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IOTBTC weekly chart looks interesting.
Bullish RSI divergence on weekly followed by a little bit smaller hidden bearish RSI divergence. So I would speculate that we will see a retracement to have it cleared, followed by a rally supported by that bullish RSI div.
42k sats seems like important resistance area I would be aiming there as target.
Pattern: Channel Up on 1D.
Signal: (A) Bullish on the Higher Low trend-line of the Channel Up or if the Resistance breaks or if the RSI breaks above its Lower High trend-line. (B) Bearish as long as the Resistance holds.
Target: 0.000031 (just below the ~45% extension).
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We've been in long sellers channel till last buyers showed their performance on last channel touch. That means channel switched from sellers to buyers side. Right now all we need is just wait and see following expectations Martin explained in video.
IOTA might perform very strong in upcoming days, weeks... but as you can see we explained you short term analysis for this smart cryptocurrency. So on, Iota have already gave us signs to entering position in buy. Previous week volume and broken resistance tell us bullish performance and sellers failure.
Because we didn't broke last supply, we still have to, even...
Welcome to the crypto bubble.
Nobody left trading alts vs BTC . Nobody left yelling "alt season".
All important traders are dead.
(No, not you with your 0.1BTC or 1BTC - whatever is left in your stack from this 28 month alt bear market. Take no offense, 99.9999% of traders got rekt from these pump and dumps.)
Alt markets are out of sellers and the algorithms...
Another shitcoin looking as bullish as possible.
Expect a far superior run from IOTA than what we've had on Tezzies.
Plebs will be talking about "Tangle" more than they're currently talking about being bakers.
I decided not to trade shitcoins this time around, but there's simply too high of a level of certainty to NOT trade it.
Accepting the rally, bailing when FOMO hits.
Compare to the coins that have popped - ETC, DASH, ZEC, BCH. Even BSV.
Trading algorithms go into buying frenzy when a higher high is made.
Alt season is here.
It's about to rain gold on your heads....
Looks like IOTA is gaining strength again as it clearly broke the descending channel to the upside on BITFINEX:IOTBTC . No wonder, if you take into account, that IOTA had several positive news in the last few weeks, and traded since some months at very low level, depsite being a very interesting project.
Overview over the past few weeks:
- IOTA introduced the...
Looks good... Im still in EOSBTC short. Im gonna stick with it but this is good. Dominance is popping off the way I thought it would it just over shot but I knew it would happen to trap the longs into their positions.
Great RR. Might not pan out but it does look set for one hell of a bounce. Same with BCHBTC. These are the only ones that havent really bounced. Not sure about the probability on this one so be careful and dont risk anymore than 1%
Good Luck Gents,