MIOTA | Hidden Signals (The Bottom Is In!) —The Money Game!These are kind of like hidden signals, very subtle but yet, they are present and reveal what is truly happening with the market.
MIOTA (IOTABTC) hit a new All-Time Low on the 5th of August 2024. This session ended with a long lower wick and closed green. Signaling that this might be the end of the bearish wave. Confirmation of this assumption comes in the following price pattern.
On the 25-Aug. there is a very strong selling pressure, high bearish volume yet no new lows. IOTABTC continues to move lower after this high volume and on the 30th of August produces a new low and yet, this is still a higher low compared to the 5th of August. This all means that buyers are present. There is support.
If buyers show up after a new ATL, this points to the reversal of the bearish trend.
What if prices keep going down, what then?
Think long-term.
Just focus on the long-term. This is the best time to do so.
When prices are high up, you will see me writing, "saying," reminding you to think short-term, which means, take profits because there is about to be a sell-off.
Now, at the bottom, think long-term.
When prices are high up; better sell and buy again at the end of the bearish wave.
We are at the end of a bearish wave now, so time to buy.
When the end of the bullish wave is present, time to sell.
That's how it works... We buy at the bottom, to sell at the top.
I know this might be too basic, but we tend to follow the market impulse and do it all wrong.
I am here to inspire you to make the right choice.
This is not financial advice.
I share my experience.
I am sharing my opinion and views of the charts.
If you win, all the money goes to you.
If you lose, the responsibility is yours.
If you don't understand, take some time to study, learn and prepare before you trade.
This is a venture for adults but in the end, it is all a game... A money game.
Namaste.
(The targets on the chart are for illustration only; it can go much higher.)
