Ok you think IOTA is bullish yet you have flagged your analysis "short"? :D Have you taken a look at the IOTETH pair? Thats massively oversold.
Would now be a smart action to switch the pairs?
cryptobiting
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@Prometheus777, First time publishing these few charts and rushed through on a small screen...Yeah def not shorting. Ooops. I treat BTC and ETH simlarly, havent checked the RSI since Im on this trial thing. Yup they were Oversold as everyone was waiting for this tip to form and now obv Overbought after the breakout. Staying in it after this correction. Sell off IOTA @ 23k Sat and put back into BTC to finish the 5th wave until the big decline begins in about 3 days.
@knowhatamine, BTC's big decline. Not IOTA. Stayed in since BTC decided to take the lower route after 2 bearish fractals on the bilateral triangle. Most of coins are stretched out and waiting for the bottom of the BTC Bull flag to reinject cash into the crypto market. Big bounce to higher heights for the whole market as a whole.
oh ok, i totally agree. i can't see btc moving past 12k after the correction anytime soon. it may be months before we see some profound bullish action.
cryptobiting
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@knowhatamine, Hopefully it passes 12k trendline resistance in the next 3 weeks to confirm we are out of correction. I'd be happy with those gains.
Doktav
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it's breaking out!!!!
cryptobiting
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@Doktav, looking for 22000 Sat resistance, and then if it gets enough momentum and breaks that, then going for 23000 Satoshi. Lets see.