Summary: targets are at 3.5-3.65 area right now. Very unlikely that we will pass that zone without major retracement. It is also possible not to reach that target and dump from this point on. The wavecount on this last leg from 2.1 to 3.2 is very very ambiguous.
Volume and RSI indicate that clearly this was the 3rd major wave, so we will see another ATH, but it's impossible to tell when that will happen. Join our telegram channel for updates.
Wow I got rekt on this one. It's even stronger than ETH bull runs. Unbelievable. Sorry for those who followed this idea, but I only said what TA was suggesting. TA is used as managing risk to reward. How big was the chance that it would keep going to $5+ last night? Pretty much like 1/1000, I've never seen a high marketcap coin go so bull without deep correction.
Do you still think we are in for a major correction around now? Agree with the earlier posts, there some serious arbitrage going on Coinone
profghibli
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@OliSharpe, I mean Koreans will sell too. At one point it might even be that Korean price will be slightly lower than US price.
OliSharpe
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@profghibli, do you think we should be getting out of positions shortly and buying the dip?
profghibli
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@OliSharpe, yes I think so. if you are a day trader. if you are a firm believer in iota and hodler then obviously hodl. I am a bit of both. I sold my margin long but kept my collateral iota.
OliSharpe
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@profghibli, I am mainly a hodler, got in at $0.30. I want to increase my core postion buts its gone parabolic, thinking of selling a portion of my IOTA and buying the dip.
With IOTA going on German TV in 8 hours and possibility of the "Q" announcement, do you still expect a dip or is the hype going to support $3.5?
HodlToThrottle
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@HodlToThrottle, Lesson learned - TA doesn't do shit vs a hype train
profghibli
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@HodlToThrottle, not really. there are system of how even news are reflected on a graph. I just may have been wrong on my wave count. check out this graph: