IOTA / BTC - bullish divergence

On the above 1-day chart price action has corrected 60%. A ‘incredible buy’ opportunity now exists. Why bullish?

1) Price action resistance makes a breakout (blue diagonal line)

2) Regular bullish divergence between the oscillators and price action. In fact there are now 10 oscillators diverging with price action. Incredible. Look left.

3) RSI resistance breakout in late July following almost 100-days of resistance.

4) Price action at breakout is on the golden ratio (0.618) - not shown here to help keep the chart clean.

5) Price action recently made an impulsive move to the upper side of the Bollinger Band and is squeezing suggesting a big move is coming.

This is one very bullish chart. I don’t have a position in it myself, but i’d certainly not hesitate if I were permitted.

Is it possible price action falls further? For sure. Is it probable? Very unlikely.

Good luck!

WW