IOTA Inverse H&DIf we will see some good moves from btc , then this target is possible.
Good luck to all
IOTABTC trade ideas
#9 Iota practice Practice with support and resistances for iota
Purple == daily
blue == 6hr
pink == 4hr
Top-10 Paired With BTCIn this video I take you through what has been happening to the top-10 paired with BTC. It is very clear that when BTC falls the ALT market gets even more beaten. Consider this when you work out what you're trading for!
IOTA about to breakout like an allergic reaction!
What this is is a very interesting technical analysis created by me in my 1-2 years trading bitcoin and other cryptos. I use Fibonacci ratios and trend-lines to determine the price action and where I should enter and exit the market. I only trade on the 4 hour charts because I found that it is the most consistent and this method works for any market that has volatility .
To begin with the price could move anywhere inside of the blue triangles. It's best to buy at the bottom of the triangles and sell at the top. The darker the blue triangles are determines how bullish the current trend is. If the price rises up and out at the top of the blue triangle that would indicate an extremely strong buy and a high chance of the price to rise. If the price goes down and breaks out at the bottom of the blue triangle it would indicate a strong sell. The small green rectangle is where I predict the price with go and is where I would buy. The small red rectangle is where I predict the price would go and where I would sell.
My position right now is currently neutral but will change soon.
I'm looking forward to getting back to you guys with a update. Please leave any comments or questions you guys have.
Technical Analysis on IOTA (IOTABTC)IOTA is on major support and is likely to go up
1)The first major long term support of IOTA is 0.00018849 BTC level at which it is trading now.
2)The second major support of IOTA is the long term uptrend line which is shown in sky blue.
3)The third support for IOTA is the 61.8 Fib. Retracement level.
4)Stochastic also indicates it is in oversold level.
5)The immediate target is the 50% Fib Retracement level and then 38.2% Fib. Retracement level.
6)If the support breaks, the next immediate support is the 78.6 Fib. Retracement level and then the 0.00012787 BTC level.
IOTA - Down down and downHey guys!
IOTA following its bearish trendline. But where to stop?
We got a supportarea around 0.00017. Here the decision will be made.
I see an Head and Shoulder formation, which is a bearish signal.
So ... if IOTA passes it's supportarea, we can be pretty sure that our next stop will be 0.00014.
Happy trading!
! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
alt IOTBTC 06-22 Basically weighted volume is showing me that the current price wont stay at the current mark for long. The falling wedge pattern tell me that the price should go up. BB's got wider, however the price is BELOW the band.
Pattern is currenly showing a falling wedge which should say that the price WILL rise.
BB’s are widening in 60, and the price is currently OUT of the band.
The same is 240 , where a new candle just started and its below and out of the band.
EMA’s slow line is over the fast line, the same is in most time periods.
Flibbr indicator is at the bottom , shows a green circle.
Ichimoku cloud is above the price.
In the 60 time period fast line is touching the slow line.
RSI is low on 240 time period.
Fibbonacci
Pitchfork
Weighted volume at the current price is quite low indicating that the price will likely go DOWN until the other volume peak.
Aligator is in a downwards trend
IOTA Price analysis1D Timeframe
Price playing right now at premium support/resistance level since Dec 2017. If price holds (which is showing some signs of doing so in lower timeframes) could send us to previous local highs at 26k/28k sats.
If it doesn't hold we would be looking at price ranging between current support and our lower one at 13k sats, which would be a pretty good long entry zone with RSI highly oversold and facing a strong support at 13k, which looks unlikely to be broken.
4H Timeframe
Bull divs showing up on RSI & Stoch with price holding on current key support level, showing some lights of a possible trend reversal on the current price.
Conclussion
Current price looks like a good long entry point, setting some tight stops in case we break through support, since if I we do, a drop to the lower support at 13k could be realistic.
IOTA, last chance to turnaroundCoin of the day is IOTA
Coming back to IOTA, which did not manage to break resistance last time renewed January lows, and now showing hints of turnaround.
To recap what is IOTA:
David Sonstebo, co-founder of cryptocurrency, states that it was developed to enable the “paradigm shift” to the Internet of Things by establishing a “de facto standardized “Ledger of Everything.”
“Simply put, this is the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other). This includes everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices and almost anything else you can think of. This also applies to components of machines, for example, a jet engine of an airplane or the drill of an oil rig. “ – written in Forbs article.
So, the main goal of IOTA is to enable data exchange between sensor-equipped machines that populate the Internet of Things.
In Aug 2017 IOTA team was accused in the team was accused of writing a low-quality encryption algorithm. A team at MIT published an article detailing their investigation into IOTA. The IOTA team developed their own cryptographic hash function which was discovered to have vulnerabilities involving different inputs hashing to the same output, which should never happen.
Neha Narula, director of MIT’s Digital Cryptocurrency Initiative, wrote:
“Once we developed our attack, we could find collisions using commodity hardware within just a few minutes, and forge signatures on IOTA payments,”
IOTA later rectified the problem, and it did not affect the further growth accompanied by a strong marketing campaign.
Technicals
After 14.06 growth impulse (listing on BitPanda), the pair did not manage to break above the Bearish Trend Line and went downwards, breaking the Bullish Trend Line and leaving the correction pattern zone. On the 0.00017 level, the coin started to show signs of turnaround pattern, breaking the Bearish Trend Line and staying above the 0.00017 level for the three days. 0.00013 – 0.00017 is a March turnaround zone, where the latest uptrend had begun, hence it might have some psychological value for traders and bring IOTA back in the growth pattern. The overall situation converges to one key point: if IOTA will manage to rebound in the 0.00013 – 0.00017 zone – there is a chance to continue growing, otherwise, dive below the 0.00013 level could kill all the bullish patterns of the chart and send the price into depression.
IOTAPossible outcome for IOTA could see it fall back to support of between 19 and 185 before going long again but in the mean time trend line is holding.
IOTA, IOTABTC - Another Attempt For a Cup and a Wave 5IOTA, IOTABTC a very ambitious project and the #9 in market cap so definitely a coin to watch. Let's see what IOTABTC has in store for us.
In my previous post I already talked about the possible cup & handle formation with breaking out of the falling wedge but that didn't follow through.
Now we're in a very similar situation and by again breaking out of a new falling wedge.
It's still early but with the right momentum, market conditions and catalyst we look to make that cup and set that wave 5.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
iotaGoals on the chart.
if the price of bitcoin will not decrease, we will reach the goal. Otherwise, we will see a price reduction.
70% long
$IOTA #IOTA - FLAGS - third HUGE flag in a row??? 4th next??Hello Lads and Ladies,
Today we are taking a look at IOTABTC - the 9th most capitalised coin in the whole market. We are going to look at the very interesting structure and the possibilities we have now with IOTABTC.
First of all, we are seeing a very huge push from 14000 satoshi to 24000 satoshi about two months ago. After this push a very interesting and predictable structure has started. Fibonacci retracement lines are as well very well respected.
So, here is what happened and what we see.
A push starts and forms a double top at its top, in the second step it basically crashes straight down, forms a double bottom at the bottom and starts a new very strong push again, where at that top it forms a double top again and after doing that it crashes again. We have already seen that 3 times and the big question is how many more times is that going to happen again?
I have to add a very strange fact that I recognise in the IOTABTC chart. If you take a very close look, you can see that the first double bottom was exactly at the 50% fibs line, the second was exactly at the 61.8% fibs line, the THIRD one seems to be forming at the 78.6% fibs line - based on that, are we going to see the fourth double bottom at the 100% fibs line?
The same decrease is also seen with the double tops. The second double top was formed at a very strong resistance and support line of IOTABTC above 0% fibs line, so if you inverse it to would be the 23.2% fibs line, the third double top has been formed at the 0% fibs line, so based on that decrease are we going to see the next double top being formed at 23.6%??
I strongly believe that we are going to see a double bottom formed on the 78.6% and then see a huge push again. Nevertheless, I do not believe that we are going to see a fourth flag forming by following the same rules as sated before. This would be TOO predictable and this normally does not happen. I would still keep this possible structure in mind just watch the chart what it does and where we are heading to.
I am actually more seeing this decreasing double top resistance being broken and the push continuing towards 26000 or even 28000 satoshi. ANYHOW, I will first watch IOTABTC very closely and look for the double bottom. This double bottom might be very narrow, because the double top was very narrow as well and there is not a lot of space left between the current position and the blue dotted flag resistance.
It seems like we have touched very shortly the 78.6% fibs line and going up, taking a look at RSI, we should go up to about 50 points, fall down below 35 points and then start the push. Again, this might happen very quick. If you are not into watching the chart the whole time and believe in this structure repeating jus put a buy order at 17300 and chill. Should this structure actually happen agin towards the anticipated resistance, then that would be around 40% gains within this week.
Nevertheless, this might be nothing and we are going to move sideways or head even more down - you should always keep that in mind, that big negative days are actually a thing in this market. But then speaking of the market, like we have seen not only one bloodbath day, so we will most likely see not only one day where all coins just go straight up within a few hours.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Fell free to request TA for ANY coin you are interested in!!!
Cheers, Tomas
IOTA - Bullish BatMy plan:
1) wait for 14770 sats
2) buy 14470 to 13000 sats.
3) stop under 13000 sats :)
#YTD
#DYOR
IOTA - Falling Wedge within Symmetrical TriangleFalling wedge starting to form, indicating a reversal with the bottom of the symmetrical triangle acting as support.
IOTA approaching major support.We are looking at 1 day chart and IOTA seems to be moving in a falling wedge pattern which is a bullish formation.
The blue rectangle indicates a major support area for IOTA which is not expected to break.
Therefore traders and investors can either start building small positions near this value only OR wait for IOTABTC to break further 5-10%.
But keep in mind, the support level also depends on the movement of BTC. If, BTC does break below $5900 levels, IOTA may be ready for another sharp fall and the blue rectangle might not hold.
Thus keep tight stop losses under the blue rectangle.
IOTA READY TO BREAK OUT OF THIS PATTERN? - CryptoManiac101IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break.
Recommendation
Investors looking for safe entry, wait for firm break, then do tight Stop Loss.
Current investors should set SL at rising line with rebuy order at demand zone thereafter.
Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL.
We are neutral on this trade until Bitcoin goes into recovery.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
