IOTA: Price Turn Expected with MACD Buy Signal

in #bitcoin7 years ago

SUMMARY

IOTA completed five Elliott Waves up and as a requisite correction, is patterning the very common triangle as shown below. The MACD 12 day moving average line (white) is curling up and about ready to cross above the slower moving red 26 day moving average. IF the blue waves play out, the d wave would complete and with a subsequent minor wave down; the e wave. By then, the MACD would have well generated a buy signal that could have signficant impulse effect upwards.

The IOTA/BTC is lagging the /USD pair. The MACD is not yet curling upwards but the triangle pattern is uncanny. The bottom line of the triangle needs to hold as support in order for the pattern to complete and confirm. Remember, the /BTC pairs often lag the /USD pair because it has two variable; change in demand for the Altcoin and the change in BTC price. The /USD pair only has a single variable; the change in the demand for the coin.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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thank you. I was not aware how close we were to the apex.

Is IOTA still even a coin after it's most recent fiasco?

Nice post

i think this: 1 eth= 1 btc

Lol, me too. 😂

ok i have 0.44ETH here is my BTC wallet :) 16iFeGn71phZSqS9L239GwkecXJY54HzTx

I'd expect to get your BTC FROM that wallet :)

im confused hahaha

Stay long and you willl downvoted by this crap if you speak truth.See my rating he downvoted me because i speak truth.39 TA for bitcoin all failed in last 4 days.EOS and Ethereum TA fail.Steal 2 TA FROM expert @salahuddin2004 . @salahuddin2004 give a buy signal on bitcoin at 10 k and this crap 39 TA. Eos Haejin gave sell signal with target 3. @salahuddin2004 give a buy signal at 9. TrUst this crap and get downvoted when you speak truth about him.

@morten love you man.Big crap haejin downvote the ones who speak truth about his fake TA. Doing 10 TA a day to vote himself and by his fellows and other accounts.People are blind here after 39 Bitcoin TA fail they said well well.Just because they want to upvote by haejin.Shame on blind one as well.

Keep rocking man

Thanks @haejin !!

Congrats on 20000 followers!!!! Huge accomplishment in such a short time.
May you continue to enjoy exponential growth the likes many of our portfolios have!!

great staff thanks

Would you please look at ethereum. It seems to behave differently than all other cryptos

Great post. Besides the technical analysis, most important for IOTA is to overcome the remaining challenges to implement Tangle technology in IoT via its partnerships. My view is that they will come far in 2018 and that the coin will go for Mars end of 2018.

i think that TA doesn't matter what so ever for IOTA, What does matter in iota is following whats happening with the progression of the platform! This unless you're trying to day trade iota which makes no sense but iota IS NOT going to moon while it still has so many problems. do you agree? TA dosnt matter on this bad boy

Here's a free idea to get a lot of traffic on your blog.

Keep score of his trades and clearly report on an excel spreadsheet. If he is at least 50% or more accurate, he's profitable (w/ money and risk management) and maybe he should earn all this STEEM?