MrRainbow

iota update 25nov2017

Panjang
BITFINEX:IOTBTC   IOTA / Bitcoin
getting the hang of this UI and such. This update is basically the same as the last one but with a clearer chart and more wit. Also, that text on the chart is 20pt, which is enormous on my screen. I am planning on tracking IOTA all the way... well, at least until everyone realises the software is rubbish (as will happen with 99% of coins, so please don't think much of that. Anyway.. it's not done Eth any harm, has it?).

I'm doing this for me, not you, as I anticipate trying a bit harder to get things right if I publish my shit, like.


My original prediction (see below) had primary A finishes a bit lower to coincide with (4), I was long from A to about 0.0000915 I think, and it hasn't been fun watching it frolic around 0.00011 for the last week but playtime is finally over.

So, good time to re-assess.
On closer inspection (you can't really see it on a day chart) the (3) is extended, and it's pretty regular to see corrections go to 3-4 in the extension.

The 'B' looks sharp, and could already be finished.. but I didn't think so when I drew this a few hours ago and the downtrend has continued. Can probably use the shadows if you want to be clever (as I have with the arrow) and get it at the floor. But it's rare I meet a clever person who's fucking minted, ya know?

I'm probably going long the second it breathes on the 'B' box, I've been watching a lot of my bids miss by a few satoshi recently and that gets really annoying, really quickly.

It's really early days so anything could happen really especially with BTC just getting the final OK's from ground control.
Risk still extremely high (omnomnom)
Penafian

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