IOTA - IOTABTC formed a W or double bottom during 2 months

IOTABTC has probably bottomed out, at least locally. Over the time of 2-3 months it formed a double bottom pattern, which finds support in buy volume depicted by VFI divergence over that time span. So IOTA, even if dependent on BTC price (IOTUSD), has probably ended its downtrend in relation to the rest of the market.

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IOTABTC is running sidewards and building up pressure below a resistance, for me its a good sign to see that. It started trending on the daily for the first time in over 1 year.