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Iotabtc

Iota to enter a new paradigm There is limited data as Iota was primarily traded over the counter before being added to the first major exchange Bitfinex. Fundamentally everything seems to be on track but it won't be discussed in depth as is mostly about technicals and psychology. I will say that BOSCH opening saying they invested into the IOTA tokens itself is huge. A correction has taken place and looks to be almost complete. If that is true, we could begin either wave 3 or C. It doesn't really matter too much which and it's impossible to tell without hindsight. Trading wise it's the same thing. A long here or at support will be rewarding. The sheeps have heard of Iota, and most have dismissed it. There has been no fomo (fear of missing out)/ euphoric type talks about Iota taking over Bitcoin. This psychology of the mass is similar to Ethereum a few years ago. Most are skeptical of the claims and are waiting for more development and confirmation before putting larger money. The notion is to buy the potential and sell the product. Once Iota does do what it claims, the sheeps will be buying and the smart investors/traders should be selling.
Long
by DrIntp
3
Iota Possible scenario'sQuick analysis on IOTA/BTC using trend analysis. 1| Iota is able to break the resistance and goes up to the first target zone of 6-8 dollars. Notes: x 5.8 is an important point to watch (previous ATH). x After this a small correction is possible, we might form an uptrend to 10-15 dollars (elliots impulse wave ABCDE) 2| Iota is not able to break the resistance in the comming days and will go back to it's previous trendline. In about 2 weeks then upper and lowertrendline cross forming a triangle. Most likely Iota will break the upper line going up to the named target area or even higher. 3| Iota is not able to break the upper line, BTC gets pumped and alts fall. I don't think BTC will get back up that fast. I'm not saying we won't see btc 15-18k in 2 weeks. IMO the next real btc pump won't start before the end of januari, making it more likely that alts will keep gaining value. Note: Last days I often saw that the volume wasn't following in the uptrends. However, with every uptrend more and more volume (bulls) kept building bases for Iota. Leave a comment with which scenario you find the most likely and why you think that is.
by Sellingdignity4btc