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IOTUSD

IOTA: IOTUSD Steady progress grinding higherIOTA IOTUSD The last two trades this week on Iota longs have both used the break below the speed line under the day's rally to exit. It has worked quite well so far...the first from 3315 to 3712 and the second from 3315 again to an exit at 4100. The next entry point here was on the break of the minor downtrend at around the 3604 mark but missed it due to chasing Bitcoin for a lot of yesterday. Not good. Anyway it continues to grind higher. Still a good idea to run stops under the trendline for the day, shown on chart, as exit for longs, though. If it loses the line it should come back to 4044-4024 range where it should pick up support again. Looks quite good though, overall
BITFINEX:IOTUSDLong
by sumastardon
IOTA: IOTUSD Continue to Use Dynamic Stops hereIOTA Update Dynamic Stops Another rally attempt cut in the bud. We went long here on break above 3311. Because we're using dynamic stops under the little trend line that supported the rally we exited the long at 3720 for a 12% win on a bad day again. Once again the majority of the gain was trapped in and left you free to buy again at the original price, bang on 33117 again...lucky, perfect you. Now sling a support line under this run and use it as a dynamic stop for this new long. Now you're cooking.
BITFINEX:IOTUSDLong
by sumastardon
2
IOTA: IOTUSD Trying to base here - buy points todayIOTA IOTUSD Update Trying to base here - Buy points Within minutes of publication the little dynamic support line that had held upyesterday's rally was broken, flipping IOTA from positive back to negative on a dime. Stops for longs were running up under the parallel as price moved north. Well it was good whilst it lasted but once that little dynamic was lost we can see the damage done. That stop was at around 4598 when the parallel was finally lost, so by using this method of exit on longs the vast majority of the rally was locked in and no real damage has been done. We live to fight again from lower levels now... Iota is now trying to base out at 3037 by look of chart but is likely to have a problem at the tangled mass of resistance just above here, where fixed and dynamics meet...no way do we get long again here until that has been beaten through...it has to get back above the upper parallel, now around 3400 and survive any retst of that parallel from above once broken to trigger next long from here. Maybe we will get a better entry long from lower down still...need to watch this and look for potential double bottom/loss of downside momentum at 3037 for fist clue we have a low forming now...if it fails here we stand back looking to see if 2.865 offers support - if not it means 2.172 is the next level to look for a buying opprtunity. So we are left with 4 potential entry points here: at 3400 ish on a break of the upper parallel with stops kept under the parallel by 50 points or more. Or at a potential yet-to-be-decided double bottom at 3037 And should this fail to hold from 2.865 or at lowest from 2.172 if we see it. That's a little complicated but covers the levels. The easiest will be the break above the upper parallel. It should attract quite a lot of buyers as well as shorts closing down/buying back too. watch it and follow when the signal is given on the chart. Use stops though. Yesterday should have taught you that by now. Lesson learned.
BITFINEX:IOTUSD
by sumastardon
7
IOTA potential continuationIOTUSD 15min Hey guys, the current downleg on smaller timeframes might be the last one within the corrective structure. Once price has hit the potential buy zone, I will look for logical signs that the corrective structure has come to an end. If price will break out earlier, I will wait for further confirmation before buying. Once confirmed, price might head north targeting: 1) $5.55-5.59 area (testing the old high) 2) $6.60-6.65 3) $8.00 Happy trading!
BITFINEX:IOTUSDLong
by BudBronson
7
IOTA - Simple Support & Resistance, Fibonacci. In the past days iota has seen a very large run-up in price, now this tremendous growth often has to come with a bit of sustained correction comma it is unlikely that we will see I hope I drop to previous loads such as under the $2 Mark as the market is currently way ahead of that. We can expect to see the price fluctuate way between $5.50 resistance and the $4 support comma this is a $1.50 range that you can use to play short-term trades comma support lines or supply lines is where you look want to look to be accumulating. Orange - Resistance. Pink - Support. As always tried the lines accordingly.
BITFINEX:IOTUSD
by thomasfar6
4
IOTA Megaphone Breakout | Good for 180%?IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86. This is the opposite pattern we are seeing with Dash and Monero. Take some time to familiarize with my trading approach: forextradingstrategies4u.com As always, I'll update this idea with both long and short trades. Cheers and GLWT! -Erik
BITFINEX:IOTUSDLong
by Trader6127
8
The Giant AwakesAlways buy low sell high. This principle is easier said than practised. Lured by profits and easy money, many retail investors got sucked in to chase the price, hoping to ride the next train to their instant wealth. After hearing who and who became millionaires or multi-millionaires, they can't let this dream ride to go without their participation. Little do they know that healthy correction or pull back is necessary before the trend can continue. Ask yourself, if and only if the price action does pull back to the 61.8 FIB level and if one buy at current price, how wide is the SL required? Of course, we could be so wrong that the price continue to charge ahead without resting. And that lies the challenge, most are fearful to miss the train and having missed it in other pairs, they want to make sure they go for the killing this time. They had "waited" enough................... Be careful, be very careful...........When no strategy is employed and followed with blind faith, all it takes is one time to wipe out your account. When money become easy to make, greed slips in and traders are likely to increase their position size to make even more, even faster. Do not fall for this trap. You have been warned.
BITFINEX:IOTUSD
by dchua1969
7