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All Alts Need Is Just A Liiiiiitle Push (IOTA)Here's an IOTA update for you. In my last two posts, I've been tracking IOTA's potential to be used as a bellwether for a potential upcoming alt season. In other altcoins, we're starting to see some strong buying action. HOWEVER, most (if not all) alts are still below previously broken major support levels. You can see this in VET (still below 100 sats), ADA (below long term trendline support against Bitcoin), and TRX (juuuust below its long term uptrend line). However, it's clear to me now that money is ENTERING the market. Why? The total market cap is going up considerably now, and altcoins are starting to move in tandem with Bitcoin. If Bitcoin decides to make another leg up, perhaps alts will briefly sell off again, but their USD values are starting to rise fairly quickly. With all that in mind, I think it's fair to say that if IOTA gets back above its broken support level (pink downtrend line) and holds above say...4500, we could finally be in for some massive upside. I guess we'll see what happens. I've been very wrong in assuming some altcoin bounces would come earlier, and as such I turned slightly bearish on the market the last few days. Today things changed, as money seems to be flooding in from all angles. Here is the setup: BUY if pink trendline is broken again (or above 4600 maybe, to be safe) STOP LOSS: below 4000 Targets (green X's) Let's see how this plays out. This is NOT financial advice. Just a potential setup I'm seeing. These sorts of trend-reclaiming long setups have tended to be pretty profitable in the past, since these are essentially massive bear traps. -Victor Cobra
Long
by VictorCobra
2
IOTA - Bullish Divergence? More upside?Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Putting this here mostly for tracking purposes. There's some bullish divergence forming but most indicators are still saying it's bearish. I'm buying some IOTA here at the current prices (4380) and stopping at the LOD which is about 4275. If this rebounds, it's good for about 40% ROE. If it reclaims the 21EMA on this 4H chart which happens to be around 4630, then I will consider this a good and active trade and might further increase my position. Alt season is among us. Buy when everyone is afraid. Everyone is afraid of alts. Be careful buying a falling knife and have that strict stop loss. Trade safely friends! <3 -CE-
Long
by bitdoctor
IOTA - Under The Empty VoidAfter the pump caused by the news of IOTA's partnership with Jaguar Land Rover, it had since then fully retraced and fallen back down. This is highly bearish as it shows a lack of follow through and continuation from the bulls. IOTA/BTC pairing is currently showing a very decent risk to reward for bears as a breach of the recent low, which is also the all time low, will cause intense fear and a bunch of stop-loss cascade. There is no support left for IOTA, it's just a matter of when the support breaks. I believe this is a great gamble given the high r/r ratio here for shorts.
Short
by Ernest_Ar
IOTA With Good News!Hello crypto friends! IOTA has seen some positive news today with the integration of Jaguar/Land Rover, which lead to a nice 15% move already. We're currently inside an Hourly equilibrium in both USD & BTC and could still see some follow-through. In USD we have a resistance zone of 32-33, which we'd have to clear to be able to move higher. TP would be 34 & 37. In BTC we would already face resistance at the .65 region from the prior S&R zone. If we could pass that, .67 As always, grandpa BTC would have to be at least neutral, better bullish, for this scenario to play out. Otherwise IOT/USD has much room to correct to, 30 or even more, before it can further tighten inside that wider range. BTC is currently still in a bear flag on the 4H. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
by Edgy_
IOTA bottom - IOTBTC Wolfe WaveI actually drew this WW several days before it hit the low point, but didn't publish it. Oh well. In any case, if it plays out, we're looking at around 3x gain, and can use pretty tight stops at this level. Great RR trade! The recent low is also a double bottom with the all-time-low price vs BTC since listing on Bitfinex, which just so happened to coincide with the recent IOTA news... what a coincidence!! I love how the MM's push it down to buy the absolute bottom right before releasing positive news lol. Manipulation anyone? Whatever, as long as you're on the right side of the manipulation. Exact same thing in the stock market and everywhere else. The big boys release the news at the perfect time to boost their positions.
Long
by cryptographic1
IOTA Beckons At My Call! Other Alts To Follow?Since my first analysis, IOTA has found bottom at the previous long term support level between 4400 and 4800 and bounced with massive volume. In that post, I wrote when it was still in the 4800 area: "As you can see, we're clearly in the final buying zone for IOTA. We had a nice green doji candle that took us briefly back to 5200 on high volume. Looking at the chart, we can see that the volume on this bounce was greater than the recent sell volume. If IOTA is to make a bigger bounce, I'd like to see another big buying candle appear over the next day or two, to take us back above the triangle resistance." I posted this BEFORE the bounce. A lot of analysts will post about a trading opportunity after it's already happened. I try to do my best to ANTICIPATE a move, because it gives you much more control as a trader. On top of that, I speculated that we could potentially use IOTA as a bellwether for the altcoin market, since it has such a defined market cycle against Bitcoin, with a very obvious bottom range and top. It also seemed to be accelerating its bottoming process, causing many investors to be concerned. I posted my chart right as it was heading towards the bottom of its range, and voila! It bounced nearly 50% from its bottom, with some very bullish news to boot! Since then, IOTA has retraced substantially, so those expecting it to continue rising may find current prices an attractive entry point. How about that timing though? If IOTA is going to consolidate and move up, I'd expect the current 5400-5600 area to be a good zone to load up for these potential target zones: 8000-8200 9800-1100 12800-13200 Other potential buy in points: 4700-5000 A stop loss should probably be set below our 4400 low, just in case...though giant stop hunts often occur in this market. IOTA could experience an even bigger retrace before moving up (BNB did something similar before its unstoppable bull run). So far today, I like what I'm seeing with the rest of the altcoin market. As per my most recent video, we've continued to hold the long term support. There is still a possibility for a breakdown though, and one should always be prepared for all possible outcomes. Many people are still expecting a big drop here in Bitcoin. However, the market is very different from 2015. Instead of Bitcoin dropping back to the lows, it may be enough that altcoins have created second bottoms or ventured to new lows on their Bitcoin ratios. Some altcoins may even be experiencing pretty enormous bear traps (XLM and NEO, for example), if they bounce hard from current levels. This is based on the massive buying volume they experienced when they were at lower USD valuations (but higher BTC valuations). This divergence is confusing to many people, because it seems like many alts are bearish, when they are in fact looking quite healthy in terms of how they've recovered from their bottoms (so far). The recovery we're seeing in the cryptocurrency market right now, by the way, is perfectly in line with what happened to many stocks after the dotcom bubble popped and bottomed out. Due to this comparison to the dotcom bubble, Bitcoin DOES NOT have to retest the lows before moving up further. Let's also look at BNB as an example. Binance Coin may very well never see the $4-6 area again. The people waiting for a pullback never got their opportunity. Markets don't have to offer many chances to get in, even for experienced traders. This is why my strategy since the $3K area for Bitcoin has been to simply hold, and occasionally take small short term trading opportunities. A failure for the market at this sensitive point in time (on our long term trendline) would make a future recovery very difficult indeed. This is why I kind of see it as an "all or nothing " moment. Those with a bit too much money in the market may want to de-risk at this point, especially with the Tether situation. I'm sure many have done so already. Ideally, I'd like to see more bullish momentum for altcoins in the coming days. The recent trend has been for just one or two alts to take center stage while everything else bleeds. This trend needs to stop if we're to remain bullish, as it indicates that the market is being controlled by day traders and bots, rather than people with capital they want to invest for the long term. Anyway, this is for educational and speculative purposes only. Not financial advice. Good luck everyone! Below, you can find my ETH comparison to the dotcom bubble recovery, my terminal shakeout analyses on ONT, NEO, and XLM, as well as my first IOTA chart, speculating about a possible alt cycle. -Victor Cobra
Long
by VictorCobra
5
IOTA - impulse from JLR newsThe JLR news has caused a clear impulse upwards and potentially can cause a elliot wave sequence to trade off. We can try to trade wave 3 or wait for wave 5. Long entries with current BTC uncertainty could be risky but IOTA looks due for a recovery. We'll be looking for support off the 1H EMA200, depending on the timing this could cause the reversal from the current wave 2 at around the 0.382 retracement. It would make sense to ladder in a buy between there (5.5k sats) and the next support level at 5k sats (sits in line with 0.618 retracement). Ideally we look for some bullish divergence on the 1H to signal the reversal before buying in (we got the bearish divergence on the 1H to top out the wave 1). As we go up the next wave we want to see a solid break through the 4H EMA200, retrace and hold that as support, in that case we have a much more solid bullish position in the medium term. The lower risk trader would wait for that to happen and the completion of a wave 4 before entering the trade for wave 5. NB trade entry point and SL shown is not the full picture for a laddered entry.
Long
by spruce_g00se
IOTA/BTC pump targets and re-entry zones: Miota on the moveIota received some good Fundamental News. Jaguar will be using Miota coins to reward drivers. Thus the pump today with no real retrace yet. But we all know sooner or later it will retrace. Thus some resistance zones to watch for reactions. Very early plot, will udpate with progress and new clues. 62xx sats will be fist resistance, perhaps end of a wave. 65xx sats will be more serious, very like to retrace from it. 80xx sats looks to achievable, after some corrections and such. Iota 'adoption' news in the past has often turned out to be 'wishful'. But this patnerahip looks to be news releasted directly from Jaguar. Assuming that is all correct, Iota should be on its way to a bull run.
by EuroMotif
IOTA - Jaguar Land Rover cooperation will explode IOTA to heavenHi Guys! We have great news. Jaguar Land Rover will incentive their customers/drivers in IOTA token in exchange for gathering all driving data. Well yeah. Today data is gold or crypto gold some would say. This cooperation will make IOTA mainstream and in the limelight. Anyway, this is great news and what is even more important the market has reacted very positively on this news. The price jumped over 25% in less than 12h . So what will happen next? Here are the technical analysis details: • Massive volume after the news of cooperation not seen over a year • The price has started from the lowest price levels ever so when buying right now we buy cheap • WBM BUY/SELL Indicator – bullish, positive divergence and the price is not yet saturated – we have very low levels on it • Weis Waves – a strong decrease in the supply and much demand has shown up • Two nearest levels to be achieved are: • 1. 0.00007000 • 2. 0.00008000 So we have s 40% profit possibility soon even maybe within upcoming days. Are you in? What are your predictions? Thank you for reading. Hit a like if you enjoyed this analysis. MASSIVE Hug! WBM Team.
Long
by WBM_Team