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Trader6127
Dec 4, 2017 7:53 PM

IOTA Megaphone Breakout | Good for 180%? Long

IOTA / DollarBitfinex

Description

IOTA is very bullish and is forming a continuation pattern against BTC. Watch for a dip down from the MAX TP to the classical fibo support (I think it won't get that far, maybe the 0.5 fibo) and then look for further upside to MAX TP2 at $4.86.

This is the opposite pattern we are seeing with Dash and Monero.

Take some time to familiarize with my trading approach:
forextradingstrategies4u.com/123-forex-trading-strategy/

As always, I'll update this idea with both long and short trades.

Cheers and GLWT!
-Erik

Comment

OK! This has been an insane monster trade so far....We hit and went above MAX TP in the USD chart. I'm watching for a pullback on the small TFs.

Comment

Top?

Comment

Hahaha still going! Here's the next sell target

Trade closed: target reached

Enough of that! If we go over the 0.11 fibo in the right chart I'll update the thread with new targets to the upside. Cheers!

Comment

Blew past MAX TP 2! Cheers XD

Comment

Been day trading today... nice countercyclical trades on the small TF with IOTA. Now am looking for somekind of support that might indicate further upward movement.


Another interesting one has been Santi with very wide price action XD:


Then we have EOS, which is breakout out of the downtrend (very interesting).

Comment

ITS STILL BULLISH. Watch the pull back and then try to get long,

Comment


The altcoin markets are still trying to find ground. Thread closed....
Comments
CassyFischer
This post is very helpful! As a beginner in this niche, I can say that I am doing well because of Spectro Indicator.. It’s legit! You should go and look it up.
Blockshame
@CassyFischer, and you are Posting this bullshit now to every TA? seems like you are scamming for this spectro indicator... nothing else.
CryptoCreepya
@CassyFischer, you just bumped a yr old thread u moron
741852963www
Iota chart looks amazing anyway: iotapricechart.com/
ahmad0
Great.
Do you think it's going to 1.75 first?
I was thinking about 2.25
Trader6127
@ahmad0, It will come and test 1.75 next week
ixflo12341
@agency, a lot of fa news expected in Dec, new exnchanges, new wallets, 14th events.. much more, its another eth at its 10..
Trader6127
@ixflo12341, thanks a bunch for the info
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