Time to buy IOTAI think that IOTAETH found a good support at 50% Fibonacci level, also 50EMA is going to cross 200EMA, which is strong bullish signal. We can make some purchases at this levels (0.0028-0.0030). Profit targets can be placed at 0.005 (70% of position) and 0.0067 levels (20-30% of position).
Iotaeth
IOTA/ETH Buy Signal. Doji star reversal pattern, MACD, RSIOn the 4h Chart we see a Doji Star pattern which indicates a trend reversal.
MACD histogram is about to flip to the positive side and the MAs are going to cross.
RSI just rised from the oversold zone and continues going up.
DMI+ is going to cross DMI-
The strong volume at the Doji Star candle supports this trend reversal.
Additionally the Doji Star formed at ''29ish level --> bounce from this support line indicates trend reversal.
On the daily chart we can see that we probably are at the 4th push of the Elliot wave.
Target area should be around ''40 --> resistance from former period.
IOTAETH - Long Term ProjectionThis was a practice in long term projection. After being confounded by the count and short term behaviour of IOTA, I took a step back and looked at the whole daily chart.
The main Cycle travelled a very far distance over 2 months in late 2017, and was denoted "Cycle 1".
This means after 4 months of correction, Cycle 2 has begun, with Wave 1 (of Wave 1) having been complete, and it appears as though we are mid Wave 3 (of Wave 1 of Cycle 3).
The recent behaviour in up and down value of IOTA may be less to do with a corrective cycle, and more an influence of the chaotic value of Ethereum.
So these targets were developed using Fib ratios from Cycle 1, Intermediate Wave 1 (of Primary 1 of Cycle 3), and then Fib ratios from the targets achieved.
The landing spot of Cycle 3 was determined using the 1.618 ratio of Cycle 1. The pathway there from where I could find confluence zones between the Cycle 1 Fib ratios combined with Wave 3-1 (Cycle 3).
This is all pretty theoretical, but if the trend and ratios hold up - it may take 7 months to play out, but IOTA should increase in value by 500%, with plenty of buy/sell opportunities in between.
Cycle 3-1-3 Target = 0.0042
Cycle 3-1-5 Target = 0.0053
It is possible that this could land closer to 0.0042, although feel it unlikely due wave 3-1-3 has already touched 0.0035 in its path upwards (the 1-1 ratio of 3-1-1).
More likely 0.0053 as this matches the 0.236 ratio from Cycle 1, as well as the 2.618 ratio from 3-1-1. And wave 3-1-3 will likely land around the 1.618 ratio of 3-1-1.)
Cycle 3-3-5 Target = 0.00117
Cycle 3-5-5 Target = 0.00173
IOTABTC - awaiting volume - bouncing from the trendlineLike all of the other alts IOTA is also suffering from BTC volatility. I am expecting some movement soon as BTC is getting stabilized a little.
We still need volume to breakout.. maybe couple days or maybe weeks.. but it will pop soon as the product has a good potential.
PS: Accumulation zone!! Take profit at Fibonacci levels.
Please hit "LIKE" to support the idea.
Thanks!
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
IOTA / ETH nice Entry!Hey Guys,
Keep an eye on IOTA/ETH. It is bargain time!
I think that you are smart enough to judge the trend, even if I do not draw any artworks today.
To make it short and sweet:
If you look at the Indicators ( 4hour Chart)
you can see from the MACD and the RSI that the price is correlating with the current BTC descent and it will fall even further as long as BTC continues to be "Mt.Goxed " :D
So IMO, think it will be a great opportunity at the next dip of BTC/USD to enter a long Position in IOTA.
For the long-term hodlers:
By the way, IOTA is planning to expand in the following countrys: Toronto, Tokio, Oslo and Taiwan, which is likely to have an additional positive impact on its level of awareness and price.
Source: www.bloomberg.com
As always, I'm happy about your opinions and a bullish thump ;)
IOTA - Possible Breakout?Looks like IOTA is reaching the apex of a right triangle, and may break into an upward trend for a bit. This is all based on what happens with BTC over the next 24 hours, as BTC is still currently the driving force in the market. Until it stops pumping, alts will continue to suffer. Although, this upward 1-5 EW could happen to a lesser degree without any sideways movement of BTC just based purely on the amount of sellers being depleted at the local price levels. Will update in 24 hours if anything changes drastically.
IOTABTC could be gearing up for another big moveIOTABTC has been consolidating for several weeks now. This manifests itself as a pennant on the btc pair and a falling wedge on the ETH pair. Watch for a break up of either of these patterns. 0.00066 BTC a likely target here.
EDIT: notice the bullish bias on RSI as well. Watch for 3/4 of pennant length for break.
*THIS IS NOT TRADING ADVICE, JUST AN IDEA*
Iota to enter a new paradigm (starting now)With fundamentals stronger than ever, the rise of Iota has begun.
The pattern has been completed: While short lived, this just shows how many buyers are lurking.
The general sentiment of the market is fearful and timid, often when its most profitable to enter a position. I believe this is wave 3 so this bull run will continue for quite some time.
My latest buy sell strategy a daySo- I've been playing bit around with the macd on 1h/15minutes.
In, graph you can see when I bought ( green arrow) and when I sold IOTA and then bought again some more+ ones I sold the first time.
Anyway, If I combine the two indicators macd and cm_william.. between those two I can clearly see picture when to buy and sell as long as the overall lines are well above the middle point and well below the middle point. At this time I am keep holding the IOTA as it seems like it will go UP.
I first started using MACD week ago and it did help few times to get good differential buys and sells.. (see RED / GREEN dots).
Thoughts ?
What is your favorite indicator?
FYI: Make sure you are on reddit under /r/iota -- its a goldmine to find out news before hand.
Iota Vs Ethereum : Survival of The FittestTotally Long, beautiful point to parachute oneself beyond the stars.
I entered in a long position at 0.00668 but in december the 13, seven days ago.
Happy & Fierce Trading !
Happy x-Mas / Happy New Year //
IOTA - Be Greedy When Others Are FearfulThis was a TA that I've done a few days back. it seems that IOTA is following and bounced off the bottom trend line as expected, hence the massive growth in price at the moment. If the amount of volume stays consistent and this trend continues, we're very likely to really make it to "$10 before Christmas" as some people had once said. If we break through the bottom trend line, there's no way IOTA can recover. We can only expect IOTA to go into bearish mode when that happens.
As of now, Binance had already crossed the $4 barrier. Stoch and MACD looking surprisingly well with a huge BUY signal.
IOTA - Play Smart and Play SafeWe have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support.
Trade Setup:
Stop Loss $4.20 USD
Target: $5.20 USD
IOTA - BTC Futures FUD is Over, To Infinity and Beyond!The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're looking to retest $4.45 again, if we managed to breakout, it is a very bullish signal. We're very likely to go all the way back to $5.15 before bouncing back down.
We have 2 support. A weaker support at $3.75 as seen on 12/8 and 12/10. A super major support at $3.5 as seen on 12/8 and 12/9. We have managed to stay above $3.5 despite all the BTC FUD indicates that $3.5 is a very solid support. If $3.5 support breaks, we're looking to sell everything immediately.
Trade Setup:
- Stop Loss at somewhere around $3.5
- Sell 30% IOTA at $5.15 to secure profit in case we can't break through $5.15 resistance.
- If we manage to break out of $5.5, there's nothing that can stop us. Sell 70% at $5.9