Short

IOTA: Short Ze Bitch! Much More Downside to Come!

Updated

Finishing up ABC - this is likely completing actionary wave I and corrective wave II on a grander cycle.

In the more immediate cycle, we see an obvious 1-2-3-4-5 down and the corrective A-C waves.

Sell: 1.73 and add to position up to 1.77

SL: 1.82 (I will not set SL, but manually sell. I am bearish on BTC medium term, so I am willing to wait out any green spikes as IMO they're bull traps or short squeezes)

TP1: 1.51-1.55
TP2: 1.40-1.46

Trade active

Here we gooooooo!

Note

noteworthy mention: invalidated if bulls can break above and hold 78/7900..... only gonna happen with some king pin buyer volume, likelihood is very low.

Note

Relevant Zones (denoted in yellow rectangle):
- II
- A/C / (II)
-V / B / (I)

Using larger timeframe, we see how they came into play in the past. Both our target prices (derived from fib extension + horizontal support seen in green rectangles here):

Note

.236 support failed
.382 support failed
.5 support failed

Close positions between .618 and .65 golden fib

Note

all praise be to the Lord of Lords and King of Kings, the savior of the world, Jesus Christ

Note

if we can close this 15m below top of channel, we will be hitting our target

Trade closed: target reached

target 1 reached

Trade active

reloading

Trade closed: target reached

I've twice over the average monthly US salary from this trade alone. Thank you Jesus and the Holy Spirit.

You may say to yourself, “My power and the strength of my hands have produced this wealth for me.” 18 But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today

Deuteronomy 8:17-18

aidanb

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