IOTA is unique and has the potential for a very high market cap. There are so many good things that are quietly happening behind the scenes with this crypto. I looked at the history of both price and time, and came to the idea that the fractal pattern would continue, as it so frequently happens with crypto.
IOTA is not a buy yet, I believe the best price would be sometime in June or July around $.75-$1.00.
GPUStar
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Love the outlook... but how is it possible for a fractal pattern to indicate future activity of IOTA?
GalaxyTrader
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@GPUStar, Nothing here is guaranteed of course, but these patterns happen a lot in crypto. Sometimes with close observation we might be able to notice a repeating pattern. In this case with IOTA I could see that the large bull run at the last 3rd of the chart matches the one that happened in the first third of the chart (in time). So, assuming that the pattern repeats itself we can use both Fibonacci extension tool and fibbonacci time tool to plot the pattern. Step 1 was to draw the fib time tool from the start of the chart to that first peak in Aug. 2017, and note where the lines on the fib time tool line up. Then, just use the same tool to draw from the beginning of the chart to the very last highest peak and then use that same line that was seen on the previous pattern to project to the future time. The same process is then used for price projection using the fib extension tool. Makes sense? If not, I can illustrate in Photoshop.
I also noticed that this dec 31st time would line up with one of the founders bet that IOTA would be at number one in market cap near the end of the year. Wishful thinking? maybe! But who knows! This 34 dollar price would certainly put IOTA up there in market cap. I'm not good at calculating price so maybe not number one in market cap , but at least top 3.