kdboy

kdboy Updated 

A big bullish candle is forming similar to some of the candles formed at the end of October. MACD pattern on the daily chart looks eerily similar to what happened in Sept-Oct2017, it is just magnified 5X . I seriously don't believe that IOTA is worth only $1/MIOTA but the market has been so punishing since December. Look for patterns similar to the ones in October...

kdboy

Although I do not believe either of these will play out , but it felt good to try to figure out where we could be heading in the long term. Tracking daily/hourly movements has been a bit of a drag lately so this gives me a sense of calmness since I can imagine the best the worst case scenarios over the next 2 years. Happy trading ! PS : I have no holdings in...

kdboy Updated 

Taking a potshot at predicting the bottom. Fibonacci extension of previous bottom at 10.7K on 22nd Dec says 5039 . First Trendline says ~5621, second trendline says ~3600-3700 . Watch for strongest ever Green volume bars in 4H/3H/1D charts to confirm investor interest.

kdboy Updated 

Once IOTA hits the bottom of the channel in the second half of Feb in the log chart ( between $1 to 1.5) , three things could happen 1) It crashes through the bottom : Very likely ( 50% chance) given the current state of things . Get out of your trade positions , hold the long term positions 2) Crawls up the bottom of the channel for a few months : (45%...

kdboy Updated 

Look at the peaks - Jan 2000, then Jan 2004, then Jan 2008. The next one came an year early in 4Q10 but the one after that again in 4 years - Jan 2015. The next peak at Jan2019 looks feasible. The chart has just crossed the 1.61 fibonacci extension with a strong green candle . Whenever it crosses a fibonacci level with a strong green candle - it is poised to go...

kdboy

Look at the peaks - Jan 2000, then Jan 2004, then Jan 2008. The next one came an year early in 4Q10 but the one after that again in 4 years - Jan 2015. The next peak at Jan2019 looks feasible. The chart has just crossed the 1.61 fibonacci extension with a strong green candle . Whenever it crosses a fibonacci level with a strong green candle - it is poised to go...

kdboy Updated 

Unless I see a tall green sprout on the 4H/1D charts I am not listening to any experts about bottom formation.

kdboy Updated 

Bitcoin has fallen through its major support at 12K. Next base formation could be at 10K or 8K

kdboy Updated 

Just started up reading on Qtum. It is 1) An ethereum based solution 2) Suitable for Internet of Things - competitor of IOTA 3) Supposedly combines features of both Bitcoin and Ethereum , is expected to be quantum computing resistant-not sure. 4) Seems to have VC backing and indusrty/academia partnerships. 5) Fixed supply of 100mn , 73Mn circulating 6) A...

kdboy Updated 

It's a sad week for the crypto world as we realize that exchanges will take on the role of traditional banks in restricting people access to crypto currencies. They can halt buying, withdrawals, account registrations etc at will without being challenged by anyone. This strangling of influx of news funds is what is restricting price growth in the overall crypto...

kdboy Updated 

IOTA has been performing a series of houdini acts to break out of one down channel but entering another by moving horizontally. In 36 hours there will be no room left. On the downside there are key support levels at 4.0, 3.8, 3.6 , 3.0 and 2.5. The upside potential is unlimited.

kdboy Updated 

$4.0 seems to have held yesterday . But we are not out of the woods yet. Watch for a break out from the top wedge line. It has to be a strong uncontested series of green candles. Else it might start falling again to expand the wedge. In that case the next buy in could be around 2.8-3.0 mark

kdboy Updated 

Strong support at $4. Else at baseline at 2.5

kdboy

If it breaks 155 then the rally continues. Watch closely in next 1 hour

kdboy

Red channel broken !

kdboy

The irrational exuberance that took iota to 5.5 has subsided . But 3.9 - 4.0 needs to hold in the coming hours to remain in the uptrend chennel