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IOTA - Play Smart and Play SafeWe have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45 support level and we have bounced off of it twice already. I wouldn't be worried until we hit below $4.20 support. Trade Setup: Stop Loss $4.20 USD Target: $5.20 USD
BITFINEX:IOTUSDLong
by ErnestEA
38
IOTA in good trade setup, can it break upside for 80% profit ?BITFINEX:IOTUSD Friends, The pattern I look at here is symmetrical_triangle stockcharts.com The Breakout can be either side of the triangle, but as the coin has good fundamental and had the decent correction, I am looking for an upside breakout. MACD's trend is up another good sign. Entry : 1) On the lower of the triangle or 2) Buy now or 3) On the breakout. Target : 80% or approximately $9. Stop loss : break below the lower side of the triangle, Exit. I will keep this thread alive with updates. Post our thoughts, please.
BITFINEX:IOTUSDLong
by maheswar81
4
IOTA - BTC Futures FUD is Over, To Infinity and Beyond!The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're looking to retest $4.45 again, if we managed to breakout, it is a very bullish signal. We're very likely to go all the way back to $5.15 before bouncing back down. We have 2 support. A weaker support at $3.75 as seen on 12/8 and 12/10. A super major support at $3.5 as seen on 12/8 and 12/9. We have managed to stay above $3.5 despite all the BTC FUD indicates that $3.5 is a very solid support. If $3.5 support breaks, we're looking to sell everything immediately. Trade Setup: - Stop Loss at somewhere around $3.5 - Sell 30% IOTA at $5.15 to secure profit in case we can't break through $5.15 resistance. - If we manage to break out of $5.5, there's nothing that can stop us. Sell 70% at $5.9
BITFINEX:IOTUSDLong
by ErnestEA
38
Investors are unsure right now. Decision within the next 5-20h.Investors are unsure about IOTA right now. If the immediate support line at ,000302020 breaks, the price will further drop. Next stop is the uptrend line which forms to a certain degree a big flag including the big surge. ADX shows a bearish sign at 1h t chart as red has just crossed green and is about to cross the signal line. As long as the signal line does not follow red and green stays at its current level, the downtrend is not confirmed. Keep an easy on that. Volume is missing though. RSI is oversold at 1h and 2h while it shows at the 4h a cool downtrend from being oversold at around 65%. If bulls do not decide to take over within the next 5 hours, bears will show interest to take over. If so, bulls bought some time until to decide again. Disclaimer: I’m new to TA and just try to contribute some thoughts. Feedback is more than welcome. I also would like to clarify that I am into IOTA invested.
by Crystalball0x
IOTA trade idea for day traders.With the world's fast-growing adoption of Internet-enabled everyday products, the business-to-business market for the "Internet of Things" (IoT) is exploding. Analysts forecast that B2B spending on IoT technologies and solutions will reach $267 billion by 2020 -- and as more devices create a near-endless stream of data, the market for data-driven insights is being eyed as a catalyst for IoT growth. IOTA is the e-currency of IoT and IOTA's value will be much more than whole IoT market because it is a limited commodity. I called for long when the IOTA price was 1.04. People who have followed my advice made decent money. I expect IOTA price to be >100 USD by the end of 2019. For that reason I recommend to buy and hold. But if you are a day trader there is a good trade opportunity: We are currently at red 5 on hourly chart according to Tom Demark count. IOTA price will fall up to 4 more hours then uptrend will start again. We are currently at green 4 on daily chart and green 5 on weekly chart. Which means bull trend will continue at least 4 more weeks. Here is my short term idea for day traders: Long at: 4.02 (fib. 0382) Take profit at: >5.5 Stop loss: 3.4
BITFINEX:IOTUSDLong
by EylemCulculoglu
14
IOTA - Take some profits before it will be cut in halfIOTA had an incredible run over the last weeks. I have been aggressively buying into weakness in September and October below 0.45$. Now it is about to reach the 3.618% Fib extension at 3.78$ and is getting overbought in the short-term. I´d recommend to take some profits off the table and put some limit buy orders between 1,50$ and 1,90$. As far as I can see the volatility will rise dramatically and a 50-70% pullback is getting very close... Take some money off the table but don't short this bull-market...
BITFINEX:IOTUSDLong
by MidasTouchConsulting
IOTA Bull Trend Will ContinueIOTA gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. I expect the bull trend to continue for at least 7 more days. We are at green 5 on the weekly chart which means we can have 4 more weeks of uptrend. Support level-1: 1.96 (Fib 0.5) Support level-2: 1.45 According to Boston Consulting Group market analysis, Internet Of Things Market will reach $267B By 2020. IOTA is the e-currency of IoT and it is market value will be much more than the whole IoT market as it is a limited commodity. I recommend to buy and hold IOTA for long term. If you are a trader, here is my short term idea: Long at: 2.39 Take profit: >4.0 Stop loss: 1.40
BITFINEX:IOTUSDLong
by EylemCulculoglu
7
IOTA - Double Top Pattern Forming. / Time for reversal?IOTA has experienced a very powerful bull run in the past few days, we have formed a major resistance and support line you want to watch out for as the price is likely to fluctuate between these two levels. Currently, IOTA looks to be forming a double-top pattern which is a bearish signal, it is likely that we could see a drop back down to the support where if broken, the price will continue decreasing. Orange - Resistance. Pink - Support.
BITFINEX:IOTUSDShort
by thomasfar6
2
IOTA : a potential crypto currency (only view)The first publically accessible marketplace for IoT (Internet of Things) has been launched this week. Berlin-based crypto startup IOTA has partnered with Microsoft, Fujitsu and twenty other companies including Bosch and Accenture to develop a blockchain solution to data monetization via internet-connected devices. Analysts predict that business-to-business spending on IoT technologies and solutions will reach $267 billion by 2020. More and more devices will create a near-endless stream of data, and the market for data-driven insights is being eyed as a catalyst for IoT growth. The initiative will allow stakeholders to share and monetize their data in a secure way in a tamper-proof data marketplace via distributed ledger powered by the cryptocurrency. IOTA’s blockchain will distribute the data to countless nodes in order to ensure that integrity and security remain intact. The altcoin uses a different technique to distribute and decentralize its ledger, unlike standard blockchain technology. A system called ‘tangle’ which claims to offer free transactions and much better scaling opportunities than regular blockchain systems. IOTA co-founder David Sønstebø stated “We are very excited to announce the launch of our data marketplace. This will act as a catalyst for a whole new paradigm of research, artificial intelligence, and democratization of data.” According to its latest white paper IOTA “naturally succeeds the blockchain as its next evolutionary step, and offers features that are required to establish a machine-to-machine micropayment system.” The marketplace demo will run until January and IOTA stated they will release a series of blog posts to highlight how companies can use the technology and benefit from it. IoT devices connected to the IOTA ledger will allow regular users to sell their data and allow them to access other data streams. A system that facilitates the sharing and selling information from smart devices across the internet may enable people to profit from their own personal data. IOTA does not require miners which is why the transactions are free, developers and investors are banking this and the rapid growth of IoT to push the crypto technology further. IOTA is currently the ninth largest cryptocurrency with a market capacity of just over $4 billion. Trade volume in the past 24 hours has been around $370 million, and prices have jumped from a range bound $0.4 – $0.6 for three months or to around $1.4. Many altcoins have enjoyed a resurgence in price action following Bitcoin’s monumental climb to five figures and the latest news will only push the price of IOTA even further. Newsbtc
BITFINEX:IOTUSD
by LegacyVA
2