chrison

Potential up swing after a formed higher low

Panjang
BITFINEX:IOTBTC   IOTA / Bitcoin
In iota's history we had 3 formed higher low's (marked by the red lines) and every time at least +100 %.
A 4th formation has just formed. The chart looks bullish at the moment but we have to consider that the market leader bitcoin still looks bearish. So i will wait a couple of days if the higher low is confirmed and bitcoin finds strong support its time to buy!

Dont forget to take profits at the resistance lines!
Penafian

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