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IOTA / Bitcoin

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IOTBTC trade ideas

Still in descending channel, but we are close for great entriesA possible descending triangle is forming, so more likely to go down than up. Still, there is hope since this will be one last drop if it does go down. However, entries now with tight stop loss, are valid. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
by Ajion
25 oct -> Will iota break out its pattern and finally go up?! In the last couple of days, you see that the price moved in a consolidation pattern, which is the falling wedge. Now the question is, in which direction if the price going to break out? Well there are a couple of things that could indicate that the price is going to break out to the upside 1. The price is at a support line 2. The last candlestick ended up in a hammer, also you see a high volume on this candlestick pattern. 3. You see that the volume is rising Because of this, it is likely that the price is going to break out upwards. There are multiple ways to enter here, always check out if the risk/reward is perfect for you: - When the pattern is broken, which is safer - Buying at the support zone, which is a bit riskier - Entering anytime soon is the riskiest Stop loss: - Below the support zone 0.000074996 - Trailing stop, if there is an uptrend Target: - See the yellow areas above If you need any help with TA or explaining this, send me a DM! DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!
Long
by RB-30