How to bet big on simple patterns, EOSUSDNotice the lack of volume around the resistance area, it was the first clue for us to open a VERY low risk short position. Even if the market rebounds hard, which is possible, I will be getting out safely with a moderate profit.
Now I have a safe short position open and I'm waiting for the next pattern to form. There's no need to predict the exact point where the market is headed,
the most important thing is to get into safe positions, let them ride and see where the market forms the next support/resistance.
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IOTUSD
IOTA combination of Inverse H&S + BullflagHello my dear IOTA traders!
IOTA is right now seeing a few bullish patterns, similar to granda Bitcoin and the other alts. The break of the 60 cents neckline could see some nice upward potential. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Lower High rejection. Channel Down continuation. Still short.IOTA didn't cross the 0.7947 Resistance level and subsequently a new Lower High was made at 0.7428 that initiated a strong rejection (STOCHRSI = 19.365, Williams = -87.292, STOCHRSI = 15.207) within the 1D Channel Down (MACD = -0.042, Highs/Lows = -0.0660, B/BP = -0.0550). The new 4H Channel Down that has emerged can gradually take IOTUSD to our target set on this new bearish 1D leg. TP still = 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
Important levels to watch for IOTA HodlersBITFINEX:IOTUSD
Iota has been on a longterm downtrend just as the rest of the altcoins and suffered severe losses in Value.
It managed to bounce a little after the current drop, to $0.57.
The maximum bounce on this current run we see about $0.64 where it will be hitting the 0.5 fib retracement.
That would be a good area to sell/short iota.
Targets are the two redline support levels at $0.39 and $0.26 which are the longterm buy areas for IOTA.
Extending the consolidation within the Channel Down. Still shortIOTA is within the 4H Resistance (0.7950) and Support (0.6700) lines (STOCH = 47.520, ADX = 19.955), as the 1D Channel Up extended the consolidation since the latest report. It is however on a slightly negative gradient as the 1D Lower High applies selling pressure on those 4H levels. There is no reason to alter our shorting strategy as long as long as 1W is still on Lower Highs (MACD = -0.270, Highs/Lows = -0.1063, B/BP = 0.3526). TP still = 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
Bull scenario for IOTAThis seems currently like a high probability scenario for IOT/USD.
IOT/USD seems to have formed a support at the circled area.
If IOT/USD breaks the resistance line, an up-move to the ~1.00 range should follow.
If BTC/USD gets a few good green candles this scenario will happen most certainly.
If the market starts this fresh week and month green, explosive up-moves will ensue in most of the coins.
After the up-move another pattern will form which will decide if IOTA goes for a longer bull run like the one we saw at the end of 2017. I will post a more zoomed out analysis of IOTA later
where I'll go more into detail about the possibility for a bull run.
Remember that this is just one possible short term scenario and IOTA might fail this pattern, especially if Bitcoin gets big red candles.
Enjoy.
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Let's change our point of view(IOTA)Alright guys here we go again with new chart of IOTUSD..check the similarities if 1 is 1'
2 is 2' and 3 is 3' then we are going super bullish but ,to have a bull run we have to break some serious resistance lines and the first is BTC to brake to 7150 then 8430 and after all and most important is to break the 10k levels..let's observe and see..
IOTA's 100% move analysis!Hello dear IOTA traders & HODLers, hope you're doing well guys! ;)
On this video, we look at IOTA's 100% move, and the following top out with a H&S pattern. I'm showing you how you could've played it in both directions! ;) Have fun watching
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
#IOTA Volume Analysis Prediction 8/31/2018Hi, friends.
IOTA - one of the of the coins that shows strength.
After signs of stopping the trend in the form of fixing and new initiative purchases, the price went up.
At the moment the price is in the balance with the range 0.6565-0.8150.
If this balance goes up the price will go up to the resistance levels 0.9166 or 0.9750.
If this balance goes down the price will fall to the support levels 0.6046 or 0.5414.
As long as the price is in the balance, we trade only from it borders.
All other information indicates on the price chart.
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 1-3 fixing movement.
Lower High crossed. Expecting consolidation.The 0.67000 Lower High on 1D was crossed and the Channel Up (RSI = 57.762, Highs/Lows = 0.1669) is breaking to the upside. We expect IOTUSD to enter a consolidation phase, similar to the late June - late July consolidation, with successive cup patterns. Any upside attempt is still limited at 0.7947 and 0.95 (blue staccato lines) as 1W remains bearish (MACD = -0.282, Highs/Lows = -0.1543, B/BP = -0.5574). We remain short on IOTA, TP = 0.3199 (November 02, 2017 low) and 0.1459 (July 15, 2017 low) in extension.
Cryptogame - Margin Battle Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts have too many long positions compared to shorts, where as BTC and only 2-3 others alts have more shorts than longs. Of course there are always other aspects to look at and clearly have an impact on the inter- and intraday prices.
Please leave a comment (healthy discussion please) and click on the agree button if you do agree or like this chart.
Thanks.
Still bearishI don't know about you guys but all i see is a huge bear flag and the preparation of a big fall...i have been off for several months and all i was doing was to observe the market..all i think is that BTC will hit a range of 4k-5k no matter what or maybe to a flash crash around 3.5k..it's all depending to the BTC approval of the SEC..the next weeks will be extremely interesting but my prediction of the BTC price at the end of the year is around 18k~20k ...for now it's still bearish and it will be..do not forget the most of the coins and especially the IOTA was x10 from early-mid november(2017) to early january(2018)..keep that in my mind...
!!!DO NOT CONSIDER THIS AS A TRADING ADVISE
IOTA breaks equilibrium with >10% Profit!Helloo my dear IOTA traders! ;)
In this educational video, I'm showing you how you could've played the IOTA equilibrium break for 10% easy profit! => The video builds on top of the previous 2 ideas on IOTA, where I was showing you the equilibrium & clear break that was coming.
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
IOTA ded ?Yo shaggerz,
IOTUSD recently mooned. Nothing convincing here tho.
Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend line
- Longs moons :
Anyway for now :
SELL : 0.615
BUY 1 : 0.5USD
BUY 2 : 0.4USD
BUY 3 : 0.33USD (Yolo !!)
STOP : Above 0.65USD
This is just an idea, you are responsible of your actions. If you don't agree, please provide technical arguments, and don't cry like stupid fanboys
NOT TRADING ADVICE
Resurrection of IOTA, aka Jesus Reversal DojiOn the weekly timeframe we have a nice double Jesus Reversal Doji. The entire cryptospace was very toxic in the last year with its greed - a deadly sin. Many people who were in nice gains (including me) wanted still more more profit and their greed was growing parabolically with the price of BTC and other cryptos. God has warned us with this crypto crash and many people lost more than they've gained, but now here we have Jesus willing to save us and give us hope and bring back the belief in the IOTA poject.
From the fundamental perspective Jesus smells the incoming TRINITY desktop wallet and it seems that he really likes this project since he is waiting for it in pain, hanging on the cross for the second week. Now let's just cross our fingers that the price will close at the end of the week with the christian cross. There are still many days to go and it can still turn into satanic cross (pointing downwards), but if we keep praying all together I belief we can see some light soon.
And do not forget about the importance of a single lighted candle. Here is one nice trading quote from Buddha, regarding shorting lighted candle.
“Thousands of candles can be lighted from a single candle, and the life of the single candle will not be shortened. Happiness never decreases by being shared.”
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***** This is not a trading advice. Please invest responsibly *****