Don't miss the great buy opportunity in IOTABTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.000021). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTABTC is in a range bound and the beginning of uptrend is expected.
. While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.0000262
TP2= @ 0.0000310
TP3= @ 0.0000400
SL= Break below S2
IOTBTC trade ideas
IOTA Accumulation channel Triple bottom U-turn Potential 60-120%IOTA / BTC Accumulation channel in increments of 60%.
The price is now at the bottom of the channel, for some time it will move in lateral movement, then most likely to the channel resistance + 60% and then working out the reversal pattern a triple bottom . If this happens, there will be a reversal of the main trend.
Target for local work.
The potential of this local work is from + 60-120%.
Stop loss
Under the accumulation channel support line.
During the development of the upward movement, move it up at key levels so that your profit does not turn into a loss. But keep in mind the volatility of the instrument.
IOTA - leading diagonal or not ?IOTA created nice rising wedge, in our case it´s leading diagonal, which should have upward continuation. Invalidation level is below low, so this is really cool setup with pretty awesome risk reward ratio. It´s possible, that I will be out of this trade in few minutes, but deffinitely worth trying.
IOTA - end of 1st downtrend wave ?IOTA as the most altcoins, is probably back in downtrend, because current strong, impulse move from the top could be divided into 3 waves, now we are in 4th wave (triangle) and after triangle break downside, hit 2550 satoshi, then we should see 3- wave correction (if we are in DOWNTREND) or maybe 5 waves up (if we are still in UPTREND).
IOTA/BTC sitting on KEY Support, on verge of BreakOutHello friends, please hit the LIKES to motivate these posts.
Between Mod duties and my own trades, it is not easy to publish.
This is an alert for a possible strong breakout about to take place.
If you have been following IOTA then you are very familiar with this "sad" story.
There have been many "news" events that spike and then fad away to a lower low.
This "could" be the bottom into breakout that we have all been waiting for patiently.
Currently sitting on strong support, visible to the naked eye without any fibs.
The last jump was a perfect 4.236 wave, currently fighting its 1.618 resistance.
The blue 1.236 of this fib is part of the current strong support zone that must hold.
It is too early to project Targets, other than existing resistance zones from high tf Fibs.
The last jump could turn out to be a "wave 1' of an 12345 Impulsive wave off the bottom.
If so, this wave could easily challenge recent highs around the 8100 sats peak last March.
2667-2736 sats is Key support that MUST hold, any lower and bullish view is lost.
3415-3446 sats will be first strong resistance, with minor fibs below that zone.
3771-3826 sats is the last strong resistance ahead of a wide open space to jump.
I will post UPDATES as price action progresses.
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The way of the Fib is to show precise areas of concern.
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free
There is a trading opportunity to buy in IOTABTCTechnical analysis:
. Miota/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000267 to 0.0000213). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000267)
Ending of entry zone (0.0000213)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000349
TP2= @ 0.0000455
TP3= @ 0.0000623
TP4= @ 0.0000810
TP5= @ 0.0001012
TP6= @ 0.0001507
TP7= @ 0.0001906
TP8= Free
IOTA - textbook uptrend continuationIOTA is damn bullish. We had nice 5 wave cycle up, then we go down in channel and we finally broke that channel with really good volume. The most "bearish" target is 4908 satoshi, but we can go easily much higher, I will close my LONG based on eliott wave on lower time frames. The best thing is, we can use really thin stoploss, so RRR is awesomely high. I am in since 3378 satoshi.
#IOTA STRONG - long term view - double bottom on weekly.I always say that - but people often look at too short time frames - and that needs repeating over and over again. What many see on 4H charts has nothing to do with long term 1W setups which to be honest are my favorite. Double bottom here on BTC will make this trade my #BTC harvester... since I simply am not going to sell at first green box target... Good luck everyone - IOTA STRONG.
We area so early - great opportunity...