I made a recent post about my good calls and bad calls, but I want to highlight another one of my bad calls: That the alt market would boom and take more of Bitcoin's dominance. The majority of the market actually expected this, but it has not happened. In fact, Bitcoin dominance has been increasing since it broke out.
What's interesting is that even the alts...
The world's 16th ranked crypto asset has completed the B to C leg of expected shark and soon the formation of C to D leg will be started insha Allah.
I have defined some secure targets and also aggressive targets (till the completion of shark's last leg) accordingly.
The targets are:
Buy between: 0.00010932 to 0.00003345
Secure targets:
Sell between: 0.00020156...
It was front ran the first time, lets see how it reacts
Top line of the box is a monthly level
Bottom line of the box is a resistance level on the daily from a long time ago
Not taking this trade yet, just keeping an eye out!
IOTA is in this big falling wedge. Daily RSI is 21 and last time it was that low it got a nice bounce from the bottom of the wedge on 12/08/2018. Right now it’s at the bottom again and chances are big it will go towards the top of the wedge again and may break out from there.
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If you like catching knife IOTA is the coin for you :P
*Willy is stupidly over sold
* Bullish divergence in histogram
* OBV does not look healthy at all
* Low volume, would love to see bulls step in here
* Price eating that big tail with is the last line...
RSI now 23, Stochastic oversold and then some = blood on the streets. A strong opportunity to take up a position. Price finds support created back in November 6th, 2017. The last three occasions the RSI was this low saw the following increases under 30 days were achieved:
August 16th, 2018 - 65%
March 15th, 2018 - 100%
November 5th, 2017 - 600%
May 20th, 2019 - ???
All the signs are there, Stochastics is low, RSI is low, BB appear to be closing in a bit on 1D, and low low volume, incredible indeed..
T1 - 6551
T2 - 6778
T3 - 7102
**Not trading advice**
Happy Trading!
There is a high probability that the IOTA is going to rise against BTC soon after it will confirm the bottom of the main channel (green)
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This is not a trading advice!!!
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