All targets met. Slow decline continuation. Short.The price hit all downside targets (1.6223, 1.5169 & 1.3417) as it continues to trade within the very rigid bands of the 4H Channel Down (RSI = 36.191, Highs/Lows = -0.0144, BBP = -0.0610). The next obvious TP is the 0.9132 1W Support (MACD = 0). Since 1D however is oversold on STOCHRSI = 4.819, STOCH = 10.065 and Williams = -95.801, we expect a slow pace.
IOT
What will happen next with BTC?Hello followers hope you are having a fantastic day so far.
We have prepared for you all market breakdown on what is about to happen next.
With BTC we could see a nice pull-down to my 6650 area where we stopped and started consolidating for past few days. So what is about to happen next?
BTC could possibly re-test the major trend-line which is shown on chart and then start melting back to around 6600 area. But if BTC close below 6600 area second scenario will be in-play. Because of late institutional manipulation that we could have seen BTC spiked from around 7700 to 6600 in one week so bearish momentum is in play more, and by that we are focused on these levels. We think that BTC could easily spike to around 5500$ in a 2 weeks, from where we could easily see 4500$ area and spike to around 3500$ area where also sits 200 EMA on weekly. Do not be afraid. We do not think that BTC is dead. Actually we think that spike to around 3500$ area is the best thing, that can happen to BTC, because the major bull-run will happen after that. If we do spike to that area(3500$) we will go straight to 12,000$ in a couple weeks. But if BTC doesnt close below 6600 area there could be possible move to that 12K area. But we think that bear market is not over, because we break that major trend-line which was respected for too many times and BTC used to reversed from there. But not this time.
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Lest be reali(OTA)stic here... simple long term investigationFirst of all : trend is not our friend now - it's a bad a$$ which makes it all awkward. Out of all of fantastic projects out there IOTA is more unique than any other. Not a blockchain but tangle, no mining, no fees, no Satoshi Nakamoto -but yet it resides in top 10 cryptocurrencies in marketcap for number of months now. Many will approach me here proposing ice bucket challenge - but let me tell you something - this project have HUGE potential... in long term.
Currently on 1hr we can see falling wedge as sign of possible bullish movement to the upside for shorts - I would be careful here however with statements that we're going up due to serious resistance and other indicators which states otherwise.
On 4h we finished last 5'th part of Eliot wave at 3'rd of June and now we can see that head and shoulders pattern is forming confirming movement to the down side... In my opinion if market will not go sideways by 11'th of june we will be back at 1.35$ levels.
1D presents ONE MASSIVE descending triangle with HUGE resistance at 1$ levels and that's nothing short of one enormous bear sign.
And than there's 1W ... with history of BTC skyrocketing until fuel was lost in December, since we're just gliding down on one massive parachute of adoption in areas of stratosphere... and in my opinion - there is land (and horizon) not waiting for us not that far.
I've read article today somewhere that until now Bitcoin was dying at least 300 times... 299 times it always went back to where it was before. Just on this simple rule we can assume we will see same levels we reached previously in future - not because of logic, science, and unbelievable properties and advantages of cryptocurrencies but by greed, newbie traders and hype related to market cycles. If you're patient enough to wait - wait and stay positive, remembering excitement from the past when everything was going so well, so easily that even chasing stop loss was nearly impossible :D
Since it's IOTA's investigation just imagine, that developers are working hard on block-chain in order to decrease payment fees and improve speed of transactions - with IOTA it was sorted before tangle was created ! it's fee free algorithm which speed depends on amount of users - the more adopted the technology, the faster it is (in order to create transaction from your own device this device must first confirm 2 other transactions !).
Now let it sink in ... since all cryptosphere is more-less based on assumption - is this a good concept ?
I think it's ok to accumulate...
If you're a trader don't ignore our rules, levels, theories - remember of capital management and strategies which works best for you - in the meantime...
Let's trade...
IOTA Short-Term Upside TargetIOTA formed the bullish divergence on the RSI oscillator after it found the low at $1.33. The following wave up resulted in a break above the 200 Moving Average and the downtrend trendline, suggesting the the price is likely to change the trend.
Fibonacci, applied to the corrective wave up after the trendline break, shows that currently 127.2% Fibs level, at $1.7, is being rejected. At the same time the 200 Moving Average also acting as the support, that is currently holding.
Such price activity suggest that IOTA should start to move higher, and could reach $3 resistance area, confirmed by 127.2% Fibs applied to the corrective wave down since 3rd of May.
If IOT/USD will break below current support at $1.7, confirmed by the daily close lower, the bullish outlook could be invalidated and IOTA could decline back to $1.33 support area. But considering the risk/reward ration, it seems that the buying opportunity is very reasonable at this time.
#IOTA is in the clouds, rejection around KS region#IOTA is in the clouds , rejection around KS region. Facing an important test in a few hours . The break above 50DMA (1.88) . If we get confirmation of the break then we can expect a bull run to 2.3 level from iota
50DMA break is important for $iota, currently at 1.88
Historical data whenever #iota has broken 50DMA level:
22 May: -23% drop in 8 days
14 April: +104% in 19days
16 Jan: -74% drop in 81days
9 Nov: +1024% in 27 days
8 Sept: -47% in 55days
4 Aug: +240% in 13 days
We need to be on the sidelines till we get a confirmation of the break, if entry is from 1.72 level then SL should be trailed appropriately.
IOTA ZIG ZAGWe can try to short IOTA till 1.64. 1. 64 is the 0.5 retracement of AB … 5-0 reversal pattern. This is more than an hypotesis.. there is a nice support there. I think that we could reach 2.20 after that.
Wait for confirmations and always a look at what bitcoin does..
You can see in an old idea that we are again at resistance against ETH and BTC.
Iota | Moving in XABCD Pattern Iota can go up with support XABCD Pattern and MACD
I think Iota can go down a little to zone buy 1 and zone buy 2
We can set a fews buy in this
Zone buy 1 : 21800 - 22100
Zone buy 2 : 20500 - 20800
If Iota countinue move in XABCD Pattern Iota can go higher 27000 in mid-term
Market can go up and down in this time
But in mid-term and long-term . I think it will go up
IOTA vs Bitcoin Price Prediction 2018IOTA has fond the bottom near 140k satoshis that is 76.4%. At first price went slightly lower, but eventually rejected the Fibonacci support together with the uptrend trendline. Price went up and on a corrective wave down rejected the 61.8% Fibonacci support together with the upper trendline of the descending channel.
All-in-all trend now is bullish and growth is likely to continue. The nearest resistance for IOT/BTC is around 420k satoshis, that is a potential double top. If price managed to break above, the next resistance and the key target is around 640k satoshis, which could be reached this year.
On a downside, IOTA could correct down to the 50 Moving average and even down to the 140k satoshis support, but only a break and close below 127k satoshis could invalidate bullish outlook.
There is possibility for the beginning of uptrend in IOTETHTechnical analysis:
. IOTA/ETHEREUM is in range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0018)
. Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0023
TP2= @ 0.0028
TP3= @ 0.0034
TP4= @ 0.0043
TP5= @ 0.0057
TP6= @ 0.0074
TP7= @ 0.0134
TP8= Free
There is possibility for the beginning of uptrend in IOTETHTechnical analysis:
. IOTA/ETHEREUM is in range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.0018)
. Ending of entry zone (0.0015)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0023
TP2= @ 0.0028
TP3= @ 0.0034
TP4= @ 0.0043
TP5= @ 0.0057
TP6= @ 0.0074
TP7= @ 0.0134
TP8= Free
IOTA Has Over 100% Upside PotentialIOTA formed a bottom near $1 psychological support and price started to move up. IOT/USD broke above the 50 Moving Average followed by the breakout of the descending channel. Price has reached the high at $2.7 and corrected down.
The support has been found at 50% Fibonacci retracement level that is $1.8. At the same time IOTA is rejecting the 50 Moving Average and the upper trendline of the descending channel. If current support will continue to hold, price is likely to move higher, where the next resistance is seen at 61.8% Fibonacci retracement, that is $4 area.
On a downside, daily close below $1.7 is required in order to invalidate bullish outlook. In this case IOTA might go down, towards previous support area at $1
End of wave 2 ??Here RSI is at a critical level near 47-48 range. If it sustains we can see the starting of wave 3.
IF that level breaks and BTC remains unstable, level 40 on RSI could be seen as a support.
Hope that this level sustains and we can see a pullback.
NOTE - 1.This is not an investment advice, its just for knowledge purpose.
2. Any suggestions or idea will be appreciated as I am learning TA.
Fitbit: an AI and IoT Play - This is the Cheapest it's Gonna GetFitbit's value isn't just in its wearables.
It's in its data and cloud connectivity.
Fitbit's had a good run with its line of functional, stylish activity trackers and health monitors. Customers can choose between classic trackers, a few smart watches, and even smart headphones and weight scales - with a large selection of accessories to mix and match throughout the product line.
But that's only taken Fitbit so far - in the case of its stock price, down massively into the single digits since 2016.
Fitbit's stock has been adrift in the single-digit doldrums for a long time now. But believe it or not. . . This is the cheapest Fitbit is ever going to get.
Why? Because Fitbit is making its foray into its next big space, its next supreme endeavor - health monitoring, big data, electronic medical records, and cloud connectivity.
On 4/30/18 Fitbit announced it is partnering with Google's Cloud Platform to facilitate its entry into the data and I.o.T (Internet of Things) of healthcare. Real-time biometrics, new and innovative application use and creation, population health analysis, and more will form the meat-and-potatoes of Fitbit Health Solutions - Fitbit's initiative to use omnipresent real-time and stored data and analysis to achieve positive health outcomes with mass health monitoring.
Visionaries and forward-thinkers have been talking about the burgeoning field of biometric sensors and health monitoring for a few years now. Fitbit and Google look to be the mainstream facilitators and operators in this new space of healthcare. And we all know humanity's two concurrent life-changing revolutions - AI and blockchain - will be a big part of this.
The technicals are nicely supporting the story. The stock has been in the $5-$6 USD range throughout 2018, and a case could be made for an inverse head-and-shoulders bottom printing since February 2018 to today (though it might be just range noise); but with volume relatively low, we may only just now be at an inflection point - the big moves and big money are probably a little ways out as Fitbit's brand-new endeavors prove themselves throughout the rest of the year and into the next and beyond.
Fitbit could be at a massive discount with huge money to be made longer-term.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
Not a Top, AI Immergence, Microsoft Run to $121 this Summer. . .I wouldn't believe it myself if I wasn't writing about it, but MSFT still has some room to run.
Microsoft's story and technicals favor upward movement these next few months.
Thanks for lending your attention!
MSFT is printing an ascending triangle with previous highs in the upper USD $97's, but when price breaks up those levels won't provide much resistance - more on that later.
For now, let's talk about Microsoft's direction as a company. CEO Satya Nadella understands the importance of Web 3.0 and 4.0 and sees the immediate future of computing lies in cloud services, Infrastructure as a Service (I.a.a.S) systems, and Internet of Things (I.o.T) technology and connectivity.
In Q4 2017, Microsoft was already taking market share from the undisputed giant in the space - Amazon Web Services (A.W.S) - with their initiative to expand and improve their Azure cloud platform. Microsoft is pushing efforts to recruit development talent to Azure and onboard more users with improvements and expansions of the platform.
Nadella and Microsoft also understand the revolutionary implications of Web 4.0 and what role AI will play in a "smart Internet". Data and connectivity will be king as AI systems facilitate the wholesale immergence of automation into the human experience, and Microsoft's decision to steer initiative away from products like Windows and into projects like AI development will pay off as automation and I.o.T become a part of everyday life just as Microsoft's operating systems became a part of everyday life back in the 90's.
Shifting focus to the technicals, MSFT is tracing an ascending triangle that is approaching an apex. Price moves follow compressing ranges, and the direction is looking up. The chart shows high volume on the dips in the triangle, indicating buyers are scooping up what they perceive as cheap shares.
Looking way back on a monthly chart, we can see similar price action in 1999 to what we see so far in 2018 - and that means we may not be at a top just yet.
Mimicking 1999's chart would mean bad times long-term, but in the short-term would mean a run in price over the summer and possibly through the end of the year with prices putting in a top sometime in the next few months. I believe this price action meshes well with MSFT's endeavors - shifting focus away from Windows and into I.a.a.S and Azure as well as AI, automation, and I.o.T technology. This shift may put pressure on stock price in the next couple years, but in the short-term, Microsoft might have a relative top ultimately 25%-30% higher than today's prices.
Microsoft could be cheap right now given historical price action, current technicals, and the overall story of the company. I believe Microsoft hasn't put in its highs of the year just yet; the summer and fall could see MSFT in the USD $120's.
I'm still bullish on certain sectors and certain stocks, but in the world's precarious geopolitical and financial environment, I keep some puts on the market and recommend traders and investors alike be prepared for a transition into a bearish paradigm. Be ready for sudden drops in the market. Let profits run, look for good stories and charts, but don't be afraid to take some off the table if you've got good numbers on paper.
Please like, follow, and share, and maybe we can have fun and do great things together.
Thanks again!
See it on the site: holsturr.com/category/markets/charts/
** For speculative and research purposes only - good luck! **
IOTA BreakdownA little late on the IOTA train, but here are the support/resistance lines I drew out. In my opinion, a major breakout looks like it could be taking place, especially if you look at the 1-day chart. I would keep my eye on this one and expect a drop down to key support levels (grey rectangle) and then a spike up to $2.90.
Time to buy IOTAI think that IOTAETH found a good support at 50% Fibonacci level, also 50EMA is going to cross 200EMA, which is strong bullish signal. We can make some purchases at this levels (0.0028-0.0030). Profit targets can be placed at 0.005 (70% of position) and 0.0067 levels (20-30% of position).