If history is known to repeat itself, and as a wise trader once said "because it cannot be compared to any asset... except itself" I figured I would overlay BTC's candle formation from the crash commencing September 2017 and leading up to ATH -2.71% reached Dec 17, 2017. Let's see how this plays out.
This plots the exact value of the current IOTA market capital in real-time.
You can find this indicator in the public indicator library!
Search, "IOTA".
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Just an interesting observation. While looking at the structure of a number of different "Alt" coins I started to see a pattern. Granted, markets move the way they do because of the actions of the participants- which are more often than not going to be similar to other participants. This is why fibs work, and why there is a known bubble cycle. People are...
Different time frames can be selected via controls
study("Add TimeFrame", shorttitle="TF Layer", overlay=true)
res = input("240", type=resolution)
o = security(tickerid, res, open)
h = security(tickerid, res, high)
l = security(tickerid, res, low)
c = security(tickerid, res, close)
col = c >= o ? lime : red
plotcandle(o,h,l,c, color=col)
