I had to figure out what was wrong with me, to understand why I couldn’t land any trades, even when I were smart enough to figure out that it will rise… And I figured it out, I didn’t have the patience.
No patience, but why? It is not easy to just “get” patience when you don’t know why you are inpatient to start with. So I asked myself, why patience, why I don’t have it. And then comes the answer, you just need to ask the questions…. It was fear, I was afraid because I didn’t really know what I was doing. I needed a plan. You always need a plan, and here you have it!
This is my trade analysis for the altcoin Internet of People (IOP). The charts are telling me that this coin is looking for some action in the near future, so we would like to enjoy it. We are going to ride this wave.
Internet Of People (IOP) Trade Instructions and
Buy-in: 0.00065 – 0.000800
(Just in case, this can become useful).
(We are going to be conservative with the targets. We are not even going to be aiming at the top. The top happened in February after months the coin was added to the exchange. This can make the price go wild, so we will aim for targets based on other indicators).
(The lesson today was strategy. The plan. So we know we need a plan, the indicators are going to be quick).
- The weekly charts are really good, today marks a good start of the year for IOP and the chart has been getting ready for a strong positive reversal (from down to up).
- The indicators all are showing upward momentum and plenty of room for growth.
- On the , where we can monitor the action for shorter time frames, the chart looks a bit overloaded, but we still have all the signals. What this can do is give us 2-4 days of no good action and then we take off strong. The only way to see this, is that we might have a long period to buy in and position ourselves. If resistance is broken above 0.00071, then we can see some action above our first target. We just hold and wait. We will still be here when the time to profit comes.
- I looked at several different time frames and I am positive that this can be a good, long, safe and profitable trade. So let’s do it. Here is the for your entertainment:
Today was all about work and growth. Why is that?
Are we getting prepared for something?
Today I feel like I am just getting ready for more.
Is this really just the beginning, are you sure there won’t be something?
Doesn’t really matter if it is the beginning or not.
If we will all do good, or if something bad will come.
We have this opportunity right in front of us.
So we are going to take it, to gain access to the tools that will let us FREE our SOULS.
Our time, is the most important thing that we have going on.
If we can get it back, we will also gain back control.
The Spirit of Trading has come to your assistance once more.
I hope you enjoyed your message. There will always be more to come.
If you have doubts, don't join, more will come.
If you are feeling good. Buy in and hold. You will be in a very good spot in a few weeks time.
If you are looking for new trade ideas, you can cut your losses and move to a new trade. Whichever one you choose is fine.
I didn't set a stop loss and I am not selling for a loss. I am HOLDING LONG.
You can stop your loss you manually as well, but we are still on a positive trend line. So I am riding this trade longer.
Here is the daily chart:
Hold strong, this is a solid trade. Once IOP takes off, it always has lots of action.
Here is the daily chart:
- Support on Telegram @alanmastersupport
Mantra: Om Stanesha Vahtu Nevehem
Thank you very very very much mate for your solid TAs .. appreciate your work .
is trending down below buying zone due to the overall market down trend only ?
Have a lovely day / night
eNJOY & always stay happy for the blessings that GOD granted us . :)
Once the correctionis done, it should bounce right back up inside the channels.
BTC also closing in on undersold in the RSI daily, which might mean an end to the correction.
Compare it to last Septembers crash for BTC, similar patterns, almost halved BTC then.