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rsolva
Jan 5, 2018 1:10 PM

Possible upward trajectory for IOTA from .00023/4 BTC Long

IOTA / BitcoinBitfinex

Description

BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.

Comment

UPDATE: Should have drawn a trendline following the bottom of 22. december and upwards to todays bottom. In that case, .00024 seems the most likely point of return to upwards movement, right before it hits the 0.236 fib.

Comment

UPDATE 2: Published a refined version of this idea:
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