Crypto Contest January 1: IOTA
IOTA (IOTBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, IOTA began a wave one advance on November 2, 2017. The red wave one finished on November 20, 2017, and the red wave two correction ended on November 24, 2017. The red wave three advance finished on December 6, 2017, and the red wave four correction ended on December 17, 2017. If this wave count is correct, IOTA should be heading next towards the December 6, 2017 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
In the four-hour chart, one can see the blue sub-waves. I believe IOTA is currently in the red wave five (blue sub-wave iii).
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Iota is a micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Here is a short introduction video of the token.
(Sources: https://iota.org/ and everything tangle)
If you think this analysis is correct, upvote this post and upvote the comment "IOTA will takeout the December 6, 2017 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "IOTA will drop below the November 24, 2017 low".
If you think IOTA is in a range, upvote this post and upvote the comment "IOTA will stay in a trading range between the November 24, 2017 low and the December 6, 2017 peak until February 1".
You can upvote the comment until 3 PM EST January 2 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
IOTA will stay in a trading range between the November 24, 2017 low and the December 6, 2017 peak until February 1 (31 voters as of 3 PM EST January 2: helikopterben, bleujay, heroic15397, simonjay, glennolua, lucasgabd, mgood, flemingfarm, komischername, ahinga, miniature-tiger, yefet, starline, firedream, richard78624, cassidyandfranks, freskil, mihail.tsvetkov, me-do, tzap90, kazish, incrediblesnow, nerd-minion, photoquote, heidelbaer, nafazul, koskl, cliffy32, arpepa, margaritaradkova, dolles7).
You won.
IOTA will takeout the December 6, 2017 peak (22 voters as of 3 PM EST January 2: lydon.sipe, bentleycapital, fitinfun, eirik, catena, dlina-v-metrah, gregory-f, mprgrmmr, reconnectnature, toofasteddie, digitalking, criptorafa, costanza, mirda, cyrptoreports, plumygg, ragnaros, nonasweety, nordina, bluedonutwolf, barrenwaffe, barbadosso).
IOTA will drop below the November 24, 2017 low (6 voters as of 3 PM EST January 2: steemquestions, skririm, gunsmithing, andy23, cata22, portillo).
I think IOTA will drop
Thank you for resteeming.
IOTA will stay in a trading range between the November 24, 2017 low and the December 6, 2017 peak until February 1".
Good contest @maarnio...
Thank you Fahmi.
Thanks . I always feel smarter after reading your posts. Please keep sharing your thoughts. interesting post
Thank you anik.
Feel free to participate in the contest.
IOTA will stay in a trading range between the November 24, 2017 low and the December 6, 2017 peak until February 1"
Thank you for voting.
"Steem will takeout the December 21 peak".
Steem?
Hi! Has Trophy Token ticker BTS ? it seems that i accomplish that, how i can receive it?
Did you get these contests right seven times in a row?
over than 7, it seems 10 times in a row
Can you list them for me?
I haven't paid out any of the December contests yet. You have to get them right 7 times in a row.
please, explain. your "get" meaning participate or win/guess?
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-xii
Here are the November contests.
You have to win 7 times in a row.
voted
Thank you for voting.
Feel free to participate in the contest.
Iota is a brand new and novel micro-transaction cryptotoken optimized for the Internet-of-Things (IoT). Unlike the complex and heavy blockchains of Bitcoin and the like, which were designed with other uses in mind, Iota is created to be as lightweight as possible, hence the name "Iota" with emphasis on the ‘IoT’ part.
The number of connected devices that will permeate our modern landscape in the coming decade is estimated to be 50 billion(!) Each of these are designed to make the world a better and more seamless place for us. Tied to this fantastic promise are of course a ton of obstacles to be overcome, of which one major one is micro-transactions. These connected IoT devices must be able to automatically pay miniscule amounts to one another in a frictionless manner without having to compromise on product design by introducing additional hardware. This is why Iota was conceived.
While it was developed as a solution to scalability issues faced in IoT, the underlying protocol is agnostic and can be applied in any other use-cases that utilize micro-transactions.
In order to achieve these audacious goals Iota’s design diverged radically from blockchain cryptocurrencies. It still retains the core principle ideas of the distributed consensus blockchain, but in order to be able to scale to the size of the coming Internet-of-Things ecosystem with tens of billions of devices that are connected to each other, it needed to be very lightweight and efficient. This problem is solved by Iota’s core innovation: the tangle.