IOTUSD Elliott wave 1-2-3-4-5 done waiting for correction. And after will go fifth wave in global Elliott wave
評論
⋅
trading is not a sprint, it's a marathon. long-term investment is more stable. what I do, I do not encourage selling or buying, I just show technical analysis as I see it. The basic postulate of trading is the wave market movement + the psychology of the crowd. The majority of investors in iota are long-term investors and they are all the things that happen on the hourly chart. they are ready to keep their coins for years. and each correction is the opportunity to purchase at a price cheaper.
IOTa is not just TA. It is news with microsoft,... there will be correction, but not with eliot wave. Here was like 10 prediction based on eliot wave all wrong. One will be right,... but this one is not. Not yet. IOTa will go higher and correct much higher,... look at volume, BB, DMI, RSI, news,...
hamora
⋅
@webmi, Seems like everyone ignores the news, but news and sentiment are much more of a factor than all these eliot waves and TA.
I think you're right.
Shorting IOTA right now is just a gamble, which most likely will drive you crazy if (and probably) prices will keep going up.
Better to HODL!
When the correction comes, it won't be too violent I assume, and then to new ATH.
webmi
⋅
@hamora, Yap. TA is great for prediction waves up or down,... but predictions for 1h in future is just luck. Eliot is prediction for hours, days ahead,... not in crypto
cryptolifesurfer
⋅
@hamora, Is there still going to be a dip or no? Are we already after the dip or it's coming tonight tomorrow? I will gladly appreciate the help.
Purchased 5000 iota units today. Should I wait for a better price?
hamora
⋅
@cryptolifesurfer, No one, not EXCAVO and not any pro can know that for sure.
My personal advise is to HODL, and not gamble against a bullish coin in a bullish market.
If it dips, let it, it's just a correction, and a coin like IOTA will probably keep going up for a nice period of time, especially with the recent news (I bought luckily just a two weeks ago at about 0.80$).
Selling it now is just a gamble.
90% of the TA said "short, sell sell sell", since it hits 1.50$, and especially at 2$.
We both know how far it went and still going.
I sold my bitcoin about a month ago after a long bull run, and then... yes, it kept going up.
My advise is to hold and not take any unnecessary gambles, and not getting emotional when it's going down.
The risk outweighs the reward, IMHO.
cryptolifesurfer
⋅
@hamora, not willing to sell ;) I am going for the long ride. I am talking about buying more and I want to buy at best price possible.
hamora
⋅
@cryptolifesurfer, Well I am waiting as well, I hope it will retrace to 2$ and then I'll buy more.
If it goes beyond 3$ solidly, I think it's time to buy more as another bull run will probably start.
So I am not sure yet, just sitting on the fence :)
cryptolifesurfer
⋅
@hamora, well we are on the same page than Sir. ;)