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IOTBTC

Iota VS Bitcoin Expected Upside TargetFollowing the previous idea on Iota VS Bitcoin , it went higher as expected breaking above the descending channel. But the question is how far more it'll go? After breaking above the channel IOT/BTC corrected down to 71k satoshi and almost immediately went up to 448k satoshi. Fibonacci applied to the corrective wave after the breakout shows that price broke the 727.2% resistance level and corrected down sharply. The correctional wave stopped at 4/1 Gann Fan trendline, that is 17.5k satoshi support. The consolidation period followed and this weekend price rejected the 200 Moving Average, suggesting that Iota is ready to go higher. The next Fibonacci resistance is at 827.2% retracement level that is 476k satoshi and this is where the expected upside target is. The support remains at 17.5k satoshi, and there is a possibility that it will return back to this support, perhaps spiking lower. But in any case, price is expected to grow and high the upside target in the short to medium term.
Long
by CryptoPAMM
3
IOTA VS Bitcoin Uptrend ContinuesAfter reaching the btc 0.00044 high, Iota almost immediately has corrected down to btc 0.00017, losing 60% to the Bitcoin. Following consolidation between btc 0.00030 and 0.00017 is going on now for nearly two months.  IOT/BTC has rejected the 61.8% Fibonacci support level multiple times and with the last bounce of that support level, occurred last week, the 8/1 Gann Fan trendline has been rejected cleanly as well.   This could be first signals of the end of consolidation period and continuation of the long-term uptrend. The price is certainly attractive for buyers and least for the short term investment. The first resistance is at 23.6% Fibs that is btc 0.00035 level and should play the key role in further price development. Break above it should confirm the long-term uptrend, while the rejection could prolong the consolidation period.
Long
by CryptoPAMM
2
Stop it with those triangles - Don't even tryThere was a time when they were useful. the upward trend that followed when we broke through the first triangle after the massive early December price increase. However since then, descending triangles, ascending triangles, all those pretty channels and wedges, they don't tell us shit anymore. Hell, I can't even make much sense of those indicators. Maybe there are others who can include even more indicators and combine them in some clever way to get an idea what's happening next with this revolutionary technology's token price. I have yet to see a single post on here which managed to accurately predict the next move. And I like to think I have read them all. I'm not a big fan of fundamentals, but here is what I do think: It won't moon anytime soon. Shit, the price probably won't even go through the roof of a hobbit hut before March. It (the tangle) is the foundation for an entirely novel economy and this token is one of the fundamentally solid and safest investments to make on the cryptomarket. Call me crazy.
Long
by knowhatamine
10
IOT's upward flag!All the indicators (net volume and MACD) are converging with the decrease in volume. The pattern is also to meet its end within a few days, which has last for more than one month. However, we don't know the direction of IOT's next move. Anyway, I think IOT will roar because of the macro market bullsh trend. Hold your position, be patient, smart money should consider opening long position at retracing, I believe the breakthrough might happen in any time and catch all of us off guard.
Long
by marchings
1