This chart is just too perfect. The time-adjusted overlay of the 2014 crash with the current bear trend matches spot on. If it continues to play out it suggests a rally to ~12k before making new lows and eventually a nice round bottom before starting the next big bull run in 2019. Going to keep following this and will post updates. Happy trading!
If history is known to repeat itself, and as a wise trader once said "because it cannot be compared to any asset... except itself" I figured I would overlay BTC's candle formation from the crash commencing September 2017 and leading up to ATH -2.71% reached Dec 17, 2017. Let's see how this plays out.
This plots the exact value of the current IOTA market capital in real-time.
You can find this indicator in the public indicator library!
Search, "IOTA".
Like and follow for more cool indicators! :)
Just an interesting observation. While looking at the structure of a number of different "Alt" coins I started to see a pattern. Granted, markets move the way they do because of the actions of the participants- which are more often than not going to be similar to other participants. This is why fibs work, and why there is a known bubble cycle. People are ...
Different time frames can be selected via controls
study("Add TimeFrame", shorttitle="TF Layer", overlay=true)
res = input("240", type=resolution)
o = security(tickerid, res, open)
h = security(tickerid, res, high)
l = security(tickerid, res, low)
c = security(tickerid, res, close)
col = c >= o ? lime : red
plotcandle(o,h,l,c, ...
