IOTBTC trade ideas
IOTA For obvious reasons with the crypto market i would wait for more of a signal until entering a trade but my prediction for iota.
would wait for a decent cross of the 50ema before making a trade unless you have just bought iota on the low then watch for some resistance at the 50 ema to see if you want to take profit at TP1, if we see a break though next targets i think are possible over the rest of the month.
will be keeping my Stop Loss close. could possibly see another heavy sudden cliff drop again in cryptos (Bitcoin) but staying optimistic is usually more fun. I will be more worried by a subtle decline.
targets
TP1 8389
TP2 9435
(these targets may take longer)
TP3 10260
TP4 11101
TP5 12296
TP6 13796
Stop Loss
SL1 6948
SL2 6735
Iota: 50-100% profit potential BTCIota has been suffering lately. Some people call IOTA a scamcoin. Maybe it is. Maybe it isn't. (It probably is.) Regardless, the POTENTIAL of Iota to revolutionize machine to machine transactions with it's DAG architecture makes it a coin worth trading.
I'm eyeing a buy in around 6k satoshi, and a sell zone 9,00-12,000 satoshi. It all depends on what kind of news comes out regarding IOTA within the next month. Huge partnership? 12,000 satoshis. Crummy fake news, like their "Microsoft partnership" fiasco last December, which pissed me off so much I shitposted them on twitter for the next 2 weeks? 50% retracement.
What do you think about IOTA? Please share your ideas below :)
A trading opportunity to buy in IOTABTCTechnical analysis:
. IOTA/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 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000117 to 0.000089). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000117)
Ending of entry zone (0.000089)
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 the 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= @ 0.000155
TP2= @ 0.000186
TP3= @ 0.000204
TP4= @ 0.000247
TP5= @ 0.000290
TP6= @ 0.000334
TP7= @ 0.000474
TP8= Free
A trading opportunity to buy in IOTABTCTechnical analysis:
. IOTA/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 43.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000117 to 0.000089). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000117)
Ending of entry zone (0.000089)
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 the 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= @ 0.000155
TP2= @ 0.000186
TP3= @ 0.000204
TP4= @ 0.000247
TP5= @ 0.000290
TP6= @ 0.000334
TP7= @ 0.000474
TP8= Free
Iota day trade *sorry for the late post on this one* I didn't have time to post right after I made the trade
Iota had a nice pump then formed a continuation flag so I bought the upwards ascending triangle break.
I sold half of what I bought at a 2.5% profit and am going to let the rest ride, hopefully until the 1hr rsi breaks 70.
I am mainly posting this for my personal record and would not enter at the current price .
that being said this post is not financial advice.
IOTA / BTC // Patron Butterfly negotiable // potential buy limitIOTA a very interesting project
forming a butterfly pattern. wait in our area of rotation to be able to make a very large operating profit
medium and long-term investment. it is my case it is one of my projects that occupies a big% in my portfolio.
At this moment, shopping in the alcoches is as a gift.
why is going to see a season of the alcoins "that each satochi of alcoins will have a giant value in Bitcoin"
FAILURE TO INVEST
"It's when he invests in something he does not know" Warren Buffett
greetings I am looking forward to your comments on your investments in the medium and long term.
If you are not in our non-profit community
"""GREETINGS TO ALL"".
IOTA: bears overpowering, despite meaningful commercial progressIOTA's price has been up and down recently. There is short- and medium-term resistance which the token is facing, which needs a lot of bullish momentum to break.
IOTA is a digital currency and network which is designed for use with the Internet of Things (IoT). It is the ninth largest cryptocurrency, thus remaining at the center of discussions and speculations.
IOTA is the first cryptocurrency to use an altered blockchain known as "tangle" in which the transactions are verified by other people posting them instead of miners. It has better security and faster processing times.
IOTA has grown through partnerships with companies such as Bosch, Volkswagen, Fujitsu, and Microsoft. After its partnership with Microsoft, its digital currency, the IOTA token, also known as MIOTA received a significant boost. Despite competition from other crypto-companies, IOTA continued to address the critical real-world use cases including e-government, smart cities, and public transportation.
www.finstead.com
My $1k to $100k Challenge - Day 18 Trade #27 - IOTAHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
The first week, I made a few mistakes that cost me. Being greedy never pays off. My last couple days of trading has been rough. I have lost back some of my profit I was gaining. There is no need for me to panic, I will keep on working and push forward.
Last 14 completed trades: 9 wins 6 loss
After 17 days and 25 completed trades:
Wins: 14
Loss: 11
Balance: 0.18 B
USD: $ 1465
*Some trades may be pending and not yet included in my stats
There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow.
CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge.
If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart.
Alright, here we go with Day 18 trade #27
I invested 0.09576716 B into IOTA. I bought 798 for an average cost of @ 11979 satoshi
Sell target is: 12580 for 5.02% profit
Stop loss: 11440 (-4 1/2%)
I had an IOTA trade open recently that ended up hitting my stop loss. The volume is increasing, all the indicators point to reversal, IOTA round #2.
In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all.
I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey.
Your comments, agrees and disagrees are always welcome and appreciated.
Thanks for stopping by and have a great day!