Dear IOTA friends, hope you're doing fine! :)
As you know guys, we had the huge break out the descending triangle, before shooting up to the upside again: This gives a nice equilibrium for the market, which is now playing out. Have fun watching! :)
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Hey guys, hope you're doing well! :)
IOTA broke this huge descending triangle with 10% gains to the downside + 20% to the upside! Watch to see, how you could've played this volatility.
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About myself: Global citizen & early Bitcoin...
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IOTA has had a really nice run up in price recently which has lead to it missing a number of central pivots (2 daily / 1 weekly) which lead me to take a closer look. When I did I saw that I dragged a fib and saw price react off the 78.6% level which looks to be like B in and ABCD of a Butterfly.
The Butterfly could turn at 1.272 or 1.618 extension, once price...
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.
For all the IOTA heads out there who have been a little down in the dumps about the fall in price... the Bullish Gartley setting up could be a good news you have been waiting for.
Will updat once price gets to entry.
