IOTBTC perfect cup & handle

11 Agu 2017

Wow! IOTBTC has been ultra bullish for days. There were short periods of selling but it didn't really drive the prices down. This can be attributed to a lack of price manipulation and also IOTA's fundamentals. It's the future of blockchain technology. So, nobody's selling, right? Would you sell if you know that this is the future of all blockchain? NO! Hence, the buying continues.

Remember, this is not like OMG and NEO whose growth are based on hype. IOTA's growth is purely organic. No GMO. LOL!

See the profit taking targets in the chart above.

The handle could form for weeks then after it completes, another move up, and probably to the moon. Note that on early September, IOTA will be launching a new website.

11 Agu 2017

Catatan

DAMN!!!!! I LOVE IOTA.

It's so near to my first target, yet nobody's dumping some load.

11 Agu 2017

Catatan

Price is staying around the first target but it seems that sellers are trying to push it down.

A huge sell wall at .0002 too with a 1million IOTA offer.

11 Agu 2017

Catatan

Spoofy is playing on the buy side. He wants to raise the prices up.

12 Agu 2017

Catatan

Now, we're forming the cup. Could retrace to 0.5 fibo where the strong demand is. See potential reversal zone here:

13 Agu 2017

Catatan

iota is still bullish. It's going along with Bitcoin. The cup and handle formation could probably occur once it reaches the next target. For now, watch out for buying demand. If it stays strong. It could reach higher and higher.

13 Agu 2017

Catatan

it looks like the handle was already formed.

13 Agu 2017

Catatan