alanmasters
Long

[MIOTABTC] IOTA Hits Bottom Time 4 Up [510% PP]

BINANCE:IOTABTC   MIOTA / Bitcoin
Ranked on CoinMarketCap as one of the cryptocurrency with the biggest market capitalization, MIOTA is sitting at #13 in the Top20.
Let's start with the overview of the project.


MIOTA (IOTA) Overview

What is IOTA?
A permissionless distributed ledger for a new economy

An Open-Source Distributed Ledger
The first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.



MIOTA Trade Analysis

Let's start today with the daily chart , this is the chart that we will use for this analysis:
  • Our 2017 support has been touched, marked with yellow square... And trading volume had a massive increase after this support was touched, signaling interest for this altcoin at this price.
  • MOITA starts to move.
  • MACD is now trending on the bullish side and RSI is coming out of oversold.
  • We are now trading above EMA10. With MIOTA consolidating for over 80 days, I believe it will move up next.
  • Let's trade.


MIOTA Trade Instructions

Buy in: 0.0000738 - 0.0000791

Targets for IOTABTC by Alan Masters:

(1) 0.0000921
(2) 0.0001061
(3) 0.0001191
(4) 0.0001291

Longer term
(1) 0.0000141
(2) 0.0000161
(3) 0.0000181
(4) 0.0000201
(5) 0.0000221
(6) 0.0000261
(7) 0.0000281
(8) 0.0000321
(9) 0.0000411
(10)0.0000471

Stop loss: Close daily candle below 0.0000672

Capital allocation: <10%.



WISHING BLESSINGS

Wishing you many blessings for today...

Namaste.
Trade active: We are within buy in range. MIOTABTC is a long term trade, please allow time for this trade to develop.
Trade active: We are now back within buy in range.

Trading active.
Comment: MIOTABTC moving positive.

Solid uptrend:
Trade active: All targets are valid on the way up.

You can trade this one for profits. The charts are looking good now.

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Related Ideas

@alanmasters thanks for your idea, I was looking for this buy, however was afraid. It boosted my confidence and I got a great entry! :)
+1 Reply
This bottom around 7000-7200sat is strong, like you said, IOTA not be a cheaper than now. thank you for your work
Reply
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