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IOSTBTC trade ideas

IOST/BTC needs coffee from this cup and handle bullish pattern My second idea published is related to IOST/BTC on Binance, Bittrex Why i choose this pair ? well, the stars are aligned , to many bullish signs made impossible to resist on this trade. 1. Fundamental driver - 25 Feb Mainnet v1 launch 2. Cup and handle bullish pattern 3. Broke of the triangle 1d time frame I may be a little bit late to the party but there is no hurry, the target looks good. Entry - around 180 sats Target - around 250 sats Eject - aroun 150 sats if we market top in formation Good luck folks , see ya on the next bus.
ILong
by oxybiz
IOST - Breaking out! Trade active!Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. As we've been saying for well over a week now, we're trading the breakout of this on the news. There was a lot of overhead resistance just shy of 200 and we've broken through that. I do expect there to be some bouncing here but I believe we're going to get a bit closer to 250 before this is over. A fibonacci extension based on wave 3 gives os a target of somewhere between 250 and 290 but I'm not really expecting it to get that high. I am personally setting a sell at 250. BTC is likely to make some more moves in the next couple days and if it's downward, this and most other alts will likely be affected. As a point of caution, there's some news this week which will have an affect on the price when it's released or likely beforehand, so be ready to abandon ship. Trade safely friends! <3 -CE-
ILong
by bitdoctor
IOST - Breakout pending - Take cautionNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. I've been saying the same thing for about 2 weeks. Trade the breakout and this is getting close enough where the breakout is getting near. Several technicals to explain here: 1. 50/200 Daily Moving average is very close to crossing bullish 2. We've been in an uptrend channel for about 2 months 3. We still have plenty of room to go from an elliott wave perspective (wave 5 has barely crossed the peak of wave 3 Now, time for the probability play. There's some good news coming out this week or next week. One has to wonder if the value is already baked into the price from the previous 2 month run. I'm maintaining a buy only on a breakout of this wedge (in red) but look for a break down. If you're in, I recommend selling on a break down. We're within 3 days from the apex of this wedge. I would not buy here or sell here if you're in IOST. If you're not in IOST... it's the safest move to wait for a breakout to the upside and then to sell at the median. A risky trader would try and buy the bottom of the channel but that's high risk at this time. Also look for a rejection of that 50/200 daily moving average. There's a potential for a bullish impulse followed by a bear break. Trade safely friends! <3 -CE-
IEducation
by bitdoctor
IOST - Why you might want to wait to buy thisNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Before I start on my tangent on IOST, let me tell you about a little feature of TradingView - The alert. Set a price cross alert on this bad boy. Where to set the alert will be analyzed below. I'll have to be honest, I'm not a huge fan of this but I was asked to provide an analysis on it and this is what I see. First I see what most people in the cryptosphere love. A cup and handle ! Don't get too excited. Personally I think most cup and handles are memes but there are ways to trade them if they actually happen. Theory is you measure the depth of the cup and trade the breakout and expect a 100% expansion of the breakout equal to the depth of the cup. In this case, that target would be 290 satoshi. In this case, it's about 40% profit. Not bad, right? I said cup and handles are usually memes so if I end up trading this, I don't expect a target of 290. I'd actually end up taking about 60% profit at about 227 and leaving the other 40% in play and sell it at 245. That is about 50% of the depth of the cup. Bear market, remember? Don't trade on hopes and dreams. Trade the breakout or trade the divergence. We don't have any divergence right now and we sure don't have a breakout, either. Don't be afraid to take profits along the way. Trade safely friends! <3 -CE-
I
by bitdoctor