IOTA BTC A chart from heaven

6. Feb. 2021

I know it's about opportunity costs right now. So many alts are positioned super sweet vs usd AND vs btc as well. To name a few (the ones I have in my portfolio, yeah I am biased, a little ;-)): LINK, ADA, NEO, EOS, BNB, XLM etcetera etcetera. Iota has not gotten much love recently. It deserves some love right now in my humble opinion.

This is a chart which shows sooo much upwards potential, I had to bring it. Not much time right now, trading myself, I will clarify AND update later on. Look at trendlines, a massive confluence of textbook bottom lines, look at the nice RSI divergence as well. Ma20 crossed the ma50 (the latter is about to flatten). 75 percent sure a big winner.

7. Feb. 2021

Anmerkung

4h zoom in

I accidentally wiped a whole lot of text. Anyway, short version, I expect green to be touched soon.

7. Feb. 2021

Anmerkung

When I look at Iota vs usd, I see an inverse shoulder head shoulder figure.



The neckline is more of a zone instead of a very clear and defined price point, but it looks to me we are punching through it.

I try to find bearish elements, just being diligent and analyzing thoroughly, I just can't find any.

7. Feb. 2021

Anmerkung

Zoom in 15

Consolidation.

8. Feb. 2021

Anmerkung

Same picture. Not much going on over there.



I expect some movement now, and I am not 100 percent sure but quite confident we will be heading North. Towards that purple pinkish line or whatever color I picked there.

8. Feb. 2021

Anmerkung

Okay, we got the expected movement towards purple pink and even beyond that.

Afterwards we got movement as well, that's undeniable.



Quite peculiar price action I must say. I just observe it with some animosity, I return from some (deserved) rest. You cannot trade 24/7.

I guess some stops would have been triggered if I had been around. I probably would have bought that break above purple/pink whatever color it is. I am a little colorblind, I really don't see it.