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IOTAUSD trade ideas

IOTAUSD _ If this were the WYCKOFF Accumulation ...On many websites educating us in relation to various trading methods and trading psychology we see often Wyckoff Schematics in relation to Distribution and Accumulation. This example presents IOTAUSD trading pair, but obviously could be used on others. It's quite complex and extensive for beginner traders to wrap your head around but if true and spotted early might become a lucrative trading method for those who are patient. Here I present an example which might obviously fail, but at least you know what you could expect if this were to platy out.
BINANCE:IOTAUSDEducation
by crypto_poet
IOTA (MIOTA) - May 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (IOTAUSD 1W Chart) (1D chart) The 0.70762957-1.29319710 section is an important section and it is important to get support as it rises. To break away from the short-term downtrend line, we need to see if it moves above the 1.31143737 point by around June 2nd. If support is found at the 1.31143737 point, it is expected to turn into an uptrend. As I said in the BTC price chart, most charts currently do not form a proper sideways zone. Under these circumstances, if the price of IOTA rises above the 1.31143737 point and finds support, I think it is likely to move up quickly. An upward break above the 1.71207698-1.91239677 zone is most important to continue the uptrend. If you fall from the 0.70762957 point, you can touch the 0.10951858 point, so you need to trade carefully. ------------------------------------- (IOTABTC 1W chart) It remains to be seen if it can rise above the critical point of 3725 Satoshi. (1D chart) It remains to be seen if the 2667 satoshi-2889 satoshi section can support and rise. If it falls from the 2667 Satoshi point, Stop Loss is required to preserve profit and loss. However, you need to trade carefully because you can touch the 2489 Satoshi-2566 Satoshi section and rise. In order to turn into an uptrend, it needs to rise above the 3208 Satoshi point and find support. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that ultimately correspond to the profits can regenerate the profits. -------------------------------------------------- ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:IOTAUSD
by readCrypto
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