Hello guys
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
IOTBTC looks like a perfect buy soon. It has formed a falling wedge (red). It can still go lower to the all time lows @ ~0.000043 BTC and form a double bottom. If that happens, especially within the falling wedge it is a no-brainer for me. Watch for incresing volume in the next weeks. The target might be lowered if the upper line of the orange triangle acts as a...
There is a high probability that the IOTA is going to rise against BTC soon after it will confirm the bottom of the main channel (green)
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This is not a trading advice!!!
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Analysis
-Specified black area is supportive zone
-Price is on bullish long-term trend line
Suggestive Position
- Entry=Trigger(according to trading strategy)
- Stop-loss=0.000057-0.000061
- Take Profit 1 =0.000096-0.00010
- Take Profit 2 =0.00012-0.00013
- Reward/Risk= 2
Now IOTA moving in accumulation zone this is good zone for buy before IOTA fly. According to my observations, I noticed that the iota team has market makers who know and have experience how to make a rocket for the price of iota. that's why my recommendation is to add this coin to portfolio for the medium term. Swing trading
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If you like catching knife IOTA is the coin for you :P
*Willy is stupidly over sold
* Bullish divergence in histogram
* OBV does not look healthy at all
* Low volume, would love to see bulls step in here
* Price eating that big tail with is the last line...
On the daily timeframe of IOTABTC, it seems that the instrument is starting the C wave in a corrective ABC zigzag, as there was an AO indicator cross above the zero line. If the price breaks the latest daily fractal, it would massively increase the chances of this forecast.
Iota/Btc will come back to life. Like most coins its in the middle of a reversal pattern in the form of an inverse head and shoulders. The green dashed lines are targets for the future. How long it will take to get there is anyones guess. Right around not its not a bad time to buy for the long term (btc/sats wise). Like always dont jump into things and protect ur mula.
1-Technical analysis:
#Classic Analysis: Price on bullish long-term trend line
& is in minor supportive zone
2-Position details:
*Entry: Trigger in buy zone
*Stop loss=0.0000586-0.0000608
*Take profit 1=0.0000848-0.0000866
*Take profit 2=0.0000992-0.000100
*Take profit 3=0.000115-0.000118
*Profit/Loss ratio= 1.5 minimum (based on TP1)
IOTA / Bitcoin long setup H4 RR=2.7
We have a RSI Divergence showing a weakening bearish trend , price also formed a bullish shark pattern at previous support level ; I am expecting to see a little upward movement . For a buy at actual price 0.000071330 BTC , TP at 0.000075132 BTC and SL at 0.00007 you get a RR ratio of 2.7 .
Lots of rejection on support
pinbar, hammer and inside bar price action
looks like we got a local bottom and will test higher - first tp is at 0,0000934 - sl below local lows at approx. 0,0000687
$IOTA is showing bullish divergence on daily chart.
Price reached buy zone and had been moving there for a while.
$IOTA is one of the top project in crypto space with great idea and community support.
Green - buy. Red - sell.
I do not recommend using this chart for margin trading.
It's not a financial advice.
Trade carefully and good luck!
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