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IOTA / Bitcoin

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IOTBTC trade ideas

IOTA/BTC (Strong Bounce @ Golden Fib?)BINANCE: IOTABTC -Strong bounce at major support area around 2500 sat -This zone is a confluence of golden Fib level and 200D MA -If the daily candle closes back above the trendline support -There is a chance IOTA to test the 3100 sat potential new resistance -Still very high risk, Bitcoin should stabilize for Altcoins to recover faster -Please exercise proper risk management in this time of sell-off **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
8
Why I hodl hope for 'Degen' coinsComparison between an older coin 'Litecoin' and a newer one 'IOTA' Degeneracy can be observed in both cases Litecoin staged a reversal once this degen was finished IOTA i believe is in that stage as of current This isn't just tied to the crypto market it also occurs in other markets i have observed. However it is quite prominent in the crypto space. Out of these two i would still recommend investing in LTC, due to its maturity compared to IOTA, and proven resilience. Time and your own actions are the only variables if you decide to invest in these types of coins.
Long
by Bixley
$IOTA - MIOTA - Wyckoff Accumulation$IOTA is about to leave it's multi-year trading range. Expect news releases. Expect volatility. I'm Long. CHoCH - Change of Character When does a trend change into consolidation? How can we observe this change in enviroment? Change of Character coming out of a trading range – the largest move (swing) in the direction of a future trend with the following traits: 1. Largest swing move within a trading range (compared to previous same-directional swings) 2. Occurrence of this move in Phase D 3. Commitment of price above/below current trading range’s resistance/support lines 4. Improvement/Deterioration of Relative Strength leadership CHEAT SHEET (Accumulation: Phases A and B) 1. INTENTIONS behind Phases A and B: i. Phase A: STOP ii. Phase B: SUPPLY/DEMAND 2. WYCKOFF EVENTS: i. Phase A: PS, SC, AR, ST ii. Phase B: UT, ST and ST as SOW 3. PRELIMINARY SUPPORT: i. First attempt to stop a decline ii. It always fails as price goes lower to SC low 4. SELLING CLIMAX: i. Big spread / big volume ii. Exception 1: Contracting supply on continuous lower SC actions iii. Exception 2: SC ACTION can take a period of time to develop and the lowest bar might not be the biggest and with highest volume IV. The low of SC defines support line of a TR iv. AUTOMATIC RALLY: i. It could take 1-2 days or a period of time ii. Exhaustion of supply creates an initial rally off SC low, which is continued later by short covering at higher prices iii. The high of the AR defines the resistance line of a trading range 5. SECONDARY TEST: i. ST can be a local event to SC+AR ii. It can occur later as a bigger confirmation iii. It can create a small trading range as a testing action iv. In Phase B, a lower ST can be interpreted as a potential SOW which indicates more retesting or more consolidation 6. UP THRUST: i. NOT only in distribution! (Think unconventionally and in terms of functionality) ii. It leaves a trading range above resistance and quickly comes back – failure and supply CHEAT SHEET (Accumulation: Phases C, D and E) 1. INTENTIONS behind Phases C, D and E: i. Phase C: TEST ii. Phase D: MARKUP in TR iii. Phase E: MARKUP outside of TR 2. WYCKOFF EVENTS: i. Phase C: Spring/shakeout, failed spring, test of a spring, LPS ii. Phase D: LPS, SOS, BUC iii. Phase E: up trend 3. SPRING: i. Testing of Phase A and B lows ii. Will either fail or reverse (down or up) iii. Different types: 1-2-3 4. FAILED SPRING: i. Spring action that fails to reach the lows of the range ii. This is a sign of strength! iii. It could be also labeled as an LPS, but the principle is that of a spring iv. The high of AR defines the resistance line of a trading range 5. SHAKEOUT: i. Sharp decline on big spread and volume. ii. Deep penetration of support level iii. Quick recovery iv. Requires a test to act upon 6. SOS: i. Traveling to higher levels of the range on bigger spread and increasing volume (usually) ii. New higher highs, higher lows iii. Penetration of the resistance level of a range 7. LPS: i. Higher low ii. Inability to go lower – SOS iii. There could be quite a few LPS(s) 8. BUC: i. Last big reaction before the Markup ii. No more than 50% price reaction is preferred
Long
by The_Paradoxed_Prophet
1
IOTA price gets back on track, following IOTAs good newsLooks like IOTA is gaining strength again as it clearly broke the descending channel to the upside on BITFINEX:IOTBTC . No wonder, if you take into account, that IOTA had several positive news in the last few weeks, and traded since some months at very low level, depsite being a very interesting project. Overview over the past few weeks: - IOTA introduced the new lightweight node Hornet: blog.iota.org - Publication of a more detailed Roadmap, where Coordicide gets timed at end of 2020. blog.iota.org - Software AG, the fourth biggest IT company from the European Union by turnover, announced, that they plan a widespread use of the IOTA token. www.crypto-news-flash.com - symbol="NYSE:STM"]NYSE:STM main account on Twitter advertises their X-CUBE-IOTA1 software expansion package for their STM32 MCU (microcontroller) which enables interactions with the tangle: twitter.com - Fundstrat made a detailed investor report about IOTA, valuing the IOTA token at 2035 with a value of 101$. For me, actively following IOTAs news, it contains not much new information to me, except. But it's great to see such a detailed analysis from a professional institution and may drive price higher. fsinsight.com
Long
by nico14