Miotabtc
MIOTABTC looking for a move up? End of triangleBINANCE:IOTABTC has held relatively well during the BTC bloodbath of the past days and is reaching the end of the triangle.
The pinbar candle could indicate a move upward is incoming, as seen last time this happened.
[MIOTABTC] IOTA Hits Bottom Time 4 Up [510% PP]Ranked on CoinMarketCap as one of the cryptocurrency with the biggest market capitalization, MIOTA is sitting at #13 in the Top20.
Let's start with the overview of the project.
MIOTA (IOTA) Overview
What is IOTA?
A permissionless distributed ledger for a new economy
An Open-Source Distributed Ledger
The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.
MIOTA Trade Analysis
Let's start today with the daily chart, this is the chart that we will use for this analysis:
Our 2017 support has been touched, marked with yellow square... And trading volume had a massive increase after this support was touched, signaling interest for this altcoin at this price. MOITA starts to move.
MACD is now trending on the bullish side and RSI is coming out of oversold.
We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next.
Let's trade.
MIOTA Trade Instructions
Buy in: 0.0000738 - 0.0000791
Targets for IOTABTC by Alan Masters:
(1) 0.0000921
(2) 0.0001061
(3) 0.0001191
(4) 0.0001291
Longer term
(1) 0.0000141
(2) 0.0000161
(3) 0.0000181
(4) 0.0000201
(5) 0.0000221
(6) 0.0000261
(7) 0.0000281
(8) 0.0000321
(9) 0.0000411
(10)0.0000471
Stop loss: Close daily candle below 0.0000672
Capital allocation: <10%.
WISHING BLESSINGS
Wishing you many blessings for today...
Namaste.
IOTA/BTC Opening two positions if everything goes well.This is just a test.
1st : sell on top and re-enter after breakout confirmation
2nd: buy more if it breaks out and set stop-loss at first entry point
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
IOTABTC BUYHi there. Price is on a continuation pattern to the upside. Watch strong price action at the current price for buy.
Don’t take a trade if you don’t see clearly when big guys are in.
A trading opportunity to buy in IOTABTCTechnical analysis:
. MIOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000750 to 0.0000600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000750)
Ending of entry zone (0.0000600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00009360
TP2= @ 0.00011400
TP3= @ 0.00013100
TP4= @ 0.00014310
TP5= @ 0.00016640
TP6= @ 0.00018980
TP7= @ 0.00026570
TP8= @ 0.00031200
TP9= Free
A trading opportunity to buy in IOTABTCTechnical analysis:
. MIOTA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000750 to 0.0000600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000750)
Ending of entry zone (0.0000600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00009360
TP2= @ 0.00011400
TP3= @ 0.00013100
TP4= @ 0.00014310
TP5= @ 0.00016640
TP6= @ 0.00018980
TP7= @ 0.00026570
TP8= @ 0.00031200
TP9= Free
Analytics IOTA/BTCAn old project with its own fast blockchain, focused on processing a large number of microtransactions and ensuring the functioning of IoT. The team has agreements with many manufacturing giants.
The asset began to gain trading volumes in early August and saves them. The coin does not show any behavior anomalies on the chart and follows the market.
Now the rate is in a zone of consolidation. Comfortable asset entry point 0,0000822-0,0000798. If the current week closes above 0.0000927, then the entry point will have to be shifted up. In spite of the big trading volumes, they are speculative in nature, the coin does not deposit in the portfolios.
Intraday trading is quite difficult, because the average volatility is about 3%. But high liquidity allows you to manage risks by exposing stop-losses.
The potential in the medium term is within 200%.
The coin is promising for long-term investments.
IOTABTCShort is not very desirable
There is a good opportunity to become long at interesting levels in a long time
The fall phase ends
IOTABTC - A Chance To Find Support Before A RallyPosting about a series of Alt Coins that follow my relatively straightforward criteria these days for when Bitcoin is in a slide. The four parameters are:
1. Above the 50 day MA (RED).
2. Above the 9 day EMA (Orange).
3. Above 50 RSI - Even better if Above 60 RSI .
4. Positive trend in MacD .
Coins already meet the parameters include VEN ONT BNB and EOS. ZIL will join them soon, as will WTC.
IOTA has an opportunity to be a perfect example of why I am confident when coins meet these parameters.
The problem: Will IOTA continue to retrace down?
My prediction - No.
Why? There is a reason why my parameters are what they are. I like multiple day/week long swing trades and I am relatively risk adverse. I like to buy a coin after its passed known resistance, when its bullish on the MacD and when its bullish or about to be bullish on RSI . I like to know that I have support close below my purchase price in the form of the 9 Day EMA and the 50 Day MA. Here, the price is currently finding support on the Fib Retracement level and is just below the 50 day MA. The 9 day EMA recently provided support on 5/30. Until a a candle closes below both the 9 Day EMA and the 50 Day MA, I see no reason to think it will continue to fall.
How to play it: If not already holding, then wait to confirm the RSI bounce off the 50 and wait for the price to climb back above the 50 Day MA and possibly 9 Day EMA . I was holding and took profit above 25000 so I too am trying to find the right time to buy back in as well. The initial target will be top of the triangle pattern at around 25000, and then focus will be on the potential breakout which would create a new target of 28000 and require reevaluation.
If the current candle does not climb back above the 50 day MA and above the 9 day EMA, then the RSI is unlikely to bounce on the 50 RSI and we will likely see a further drop in price which I do not want to be a part of.
Iota, Which Way Will It Go?Is Iota about to drop closer to the EMA 50? Or will it rise? It's always hard to tell which way an expansion is going to grow. Ichi moku cloud (not shown here) recently had a TK cross predicting a bearish trend (depending on input selection)
IOTA Buy OpportunityIOTA has always been one of my favorites and the recent struggle with their wallet has led to a cooldown in price action.
Now we see the price action moving once again and we see IOTA breaking out the Ichimoku cloud and see the beginning of a green cloud forming.
RSI also confirms bullish price action.
- Mind you all to look at the scale of the chart.
Follow the IOTA team at their Slack Channel: slack.iota.org
Some very interesting updates has been announced
Look at the update and then take a look at the chart again.
Good luck on this trade!
Cheers ;)
