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alexcrypto
Dec 5, 2017 7:05 AM

$IOTBTC - Longterm view +72% Long

IOTA / BitcoinBitfinex

Description

After reaching previous targets of over 300% gains for my previous analysis. I believe long term IOTA has more potential for a price increase.

At the moment, after the last rally a short term correction is in placeand will see price correcting a maximum of 21% before new high.

We topped at previous heights and the Resistance line comes from previous heights in August 2017.

A price projection is aided by a fibonacci fan that has been clearly respected by this symbol. We are resting on the 0.5 line at the moment and looking at a short term analyis (see below) we might see a break of this level soon.

Trade safe.

BTC tips welcome.
19rQXwYejShps3yT3NeoNMM58UdXtiDGaF

Comment



We broke a significant resistance point. From here higher.
Comments
tonymontanaru
So you expect a correction soon?
tonymontanaru
what would be a good buy price?
alexcrypto
@tonymontanaru, we got passed the potential buy point, as per the chart. Now it has to be reassessed.
alexcrypto
@tonymontanaru, time to take profit...
tonymontanaru
@alexcrypto, well I couldn't buy iota yet but I want to..
alexcrypto
@tonymontanaru, at the moment I would stay away..as we are near the top of my analysis. You could look for other symbols that will appreciate after this bitcoin rally. Keep following me as I will publish other analysis for other symbols with good setups soon.
tonymontanaru
@alexcrypto, other symbols such as...?!

Dash?
Ripmangojuul
first lambo from iota haha
alexcrypto
@PeterTrubetskoy, enjoy :) there should be more upside
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