SUMMARY
So, IF Bitcoin (BTC) starts trend reversing up does this necessarily assure that the Altcoins will turn on the dime and do the same? Well, during the July and September 2017 corrections, there was a lag effect between BTC rend reversing and and the Altcoins. In fact, many Altcoins had continued to slightly lower lows while BTC was putting in higher highs. So, IOTA could do pretty much that by putting in a lower low at around $1.07 or so evenwhile BTC rises in a bull run. The below chart shows how IOTA carved out five wave impulse move up which was followed by a retracement. The current correction is near complete based on Elliott Wave mapping.
The EW closeup shows ABC Flat (3,3,5) in progress. The final C wave is marked by the blue ipulse five which shows tha 1,2,3,4 are placed and 5 is currently in progress. The target of $1.07 would make a slightly lower low but enough to cause price to become more proximal to the Apex which would give a better trend reversal setup potential.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
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iota seems legit for long term holding so probably doesnt matter for short term up or down
Please do $PASC... because it is only on polo and could do well with new ownership there.
Nice you post
IOTA is one our favorite cryptocurrencies and one that holds great future!
Not sure if IOTA will really follow BTC movements and really gets a revision. BTC dominance continues to rise, so more and more altcoins will lose touch to it, and - unfortunately! - I think IOTA will suffer more during the next weeks, even though I really like them.
Yes, there are bearish scenarios I had not mentioned yet.
Coins mentioned in post:
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@haejin Something interesting !!
Good idea 👌💪
Just like your disclaimer, it is for information. Although, have not being following crypto update that well. Just starting out, i know another coin again today. thanks!
Great post.Upvote me？
great post, upvote me？
Hey guys, Follow me and I will Follow back!!!
Cheers...
Hello, will you be able to help me with a vote, would I thank you? Follow me and I follow you.
IOTA=FUTURE
I upvoted you as always for the info but will be sad if Iota goes to as low as $1.07
There are two good points:
I appreciate it. As an analyst, I need to call it as I see em.
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IOTA's competitor has the real use case for everybody - it's called DATAcoin. I see huge potential there!
I guess you haven't heard of http://coinmetro.info Price projections: https://xcmprice.com
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you do realize your flag does nothing, right? your rep is like half of Haejin's. U better learn how flags and downvotes work and maybe work on that 42 reputation.
I don't care about hitting his rep, nor is this my main flagging account. This is just the account I spam his posts with... I mean do you really think I would spam comments on his posts with my main account? And risk flags from his supporters and steemcleaners all because of disagreement on rewards... No
Why not I do... LOLOLOLOLOL