Inverse head n shoulder breakout
There isn't a lot of FOMO leading up to the June 1st Block One event on the price of EOS, unlike last June.
Last year, there were lots of hype leading up to the EOS main net release and a classic sell on the news during the release.
What happened in the past usually don't take in the future in the same form.
Therefore I am anticipating a breakout of resistance if something big is released in June given how there are so many skeptics at the moment (Skepticism of crypto by the mainstream, and Skepticism of EOS within the crypto community). Also seems like we are in the disbelief phase where everyone thinks the price is gonna go lower and there are lots of cash sitting on the sideline waiting to buy at those lower price.
Or I could be wrong, and the crypto market goes to another year-long accumulation like in 2015 (which is great by the way, so I could buy more). But it seems like everyone is thinking like that cuz everyone saw the 2015 accumulation pattern and anticipate it happening again.
That's why what happened in the past usually don't happen again the next time around cuz everybody saw it, was anticipating it, and preparing for it.
Last year, there were lots of hype leading up to the EOS main net release and a classic sell on the news during the release.
What happened in the past usually don't take in the future in the same form.
Therefore I am anticipating a breakout of resistance if something big is released in June given how there are so many skeptics at the moment (Skepticism of crypto by the mainstream, and Skepticism of EOS within the crypto community). Also seems like we are in the disbelief phase where everyone thinks the price is gonna go lower and there are lots of cash sitting on the sideline waiting to buy at those lower price.
Or I could be wrong, and the crypto market goes to another year-long accumulation like in 2015 (which is great by the way, so I could buy more). But it seems like everyone is thinking like that cuz everyone saw the 2015 accumulation pattern and anticipate it happening again.
That's why what happened in the past usually don't happen again the next time around cuz everybody saw it, was anticipating it, and preparing for it.
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