IOST/BTC 4 hour equilibrium

2 Mar 2019

#IOST BTC - Nice tightening 4 hour range. May take a few days to play out but if you catch it should be an easy 5-10% if it breaks bullish. The best way to play this one may be to buy at the bottom of the triangle if it gets there and you can keep a pretty tight stop from there below 189 which will be around 3-4% max. Otherwise play the breakout. E waves are tricky so keep an eye on it. Could go up from here, but the bearish divergence on the RSI says it'll retrace or at least consolidate for a bit. Not a big trade, but an easy play if the conditions permit.

3 Mar 2019

Catatan

We ended up with a bit too much of a push at once and IOST didn't have any momentum left to really breakout. 1 hour got overbought and there was some serious bearish divergence on the 1 hour. Coming back down to the bottom of the triangle that looks more ascending now. Can definitely take a trade at the bottom here with a stop below 192. Though I'll admit there's probably better trades to be made that move a little faster than a low sat coin like IOST does. Good luck.

5 Mar 2019

Catatan

Trade definitely didn't work out as planned. Ran out of steam and BTC dumping certainly didn't help. We'll try to nail the next one. I will keep an eye on this one and see if anything looks promising. If so I'll Make a new post and link it here as well.