IOTA cryptocurrency long vs US$.
Believe it or not but it really is a major support here. So could risk a 5 to 6% for about 30% gain. Always risk little and go for big gains.
Nothing to describe here. Was a nice bounce but for now, nothing more than that. Short setup from the red line. An hourly close above the red entry level could invalidate the short. target is around the $0.40 cents
BTCUSD remains under pressure. Volatility starts to pick up, unfortunately as expected to the downside. Can't help it and of course i'd like to see a huge rally in BTC and BCH and all related cryptocurrencies, but the fact remains that there is no buying interest and we still have heavy resistances to overcome. Past support has now become resistance. Pay special...
Got some resistance built up in $BTCUSD now. As long as we can't close above the red lines, expect a return to it's base for a retest of it's solid support area.
Just an update. New support added for BTCUSD at 6704
If this breaks out to the upside I wouldnt be surprised to see a 50% gain on it, probably even more.
This is a follow up on my previous BTCUSD chart where I spoke about possible support lines. The lower end held pretty nice almost to the dollar. With the latest pump a new support has arised at $6588.
Let's play it out, buy low sell high until it breaks one way or the other.
Also looks like crap ATM. Yellow line must be taken out else we will drift lower and lower on low voulem. Be aware of markups.
Looks shit as well. Looks like $130 and lower incoming. Yellow trendline resistance now.
No interest, the blue rectangle is sell zone. price has to trade above that for possible bullish move. As long as it's not taken out, forget the longs.
As long as daily trends below the yellow line, things look bad.