. 0.00024483
Commento:
Okay, so this is an absolute disaster of a trade so far, with IOTA basically falling out of the bottom because of the movements of Bitcoin.
I mentioned this when I first proposed this trade, but there is room for a breakout, as this is very oversold.
I mentioned this when I first proposed this trade, but there is room for a breakout, as this is very oversold.
Commento:
All crypto traders know that when Bitcoin drops, everything does. While we had a great technical setup here, its easy to move on.
Not all trades are killers, which makes it easy to move on the next one!
Not all trades are killers, which makes it easy to move on the next one!
An average down strategy can work very well in this case.