$IOTA, Weekly Double Bottom…
Weekly
Looking at our highest timeframe we see price has found major resistance at 24000 leaving us with a double top. Since then price has retraced towards our 15000 psychological support level, where we are now looking to form a wammie double bottom. Stochastic RSI showing momentum is starting to bottomed out. A weekly close above our 18000 resistance activates our trade.
Daily
Shifting to our pattern timeframe we see price has recently broke out of its descending bearish parallel channel. Stochastic RSI showing momentum is heading towards the upside, although we may have temporary peaked. A daily close above 18500 activates our trade, and we should see a push towards 24000.
Iotabtc
IOTA ABOUT TO BREAKOUT FOR 400% ? - CryptoManiac101Iota is nearing a possible breakout with 54% possibility of upward breakout according to prior cryptocurrency pattern breakouts of symmetrical triangles. We also should not disregard possibility of downward breakout which stands at 46% possibility. That is why we have Safe SL outlined on chart.
Most breakouts occur within 70% - 74% of pattern progress, however earlier breakout are likely.
Long term holders should go into this coin regardless.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
IOTA: NEW PARTNERSHIPS + TIPSEC ALGO - PROFIT = 17.72% !!!Our "Crypto Bottom" Trade Signal has correctly identified a buy in point on the 23rd of June 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 17.72% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 20: Fujitsu is set to introduce IOTA at the Hannover Messe trade fair in Germany this month. A Fujitsu Full Node that is connected to the first K5 Enterprise IOTA full node will be unveiled at the event.
April 20: The IOTA Foundation (IOTA) and InnoEnergy Scandinavia (InnoEnergy) signed a Memorandum of Understanding coming into effect this month. The two parties will collaborate on the development of smart community solutions and business model innovation
April 21: Fujitsu full node demonstrated at Hannover Messe trade fair in Germany. This allows for machine to machine payments and secure component tracking between robots.
April 30: IOTA Snapshot outline. This aims to reduce the size it takes for nodes to save the entire Tangle (to disk).
May 1: IOTA Ecosystem website is released. This includes an IOTA Development Fund that provides financial support to developers who make use of the IOTA platform.
May 2: IOTA Foundation (IOTA) joins Bosch, Groupe Renault, BMW -0.36% , Ford, General Motors, ZF 0.09% , and other mobility and Distributed Ledger Technology ( DLT -2.82% ) leaders to form a new mobility industry consortium fostering joint development of DLT -2.82% standards, pilot projects, and open source software tools.
May 2: Forbes publishes article on IOTA's price rise.
May 3: IOTA Foundation is excited and proud to start the official unveiling of Qubic
May 3: Huobi to list IOTA.
May 17: Kontakt. io , the leading IoT 50.00% (Internet of Things) location platform provider, announces collaboration with the IOTA Foundationt.
May 23: IOTA announces collaboration with the UN.
May 30: IOTA announces the release of it's Trinity Wallet for IOS and Android.
(NEW) June 7: BitPanda lists IOTA.
(NEW) June 22: IOTA and SinoPac team up to collaborate on digital innovations in the financial sector. SinoPac is one of the largest Taiwan-based financial holding companies which operate through the Asia Pacific
(NEW) June 23: TipSection algorithm operates at 20 CTPS after IRI v1.5.0 was released.
(NEW) June 25: BitPanda partners up with the Austrian Post to allow IOTA to be purchase for cash at over 400 Austrian Post Office branches
The general uptrend in the crypto markets as well as the positive developments outline above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
IOTA approaching the bull/bear lineIn the recent days, IOTA has moved higher, breaking out of the wedge that trapped the price action in the last week or so. After moving sideways, the price pushed below the previous low in early June and it did not stop since then. Only around 0.0001530 the coin created series of the same lows while having lower highs - which ultimately meant that one out of two lines has to break. In the end, the oversold RSI contributed to the price heading higher, breaking out of the wedge and making three consecutive green candles on the daily chart.
So, what happens now? A million dollar question for every trader. If we pursue a classic pattern then we can expect the price to return and re-test a key bull-bear horizontal line around 0.0001810. This level, as it can be seen on the chart, has reacted four times to the tests either from the up or down. Every time we saw a reaction from this level which has established it as a major bull/bear line that can define the price action in the midterm. Hence, our advice is to for longs not to enter any trade as long as we are below the line, if however, we manage to break higher, then a bigger move to the upside can be facilitated. If we see a failed re-test, which is a more likely scenario given that we are in the bear market currently, the price should rotate lower and head for new short-term lows possibly extending all the way to the next key support level around 0.0001300.
IOTABTC Binance 1D up to 30JUN18 Crypto Trading Analysis (TA)BINANCE:IOTABTC
1D Chart, also works in 4H, at this time IOTA (IOTA) is moving up from the SUPPORT ZONE (0.00015000 BTC), gaining strength to increase its price. The 50, 100, 200 MA 100/200 days signals are moving into a convergence crossing descending stage, which is not quite good if keeps going down (YELLOW ARROW), but the MACD Indicator signals are about to pierce below the Histogram (BLUE ARROWS), and the RSI Index is in Bullish after crossing the 30 mark (GREEN ARROW), we could spect the IOTA price to move UPwards in the next days. But remember, this is our optimistic approach, keep in mind that is plenty of possibilities to witness a reverse from any point at any time. At this time the Market Cap is back in the 250 Billions Band and the BTC is traying to push over $6.4K. Good Luck!
1D Chart, también funciona en 4H, en este momento IOTA (IOTA) se está moviendo hacia arriba desde la ZONA DE APOYO (0.00015000 BTC), ganando fuerza para aumentar su precio. Las señales de 50, 100, 200 MA 100/200 días se mueven hacia una etapa descendente de cruce de convergencia, que no es tan buena si continúa bajando (FLECHA AMARILLA), pero las señales del Indicador MACD están a punto de perforarse debajo del Histograma (FLECHAS AZULES), y el índice RSI está en alza después de cruzar la marca de 30 (GREEN ARROW), podríamos esperar que el precio de IOTA se mueva hacia arriba en los próximos días. Pero recuerde, este es nuestro enfoque optimista, tenga en cuenta que hay muchas posibilidades de presenciar un retroceso desde cualquier punto en cualquier momento. En este momento, Market Cap está de regreso en la Banda de los 250 mil millones y el BTC está tratando de superar los $6.4K. ¡Buena suerte!
“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin,” — Steve Wozniak, co-founder of Apple
REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
Equilibrium broke like anticipated, now take profit!Hey guys, just like I've been posting yesterday, we have broken the equilibrium in the 4H bearish together with grandpa BTC & reached the previous lows at 0,88 with more than 5% profit potential .
So: If you played this like I suggested: Good for you! Now it might be time to take profit (if you haven't so far) & wait for further price action on Bitcoin . We're right now highly oversold in the 4h & Daily with BTC , and grandpa still gives the direction.
If you don't want to miss equilibrium breaks next time: Please follow me & watch my daily videos! (description in my status). I wish you a good trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTA in equilibrium, break coming!Hey guys, IOTA, just like grandpa BTC is right now in a tightening range on the 4H with the 1,02 long wick as resistance & 0, 918 as support. A break here is coming rather sooner than later, and will see a big move. Of course, the direction will highly depend on BTC.
A bear break is looking at 0,88 at least. Should those not hold, next supports in the Daily are at 0,85 & 0,7. A bull break could lead at least to the recent highs at 1,075.
=> Since we're in a bearish trend , the break of equilibriums always favors the bears, than it does the bulls. But you still have to wait for a clear break, esp. with those long wicks & fake-outs. So always be more conservative, miss a few percent rather than getting faked out. Set your orders accordingly, and never forget your stop loss. Look at BTC before trading here, IOTA isn't going anywhere without grandpa. I wish you good luck trading! ;)
If you find my analysis helpful, please like & subscribe, and watch my daily videos, I will be talking about the equilibrium today! ;) (description is in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Easy way for you to follow IotaALWAYS LOOK AT COINS IN RELATION TO BTC . NEVER TRUST SOMEONE WHO DOESN'T LOOK AT THE RELATIONSHIP TO BTC.
THE CHART IS INTENDED TO BE ZOOMED IN ON TO SEE CERTAIN POINTS. PLEASE DON'T KILL YOUR EYES LOOKING AT THE SPECIFICS OF THE ZOOMED OUT VERSION.
See what BTC might do before thinking about buying any Crypto. I believe in trading when BTC looks good to bounce (continue/end current trend) and using BTCs the base-point for buying into and out of alts. Coins may trade on their own TA, but more than not, their TA will be affected by BTC. Due to the severity of the big trends possibly ending.
Onto Iota. This chart is pretty basic and an easy way to find good support and res levels. These blue lines were put there in late February and have been respected on our way back through the .25-.5 retracal. The red lines are recent lines i just put up for now, as i am publishing this and id feel better having some information for anyone that reads this in case there is a delay in an update.
Why be complicated when basic lines and MA tell you everything?
On a quick glance, we are pretty close to the .5 retracal.
I want to wait and see what happens.
I want to see how Iota reacts to the resistance right above it.
REMEMBER: One big things to note here is the day of the reversal of Iota's movement upwards. If we look at BTC around the similar time, we will see that BTC had its drop. This time inbetween is often where I see alts recover during the test. I look at it in respect to people and entities wanting to get in at the start of every new trend. So by buying into alt coins when BTC looks set to continue upwards on a bullish trend, when BTC looks to test before it drops, people can maximize their money.
Check my BTC chart related to this and check the 28th and then the movements on IOTA. For any coin, this is a must to understand the pattern and movements of alt coins.
Technical Analysis on IOTA (IOTABTC)IOTA is on major support and is likely to go up
1)The first major long term support of IOTA is 0.00018849 BTC level at which it is trading now.
2)The second major support of IOTA is the long term uptrend line which is shown in sky blue.
3)The third support for IOTA is the 61.8 Fib. Retracement level.
4)Stochastic also indicates it is in oversold level.
5)The immediate target is the 50% Fib Retracement level and then 38.2% Fib. Retracement level.
6)If the support breaks, the next immediate support is the 78.6 Fib. Retracement level and then the 0.00012787 BTC level.
IOTA Price analysis1D Timeframe
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
IOTA, last chance to turnaroundCoin of the day is IOTA
Coming back to IOTA, which did not manage to break resistance last time renewed January lows, and now showing hints of turnaround.
To recap what is IOTA:
David Sonstebo, co-founder of cryptocurrency, states that it was developed to enable the “paradigm shift” to the Internet of Things by establishing a “de facto standardized “Ledger of Everything.”
“Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to components of machines, for example, a jet engine of an airplane or the drill of an oil rig. “ – written in Forbs article.
So, the main goal of IOTA is to enable data exchange between sensor-equipped machines that populate the Internet of Things.
In Aug 2017 IOTA team was accused in the team was accused of writing a low-quality encryption algorithm. A team at MIT published an article detailing their investigation into IOTA. The IOTA team developed their own cryptographic hash function which was discovered to have vulnerabilities involving different inputs hashing to the same output, which should never happen.
Neha Narula, director of MIT’s Digital Cryptocurrency Initiative, wrote:
“Once we developed our attack, we could find collisions using commodity hardware within just a few minutes, and forge signatures on IOTA payments,”
IOTA later rectified the problem, and it did not affect the further growth accompanied by a strong marketing campaign.
Technicals
After 14.06 growth impulse (listing on BitPanda), the pair did not manage to break above the Bearish Trend Line and went downwards, breaking the Bullish Trend Line and leaving the correction pattern zone. On the 0.00017 level, the coin started to show signs of turnaround pattern, breaking the Bearish Trend Line and staying above the 0.00017 level for the three days. 0.00013 – 0.00017 is a March turnaround zone, where the latest uptrend had begun, hence it might have some psychological value for traders and bring IOTA back in the growth pattern. The overall situation converges to one key point: if IOTA will manage to rebound in the 0.00013 – 0.00017 zone – there is a chance to continue growing, otherwise, dive below the 0.00013 level could kill all the bullish patterns of the chart and send the price into depression.
IOTA, IOTABTC - Another Attempt For a Cup and a Wave 5IOTA, IOTABTC a very ambitious project and the #9 in market cap so definitely a coin to watch. Let's see what IOTABTC has in store for us.
In my previous post I already talked about the possible cup & handle formation with breaking out of the falling wedge but that didn't follow through.
Now we're in a very similar situation and by again breaking out of a new falling wedge.
It's still early but with the right momentum, market conditions and catalyst we look to make that cup and set that wave 5.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
$IOTA #IOTA - FLAGS - third HUGE flag in a row??? 4th next??Hello Lads and Ladies,
Today we are taking a look at IOTABTC - the 9th most capitalised coin in the whole market. We are going to look at the very interesting structure and the possibilities we have now with IOTABTC.
First of all, we are seeing a very huge push from 14000 satoshi to 24000 satoshi about two months ago. After this push a very interesting and predictable structure has started. Fibonacci retracement lines are as well very well respected.
So, here is what happened and what we see.
A push starts and forms a double top at its top, in the second step it basically crashes straight down, forms a double bottom at the bottom and starts a new very strong push again, where at that top it forms a double top again and after doing that it crashes again. We have already seen that 3 times and the big question is how many more times is that going to happen again?
I have to add a very strange fact that I recognise in the IOTABTC chart. If you take a very close look, you can see that the first double bottom was exactly at the 50% fibs line, the second was exactly at the 61.8% fibs line, the THIRD one seems to be forming at the 78.6% fibs line - based on that, are we going to see the fourth double bottom at the 100% fibs line?
The same decrease is also seen with the double tops. The second double top was formed at a very strong resistance and support line of IOTABTC above 0% fibs line, so if you inverse it to would be the 23.2% fibs line, the third double top has been formed at the 0% fibs line, so based on that decrease are we going to see the next double top being formed at 23.6%??
I strongly believe that we are going to see a double bottom formed on the 78.6% and then see a huge push again. Nevertheless, I do not believe that we are going to see a fourth flag forming by following the same rules as sated before. This would be TOO predictable and this normally does not happen. I would still keep this possible structure in mind just watch the chart what it does and where we are heading to.
I am actually more seeing this decreasing double top resistance being broken and the push continuing towards 26000 or even 28000 satoshi. ANYHOW, I will first watch IOTABTC very closely and look for the double bottom. This double bottom might be very narrow, because the double top was very narrow as well and there is not a lot of space left between the current position and the blue dotted flag resistance.
It seems like we have touched very shortly the 78.6% fibs line and going up, taking a look at RSI, we should go up to about 50 points, fall down below 35 points and then start the push. Again, this might happen very quick. If you are not into watching the chart the whole time and believe in this structure repeating jus put a buy order at 17300 and chill. Should this structure actually happen agin towards the anticipated resistance, then that would be around 40% gains within this week.
Nevertheless, this might be nothing and we are going to move sideways or head even more down - you should always keep that in mind, that big negative days are actually a thing in this market. But then speaking of the market, like we have seen not only one bloodbath day, so we will most likely see not only one day where all coins just go straight up within a few hours.
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Cheers, Tomas