Wave analysis of IOTA (vs BTC) predicting corrective action.

Done from an hour chart, I also marked up waves a degree smaller on the primary 5 but these are hidden from view.
I went long when it was 50 cents, gonna try play the bounce as marked.

New crypto is always a big risk. Excellent.

Comment:

I like what IOTA are trying to do. Even though it's very early, I think there is a good chance this will develop into a full motive pattern as there is a fixed amount in circulation.

They are clearly in need of people and time also, aren't we all (especially me).

Trade closed manually:

Well B waves are never what we expect are they? Except when we don't have money on them, of course.

I closed at the A but it never reached my expected B and seems to have performed a very swift and strong zig-zag.

I can't help but wonder if young coins, free of the reverberations of previous battles and clear support/resistance lines, may exhibit swift, simple corrective patterns.

If I wasn't so short on BCH I would certainly be long on iota now... and I may change my positions to get hold of some.

How it acts when it reaches 0.00015 is key.

Comment:

If it reaches. It looks to be topping out. No, patience, as always... I shall watch and wait. I do not consider that a B of the primary degree has happened yet.