BINANCE:IOSTBTC   IOST / Bitcoin
Alt Season can be fun and if the confirmation of Alts and the market turning is BTC then it needs to hold over around 8400 and the downtrend line. With restored faith in the market will come new money and old money that was waiting for the right time to re-enter. The beginning of a bull market could be right in front of us. The key for alts is to find ones that have bottomed (appears most have) and pick them up in those ranges. Also as the bottoms are breaking upwards the best rewards are on the coins entering their parabolic advances. The goal is to catch the parabolic advance and then move to another coin that is at that stage. There are a few entering that stage now and this is one of them.

A break of the neckline resistance above around 500sats will spring IOST into action. You can see it is following its mirrored fractal of the downtrend extremely well which would have us at a 130% gain in about 12-13 days. VPVR is thickest where we are now but we are above it so a small retest of it and then IOST is good to go.

Comments

It seems the market is meeting that threshold. What other alt coins do you think are at this stage?
Reply
L3gOnD Jimmy_Ocean
@Jimmy_Ocean, Yes many coins are in setups that have broken out or about to break out of major downtrends and are on the retest part of that support waiting on BTC. If BTC can hold 8400 and ideally push to 8800-9000 I think alts will move with it and begin an alt season. There are many setups I really like but the ones nearest a parabolic setup that I have found are IOST, LUN and STORM. But I still have many coins I am actively charting and going through on multiple time frames.
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