I actually drew this WW several days before it hit the low point, but didn't publish it. Oh well. In any case, if it plays out, we're looking at around 3x gain, and can use pretty tight stops at this level. Great RR trade!
The recent low is also a double bottom with the all-time-low price vs BTC since listing on Bitfinex, which just so happened to coincide with the recent IOTA news... what a coincidence!! I love how the MM's push it down to buy the absolute bottom right before releasing positive news lol. Manipulation anyone? Whatever, as long as you're on the right side of the manipulation. Exact same thing in the stock market and everywhere else. The big boys release the news at the perfect time to boost their positions.
The recent low is also a double bottom with the all-time-low price vs BTC since listing on Bitfinex, which just so happened to coincide with the recent IOTA news... what a coincidence!! I love how the MM's push it down to buy the absolute bottom right before releasing positive news lol. Manipulation anyone? Whatever, as long as you're on the right side of the manipulation. Exact same thing in the stock market and everywhere else. The big boys release the news at the perfect time to boost their positions.
Nota
If you're not familiar with Wolfe Waves here's a decent explanation tradingstrategyguides.com/best-wolfe-wave-strategy/Nota
Lets try that again - Nota
Nope!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.