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Iotabtc

SHORT IOTALooks great to short at the top of a flag. Looks like Dom is wanting to turn around on this BTC bounce at the 7700 level. I though that it would at least get to the 7300 level before the reassessment was to be made. There is alot of strength behind the pop in the dominance however this givess me mixed emotions because when a weekly candle starts strong it must end weak and vice versa which means this might be a small bounce in the dominance before a continued decent sometime after Wednesday. God Speed, Mr. Manbearpig
Short
by MrLucifer7
IOTA LONG - Trading in perfect cup bottom and crossed log downHey, Something I've seen and also btc pair backs it up. I've seen btc/iota and eth/iota and compared similiar runs and there is a reason to believe a move up is ahead. Then I went to check the dollar chart and saw how we turned resistance logline into a support and confirmed higher high and and the same time we are trading in a perfect cup bottom while holding important key levels. What is good to understand that usually before we confirm the bottom is we get almost similar bottom levels before and after log-cross, and we can confirm we have had that. Don't forget what iota has coming up, Co-ordicide, qupic, oracles, partherships.. the fomo will be intense when the whales decide to move it up and right now not many are in. It's not just your boring altcoin but has actual development happening despite the crypto winter. Except a rally!! So now just sit back and wait, enjoy the formations doing all the work for you. Place your sells after 5-20x and enjoy a nice ride up. But don't forget, before you can sell you have the buy the f**p up! Just imagine the cup getes filled and a handle and breakout formed after.. !::SHOCKFACE::! Congratulations in front! This is not a financial advice it's just simply my observations....
BINANCE:IOTAUSDLong
by dingdangdong
$IOTA - Time to accumulate.We're either on the brink of an Alt Season with BTC.D capping out at the 200MA weekly, or we're about to start creating a trading range. (or just another bearish retest before dropping lower - trade what is, not what you want it to be.) Trading Range Entries/Exits: Lowest Red Range = TP1 Highest Red Range = TP2 Lowest Green Range = Accumulate in/above. Stop loss below current lowest low by 3%. Trade current trend: Acquire: 2280 - 2300 Targets: 2350 > 2388 > 2470 > 2510 > 2572 Stop loss: 2235
Long
by The_Paradoxed_Prophet
1
IOTA: Relief Rally against BTC. What are the next resistances?As Bitcoin got another punch yesterday, Alts started to rally against Bitcoin. In detail this is what I see on 4H: - The market got caught in a descending triangle in July which eventually led the price to follow a descending channel. - At this time we also got a MA50/MA100 cross down shortly after. Notable is also that we got a MA50/MA100 and a MA100/MA200 cross down on the hourly chart while the price was in the triangle. - RSI was overbought at the top of the triangle which supported the downward movement. Although following the downward channel, this led the daily RSI being oversold. - MACD crossed down too when confirming the triangle with the down move. The support on 2100 sats (or 0.25$) then stopped the downward movement (for now): - The reversal got supported by a hammer candle stick, which is a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrend. - Price broke on the hourly chart trough the MA50 and MA100, now it is attacking the MA50 which is currently at 2100 sats. - On daily, MACD may cropss soon up, and the RSI is abrely not considered oversold anymore. - Price rallied about +12% since the bottom. Now IOTABTC hast to face lot of further resistnaces to stop the bearish trend, amongst others this are: - Resistance at 2800 sats. - MA200 on the hourly chart - MAs 50/100/200 on the 4 hour chart - To stop the main bearish trend, a cross up of MAs on daily is needed. This all can change vastly as BTC dominates this a lot.
by nico14