IOTA/BTC. R Trader

[RoboForex Administrator]

IOTA/BTC

IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA's transactions are free regardless of the size of the transaction, confirmations times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale. IOTA was founded in 2015 by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov.

This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.

[Yudhishthira]

The IOTA/BTC cryptocurrency prices is near the level 0.000075. There is correction can be see to the previous high can be touch if prices drops down by this week, then prices might hit up the level 0.0001 and if there reverse occur then there is no trend and most likely we will see a decrease to the level of 0.00006 with a continuation of the downward daily trend.

[nadezhda84]

The current rate of IOTA is 0.00007257 BTC. The trend continues to be bearish, but it seems to be near the support level.





The amounts involed in trading this instrument are small, so you must be very serious regarding the possible sudden volatility changes. Look at the 800 hours simple moving average, which is at 0.00008400 BTC. This is a good chance to buy, buy you need to find a correct entry point. Stochastic can help you with this. Also mind the principal support level at 0.00007100 BTC.

[nadezhda84]

The IOTA-BTC crypto-currency instrument is 0.00007279 (BTC). The observed motion is neutral. The price is below simple moving average, 800 hours, as depicted in the chart attached. The 4-hour stochastic indicator (5,3,3) is in the bottom range, but the fast line and the slow line crossed below 80%, so the signal is not strong. Since the motion is neutral now, it is better to wait for some meaningful signals.

[nadezhda84]

The current price of IOTA is 0.00007633 BTC. The trend is bullish confirmed by 4-hours stochastic (5,3,3).






The price is approaching 800-hours simple moving average, that is currently at 0.00007700 BTC. The resistance zone is at 0.00007900 BTC. It may be good to select some resistance or support zone to keep a limit order there, just in case, because volatility is high and abrupt movements are possible.

[nadezhda84]

The current rate in the IOTA-BTC trading instrument is 0.00007605$. The short-term trend is bullish, while a longer-term trend is bearish (which is still in force as far as I can see).






The price currently coincides with the simple moving average curve with a period of 800 hours, thus the situation in this market is neutral and opening a trade is not suggested, because the next direction is uncertain.


Keep waiting. Better signals are to arrive.

[haris66]

IOTA-BTC index price 0.00007526 moving downwards in the favor of bearish trend forming a nice daily bearish candle due to high sellers pressure IOTA-BTC not able to break this support level 0.00007283,IOTA-BTC touch this level several time but fails to break downwards, if IOTA-BTC able to break this level then it will go further downwards in the favor of strong bearish trend have save trading ..

Possible Direction ( Bearish ) In daily time frame

[nadezhda84]

The rate is the IOTA-BTC trading pair is 0.00007267 BTC.






The trend is strongly bearish. Moreover, the minimum was renewed today. This fact is essential and may mean that the bearish trend is not about to finish. Consequently, it is earlier to think about enter a bullish market and it is time to wait for the further movements.


Trading recommendation: observe when the downside movement finishes.