To anyone lucky to be in this insane move, I'd reccomend to trail stops or exit here. Shorting is risky always, in crypto, but selling for something that isn't so inflated due to hype would work. I'm sure there will be a ton of rabid bulls jumping at me for this post, which would further confirm the signal of a top here.
Cheers,
Ivan Labrie.
Order storniert
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This might trend up for another week. Buy signal here.
Kommentar
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Now ready to move. A 5% max position is reasonable, tight stops, under recent lows.
Iota will be listed on Bittrexx soon, the "insane" run up was caused by its listing on Coinone recently.
IvanLabrie
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@rolandcura, yes, good point. I'm not in but it could go to a 3rd target, still time left in the rally. What worried me was sentiment mainly. Fundamentals for it are unclear.
BRRD
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Got out of the major part of my position over last three days in stages, even though I think this is a really promising long-term crypto and I was planning to hold long term.
The move is stupidly euphoric for where we are now.
Similar ridiculous moves in other coins right now make a strong signal that the end is nigh for the whole crypto run including Bitcoin, I believe.
kinga176
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So 4.83 take profit? Cheers for the analysis
BB-19
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best guy
deuxreaper
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Any feedback on the performance?
charona
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I'm holding on to my IOTA spot, for the fundamentals.
stckpkr70009c
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Any updates Ivan? Thanks in advance.
wikayijza
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Very interesting, will monitor how this idea turns out. Thanks anyway!
ExcitingTechnology
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Hey Ivan - Just checking to make sure I’m not dreaming ... but did bitcoin just hit every single price target that a bunch of random a$$ people predicted in June? Holy S%%#^ man. If this isn’t a bubble I have no idea what is.