IOT
Lower High crossed. Expecting consolidation.The 0.67000 Lower High on 1D was crossed and the Channel Up (RSI = 57.762, Highs/Lows = 0.1669) is breaking to the upside. We expect IOTUSD to enter a consolidation phase, similar to the late June - late July consolidation, with successive cup patterns. Any upside attempt is still limited at 0.7947 and 0.95 (blue staccato lines) as 1W remains bearish (MACD = -0.282, Highs/Lows = -0.1543, B/BP = -0.5574). We remain short on IOTA, TP = 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
iota btc reversal ideashaving seen some life recently thought id better take a fresh look at the iot/btc pair; i speculate that we may be in for a reversal at the end of october... it will be interesting to see how the price interacts with the fibonacci levels in the next couple of months.
Resurrection of IOTA, aka Jesus Reversal DojiOn the weekly timeframe we have a nice double Jesus Reversal Doji. The entire cryptospace was very toxic in the last year with its greed - a deadly sin. Many people who were in nice gains (including me) wanted still more more profit and their greed was growing parabolically with the price of BTC and other cryptos. God has warned us with this crypto crash and many people lost more than they've gained, but now here we have Jesus willing to save us and give us hope and bring back the belief in the IOTA poject.
From the fundamental perspective Jesus smells the incoming TRINITY desktop wallet and it seems that he really likes this project since he is waiting for it in pain, hanging on the cross for the second week. Now let's just cross our fingers that the price will close at the end of the week with the christian cross. There are still many days to go and it can still turn into satanic cross (pointing downwards), but if we keep praying all together I belief we can see some light soon.
And do not forget about the importance of a single lighted candle. Here is one nice trading quote from Buddha, regarding shorting lighted candle.
“Thousands of candles can be lighted from a single candle, and the life of the single candle will not be shortened. Happiness never decreases by being shared.”
------------------------------------------------------------
***** This is not a trading advice. Please invest responsibly *****
Short term consolidation before further downside. Short.The first curve shaped support held for IOTA and the 4H Channel Down broke sideways on neutral RSI = 47.802, STOCH = 50.707, ADX = 24.263, Highs/Lows = 0. With such a low pace (MACD = -0.104, Highs/Lows = 0, B/BP = -0.0521), the 1D Channel Down (RSI = 37.278) is limited to a 0.6700 Lower High maximum extension. As long as this holds, we will remain short on IOTUSD, targeting 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
IOTA. When will the fall end?After a long fall, IOTA is now in its heaviest price zone. sellers broke down the trend line and now passes its test buyers. After such a strong fall, we need a consolidation and a price zone test that has stopped the fall.
I have two scenarios, from where a strong upward movement can begin.
The first scenario is from a price range of $ 0.41-0.43.
The second scenario is $ 0.35-0.37. It was from there that the previous upward movement began in November 2017. So now, I'll keep track of whether the buyers will keep price zones, whether there are still volumes for sellers to continue to fall, whether buyers will return the price above the trend line and whether the willingness of traders to buy this coin.
If the forecast is correct, the global target is $ 1.
If buyers do not keep $ 0.35-0.37. I'll forget to buy this coin for a while.
Both targets hit. Emerging Channel Down. Short.Both TP = 0.7947 and 0.6704 (Nov 24, 2017 contact point) have been hit as IOTA followed our bearish break-out signal on the previous report, was rejected again on the 1.0195 Resistance and eventually made a new 1D low at 0.6000. We expect a new 4H Channel Down to emerge (RSI = 28.620, MACD = -0.069, Highs/Lows = -0.0378, B/BP = -0.1041) that will drive the price down to the November 02, 2017 contact point = 0.3199 at least, if not the July 15, 2017 = 0.1459. That will be a technical Lower Low within the 1D Channel Down (RSI = 31.382, MACD = -0.086, Highs/Lows = -0.1902, B/BP = -0.3909) for IOTUSD and a rebound is expected.
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the resistance zone (0.96 to 0.70), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.96)
Ending of entry zone (0.70)
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 the 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= @ 1.16
TP2= @ 1.33
TP3= @ 1.62
TP4= @ 2.04
TP5= @ 2.60
TP6= @ 3.10
TP7= @ 3.92
TP8= @ 4.75
TP9= @ 5.80
TP10= Free
There is a possibility for the beginning of an uptrend in IOTUSDTechnical analysis:
. IOTA/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. Price is in the resistance zone (0.96 to 0.70), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.96)
Ending of entry zone (0.70)
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 the 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= @ 1.16
TP2= @ 1.33
TP3= @ 1.62
TP4= @ 2.04
TP5= @ 2.60
TP6= @ 3.10
TP7= @ 3.92
TP8= @ 4.75
TP9= @ 5.80
TP10= Free
IOTUSD - Using inverted chart to plot ABC correctionBrief rant before actual analysis:
If there is anything I'd like to get across from this chart, it's that using inverted charts in bear markets can be extremely helpful when it comes to analyzing wave patterns.
If you go to my recent ETP long idea, (although I didn't show my wave count on my inverted chart), but I was confident of the idea simply because there is a clear-as-day 5 wave structure to the upside (downside in regular chart), and that a retracement is inevitable (go for long in regular chart).
-----------------------
This chart is an IOTUSD H12 chart; it is rather self-explanatory.
On the left, there is a clear 5 wave pattern that makes wave A, labelled in blue: (i) - (ii) - (iii) - (iv) - (v)
In the middle there is wave B that terminates at .786 ret of wave A.
I would like to draw your attention to the black and red wave counts on the right, these are the two possible paths at the moment (according to wave analysis):
Before going into it, please focus on the extended fibonacci lines on the far right. Especially the black '1' and '1.618' levels. These levels are wave (i)-(ii) fib extension of wave C. The blue fib extensions are that of wave A-B.
- Black count: we are still in wave 5 of C, and a reasonable fibonacci target will be around $0.77 (1:1 A-B ext; in blue).
- Red count: we have completed wave C, which terminated at the 1.618 extension of wave (i)-(ii) of C (shown by box with '**'). In this case, wave (iii) would terminate at the 1:1 extension of wave (i) - (ii).
If black count is correct, we should see the price go up to ~$1.00 and reverse back down to the target box.
If red count is correct, we have not only completed our ABC pattern, but also wave 1-2 of two lower degrees. In this case we will be testing ATHs rather soon.
*Note that tradingview's play button does not work for indicators such as this inverted candle chart, you can follow my labels and draw it and follow it on your own. I'd be more than happy to answer your questions if you have any.
----
This is an educational post so I'd appreciate if you share it should the information be beneficial to you. Much love.
IOTA/USD long possibilityIOTA is about to test this heavy support area. Might bounce. Stop loss when when it breaks out of this zone.
Bearish break-out. Strong short.IOTUSD has reversed as the price was rejected just above the 1.0195 4H Resistance (RSI = 33.534), breaking the 3rd recurring Curve pattern. This is the first strong bearish sign and if the 1D support at 0.9156 breaks today, we have confirmation of a new aggressive medium term downtrend. The oversold 4H tech (STOCHRSI = 22.631, ADX = 84.738, Williams = -83.582) may cause a short consolidation as those need to be harmonized but 1D (already on 4 straight bearish candles) should start pushing lower shortly after. Targets intact: 0.7947 and 0.6704 (Nov 24, 2017 contact point).
Market Cap: Controlled Supply vs. Gigasupply CoinsLeft chart shows market cap of top 10 coins calculated using data from coinmarketcap.com from 28 July 2018
Percentages are share of the top 10 rankings.
Right chart is market cap of same coins calculated as if they all had the same circulating supply as Bitcoin (approx 17.1 million)
This makes it clear why it is absolutely pointless to compare the market cap of gigasupply coins like XRP, EOS, XLM, ADA, IOT, TRX and ETH with controlled supply coins like BTC, BCH and LTC. In fact even Litecoin is a large supply coin with its 57 million coins, but ffs Cardano has 28 BILLION coins and Stellar has 19 BILLION !!!!
It doesn't even make sense to talk about market capitalization for these coins. At the end of the day, if these large supply coins are really cryptocurrencies, we should question why such massive amounts have been produced and of course who really holds them!
<< mean 'much less than'
Cup pattern replication. Limited sideways activity. Short.IOTA is on recurring Cup patterns on 1D (neutral RSI = 46.114, ADX = 21.167, Highs/Lows = 0) trading sideways for over a month. The 0.9132 support continues to contain this medium term consolidation and the 1.2548 Resistance to reject it. We remain bearish on the longer term as 1W is still on negative MACD = -0.184, Highs/Lows = -0.2865, B/BP = -0.5280. IOTUSD TP = 0.7947 and 0.6704 (Nov 24, 2017 contact point) on the short term.
STREAMR ON SALE ... soonFor those who don't know - ERC20 token - ethereum based. Great team, project alive - CEO on YT, large community.
Once green support line is broken (with confirmation) we're jumping on a bus towards 0.047 areas. Now - all info on my profile is just and only for my own research, I simply don't care bout no one - since you simply cannot trust internet - learned it the hard way. I look at long term investment - not swing or retail trading... my strategies are safe.
Max investments 2% of overall portfolio - diversify man!
Any discussion is welcome.
Quick
buy : 0.047
sell : 0.065
Patience is bitter but it's fruit is sweet...
IOTA Sort positionWe are moving in falling wedge. I showed all targets and stop loss. We still moving in down trend
IOTUSD - A potential 1-2-1-2 is in playThis is in continuation of my previous IOT long idea, I am posting it separately to keep track of candle sticks formation.
As shown.
There is a possibility that this is a 1-2-1-2 structure which should be followed by an aggressive impulse that is wave 3 of 3.
xmrusd quick longnot sure where this will reverse yet im wanna take a quick long at least to the last swing high and then go from there
IOTA - Potential Reversal or Trap?1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area
2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high
3. Symmetrical triangle is being formed indicating a breakout soon
4. Using Tom DeMark Sequential on the weekly chart, last week's candle gave us a TD Red 9, forming a TDST support at $0.93
I believe right now would be a great time to open a long position due to the reasons listed above. Stop loss would be at $0.93 where the TDST support and the Gann Fan intersecting point is also located at. Please note that the TDST support is not considered broken until the weekly candle closes below it, so beware of fake outs.
