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IOTA

Bullish until 6'th of JuneAt present there's two important lines on Bitcoin vs Us Dollar chart - both long term. There is no point a looking at 1H, 4H if you don't consider trend direction. IF this support line holds - we are building really explosive bullish pennant. Few months ago I said a lot of people will sell to early. I am actually surprised seeing Alessio Rastani (respect) saying on YouTube that he's out. Well - we all have different approach. I have 2 simple rules above all others rules I have. 1. Don't trust anyone, 2. Never sell below profit. You might find it primitive - but with appropriate position sizing and more importantly PATIENCE in trading Bitcoin - until now it always worked out for me. We are now touching THE LINE - all of the theories are based on it - All the Nike charts you ever seen are based on it. I think it's too strong to fail. If we go 1k below current levels - we will be able to say we started a LONG bear market with Bitcoin... and I'm out looking to long SPX. Trade safe guys and don't listen to me- I'm VERY MUCH OVER-EXPOSED to BTC atm.
BITSTAMP:BTCUSDLong
by crypto_poet
IOTA - Capitulation or Dead Cat Bounce?Upon the collapse of BTCUSD from $8000 all the way down to $3.5k, IOTABTC almost broke its critical daily support at 0.00002100 BTC but managed to bounce back forming a V-shape capitulation bounce on the 1h timeframe. This strong V-shape bounce on the 1h timeframe is bullish in the way that it managed to close the 1D candle above the daily support showing us that there are indeed buyers here despite the fear. TD 9 is also formed on the 1D as well as the 3D chart indicating a buy signal here. Whether IOTABTC and other alts will go up in the future really depends on BTCUSD at the moment, but as of now, I think this is a great spot to buy offering a great risk to reward ratio.
Long
by Ernest_Ar
Don't miss the great buy opportunity in IOTABTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . IOTABTC is in a range bound and the beginning of uptrend is expected. . While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Take Profits: TP1= @ 0.0000262 TP2= @ 0.0000310 TP3= @ 0.0000400 SL= Break below S2
Long
by ForecastCity
11
Don't miss the great buy opportunity in IOTABTCTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . IOTABTC is in a range bound and the beginning of uptrend is expected. . While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Take Profits: TP1= @ 0.0000262 TP2= @ 0.0000310 TP3= @ 0.0000400 SL= Break below S2
Long
by ForecastCity
24
IOTA Accumulation channel Triple bottom U-turn Potential 60-120%IOTA / BTC Accumulation channel in increments of 60%. The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom . If this happens, there will be a reversal of the main trend. Target for local work. The potential of this local work is from + 60-120%. Stop loss Under the accumulation channel support line. During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
Long
by SpartaBTC
2
Don't miss the great buy opportunity in IOTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . IOTUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 0.2570 TP2= @ 0.3675 TP3= @ 0.5532 SL= Break below S2
BITFINEX:IOTUSDLong
by ForecastCity
12
Don't miss the great buy opportunity in IOTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.2255). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . IOTUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 0.2570 TP2= @ 0.3675 TP3= @ 0.5532 SL= Break below S2
BITFINEX:IOTUSDLong
by ForecastCity
15
DCL Blogger - your source of all Decentraland knowledge :)Firstly - none of the information posted by me should be treated as financial advice - it can only be taken as an observation of an individual who tries to understand market mechanics for a good few years now. On a daily basis, I work in the engineering sector which requires a high level of specialization - trading is not my primary, but only an additional source of income. I'm a swing trader who does not use leverage - I only follow trends with significant amounts of support. It is no mystery that I trade rarely, limiting my exposure and risk... it is my way, it works for ME. Every trader has a different approach, beliefs, strategies, habits and other characteristics, so don't ever believe anyone that tells you, that they're way is better than your own - they're lying. How it should be approached (my opinion) : IMPORTANT: If you look at other trader's analysis for confirmation of your view - you are already doing it wrong. You should only look at others in order to educate yourself - remember to always take your own conclusions instead of blindly following others. At the end of the day - it's your money... Now down to business : Every analysis should always start from looking at the bigger picture - Long time frame charts, so this is what I'm going to look at first. Since 17 of june 2019 we are in consolidation. According to Investopedia : Consolidation is a technical analysis term referring to security prices oscillating within a corridor and is generally interpreted as market indecisiveness. Said another way, consolidation is used in technical analysis to describe the movement of a stock's price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern. Let's start with the risk: We are currently at the highest price point since September 2019. That's definitely a good place to sell - if MANA was bought any time between now and then. We cannot say yet if we are going much higher since price oscillates around 500 satoshis - previous highs wasn't broken yet. What we need to see in order to increase our assumption of the probability of a significant upward move is a daily candle to break and close above these levels - and that's not all. I never go into a trade if there is no confirmation of a breakout. What I mean by confirmation in this case: If let's say (today) daily candle (or any other day) closes around 580 satoshis and next day or a few days later drops back down to around 500 sats, while closing above this level (as you can see confirmation sometimes takes few days in my style of trading) I would consider this trade as one with pretty high probability of profit and would go in with appropriate position size in order to limit my risk and exposure. This way I can sleep at night :) and maintain a profitable trading account. Another important aspect of trading is appropriate placement of a stop loss. Showman says they cut losses short and let winners win BIG. The truth is that tight stop losses often eliminate you from a game - in here all is about patience and discipline. Some people would laugh if I would say my SL would be around 350 sats area, but the reality is that also I see here possible ascending triangle (in red) formation where suggested entry would be close enough to my stop loss anyways (as of today and if we don't break above resistance which for now is holding strong). If it comes to long term targets - I marked them with green lines. You can scroll and zoom to see long term targets. For now, we are still in consolidation - regardless of recent bullish sentiment. Hope this helps :) Adam.
by crypto_poet