IOTA/USDT Elite spot Yesterday we analysed this pair in our trading room. Price was at the elite spot from where we are looking for sell entry. Right now we closed the trade and are waiting for another sell opportunity.
Our trading approach is very simple:
1. first we look for a trend
2. how many % of the daily average movement, price already did
3. Is close to elite spot or BP (big player area )
4. In which territory is price ( sellers or buyers )
5. If there are major news
We do not use indicators because they are made for retail traders who are unprofitable in most cases..
Just keep it simple and focus on price action!
IOTA
IOTAUSD _ If this were the WYCKOFF Accumulation ...On many websites educating us in relation to various trading methods and trading psychology we see often Wyckoff Schematics in relation to Distribution and Accumulation.
This example presents IOTAUSD trading pair, but obviously could be used on others. It's quite complex and extensive for beginner traders to wrap your head around but if true and spotted early might become a lucrative trading method for those who are patient.
Here I present an example which might obviously fail, but at least you know what you could expect if this were to platy out.
One Trillion Market CapI've been curious as to what players would be involved to have the Crypto world have a one trillion dollar market cap. Looking at the top 20 coins, it looks as though we sit around $600 Billion, so less than a doubling of the current market. I truly believe the "FOMO" hasn't even arrived in the market and once they catch on that we'll see the trillion dollar mark by at least the end of 2018, if not earlier. The Crypto players that will be a part of this will involve a handful picked out from the top 20. 2018 will not only bring new dollars into the arena, but will also separate the good coin from the bad. Something has to give in regards to having a couple of thousand coins...mostly fluff coins with no apparent reason to exist other than to scam and tarnish the good products here. The former big three (BTC, ETH, LTC) will still be around, along with some new comers such as XRP, MON, IOTA...however, in what capacity they contribute to that trillion dollar market cap will be the interesting thing to watch as 2018 progresses. Happy trading!
IOTA/BTCContrairement à beaucoup de projets sans technologies bien particulières, ou encore d'autres pseudo mine d'or, le projet IoT (internet of things) reste solide et vit très bien dans son temps, voitures connectées, radars, transmetteurs/récepteurs, etc..
Tout comme le BTC, l'offre de la crypto MIOTA, est bien definie
2,100,000,000,000,000 Satochi pour le BTC
2,779,530,283,277,761 Iota pour le MIOTA
IOTA/BTC Binance TA for beginners. EnjoyHello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the same Lows it suggests eventually we will run out of buyers at the level of the lows and price will break down. We are looking for a break down on this pair unless we see a Higher High (Price puts in a new high price, that is higher than a previous cycles High).
So price means our bias is short, or to sell.
MY other concern is Volume, a number of these pairs are seeing volume drop and eventually volume creates the demand to move price. When volume is down price can spike on small transactions making trading messy.
To Trade this I would want to see price Advance down through the support (Black Line), and then pull back up to the black line, I can then enter short or wait for bar to move down and sell the bottom of that.
I am trying to keep this simple to follow, if you have any questions please ask them and I will try and clarify them for you.
Always remember if you want to make dollars your decisions need to make sense. You need to take your time with this one, wait for a clear entry or keep your money.
Feel free to follow if this was helpful to assist your trading.