TradingView
MarcelV
Sep 25, 2017 2:36 PM

IO Coin, Joel, Richard, Long DIONS Long

I/OCoin / BitcoinBittrex

Description

Hi All!

Today we are adding to our Longs on I/O Coin.

Entry: 95k satoshis
Target: 150k satoshis

The Goblin Town accumulation zone ~ 55k range before the breakout paid well. Now we are in 2nd accu zone at 2/1 Gann line, 95k satoshis.

FA:
  • I/O Coin presentation at Fintech awards Sept 27th in Brussels.
  • Revolutionary Decentralised Output Input Name Server (DIONS) countdown rumored to start very soon, as soon as Fintech Awards.


Depending how DIONS goes, we might reach 600% gains at 300k satoshis. For now, we are targeting "mere" 300% gains at 150k satoshis.

Happy trading! ;)

PM to become Goblin

Comment

We have seen a nice 25% rally since this trade idea was opened and wouldn't be that far from reaching our targets. Unfortunately, Joel has been a victim to hurricane IRMA and started spreading bearish sentiment on Slack just 1-2 days before the conference. They did commence dions countdown, but it will take 33 days. Which is outrageous for short-term traders. Thus the sell-off. Now between 70-85k is a buy zone with targets as high as 200k+ when the dions start.

Trade active

Another bloodbath day on altcoins i.imgur.com/Qkl2Iqy.jpg

IOC otoh is 15% up. Patience will be a winner in this trade. It's good to reduce position when things don't go as expected and then increase it again when the rain is over.
Comments
MarcelV
cryptoneo
@MarcelV, I realize you're trading instead of holding/investing, but does this cause you any concern with this recommendation? trustnodes.com/2017/09/27/iota-bad-actor-says-ethereum-developer
MarcelV
@cryptoneo, Thanks for the comment. IOC is not IOTA.
cryptoneo
@MarcelV, whoa, what a screw up... my apologies... I've read commentary in addition to yours favorable to longer term prospects of IOC...
More