Previous wave has completed and appears to have finished its correction. The first wave needs to breakout through the previous resistance from way back when at around 1.10. Wave 5 has the potential to end the mid 2s.
Commento
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Might have to ride this out for another day or so prior to a break out. Heavy consolidation is currently happening within a pennant. MACD on the 4 hour is not quite there yet. Currently bullish according to the ichimoku cloud. Stay tuned.... good prices to buy within the consolidation.
@ChalifStorch, my guess is that many of those are exchanges
Stoneford
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@agmc, @ChalifStorch better do some research, google it it's not that hard :D
To ensure equitable token distribution, a crowdsale was held from November to December 2015 during which 100% of the token supply was issued. Zero tokens were held for the developers/founders. The equivalent of 1,337 Bitcoins were raised from the crowdsale (in the form of BTC, NXT, and Jinn tokens). Since none of the token supply was allocated to developers/founders, the community decided to support the project’s vision by donating a significant amount of resources in order to establish the non-profit “IOTA Foundation” registered in Germany."
agmc
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@Stoneford, Cool. Thank you for the info. But I still believe there is way too much iota sitting on exchanges since their wallet isn't really user friendly.
Pippo_AE
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@ChalifStorch, Nice insight :) Doesn't really look different with BTC or Gold ...
ChalifStorch
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yes, but btc and gold once had to be mined.
Pippo_AE
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@ChalifStorch, Okay even taking in mind that it's not the real distribution at the moment (because the foundation saving potentially endangered funds + big exchanges) thinking of BTC as digital gold and IOTA as an improved more ecofriendly (no mining), everyday usable (no transaction fee), scalable(tangle) kind of ETH (or any other coin that is useful and not just burning electricy worth a few atom-bombs a year) still makes it a very interesting technology for the coming future.
thetangle.org/statistics/tokens-distribution