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LeeThompson97

IOTA Beginning a new cycle: Possible all time highs in May 2018.

Long
IOTA (BITFINEX:IOTUSD)  
LeeThompson97  
BITFINEX:IOTUSD   IOTA
Wave Analysis Trend Analysis Chart Patterns
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waveanalysis trendanalysis chartpattern
IOTA is currently in a bearish channel, with price coming to lows not seen for a while. IOTA is due a new market cycle after the recent pump and highs. Currently, all cryptos are down after following suit behind Bitcoin. I believe Bitcoin is due to come down to $8,000 before its huge bullish run to new highs in 2018. Currently at $10,000, Bitcoin should come down a bit more and so will IOTA, with its lows in the grey box outlined, thus providing a perfect buying opportunity. We could see new highs in May 2018 based on ABC pattern and fundamentals surrounding the cryptocurrency market right now.
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