Get started
IOTA / Bitcoin
Long

Possible upward trajectory for IOTA from .00023/4 BTC

By rsolva
Updated
BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.
Note
UPDATE: Should have drawn a trendline following the bottom of 22. december and upwards to todays bottom. In that case, .00024 seems the most likely point of return to upwards movement, right before it hits the 0.236 fib.
Note
UPDATE 2: Published a refined version of this idea:
IOT/BTC nearing end of triangle while BTC/USD looses steam
Bullish PatternsIOTIOTAiotabtcLONGSupport and ResistanceTrend AnalysisTrend Lines
rsolva
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.