ALWAYS LOOK AT COINS IN RELATION TO BTC . NEVER TRUST SOMEONE WHO DOESN'T LOOK AT THE RELATIONSHIP TO BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend) and using BTCs the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not, their TA will be affected by BTC. Due to the severity of the big trends possibly ending.
Onto Iota. This chart is pretty basic and an easy way to find good support and res levels. These blue lines were put there in late February and have been respected on our way back through the .25-.5 retracal. The red lines are recent lines i just put up for now, as i am publishing this and id feel better having some information for anyone that reads this in case there is a delay in an update.
Why be complicated when basic lines and MA tell you everything?
On a quick glance, we are pretty close to the .5 retracal.
I want to wait and see what happens.
I want to see how Iota reacts to the resistance right above it.
REMEMBER: One big things to note here is the day of the reversal of Iota's movement upwards. If we look at BTC around the similar time, we will see that BTC had its drop. This time inbetween is often where I see alts recover during the test. I look at it in respect to people and entities wanting to get in at the start of every new trend. So by buying into alt coins when BTC looks set to continue upwards on a bullish trend, when BTC looks to test before it drops, people can maximize their money.
Check my BTC chart related to this and check the 28th and then the movements on IOTA. For any coin, this is a must to understand the pattern and movements of alt coins.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend) and using BTCs the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not, their TA will be affected by BTC. Due to the severity of the big trends possibly ending.
Onto Iota. This chart is pretty basic and an easy way to find good support and res levels. These blue lines were put there in late February and have been respected on our way back through the .25-.5 retracal. The red lines are recent lines i just put up for now, as i am publishing this and id feel better having some information for anyone that reads this in case there is a delay in an update.
Why be complicated when basic lines and MA tell you everything?
On a quick glance, we are pretty close to the .5 retracal.
I want to wait and see what happens.
I want to see how Iota reacts to the resistance right above it.
REMEMBER: One big things to note here is the day of the reversal of Iota's movement upwards. If we look at BTC around the similar time, we will see that BTC had its drop. This time inbetween is often where I see alts recover during the test. I look at it in respect to people and entities wanting to get in at the start of every new trend. So by buying into alt coins when BTC looks set to continue upwards on a bullish trend, when BTC looks to test before it drops, people can maximize their money.
Check my BTC chart related to this and check the 28th and then the movements on IOTA. For any coin, this is a must to understand the pattern and movements of alt coins.
Were almost under the .25 retrace. We've used almost every good bounce if not all, that are above or at the .25. MY next guess is a bounce in the 24k range, under the .25 with resistance then found at the .25
Going under this is bad. Here we can see that there is MASSIVE space after the 14118. If it drops under any buy i put would have a sell right under there. I see any massive buy ins hitting a wall there. Giving the opportunity to be sold out at a price possibly 5%+ what the current market price is. The green lines are where i think it will drop. The bigger the distance between the line and one above, the bigger the resistance and higher chance of upwards movement.
In my opinion, the perfect buys at the .25 are gone more or less, so I will wait to see what happens
Keeping it simple as always.
-KTown