MACD is bearish and RSI is neutral however the timing for BTC is perfect considering consensus which seems to be a positive event for cryptos. BTC is staying above 8600 for last few hours and that's a good sign. Not much volume so can't count it as support and hard to identify any great resistance in sight. If things which drive the cryptos remain positive,...
well looking at the day charts you can see how low IOTA is compared to BTC and ETH. Stoch RSI, MACD crossover, RSI all telling you it is buy time. Feel free to join my shilling here. Shorting time is over ;-)
We can place buy stop on the breakout of doji bar. it has retouch the broken level and formed doji.
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...