In the mid to long-term I'm still VERY on IOTA. The price action speaks for itself. Furthermore, Bitcoin Futures will launch probably on 10th of December and I am expecting a HEAVY correction on the whole cryptomarket in the next days-two weeks.
I might be wrong but the implementation of the Bitcoin Futures in the next days - plus a not that satisfying price action tell me I should take a break till the picture becomes clearer.
Institutional investors NEVER buy on all time highs, so if you would be the CEO of Goldman, JP Morgan, etc. what would you do? The recent hype about the Bitcoin makes newbies overenthusiastic and drives the fear of missing out. However, IOTA has been very resistant to the recent price drop in the cryptomarket few days ago. So, I do believe that the bigger correction will come to an end at the marked zone around 2.35-1.98. From this level on, I am expecting IOTA to skyrocket again.
Get ready for IOTA to skyrocket