IOTA is Carving Out a Triangle

in #iota7 years ago

SUMMARY

IOTA is a coin I had recommended at sub $1 and at that time a few months ago, many had doubted the call because of the supposedly high inflation rate with new coins. Well, IOTA went as high as $5.30 and is now doing a healthy correction. Note the MACD and once it dips a bit lower, perhaps in a divergence from price, it would become oversold, indicating that there are no more sellers so that the bulls can take back control. The chart below shows an a,b,c,d,e type as being the primary. If this is correct, then the Elliott Waves should take IOTA to $12.22 or higher!

Here is the alternate with an expanded flat a,b,c correction type. However, given the "Hurry Up & Wait" syndrome of Altcoins, this correction type is too quick and doesn't allow the longer elongated corrections. Still, it could morph into something other pattern which could be shared at later post.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

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Will EOS follow EMC2?

I didn’t give one iota about several coins until Haejin analyzed them

Sry for being a Noob, but who's Haejin and where can I read what he say's about IOTA?? Thanks! :)

Hmm.. You're reading about it. This post was actually posted by @haejin, and this post specifically talks about IOTA.

Exactly, I agree totally with you 🤝

Hey all!
I have put together some picks. They are low market cap coins that I believe have great potential for profit. Obviously there is risk and do your own diligence before buying. I am not a financial planner or advisor.
In no particular order:

  1. AirSwap AST (Binance)
  2. Lamden TAU (EtherDelta)
  3. Loopring LPC (Binance)
  4. aelf ELF (Binance)
  5. Luxcoin LUX (Cryptopia)

(Follow me on my new Steemit for daily picks, and have an excellent day!)

Laddering in !!

Iota, a cryptocurrency for the internet of things. I've been a long time hodler of this one since you recommended it. I wish I didn't have to leave all of it on Binance as I'm not a trader. I believe in Iota as a long term hold but they don't offer a simple wallet for the average guy. If anyone knows of an offline / cold storage wallet for Iota, please let me know.

Cool thanks for the info. If I ever do a serious “smart home” I want the info on a cyber-secure blockchain

Follow @haejin and you’d never be lost, follow @creating-wealth for business and life changing tips too

In fact, I think their new wallet update is pretty good.
But if you still don't like it, there will be a new wallet in January (no later than 31st). The so called Trinity Wallet is expected to be trend setting in terms of usability.

really nice call. Thank you for MACD :)

Yes, sir @haejin! I remember when you were calling IOTA around the .50c range and XVG in sub penny range. Thanks very much for those calls! And Now, I started buying DCN coins and hoping for a repeat of XVG. As always, Upvoted and Resteemed!!

Hey all, was writing my first Post and got massive last minute downvotes, no upvote support.

I was curious about it, i didnt remember exactly was i was writing.
I thought i was maybe just writing sh*t, cause i was high from Spraypaint... Roundup ready on my Bananas or whatsoever.
So i checked it out out and who wonders: Berniesanders and his "friends" downvoted me, didnt even read my words :

https://steemit.com/life/@benben-ben/why-the-bully-is-a-bully##@steemitboard/steemitboard-notify-benben-ben-20180110t122459000z

posted it again, if you like my words, just give me upvote

https://steemit.com/steem/@benben-ben/what-to-do-with-the-bully

if u want me shut up, just ignore ;)
Appreciate your support, thank you.
Massive Profits to all of you!

Hi bro! What's your opinion about bccx the bitconnect coin? They just started an ico starting at 50usd per token. Thanks!

amazing post.
upvoted and resteemed

IOTA has no inflation. It was premined and it is not mineable now.

How can I buy IOTA with a credit card?


better and user friendly wallet. I don't want to store it longer at Bitfinexed...Allright @haejin... That would be awesome + UPVOTE ! I hope they are working on a

Awesome post as always. My work is similar. check it out guys! ADA technical analysis.

Great post. Thanx for sharing. Upvoted and resteemed.

So much respect I got for you. I love your blog and I can say you’re a role model in cryptoanalysis 👍🏻

Iota will easily reach the $12 zone you show, EASY,

very good post and useful ..

Was holding IOTA for 2 recent month, and price was at range 3.25-3.50 all that time
Not the best crypto to invest in my opinion...

Patience friend. You didn't buy at the perfect time so now you have to wait a little longer for profits. Give it 2 months.

bought at 5$ after selling NEO for 37$ .. that was before knowing haejin
the 3.25 - 3.50 range has also nailed me down

Bad timing here too, just have to wait. Better than have to sell and make a loss ;-)

IOTA going high and high and it think i agree with you that iota will be heigher then $12!thank you sharing these kind of information!we are enjoying your post


resteemedthanks for your time to share this post , this post have great information @haejin

i placed buy order after your analyse


I like it..all post dearvery good job dear @haejin

Enjoy the vote and reward

this an informative info.upvoted and followed.
thanks a lot...
carry on..your own forces...

Once iota is used more in real world applications, iota will take off

haejin what do you think about atomic coin? is a gotcha?

haejin que opinas sobre atomic coin? es una estafa?

haejin que opinas sobre atomic coin? es una estafa?

haejin what do you think about atomic coin? is a gotcha?

Haejin thanks for sharing your expertise. Could we get analysis on 1stBlood and RedCoin?

Been holding sub $1.00!

Bought it to early :-(, but will go up, so who cares :-) Next time I will be more patient ...
Thanks for update @haejin !!!

If only the Tangle would allow my transaction to make if from the IOTA Wallet to Binance!
Keep Steemin!

I have some IOTA on Binance..

Haejin we both agree. Guys! I do what Haejin does as well! See my Elliot Wave technical analysis / follow. I'll make sure it's fun and educational but most importantly profitable. See my IOTA TA!
https://steemit.com/bitcoin/@philakonecrypto/iota-jan-10-technical-analysis-consolidation-then-bullish-uptrend-300-long-term

I didn't buy into Iota at the ideal time, but I'm glad that I have some in my portfolio to hang on to. Thanks for the post.

Interesting, where do you think all the money needed for this coins to go higher in price, will come from? Any news related to new developments? Investment funds?

I missed the IOTA breakout last year ... who did aswell?

HODL guys! February will be a very bullish month for so many altcoins 🚀

Please follow him on Stocktwits at https://stocktwits.com/HaejinCrypto !!!!

haejin master.png

Master Haejin, please do NXS. Thanks in advance!

The crypto world will change in the next few days!!
Want to hear more about the revolution?
Donate dollars and i will show you the near future (it’s not what you think).

(What the big boys dont want to show you)

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