Internet Of People (IOPBTC) Prints Bullish Divergence
Updated
I wanted to share with you a few signals that are coming out of the Internet Of People (IOPBTC) chart.
This altcoin has hit an all-time low, so this one has truly bottomed.
On the way up, LONG TERM, it has the potential to generate profits in the tune of 7000% to 20,000%+... I know, crazy numbers, but this is the cryptocurrency market at the bottom.
Proof:
If you check past history, you will realize that this is something as normal and natural as altcoins losing over 95% of their value in mass in this bear market.
Just as an altcoin can reach a new all-time low, they can also make new all-time highs when the bull cycle comes. Keep this in mind.
Now, let's get back to the signals:
Conditions for change: If IOPBTC moves down and closes below 0.00002622, then the above signals would get invalidated and a new analysis is needed.
This is an educational post.
Thanks a lot for your continued support... Perhaps now, you want to hit LIKE? Feel free to do so...
This is Alan Masters.
Namaste.
This altcoin has hit an all-time low, so this one has truly bottomed.
On the way up, LONG TERM, it has the potential to generate profits in the tune of 7000% to 20,000%+... I know, crazy numbers, but this is the cryptocurrency market at the bottom.
Proof:
If you check past history, you will realize that this is something as normal and natural as altcoins losing over 95% of their value in mass in this bear market.
Just as an altcoin can reach a new all-time low, they can also make new all-time highs when the bull cycle comes. Keep this in mind.
Now, let's get back to the signals:
- The "hammer" is a bullish candlestick when it comes out at the bottom of a trend. It signals the potential beginning of a change of trend.
- Followed by this hammer is a high volume breakout above EMA10 (green line). The volume bar is not really that big but is higher than all the previous green volume bars since 24-Jan and the day is just starting. It will be bigger by the end of the day if the bulls follow up.
- So these two simple candlesticks can signal the beginning of a change of trend.
- Since these signals can be invalidated, the markets/trading bots do whatever they want, we always use a stop loss when trading.
- Another strong signal on the daily chart is the bullish divergence on the MACD, marked by the blue line. This signal further supports the two signals above.
- A bullish RSI is just an extra. :)
Conditions for change: If IOPBTC moves down and closes below 0.00002622, then the above signals would get invalidated and a new analysis is needed.
This is an educational post.
Thanks a lot for your continued support... Perhaps now, you want to hit LIKE? Feel free to do so...
This is Alan Masters.
Namaste.
Note
(1) 0.00003700 -Reached 5-Mar. (+17%)(2) 0.00004250 -Reached 6-Mar. (+34%)
Total profits to the peak reached so far (more to come): +48%.
Enjoy the profits.
Namaste.
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