100% pumps that last 30 days...followed by a glide retracement back down to the 23.6% fib that lasts about 79 days.
if this plays out the same as the last pump & retracement cycle, I will make a killing trading this market for the rest of my life. but yeah...expect at least another 20 days or so of bearish market conditions. The yellow downward trend-line break will be the indicator of the bullish reversal. the $1.50 level will be a good place to back up the truck...if we get that low. but it will all really depend on bitcoin. If we see BTC break to 8k , this will put iota at $1.50 where i imagine a massive bullish response. speculation at this point in time, but i will definitely be updating this as the price action develops.
Best of luck.
if this plays out the same as the last pump & retracement cycle, I will make a killing trading this market for the rest of my life. but yeah...expect at least another 20 days or so of bearish market conditions. The yellow downward trend-line break will be the indicator of the bullish reversal. the $1.50 level will be a good place to back up the truck...if we get that low. but it will all really depend on bitcoin. If we see BTC break to 8k , this will put iota at $1.50 where i imagine a massive bullish response. speculation at this point in time, but i will definitely be updating this as the price action develops.
Best of luck.
