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aspinwall
Dec 13, 2017 3:49 PM

IOTA in trouble Short

IOTA / BitcoinBitfinex

Description

After admitting they don't have an official partnership with Microsoft the sentiment on IOTA has shifted. If we get a selloff here are some support levels to look out for. If selling volumes grow, expect a huge fall (I'll update the projection as it happens).
Comments
atifakbar
Can any one give me link where iota said that they dont have any official partnership with microsoft? Sofar i have found this link of reuters where reuters is saying that they are teamin up with not even microsoft but also with samsung fujitsu wilks wagon and cisco and reuters is the no 1 news source in the world

reuters.com/article/us-blockchain-iota-cisco/blockchain-network-iota-teams-up-with-microsoft-others-on-data-marketplace-idUSKBN1DS2EE
aspinwall
@atifakbar, thenextweb.com/hardfork/2017/12/12/iota-partnership-microsoft-marketplace/ there is a quote. They did take advantage of the hype by being silent, but most of the uptrend was FOMO.
bigblackstar
Super analysis.
aspinwall
@bigblackstar, Thanks, mate!
spcottie
Great analysis, you were right
gconcon
I don't think so, IOTA technology has huge potential, even without official partnership, it looks promising!! Lets see... To minimize that, I'm triggering buys at 0.00028 for a possible breakout.
aspinwall
@gconcon, we'll see how it plays out. I'd suggest you place your order above the previous resistance at 0.00030, wait for volume confirmation and you should be all set. Happy trades!
bigblackstar
@gconcon, Very disappointed they didn't release this straight away or at least 24 hours after. Gives buyer a lot less confidence when management don't communicate such things
gconcon
@bigblackstar, cryptomarket is shit about it... all engineers that does not know to do marketing & communication! lol
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