Get started

IOTA / Bitcoin

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

IOTABTC trade ideas

IOTA. Anybody needs internet of things?Coin of the day is IOTA. While Bitcoin is falling and dragging markets behind him, It is a good time to consider blockchain technologies which could contribute to future by not replacing fiat money. IOTA is an ambitious project that was founded in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo. In a blog post discussing IOTA’s roadmap, David Sonstebo, co-founder of cryptocurrency, wrote 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 means the cryptocurrency will enable data exchange between sensor-equipped machines that populate the Internet of Things. The Internet of Things is a glamorous buzzword, but there is less and less doubt that soon in our smart houses toasters will communicate with each other. Good examples are given in the Reddit post: "For example, you might be able to scan the code at the bottom of your milk carton and have it delivered to your door from Amazon using IOTA funds. Again, this is not possible with bitcoin because of its high transaction costs and network delays." "Or a vending machine, in which you would normally use your credit card gives the option to pay with iota as it saves Pepsi or Coke-Cola the overhead of authorizing transactions through the Visa or MasterCard network. This cannot be done with bitcoin because of transaction speed. additionally, because of the financial framework the cryptocurrency provides..." IOTA does not use the traditional blockchain design used by most cryptocurrencies. Instead, it has developed a new platform called Tangle, which uses a mathematical concept known as Directed Acyclic Graphs (DAG). For its transaction to be valid, each node in a DAG Tangle must approve two previous transactions at other nodes. This has two consequences. First, it removes “miners” as entities to validate transactions, thereby eliminating a possible bottleneck when transaction speed and numbers are high. Second, the network’s growth and speed become directly proportional to the numbers of its users. In Aug 2017, 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. Latest news Bitpanda announced that they are planning to list of IOTA on 14 June. Technicals Overall pattern on the chart - correction of the 2017.12 peak, though since 2018.05 coin attempts to break free from the correctional bias. March - April uptrend peaked not reaching 0.0003 psychological level. Throughout May the coin was stagnating and now showing bottoming patterns at the 0.0002 support level. Lately, the price came to the intersection of three support factors: 0.0002 psychological support, Global Bullish Trend Line, and 100-days EMA. Nonetheless, the overall pattern still looks bearish; buy-in should be considered if the price will show consistent upward momentum and rise above Bearish Trend Lines (orange lines on the chart) and 0.00021.
Long
by DestinationMoonCrypto
1
IOTA Potential long setupPrevious setup made some gain, now continue to grab the opportunity and been patient till correction is over. Miss the falling wedges breakout trade but there always a retracement and REMEMBER it. TA: - Golden ratio zone - Formation of 3rd of 3rd subwave TP: -1:1 for 3rd wave (never the shortest wave) - Previous high with around 1.27% extension - Break previous high for 1.618% extension - Conclusion: RR is resonable as long my count (2) is holding well TRADE with RISK MANAGEMENT!!! I am an individual trader, based on personal analysis. Welcome to share your ideas and let's improve i
Long
by Jackson-VAD
IOTA Cup and Handle/Symmetrical Triangle IOTA has formed a Cup and Handle Pattern as well as a Symmetrical Triangle Pattern on the daily chart. I have always been bullish on IOTA as it unique from most Cryptocurrencies in the sense that it uses Directed Acyclic Graph technology as opposed to using Blockchain. Since each user of the IOTA network has to verify two transactions before theirs is verified, scale ability is unlimited because the network gets faster the more users there are (as opposed to blockchain where more users on the network can slow it down). If IOTA follows and breaks the Cup and Handle Pattern, and breaks the upper resistance of the triangle, we should see IOTA take off.
Long
by AidanMDang
4
IOTABTC - A Chance To Find Support Before A RallyPosting about a series of Alt Coins that follow my relatively straightforward criteria these days for when Bitcoin is in a slide. The four parameters are: 1. Above the 50 day MA (RED). 2. Above the 9 day EMA (Orange). 3. Above 50 RSI - Even better if Above 60 RSI . 4. Positive trend in MacD . Coins already meet the parameters include VEN ONT BNB and EOS. ZIL will join them soon, as will WTC. IOTA has an opportunity to be a perfect example of why I am confident when coins meet these parameters. The problem: Will IOTA continue to retrace down? My prediction - No. Why? There is a reason why my parameters are what they are. I like multiple day/week long swing trades and I am relatively risk adverse. I like to buy a coin after its passed known resistance, when its bullish on the MacD and when its bullish or about to be bullish on RSI . I like to know that I have support close below my purchase price in the form of the 9 Day EMA and the 50 Day MA. Here, the price is currently finding support on the Fib Retracement level and is just below the 50 day MA. The 9 day EMA recently provided support on 5/30. Until a a candle closes below both the 9 Day EMA and the 50 Day MA, I see no reason to think it will continue to fall. How to play it: If not already holding, then wait to confirm the RSI bounce off the 50 and wait for the price to climb back above the 50 Day MA and possibly 9 Day EMA . I was holding and took profit above 25000 so I too am trying to find the right time to buy back in as well. The initial target will be top of the triangle pattern at around 25000, and then focus will be on the potential breakout which would create a new target of 28000 and require reevaluation. If the current candle does not climb back above the 50 day MA and above the 9 day EMA, then the RSI is unlikely to bounce on the 50 RSI and we will likely see a further drop in price which I do not want to be a part of.
by bonesca
1