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IOTA

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
IOTUSD: Trend Reversal and the Perfect Trade How should the perfect buy opportunity look like, if we talk about a trend reversal? Here is an example for you that can be used with any timeframe and in any market. We have a local downtrend, which is a correction of the main uptrend in the higher timeframe. The price reached the support zone and bounced form it several times. It tells us that the support zone is strong, and it can reverse the market. Indicators confirm the price reversal and a possible upward movement. The market gives us a trend reversal signal based on a bullish divergence. If the price breaks the local downtrend line, it will confirm the trend reversal. We have a strong buy signal based on the trend reversal signal. Entry Price: above 0.2750 Stop Level: below 0.2530 Profit Level: at 0.3480 Risk per trade must be no more than 10% of your capital. It is an example of how we can use the buy opportunity. Don't forget that in our case, Bitcoin can change the whole situation in this market and push the price below the support. That's why the proper risk and money management must be involved in trading. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:IOTUSD
by DLavrov
IOTA/USDT time to do nothingHello traders, I see two scenarios for IOTA/DOLLAR, we are inside a downtrend channel. We are close to an important level of support level that can hold the price and retesting the resistance line, and we may be moving sideways or breaking the line in uptrend moviment, and the second scenario is the price test that the support line of this downtrend channel I only buy this asset close to the support line of the downtrend channel, or above the long term resistance line. Now is time to do nothing in IOTA, only watch the price reactions at thoses points. Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
BITFINEX:IOTUSD
by MarketMinds
IOTUSD: Good Buy OpportunityThe market looks interesting for buying in the long run. We have the price reversal confirmed by RSI, MACD, and a reversal candlestick pattern. If Bitcoin keeps the upward movement, this market will be able to reach the important highs at 0.3500 and 0.5500 levels. It makes this buy opportunity very interesting as we have enough space for the upward movement. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
BITFINEX:IOTUSDLong
by DLavrov
2
ICX/BTC Bullish Pennant Another 110% Potential Rally ??Since the massive Rally ICX has been correcting so far. You can see clearly it is forming a bullish Pennant and also hovering around .5 fib level. If yes there's an "IF" it breaks to the upside. I'll add positions on retest. IMO upside momentum is highly likely as the Dominance is falling for the BTC and alts are getting relief. ICX is among those alts with strong fundamentals. The red dotted line is the long term Resistance. MACD is showing Bullish signal too. Let's wait for the breakout to enter. #Peace
Long
by Cryptorphic
1
There is a trading opportunity to buy in IOTABTCTechnical analysis: . Miota/Bitcoin 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 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000267) Ending of entry zone (0.0000213) 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= @ 0.0000349 TP2= @ 0.0000455 TP3= @ 0.0000623 TP4= @ 0.0000810 TP5= @ 0.0001012 TP6= @ 0.0001507 TP7= @ 0.0001906 TP8= Free
Long
by ForecastCity
8
There is a trading opportunity to buy in IOTABTCTechnical analysis: . Miota/Bitcoin 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 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0000267) Ending of entry zone (0.0000213) 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= @ 0.0000349 TP2= @ 0.0000455 TP3= @ 0.0000623 TP4= @ 0.0000810 TP5= @ 0.0001012 TP6= @ 0.0001507 TP7= @ 0.0001906 TP8= Free
Long
by ForecastCity
6
#IOTA STRONG - long term view - double bottom on weekly.I always say that - but people often look at too short time frames - and that needs repeating over and over again. What many see on 4H charts has nothing to do with long term 1W setups which to be honest are my favorite. Double bottom here on BTC will make this trade my #BTC harvester... since I simply am not going to sell at first green box target... Good luck everyone - IOTA STRONG. We area so early - great opportunity...
Long
by crypto_poet