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.
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Is IOTA still even a coin after it's most recent fiasco?
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Nice post
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greeting bro
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i think this: 1 eth= 1 btc
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I'll happily trade my eth 1:1 for your btc @guiseppe
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Lol, me too. 😂
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ok i have 0.44ETH here is my BTC wallet :) 16iFeGn71phZSqS9L239GwkecXJY54HzTx
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I'd expect to get your BTC FROM that wallet :)
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im confused hahaha
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Keep rocking man
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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!!
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great staff thanks
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Would you please look at ethereum. It seems to behave differently than all other cryptos
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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.
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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
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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?
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IOTA is very promising coin!
http://promisingcoins.com/hot-tips/iota/
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Based on the algorithm I use IOTA has finally also given a buy signal. For us it was for January 26th @ $2.33.
Check this out if it interests you regarding pricing of steem and btc: https://steemit.com/steem/@weilii/introducing-the-neux-oracle-steem-and-bitcoin-trade-signals Just started following you, would appreciate a follow back if my price analysis content interests you as well :)
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Nice Analysis, personally I love IOTA and hope for future gains. By the way i just did post were i talked about Neo i would be really happy if you checked it out!
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--- "When I close my eyes, all i see is candles" ---
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Don't die too soon man
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What if im already dead, and Steemit is heaven?
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Guao! nice post reegards my friends.
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very nice post
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nice post, gracias por compartir tus análisis
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por favor no marquen este comentario como spam
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Been waiting for this to make another move.
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good analyses, thanks!
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Time for Tangle take-off?
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Nice. Been waiting for this IOT-coin to turn. Keep up the good work!!
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Any change that comes with the positive and the upward development is welcome. The world needs changes in all its environments. Regards!
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Geocoin is the biggest shitcoin of all time, down 71% from your initial recommendation. I really home this doesn't continue the downtrend into a dead coin.
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IOTA coin moves differently from others. Wait and watch where it will go.
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What’s th short term target here?
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for the horde!
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So everything looks like it goes going up :) This is good!
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hardly few days back, your previous post says 0.59$ for iota C wave.... now its completely something else. WTF dude
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Can you check out Denarius Dnr from cryptopia ? It's on a run lately .
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IOTA faces challenges, but I definitely believe that it can turn around from how low it has gotten shot to the bottom. Owning some IOTA myself I can definitely see IOTA moon this coming year!
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Do you take into account global analysis? Because recent collapse was not predisposed at the extent that happened. Thank you for the reply, @haejin
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Congratulations @haejin, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 394 and the total pending payments to posts in this category was $14184.22. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 432.85 SBD, based on the pending payout at the time the data was extracted.
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lets hope so mine is down right now
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I felt the news of the hack put a big hit on the price of IOTA. I am still holding but am definitely weary of its future. They really need to turn around their perception by the public. Too much FUD and bad news on either the code issues or security of the wallet.
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IOTA to the moon
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The drama around iota really has me just waiting to make any advances.
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The IOTA foundation Sign memorandum with Taipei City.
https://www.inside.com.tw/2018/01/31/taipei-municipality-and-the-iota-foundation-teams-up
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Fakejin, Bogusjin, scamojin
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