IOTBTC perfect cup & handle

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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.

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DAMN!!!!! I LOVE IOTA.

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

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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.

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

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

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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.