Keep an eye on IOTA for a breakout against BTC Long

IOTA / BitcoinBitfinex

Description

⋅ Dec 14, 2017 2:15 AM

IOTA is about at the end of consolidation after filling in a gigantic triangle pattern,
and is currently pushing the upper bound on increasing volume.

The decline took several days to a week to complete, so look for similar growth period to come soon.

Comments

CoreyCrypto

⋅ Dec 14, 2017 8:57 PM

it looks like the bad news surrounding IOTA lately has really impacted us we will need good news to save us from dropping down to the original breakout levels.

RammerMan

⋅ Dec 14, 2017 4:14 PM

will the negative news around iota effect its price action?

cieturk

⋅ Dec 14, 2017 6:45 PM

@RammerMan, It seems , it affected ha ?

adal111

⋅ Dec 14, 2017 4:04 AM

muchas gracias por su aporte amigo.

jvcorral

⋅ Dec 14, 2017 3:23 AM

what if breaks the triangle down? how much would it go?

CoolShades

⋅ Dec 15, 2017 2:48 AM

@jvcorral, Lots. I'd sell if it breaks the triangle. BTC is up for another run.

s0hail

⋅ Dec 14, 2017 2:19 AM

awesome, how can it go up?

TenaciousJ

⋅ Dec 14, 2017 2:23 AM

@sohailhyd, If the traditional analysis holds up, the gains from the front edge of the triangle should be reflected in the breakout gains, so in this case it would be double the current price, on Bitfinex at least. The target would be somewhere around 0.00052 BTC

s0hail

⋅ Dec 14, 2017 2:35 AM

@TenaciousJ, thank you for the reply.