IOT/BTCin my opinion IOT/BTC will go down in next days. Correction is not over after bull run and bat pattern could be valid.
IOTABTC trade ideas
IOT/BTCGreat hype coin.
I'm not buying it, because it's a piece of garbage, but there are many gains to be made on this one.
I'll wait to short it when it stops pumping.
Updated CUP with potential handle coming upJust some drawings. I'm not a pro so do your own research!
cup formingforming a cup in iota and touching fib levels(not drawn on here).
I'm still learning TA and as for all, i'm not a financial adviser nor i can predict the future. Always do your own research before buying/selling.
First public ideaWe broke the downtrend and we're making our way up to 13000 satoshi as first (potentional) big support line.
Looking set for iotaiota has had a nice expected for and has just hit major trend line.
For me, depending on how bitcoin behaves this week I wouldn't be surprised to see iota possibly fall a bit further back to low 16s before surging forward
entry
17500 - 16000
targets
#19000
#21000
#23000
stop loss 15700 if enter in 16s otherwise SL 16750 if you enter in 17s
IOTA (IOT) – backing from tech giant Fujitsu!Hi Traders!
We hope you are doing well and you are optimistic about the future.
We are on the verge of trend reversal on all cryptocurrencies. How long does it take?
A week or two or till the end of September. It will come. It will start when nobody expects.
So we noticed decent bounce up on IOTA.
Why?
They released Trinity wallet on the desktop in beta version. Hmm, this is not enough, though?
Well, the best info comes from Fujitsu group.
In an official notice released on Friday, August 24th, Fujitsu explained the use of IOTA-focused blockchain as an immutable data storage medium for its audit trail process. The initiative, dubbed “industry 4.0 co-create with Fujitsu”, sees the Japanese tech giant utilizing the IOTA protocol as a data storage medium for use within production and supply chain management, thus enabling better transparency, data trust and data security.
This might be the case. We all remember what happens with a price of crypto when there is such big announcement (ex. Stellar partnership with IBM last year). This time we may earn a bit of money too.
Anyway although many cryptos gained in August IOTA was falling.
The price fell to the level which is the lowest since November 2017. We also broke last local peak at 0.000086825.
Further important resistance to break is at level 0.000129146
Here are other technical analysis details.
Ichimoku Cloud – on the daily chart we crossed TenkanSen for good. Second daily bar is over the TenkanSen. It is green and it is growing. VERY POSITIVE.
Weis Waves – supply has evaporated and demand is growing. We need more positive volume and increased demand.
MACD – bull’s crossed observed
Chaikin Money Flow – there is a great chance to break level of 0 which hasn’t happened since May 18.
Bollinger Bands – we crossed 50% of the zone for good heading even above the Bollinger zone.
So guys. This might be a safe and very beneficial trade.
Are you in?
Thank for being here.
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MASSIVE Hugs!
WBM Team.
IOTA Has Upside PotentialAfter holding historical support at 7170 satoshi BITFINEX:IOTBTC showed strength yesterday and that is a Long signal for me. I'll take my chances.
Let's not forget that we are in a Bear market and we have strong resistances to overcome. Here they are:
0.000010700
0.000012000
0.000012700
As usual, we have to stay humble. We can be wrong. So my initial Stop Loss will be at 7922 satoshi .
IOTABTC : Top 5 Bullish coinNo.1 : IOTABTC
IOTABTC are one of the best coin this week that perform bullish.
As u can see that IOTA perform ascending triangle pattern inside channel down, and almost break up bullish confirmation level at 10589.
If this level break up we can set target at 17735.
We can buy IOTA if it reach support at 8758.
Note :
if this pattern failed, IOTA will back to 2nd support at 6801
iota btc reversal ideashaving seen some life recently thought id better take a fresh look at the iot/btc pair; i speculate that we may be in for a reversal at the end of october... it will be interesting to see how the price interacts with the fibonacci levels in the next couple of months.
IOTABTC 4Hgood entry in long for iota after a break of a strong resistance it is advisable to wait for a correction (throwback) because the rsi already shows an overbought, and look for the level 0.382 of fibonacci as profit zone
IOTA longIOTA following an ascending triangle. We can reach the targets if the BTC does not fall in the next few days.
IOTA Possible break up to resistance 7%Note: This is for my own record and improvement. Not advice.
Waiting for a break up before entering.
Tips and advice very welcome :)
IOTA in a bearish pennantIOTA is continuing its trip to the downside. The move that started around 0.0002850 has brought the coin all the way to 0.0000790. The coin also pushed through the 127.2% extension support and it has consolidated below that support since the initial break occurred. Moreover, the price action has created a bear pennant that has consolidated the price within a wedge. The wedge is now close to break and we are strongly favoring the continuation of the downside move. The bear pennant setup should bring the price action below the next key Fibbo support 161.8% around 0.000030.
IOT/BTCIf you know me, you probably already know my position on IOTA and the whole Tangle bs.
I would NOT go long on a project that has no future.
That said, it has the hype factor. It's a great sales pitch. "Tangle will be blockchain's successor" blah blah.
People believe it. People will fall into the hype.
Same way people will buy EOS over ETH, because it's "Eth On Steroids" and supposedly better, even though there was no project and it was an ERC20 token for how long?
If you're going to put your money into something that has no fundamental value, make sure you know when to sell it.
