Iotabtc
IOTA finishing up symmetric triangle then blast offHere we see a perfect symmetric triangle having been formed on the 4h Binance chart (made my day that TV finally added Binance!) IOTA has just finished wave C of a ABCDE elliott triangle wave and we are headed up wave D. Due to the positions (tops/bottoms) of the waves, we should very well expect price action to break above the triangle after finishing wave E.
If the waves continue to be parallel to each other (in other words, wave A and C and wave B and D show the same angles,) we should see a breakout around January 15th. If you are looking to accumulate, this may be the time.
I will update later on where I expect price to go once the breakout occurs.
As always, this should not be taken as investment advice and only be used for comparison against your own charts/analysis.
IOTABTCIOTA price target area by Mid-February: ~45k sash, with potential upside to new ATH.
if breaks bullish uptrend (with true body candles), may retest to red zone area before some sort of stabilizing....blue zone is potential buy zone, and this is a longer term trade.
It is close to breaking the short term down trend, with hopes of retesting it as new found support.
IOTA forming a bullish triangle. Could be a good buy zone?Here's a little idea for IOTA vs BTC. Looks like it is trending up in a longer term channel and has formed a bullish triangle pattern which could break to the upside fairly soon. I'll buy anywhere near the bottom of the triangle or wait until breakout to confirm the move upwards. Always set sensible stops and use a good money management system for position size. Marked a couple of potential target zones in red.
IOTA: A Story of Weak Gen 1I do not believe in IOTA's coin as having speculative value in the long run. However, they have an interesting cryptographic protocol. The chart contains my explanation as to how some alt coins like IOTA are affected by a weak Bitcoin, which in my opinion is the sole reason as to why IOTA has seen a price increase as of late. I may be wrong and I probably am on this one, but this chart was a favor for a new friend.
I appreciate your commentary and insight. May God and the tidings of universal consciousness bless you all.
For more of an explanation on how the chart was made, here is a link to a Google Docs PNG (picture) file with written explanation :
drive.google.com
Iota new exchanges very soon! + Pennant paternIota will be listed on new exchanges in the very beginning of 2018. If there will be Bittrex, we're home. Pennant formation is also on our site. One of biggest project in crypto world, added to my portfolio at 0,8$. Confirmation of new exchanges:
www.facebook.com
IOT's upward flag!All the indicators (net volume and MACD) are converging with the decrease in volume. The pattern is also to meet its end within a few days, which has last for more than one month. However, we don't know the direction of IOT's next move. Anyway, I think IOT will roar because of the macro market bullsh trend. Hold your position, be patient, smart money should consider opening long position at retracing, I believe the breakthrough might happen in any time and catch all of us off guard.
IOTA's Rough Oscillations and Possible Break OutMapping oscillations with regards to fib trends. Hoping it won't cross the up trend support as that won't be a good indicator for iota and would likely end in a drop. For now it looks like it is heading for another rise on the 29th; check the graph for the green horizontal lines indicating its predicted rises and check in when it is approaching them. It could be some explosive growth since iota hasn't moved in a larger scale uptrend for some time, just oscillating up and down till a breakout. Don't buy till you see it break-out for a sure-run then follow it up. I might be following the rise in the discord chat if I'm not following an xvg breakout. The gains on IOTA if it does break out could near doubling your money assuming nothing else interferes. Been seeing a lot of bull trends fall out recently.