IOTA November 16 Technical Analysis Long Entry $0.67 to $0.75, Target $0.90 to $1.04

in #bitcoin6 years ago (edited)

November 17 Update 8AM. We touched exactly my buy zone @ $0.726. I'm up 15% --------------
Update over -------------

I've been 5/5 with every major IOTA prediction since $0.35 run up. This will be 6/6. Will you please join me for the final 5th wave, completing our 3rd primary wave, before major abc correction begins?

RISK TO REWARD 2.07:1
ENTRY PRICE $0.67- 0.72
TARGET 1 = $0.90
TARGET 2 = 1.04561
STOP LOSS = $0.633
PROBABILITY = 70%
CHAIN TO GAIN = 25.6%
CHANCE TO LOSE = 12.7%
TIME FRAME = 2-5 DAYS

IOTA - November 16 - Technical Analysis - Long Entry - $0.67 to$0.75, Target $0.90 to $1.04.png

FLIP A COIN OVER
TEN GAMES EXAMPLE
OUT GAMES WITH RR 2.07 :1
WON 50%, LOSS 50%
EACH WIN = $207
EACH LOSS = $100
5 WINS @ $207 each = $1035
5 LOSSES @ $100 =each $500
PROFIT = $1035- $500
TOTAL PROFIT = $535

Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1

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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.

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