rsolva

Possible upward trajectory for IOTA from .00023/4 BTC

Long
rsolva Updated   
BITFINEX:IOTBTC   IOTA / Bitcoin
BTC broke upwards today, but the sentiment for a big upswing seems to be lacking. Combined with a bullish long-term view for IOTA (based on the fundamentals), this could translate to IOTA/BTC finding support at .00024 or .00023 BTC.
Comment:
UPDATE: Should have drawn a trendline following the bottom of 22. december and upwards to todays bottom. In that case, .00024 seems the most likely point of return to upwards movement, right before it hits the 0.236 fib.
Comment:
UPDATE 2: Published a refined version of this idea:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.