rsolva
Long

IOT/BTC nearing end of triangle while BTC/USD looses steam

BITFINEX:IOTBTC   IOTA / Bitcoin
As IOT/BTC nears the end of a triangle on the 4H chart, the question is if it will brake out of the triangle or stay inside and continue upwards. Bitcoin had a nice upswing today, but it seems to have lost it's steam. Low volume and some indecision. The bigger picture from the last few weeks is that many alt-coins has surged in price, and this might continue if BTC fails to brake trough the current resistance around $16 200.
Trade closed: stop reached: BTC decided to continue up, maybe test $16 500 as next top. This caused IOT/BTC to break out of the triangle.
It is "break" not "brake"... just a pointer, not a neg
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