Bullish CrabIOTA had a good pennant running for a while, but BTC's massive rally caused quite the dump in IOTA. This provided an awesome opportunity for low entries with a likely bounce. With BTC being super volatile, i'd scale in/out appropriately.
IOT
IOT 45 Min Time Frame Iota looks like it's struggling. Los Angeles 12:02 AM.
Iota is currently Neutral. It has potential to break to 1.618 or drop if the price action falls below the cloud.
IOTBTC WarningThe confluence of the 38fib and valley of the double-top provides strong structural support. If this level fails, expect a drop, probably to the 61.8.
Iota Long TrendAfter Iota hit my hard resistance line and tanked, I looked at its long-trend history and noticed a pattern--each peak has been generally followed by a steep decline and then a rise to a new high. Within the coming week or even days I expect another uptrend here. However, the disappointing news about Bitfinex and the movement towards mainstream adaptation of blockchain technology has caused a panic sell and has probably turned people off from Iota. For anyone like me taking a long position on Iota, our best bet is to run wallets on full nodes to help Tangle grow. Additionally, while the Iota team is a brilliant bunch, they are largely lacking in social media outreach and marketing campaigns. While this is beneficial to us now, we must ask ourselves a few questions:
1. Will it be easy for companies or governments adapting Blockchain to switch over to Tangle?
2. Does the additional benefit of Tangle outweigh the time it would take to convert to it?
3. Wouldn't it be better to reach out to Iota about strengthening their marketing and social media outreach?
If we can't answer these questions, then we just look like a bunch of speculators who bought into the newest fad coin. We have to share the good name of the coin, folks.
IOTA speculation (all possible EW directions)IOTA broke the downtrend with the first motive wave to around .30. After some consolidation in the form of a triangle, wave 3 was initiated. This wave is in the 11th extension right now. You can see this because every subwave looks almost the same, and the angle of the entire wave 3 stays in the same degrees.
Possible upcoming moves:
The recent spike to .75s has broken the wave 3 structure and could signal the end of the 3rd extended wave. In combination with volume spike & overbought RSI + possibly a double top, this provides evidence for the start of wave 4.
This can:
1. double bottom at .75 (buy here) as a flat correction and then continue in wave 5 or ext 13 to atleast 1.15 (there's no limit to extensions i think)
2. Break .75 on the test and zig zag down to the big support around .60. This would be a great buying oppertunity.
It's also possible that the wick was just a shakeout and theres a lot of extensions left to this wave 3 (sigh EW). This will be the case when it doesn't reach .75 and increase in momentum breaks the .995 high.
You can trade this by buying the break out, and setting a stop loss below the recent swing low at .938, this is not a recommended strategy, but given the extended pumps in crypto could be a rewarding trade.
Be aware that it's possible it could go for a higher high first, which called a flat extended correction and then move down to .75 (evaluate momentum in the breakout)
Questions or additional views are welcome!
LONG: IOTAOn a slight pullback within the forming bullish triangle pattern, it's a perfect time for a long entry.
Since whe are in no mans land price wize and thus already broke previous resistance, I used fib extensions to determine profit taking targets.
IOTUSDFirst resistance at .29. Second is at .32.
IOTUSD seems to be doing well in the month of July. I think it's because people are recognizing its value and more and more media publications are writing about IOTA.
IOTAIOTA channel should bounce back up to .28 now. However BTC is struggling and will overpower the trend if it falls.
Trade safely my friends.
IOT - USD IOTA a line in empty space.I know nothing, just like this line...
thanks
And please, look at somebody's old ideas before you follow. Lots of sun seekers and copycats that agree on everything.
SNSR - Weekly ReviewHere is one of my picks to hold on to until further notice - new ETF, booming market, great news coming out. Might be slow burn right now, but I think a smart investment.
GOGO daily chart view - long & shortLeading provider of in-flight WIFI - good news recently - I think a good long investment opportunity - close to support - entry opportunity - I think it can defiantly reach its nearest resistance @ 13.59 which could net you an nice ~9% gain in the ST.
Why $GE Could Double In The Next Two Years: Industrial Internet#General #Electric Company (NYSE:GE) - Why $GE Could Double In The Next Two Years bit.ly #GE $GOOG #iot #ioe
BlackBerry Looks Weak on Weekly ChartBlackberry reported fair to poor earnings on 6/23.
(.05) per share, but reaffirmed guidance on software.
Revenues improved in software, but lower than expected overall.
Company convinced it still needs to make phones, even though they have no traction there currently.
Software and IoT force in the near to intermediate term.
Stock hit resistance and dropped like a sack of bricks.
Bollinger band expanding into negative territory.
Target price close to 8.50, 8.00 in the next three weeks.
I'm long BBRY because it's greatly undervalued on a purely book value basis (cash on hand + patents + software business, etc. = $6B - $8B depending on valuations; current mkt cap $4.7B). While it should improve by about $2.25/share minimum, in the short term, this could drop farther.
