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IOTA trade idea for day traders.With the world's fast-growing adoption of Internet-enabled everyday products, the business-to-business market for the "Internet of Things" (IoT) is exploding. Analysts forecast that B2B spending on IoT technologies and solutions will reach $267 billion by 2020 -- and as more devices create a near-endless stream of data, the market for data-driven insights is being eyed as a catalyst for IoT growth. IOTA is the e-currency of IoT and IOTA's value will be much more than whole IoT market because it is a limited commodity. I called for long when the IOTA price was 1.04. People who have followed my advice made decent money. I expect IOTA price to be >100 USD by the end of 2019. For that reason I recommend to buy and hold. But if you are a day trader there is a good trade opportunity: We are currently at red 5 on hourly chart according to Tom Demark count. IOTA price will fall up to 4 more hours then uptrend will start again. We are currently at green 4 on daily chart and green 5 on weekly chart. Which means bull trend will continue at least 4 more weeks. Here is my short term idea for day traders: Long at: 4.02 (fib. 0382) Take profit at: >5.5 Stop loss: 3.4
BITFINEX:IOTUSDLong
by EylemCulculoglu
14
IOTA Bull Trend Will ContinueIOTA gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. I expect the bull trend to continue for at least 7 more days. We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend. Support level-1: 1.96 (Fib 0.5) Support level-2: 1.45 According to Boston Consulting Group market analysis, Internet Of Things Market will reach $267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity. I recommend to buy and hold IOTA for long term. If you are a trader, here is my short term idea: Long at: 2.39 Take profit: >4.0 Stop loss: 1.40
BITFINEX:IOTUSDLong
by EylemCulculoglu
7
Prepare to Sell Soon, And Buy LaterSo this is day 2 that I've been lurking around with the idea and it seems like I am spot on prediction, was even off by just an hour when the 'buy' prediction was made. Unless something changes such as a big pump, I am looking around 11am-12pm EST that there will be a large dump in price going below $2.7. Lets hope the predictions I am watching for 48hrs and made me 200%+ profit still holds. This is some random dude from internet. If you have IOTAs than leave it as is, there is a large chunk of BTC waiting to be dumped at $4.50/$5! Therefore this is just a general idea as to how I will treat the 25% of IOTAs (buy low, sell high). Again, this I am just speculating here, so please take this graph as grain of salt, regardless if my predictions before were 98% spot on. So by this graph I am going to wait till the lines cross, and I will sell 25% of my IOTAs then wait for the pump which according to some calculation and machine learning I am doing in background should happen around 2-3PM EST. --Thats my plan..
BITFINEX:IOTUSDLong
by mrzobot
14
IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing. Orange - Resistance. Pink - Support.
BITFINEX:IOTUSDShort
by thomasfar6
2