IOTABTC LONGEverything has been going crazy lately. Up then down then fake out then wrong candle close. Im gonna set this and go to bed a while. Maybe go to the beach a while.
God Speed,
Mr. Manbearpig
IOTABTC trade ideas
LONG IOTABTCLooks like there is a Golden Cross inbound at this time with a dominance rejection off of a clear resistance level we do see there is a bull flag that has manifested itself over the last couple days which should give us enough breathing room in the rsi for a nice hard bounce off of this level when the dominance continues its dump. Hopefully we do end up seeing an all out two week dump in the coming days. Slow dominance bleed outs tend to scare me.
God Speed,
Mr. Manbearpig
$IOTA : Downtrend line breaking$IOTA is :
- Retesting the downtrend line
- Testing old support
Could be a great entry
Not a financial Advice
IOTABTC bearishIOTABTC forms potential Bearish Crab Pattern, which is typical by extreme calculations of point D. IOTA increase value 1 or 2 weeks without bigger retracement. RSI on 4H chart is still bullish on value 55points. This trade is great opportunity for set short possitions on bitfinex, or buy longs in 618 and 786 zones. Targets, Stop Losses, PRZ in chart :)) This is perfect setup for IOTA so I wish you the biggest profit in this trade ! ;)
Possible EW ScenarioOn a clear wave 3 up blue box is peak for this wave however it could have already topped and we correct before next wave up let's see what happens gl.
MIOTA (IOTA) - W BottomMiota printed yesterday a new 88-day high after forming a beautifully clear W bottom. Breakout volume was 3x the average. Even though the price picture is very clear, the trade proposition isn't that great.
For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently.
Will keep an eye on price action moving forward.
IOTA - Bullish Neckline Breakout, 25% Gain IncomingIOTA has completed an inverse head and shoulders pattern on its daily chart and is on its way upward. Bullish daily MACD and RSI, I'll be looking around the .00004-42 level as my target. Price is finding some resistance, so we may have a minor pullback before moving higher.
LONG IOTABTCBeen long for about two days just watching the dominance melt away. Even though the pattern is bearish, along with many other alts, I went long specifically because the dominance chart looked so bad after yesterdays candle close below channel support. That and it is almosat the end of this weeks candle. We did see the candle rule play out this week which is, if the candle opens strong then it will end weak and vice versa. Now we just have to wait and see if its going to be an all out panic dump of the dominance chart the way we saw in late 2017. If thats the case then this might be the cycle that many hodlers have been waiting for. I do however expect the next cycle to be a little different due to the maturity stages this market has been, and will continue to go through. At any rate. Stay safe out there.
Mr. Manbearpig
$IOTA : waiting for a breakout or for a pullbackWaiting for :
-1) Pullback to range and support line (orange line)
-2) Breaking Out the Downtrend Line (yellow)
Not a Financial Advice
IOTA Long Term Play [LONG]Iota potential breakout of the falling pennant, 6:1 RR opportunity
200% gains to be had against BTC.
See ETHBTC, potential rocket fuel from ETH Charts showing bullishness.
Trade carefully if BTC starts pumping.
Advised leverage 3x
YOLO
DYOR
NFA
IOTA - IOTABTC formed a W or double bottom during 2 monthsIOTABTC has probably bottomed out, at least locally. Over the time of 2-3 months it formed a double bottom pattern, which finds support in buy volume depicted by VFI divergence over that time span. So IOTA, even if dependent on BTC price (IOTUSD), has probably ended its downtrend in relation to the rest of the market.
SHORT IOTALooks great to short at the top of a flag. Looks like Dom is wanting to turn around on this BTC bounce at the 7700 level. I though that it would at least get to the 7300 level before the reassessment was to be made. There is alot of strength behind the pop in the dominance however this givess me mixed emotions because when a weekly candle starts strong it must end weak and vice versa which means this might be a small bounce in the dominance before a continued decent sometime after Wednesday.
God Speed,
Mr. Manbearpig
