Get started

IOTA

IOTA ready for an impulse?I kind of feel like something is brewing here on IOTA from a market structure point of view. Its a bit of a long term call but its building sweet structure on the higher time frames for 2 really good impulse moves. 1. A break above the current resistance will see us free of a lot of market structure an possibly see a big push to 2 significant supply blocks. 2. Another rejection at this resistance level will see a possible break in trend as short sellers come in to push momentum down back to the previous pivot low. Im going to play this one on 2 accounts for a hedge, I'll be opening a long on trend next time it comes close and then keeping an eye on it pushing through resistance, if it breaks trend ill pull the pin due to invalidation. When it gets to resistance again ill be opening a short on a second account and waiting for the break in trend, if it breaks above resistance ill close the trade due to invalidation. will update when we get some action.
by DeNomics
IOTA/BTC - 15/10/2020 - The Great AccumulationAlthough IOTA does not have miners or stakers to raise the price, the project has excellent developers and community. In addition, the project counts a lot of enthusiasm in the academic, industrial and technological environment. The Coordicide event should push prices to higher levels in 2021. Until then it is time to accumulate. The weekly chart suggests that below 2600 satoshis is a big accumulation point and the kumo cloud has been narrowing, this means the downtrend could be over soon. A possible Elliott wave 1 and 2 are in the chart.
Long
by outbreeak
BTC USD / BTC EUR - two possible scenariosWe're curently in a range which might present us actually three scenarios. The one with smaller probability not listed in this example is price stagnation and side movement, which (due to a long term breakout) has a positive impact on LONG positions. Presented here however possibilities consider short term price movement which is restricted by previous behaviour of global traders community. Breakout above current resistance will result in signifficant price movement towards the upside - possibly well above presented here top from 17'th of August (LONG term dynamics). We can't however exclude here long term (strong) resistance in this area, hence tight stop losses are recommended and appropriate capital managemet as always is cruicial for the long term outcome of trading activities. For short term traders LONG here isn't a bad idea since there is a little bit of space for growth, considering visible RSI and supportive (not presented here) 100 Expotential Daily Moving Average. Apart from my cold storage capital - I stay here out of trading, waiting for further price development after unfinished yet weekend. Have a great day - and good luck with your consistency.
BITSTAMP:BTCUSD
by crypto_poet
Bitcoin EUR / BTC USD. Two possible scenariosWe're curently in a range which might present us actually three scenarios. The one with smaller probability not listed in this example is price stagnation and side movement, which (due to a long term breakout) has a positive impact on LONG positions. Presented here however possibilities consider short term price movement which is restricted by previous behaviour of global traders community. Breakout above current resistance will result in signifficant price movement towards the upside - possibly well above presented here top from 17'th of August (LONG term dynamics). We can't however exclude here long term (strong) resistance in this area, hence tight stop losses are recommended and appropriate capital managemet as always is cruicial for the long term outcome of trading activities. For short term traders LONG here isn't a bad idea since there is a little bit of space for growth, considering visible RSI and supportive (not presented here) 100 Expotential Daily Moving Average. Apart from my cold storage capital - I stay here out of trading, waiting for further price development after unfinished yet weekend. Have a great day - and good luck with your consistency.
by crypto_poet
5
Setup is great, but... IOTA-BTC is back to it's "value area" as indicated by light blue. It is what I refer to as "bullish cloud". There is a bull div on the VZO indicator as well, which tells us that bullish move is around the corner. First target is very obvious, a 70-80% price boost. I believe this will happen before Christmas. As for the second offered target, which is anywhere between +150% and 200% from here - I have doubts. I doubt that IOTA can draw sufficient amount of retail traders which are needed to execute a pump of this scale in the current market conditions which are full of doubt and fear. But then again IOTA whales likely need an exit pump so this is what may just happen.
Long
by Owcheew8