IOTA is really hangin in there. The First loop I made on all that volume is a total of 200 million shares that exchanged at those prices. The difference in volume between the Buyers and Sellers is almost equal, sometimes the sellers were winning by only 2 to 5 million shares. This is an all out war, Bulls against the Bears, which is normal around the point of control (POC). We need to hold .43 cents or so.
If the buyers can push this up above the POC and/or break that trendline, I am pretty sure we could have a short squeeze here and all the shorts will puke out millions of shares and have to buy them back to join the "regular" buyers and maybe we can see this thing POP straight up.
If we cant, then we will hang out down around here between 40 to 43 cents and finish digesting these sell orders.
If the buyers can push this up above the POC and/or break that trendline, I am pretty sure we could have a short squeeze here and all the shorts will puke out millions of shares and have to buy them back to join the "regular" buyers and maybe we can see this thing POP straight up.
If we cant, then we will hang out down around here between 40 to 43 cents and finish digesting these sell orders.
Comment:
We finally broke this frikken trend line, and we did it strong!! Go Bulls!! I hate this crap man, sitting here for days on a daily chart waiting for your idea to come to frution is like watchin OIL based paint dry, its really boring..... Did I mention its really boring, Did I mention.....
