Been following this for about 12hrs now and seem to work. Not a big 'idea' but seems to work for me when to buy low / sell high for short term IOTA. Works on 15-30min intervals, so it is kind of important to look at the line every hr or so. Do remember most of the IOTAs are based in Asian market. Thoughts?
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If I calculated this correctly, between 12-1am EST it should start going up.
Trade closed: target reached
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Was off by an hour. Currently trading at $3.15 a nice bump of $1 . I’ll publish new image. This one seem to go to $3.50 . Will publish new idea on IOTA will go to $4.90 but before than we will see a dip.
Very interesting...interesting perspective...it did rally on sun evening but how will the bearish stance the West took affect the bullish morale of the east?
mrzobot
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@kikadstt, not a big fan of trading analytics as much as I am into machine learning :) -- are you asking when the 'buy" will go up again on fart left? ( I say between 12-1am EST, and speed up around 8-9am when most people are up in US, and most Asian market is about to go to sleep)
deniskov
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correction - iota is mostly traded on bitfinex, a U.S. site, so it's not based in the Asian market
mrzobot
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@deniskov, oh - I thought it was the other way around? Bifinance + Bittrex is going to add it soon*
@deniskov, thanks - TIL I hope that thing goes back up in an hr or two. Just bought some more for long haul.
deniskov
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@mrzobot, one more thing your idea is listed as a short but it seems like you meant long? cheers!
mrzobot
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@deniskov, newbie here: Short I thought as "short investment" like don't rely on what I said if you are looking at trading every few days/weeks :) .
By the way I just found out the hardway that bitfinex is not allowed in most US countries. So to buy Iota . I think you have to go to Binance -- at least I had to.
I also think these waves are happening because the exchanges are trading money and people are also moving from one exchange to another.. like Coinone was nowhere to be found, and now all of the sudden its at 20% market share for IOTA
@mrzobot, short means you're margin selling usually, as in you think the price will fall.
long means you're buying it with hopes of it going up :)
as per the bitfinex USA ban situation, yeah it's not allowed but let's just say that doesn't bother eager USA residents from trading anyways ;)