IOTA: A Story of Weak Gen 1 för BITFINEX:IOTBTC av SgtOuiOui

supportandresistance supplyanddemand fibonacci iota bitcoin iotabtc neutralposition

I do not believe in IOTA's coin as having speculative value in the long run. However, they have an interesting cryptographic protocol. The chart contains my explanation as to how some alt coins like IOTA are affected by a weak Bitcoin, which in my opinion is the sole reason as to why IOTA has seen a price increase as of late. I may be wrong and I probably am on this one, but this chart was a favor for a new friend.

I appreciate your commentary and insight. May God and the tidings of universal consciousness bless you all.

For more of an explanation on how the chart was made, here is a link to a Google Docs PNG (picture) file with written explanation:

Trade stängt: målet nått:

Since Raiblocks became a thing, I am no longer bullish on IOTA for the short and mid term. I think privacy coins are the better bet for now.

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