IOTA.. When BTC moves ALTS see red!
So before BTC when on its run from 9,000 to almost 10,000 A lot of Alts where picking up steam. IOTA being one of them. We all see it clear as day that when BTC begins to run traders pull funds from their alts and place into BTC to more than likely keep the BTC value in their portfolios. Thats just my opinion. So when we get some sideways movement most of those Alts that were currently trending up and took a dip tend to make the way back to where they dropped from. I have seen it time and time again.
With that being said a close above that 15 EMA on the 4hr chart for IOTA would indicate a bullish scenario. I will have stop losses set tight with the hopes that BTC and trade with in that channel I previously posted. For now and until BTC makes a bigger move I am bullish on IOTA for a small % of gains.
With that being said a close above that 15 EMA on the 4hr chart for IOTA would indicate a bullish scenario. I will have stop losses set tight with the hopes that BTC and trade with in that channel I previously posted. For now and until BTC makes a bigger move I am bullish on IOTA for a small % of gains.
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