DrJLT

Iota if no breakout this week will miss Jan

BITFINEX:IOTUSD   IOTA /美元
Iota hasn't performed for a long while. Currently, it's in an ascending triangle . Unlike the last time if had a fake out (to 4.5), this time we're not seeing a bearish divergence.

I think the most likely scenario would be a spring from $4. Having said that, because I expect ETH to start correcting soon & BTC             may also be moving, the market may not offer enough enthusiasm without major news -> this means we'll probably have another fake out, with likely target of $4.3 ~ $5.

Still, it wouldn't be the first time iota failed to break out of 4.2. In that case, we'll likely revisit sub-3.7.

評論: I overestimated iota again. This guy isn't going anywhere soon. I sold last night & rebought this morning thinking it could go up -> as it has been severely oversold across the board at 30min time frame and above -> small mistake, paid too much for it :D
Now deeply regret buying it back :(
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haraop DrJLT
@DrJLT, All markets are going down. It's crazy.
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PgTower haraop
@haraop, Just FUD from the CMC removing removing Korean exchanges from their coin price calculations. Markets will rally again soon. Source: (https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/)
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thank you for the update.
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thanks for sharing your thoughts, keep on doing the same
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