SammyJonga

IOTA joining the big boys

Long
BITFINEX:IOTBTC   IOTA / Bitcoin
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2
We are seeing good news (chinese partnerships) for IOTA so expect a bullish trend to emerge in the coming days. If this is the case we could see a run up to 0.000377 levels. set buy order from 0.000245 level.

However, if the 0.5 level is not reached and IOTA goes downwards it could go really fast. Once the 0.0002 resistance is broken ( therefore 1/4 Gann Fan is broken AND the fib 0.382 we could see massive plunge to 0.00014. So there is also a good moment for going short.

to sum up:

buy order (long): 0.000245
target: 0.000377

sell order (short) : 0.0002
target: 0.00014

Use capital management.
with help of @TeddytheBear @ HamadaMark

Comments

Coming days are decisive. either fall off the 1/1 line down to the 0.382 or continue balancing towards the 0.5
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Chinese partnerships? Have I missed something? I know they have partnerships in Taiwan and Japan. I think the time around the Bosch conference, where they will present IOTA in their autonomous cars in about 10 days and the lead developer beeing a speaker on the conference could ignite the fire.
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SammyJonga Prometheus777
@Prometheus777, Thanks for the info, my apologies, partnerships was indeed too optimistic, though employees from Alibaba Xiaomi and ChinaTelecom are forming collaboration groups which hints at interest over there (https://twitter.com/xiongzm/status/940575218757648385). I am also very eager to see how IOTA will develop in the coming months
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