This is my first TA that i'm publishing, so bare with me. With all the partnerships and attention that IOTA has been getting lately, its safe to say it will go up. Now we just finished that first Ellliot Wave cycle (Which was textbook on the 4hr candles) and we are starting the next upward trend. The main problem that iota has to face is the incredible large market cap it needs to get to $7.50 USD, but i think with the influx of need money following the BTC hype that we might be able to get there.
if you have any ideas as to other things i should look out for in my TAs please let me know. Any and all criticism is appreciated.
Definitely think that news is pushing iota along. Normally we buy the rumor, sell the news, but it doesn't seem the case with iota. I think the release of Q will boost price even further.
gabrielrapaport
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@spacemonkeey, I would have to agree with that. IOTA is different, it feels more professional especially in the way they are marketing it compared to a lot of other cryptos. They are also actively working on there biggest issue, the wallet, which im am excited to see how a working wallet affects the price.
spacemonkeey
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@gabrielrapaport, Apart from the strong community, they really have not focused a lot on marketing (or the gimmicks we keep seeing), which seems to be what 99% of ICO/altcoins do. Like "look at my fancy website, look at our cool name... look at our white paper. see? we have one of those." Instead, they've put so much effort into their technology and, now, partnerships. These are the kinds of coins I like to back for the long ride.
The tech may not be perfect at the moment, but then again, SpaceX didn't land a rocket perfectly their first go-round.