Iota and Enigma are 2 of my favourite projects in the crypto space, although the 2 were often attacking each other i still like both and actually traded them against each other with a funny strategy i came up with.
This strat may be invalidated when iota reaches a breakthrough in their coordicide research and then i will split my stack into 80 / 20...iota / eng.
Then i am long term bullish on iota.
So my strategy revolves around 3 signals:
The yellow cross comes into effect when the iota price crosses the enigma price which is always a bearish signal for iota and an imminent price retrace.
- At this point i sold all my iota and went all in on eng.
The red cross represents a enigma price resistence and the range between them a zone where i am really confident in selling. You might take profits sooner if you desire and then follow the next signal.
The green uptrend symbol comes into effect when the iota price falls below the blue line where i dollar cost average in after reaching a previous enigma target i sold my stack at, preferably in the confident sell zone inbetween the 2 red lines.
Now that we held iota until the price crosses the eng price again we have come full circle and repeat LOL
Not financial advise try the shitcoin casino at your own risk :)
This strat may be invalidated when iota reaches a breakthrough in their coordicide research and then i will split my stack into 80 / 20...iota / eng.
Then i am long term bullish on iota.
So my strategy revolves around 3 signals:
The yellow cross comes into effect when the iota price crosses the enigma price which is always a bearish signal for iota and an imminent price retrace.
- At this point i sold all my iota and went all in on eng.
The red cross represents a enigma price resistence and the range between them a zone where i am really confident in selling. You might take profits sooner if you desire and then follow the next signal.
The green uptrend symbol comes into effect when the iota price falls below the blue line where i dollar cost average in after reaching a previous enigma target i sold my stack at, preferably in the confident sell zone inbetween the 2 red lines.
Now that we held iota until the price crosses the eng price again we have come full circle and repeat LOL
Not financial advise try the shitcoin casino at your own risk :)