TradingView
Le_Halimou
Aug 27, 2018 10:04 AM

IOTA ded ? Short

IOTA / DollarBitfinex

Description

Yo shaggerz,

IOTUSD recently mooned. Nothing convincing here tho.

Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.

Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend line
- Longs moons :


Anyway for now :
SELL : 0.615
BUY 1 : 0.5USD
BUY 2 : 0.4USD
BUY 3 : 0.33USD (Yolo !!)
STOP : Above 0.65USD

This is just an idea, you are responsible of your actions. If you don't agree, please provide technical arguments, and don't cry like stupid fanboys
NOT TRADING ADVICE

Trade active

Ok let the shaggfest commence :



Daily StochRSI is overextended, I guess that small move up was just IOTA taking a breath before deep diving again.

Let's see!

Trade closed: stop reached

:'(
Comments
MAGISTERSC
Bitcoin is going up right now.
Look for opportunity to short BTC and alts when BTC is around 7600$.

Short ALTs cautiously when Bitcoin is rising.
Le_Halimou
@MAGISTERSC, Hey man,

Thanks for the comment, you're right ! That's why we use SL ;)
Doc-al-Citadel
Shageeeeee
Le_Halimou
@qdoc, NIT NIT ESOTERICS
CryptoCreepya
@BobFlynn, so no more up from here? again bear?
Le_Halimou
@CryptoCreepya, I don't know man, I got stopped out. i'm still a bit bearish but, trend is your friend so... Be careful :)
CryptoCreepya
@BobFlynn, thanks for the reply bob
More