Iotabtc
going soon?- Double bottom, sat on major support.
- Bullish divs on RSI
- Hopefully we cross the 0 line on the price action vigor for more confirmation
- On balance volume + 30 day MA = tick up, we are looking for them to crossover for a nice bullish move
- looking bullish on the smaller time frames
buying more and holding for a little while
IOTABTC formed bullish BAT | Upto 44% bullish movePriceline of World's 23th ranked cryptocurrency out of more than 2300 cryptocurrencies IOTA (MIOTA) with Bitcoin pair has formed bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below:
Buy between: 0.00002408 to 0.00002264 sats
Sell between: 0.00002752 to 0.00003265 sats
So mid term trade has potential to give upto 44% bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic BAT pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Iota a decent move? 12HR- Sitting on a nice pot of resistance
- Bullish divergence on the oversold RSI
- Coming out of the oversold region of the RSI indicator (may pull back a little)
- nice bullish tick up on the PAV which may indicate a reversal here
Looking for a move back up to between 2700 & 3000 sat
Let me know what you think in the comments below
Thank you!
MeowSignals - IOTA/BTC Free Trade CallEntry: 2257 sat
Stop loss: 2208 sat
Take profit: 2441 sat
Expected call duration: 4-16 hours
Call strength: medium
Call risk: low-medium
Brief Summary: IOTA approached the first standard deviation of the 4H 50 Bollinger Band, but its entry was denied. A second retest and the entry itself is likely, as the price met a significant bottom pivot and a retrace is inbound. The target is the 0.382 Fibonacci Retracement, or the 4H 50 SMA. The signal is also supported by a bounce from the daily 200 lower Bollinger Band, which acts as a support in compression. Proper stop losses should be set. Small loss, small loss, BIG WIN - remember the strategy.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
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IOTA/BTC TA Update (Big Bounce at key support?)IOTA/BTC
IOTA price has now reached the 0.618 Fib support and an area of confluence plus descending trend-line support.
There is a high probable chance of bounce will happen in this area especially when RSI is approaching oversold condition.
We could expect some price action to happen within a week.