GOOD Fundamental Surrounded $IOTX, GOOD Time to Jump In?This token only age few months but already got Binance attention and listed there. IOTX is the privacy-centric blockchain infrastructure for the Internet of Things (IoT). They has released their very own beta testnet on 8/30/2018.
Because of their background team and also their partnerships are pretty awesome.
By those factor we can judge the credibility, well a slight clue is better than nothing at all.
I'm looking for a candle above 218 sats to confirm that the trend on going and break the current low resistance.
Chart has bottomed so hard from 900 sats. All the way down. If this holding it up, will judge my short targets will reached around 260 sats and 329 sats. Well, it's not impossible. A certain pump might get this even 100%.
But i will never depend my money on bad speculation filled with emotional decision like that. RSI Level confidently going north, plus my entry indicator actually has showing it that good time to enter days ago but i need to be more convinced my self.
Trade safe!
Iotx
My $1k to $100k Challenge: Day 46 - Trade #48 IOTXHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Current streak of 5 profitable trades in a row.
After 45 days and 46 completed trades:
Wins: 21
Loss: 25
Balance: 0.1601 B
USD: $ 1121
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 47 trade #48
I invested 0.08 B into IOTX. I bought 40201 @ 199 satoshi
My Sell targets are:
T1: 210 5%
T2: 219 10%
T3: 230 15%
I will sell 33% at each target. After a target is hit, that will become my new SL.
SL: 184
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
My $1k to $100k Challenge - Day 41 Trade #44 - IOTXHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
After 40 days and 39 completed trades:
Wins: 17
Loss: 23
Balance: 0.1453 B
USD: $ 950
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 41 trade #44
I invested 0.07 B into IOTX. I bought 35175 @ 199 satoshi
My Sell targets are:
T1: 210 5%
T2: 220 10%
T3: 230 15%
I will sell 33% at each target. After a target is hit, that will become my new SL.
SL: 184
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!
Short term Long IOTXBTC intraday trade: Bullish divergences
Short term Long IOTXBTC intraday trade: Bullish divergences
Expect to pullback to slow EMA
Triple Bullish Divergence with MACD-H
Bullish divergence with EFI
False breakout
Impulse system allows to go Long (yellow color)
Entry: 0.000431
Target: 0.000446
Stoploss: 0.000429
IOTX rejected at horizontal resistanceIOTX pushed below previous low around 0.00000481, closed and then returned to re-test the previous support, now acting as strong resistance. In a perfect manner, the price touched the horizontal resistance and immediately turned lower to create a shooting star - bearish candlestick pattern. We expect the price to rotate back lower and re-test recent low at 0.00000406, which represents a 127.2% extension. Furthermore, RSI is currently in the overbought territory and a move back lower is to be expected.
A perfect scenario with this background would be break through 127.2% and move to 161.8% - key Fibonacci extension level, which sits at 0.00000312. If you are looking to buy IOTX and hold in the mid-term, our advise is to wait for this level to be tested before dipping into the market.
Ride the trend: IOTX-BTC
Uptrend with volume
What do I see?
I see the uptrend shows power, it includes enough volume and it just broke the local resistance of the previous upswing, aiming for a new higher high.
DMI indicators show that ADX has crossed the -DI line, and MACD is going up.
It is a good buy above 0.00000566.
RSI shows it is bullish and not yet overbought.
The EMA’s are crossing.
All the ingredients for a good trend upward.
The target will be monitored, but I expect the previous swing high is possible.
Risk Reward Ratio:
Entry level: 0.000000567 - 0.0000058
profit target 1: 0.00000627
Stop Loss: 0.0000055
R/R ratio: profit target 1: 1:1.2
I did not enter yet, I have to be patient for a pullback.
When zooming in on a shorter timeframe, we see that RSI is pretty overbought, and I have places my order a bit above +1 ATR. I'm not sure we touch it, and I'm a bit too afraid we won't get to the EMA, because the trend is strong.
It is currently at +3 ATR on the 10m timeframe, so my order around +1 ATR should be picked in a short timeframe pullback. It's place around 0.000057.
Question: Do you like this trade idea? Please give it a thumbs up! I would love to know if it was useful for you! If you can do so, I am thanking you in advance!
IOTX 1h bullish setup Hello guys
As it did hold 596 I'm looking for a bull break of this 1h EQ.
imo this has a potential to break up, we'll have to wait for conformation.
If this breaks bearish, 596 is the support to watch after that the support is 550
If you want to be more risky you can enter and set a stop below 636, but I'll wait for conformation just to be on the safe side.
1st target 710
2nd target 760 range
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good luck and thank you for tuning in !!
tipjar: btc 1.77% 1.66% 17wEgVDCLGHjU7T9HRvaYdESopUeeDXJBY
I was right againHello guys
Since my last post IOTX has dropped 17% as I expected, I've been so accurate these last days. xD
What's next, so TA wise this was just a 1h oversold bounce rsi was 18 and there can be more downside to this.
What's interesting is that we have a 4h bullish engulfing bar (10 min till close) what's making me think this is the bottom at this moment IF we hold 596 if not 550 is the level I'm looking to hold as support AND IF that doesn't 420 is the next level.
what can we do in this situation?
IMO we can start to scale in but with very small position size just to not get rekt if this drop further down and add more if it drops.
The perfect play would have been if you had caught that faling knife around 600 range but that would be dangerous but very reward full.
ps: if you want me to review a coin for you DM me, I'll see what I can do
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It doesn't cost you anything :)
good luck and thank you for tuning in !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
IOTX - The competitor of IOTAJust do a small comparison between IOTX and IOTA.
Now the marketcap of IOTA is $5 billions, IOTX is still very small, $60 millions, so it's very easy for you to predict the potential of IOTX ?
Buy: less than 700 sat
Take profit:
Short term: Fibo 0.5 ~ 850 sat
Long term: Fibo 1.618 ~ 1500 sat