IOTBTC descending triangle to 0.00015

As the chart shows.

The reason IOTA was pumped high was fake news related to MIT. While the use of blockchain for iot is interesting, there's no reason to use specifically IOTA token. It's not a bad coin, but the market isn't looking at it favorably at the moment.

Watch out for the next milestone / fake news. Mid-term target is 0.00015BTC.

Comment:

actually many people buying this today. of course, it could go to $3, but without the help of press mill I don't expect much higher (I don't even expect $3).

people (including me) tend to think that if something has dropped a lot it'll go up soon. in a bull market, yes. otherwise, it can take quite some time.

in fact, when its holders are so worried that they feel the need to write angry comments to a charting post --- you know the market isn't ready for reversal.

additionally, I personally believe eth will go to 10k+ & btc 50k in 2018. to say iota will be 10 by 2019 isn't much. I think if it only goes to 10 it's not a good investment.

Comment:

very impressive. it appears that their new wallet is helping their price. but if a good news only helps 2-3%, when it wears off...