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Eosbtcshort

EOS POSSIBLE BOTTOMS AND DUMPS Traders, Here we have EOSBTC 4H chart. After rally of this monster because of positive news and the team behind thi epic for a positive news helped to pull the market with so many legs now it's a determining point at 18000 sat levels with a heavy bear trend will lead us to know the straight directional moves for the next few days. Humble vision of mine tells you that we will touch main bulltrend at 8000 sat after a few days/weeks form now so it will be a good entry there or not let's see the touch to know our position before entering any trades at this sensitive (good) time. Regards, Mohsen
Short
by MohsenCapital
1
EOS,bound for CORRECTION?Hey guys, This time we are going to take a look at EOS.Even though this token is surrounded with hype at the moment,tehnical analysis might suggest that we are going to see a correction in the near future. There is nothing to be afraid of,as we are currently respecting a very well-established trend,represented by the white triangle shown above. Unfortunately,we are still under the 200 MA and we still lack the volume that we need to see a higher valuation of EOS. How to trade: I would suggest keeping an eye on EOS' price action,as in less that 24h it's gonna decide if it uses the lower green line as a support,or breaks below the triangle, confirming a downtend ,untill around 9k sats. To be honest,i believe the second option is more likely to occur. If this happens,just wait until it reaches the white support line(or short it),so that you can buy more afterwards,for cheaper. None of this is trading advice,as it only represents my opinion on how things will evolve. If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) ) BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5 For any questions,leave a comment down below and i will answer as soon as i get to see it. Cheers!
Short
by The_Sparrow
2
EOSBTC - The easiest short of the year?EOS - BTC Short Potentially the easiest short of the year on Bitmex... In my opinion we could see 0.00148 / 0.00126 / 0.00095 if this gets shorted like I think its going to. Yes there will be corrections, distribution & what not on the way down but there is truly serious downside potential here. Why? Huge run since April on no spectacular news Blow off top 100% Wyckoff Cycle fit perfectly EOS futures have just listed on Bitmex.. At their ATH.. What happened to BTC when futures were released... Volume declining at significant pace Volume profile.. Wow, not a lot of support on the way down..If we break below 0.00163 this could get REALLY exciting RSI looking sexy for decline Fibonacci working well thus far for simple pullback phase before another leg down EMA 20 / 50 / 100 all quite a stretch below current price Targets Entry: 0.0019068 Stop: 0.002 Exit 1 : 0.00163 Exit 2: Just going to let this baby burn & re-assess... This is not financial advice. Just my trading plan.
Short
by UnknownUnicorn3062951
2
Why I am still short on EOSBTCHi, Whilst I haven't closed my short opened in the previous charts @ 0.0017.. I just wanted to update / re-evaluate. My answer, I keep that short open. I am gutted I missed the chance to add to my short overnight though after looking at the chart! Why still short? Fundamental update First & foremost lets get the FA overwith: EOS has been a disaster since mainnet launch, slow to build network stake, a failed update, coins being frozen, the BPs making decisions on YOUR coins via conference call? Please remember EOS raised over $4 BILLION DOLLARS... Quick conference call with the lads and bam your funds are frozen... right... "Oh but it's the ETH killer Unicorn, look at their potential TPS!" Correction: They haven't proven this TPS capacity. They haven't proven a single reason yet why they are better than ETH. What they have proven so far however is incompetence, haste & greed. This will not kill ETH, if you currently think it will, you aren't looking at this objectively & you are being influenced by your emotions . (NB: It has the potential to do well in the future, but right now we assess the fundamentals based on the FACTS, not hopes or beliefs.) Technical update The volume node at 0.00162 is the largest of all the nodes, it is acting as resistance zone. Factor in the second largest node is just above this.. That's a lot of resistance. 20, 50, 100 EMA all acting as resistance, more specifically the 50, which lines up pretty much perfectly with the aforementioned nodes. Overall volume still in a downtrend, this almost always causes prices of any asset to decline. Lower high pivots since 2nd June & consistent lower lows to boot. Another normal bear trend pattern. The small pump last night, had quite an impact on the RSI for very little price movement, taking us back up to the midpoint, followed immediately by a sharp downturn. Another normal bear trend reversal rejection pattern. RSI...Look at the RSI every time we went to the 50% fib... It was bottomed out & primed for a reset. It isn't currently looking like that's going to be the case this time.. The 50% fib: We have had FOUR tests from it since the blow off top. FOUR! You could say that makes it a good support point... but really, a 5th retest? With all the resistances in confluence? The current FUD? The volume? When the 50% goes; potentially in a 'break below-retest as resistance-retest rejected' pattern I truly expect a good dump to the 0.0013 range at least, some tasty bull liquidations are in order. Risks Miracle BTC bull run EOS releases unexpected positive news This is not financial advice. This is a journal of my activity.
Short
by UnknownUnicorn3062951
6
EOS lower timeframe update - Long into a Short.I'm bearish on EOS overall. Its due a correction, there is nothing special EOS has to keep it up where it is unfortunately. If you don't already know - the mainnet launch was a total disaster. They don't have enough EOS staked in the network for it to be online. *When they do get their 15% stake and go live...I imagine we will see a short lived fomo pump, followed by a beautiful dump. I am seeing this as wave B correction before continuation wave C down. Why: The T D sequential exhausted almost to the full 9 I look for - this was what grabbed my initial intention (Whilst T D isn't a bullet proof indicator, I just find it helps highlight reversals in conjuction with candle patterns when we go 7-9 in one direction) Watching the TD then raised the obvious candle exhaustion patterns I was looking for - smaller ranges on the 4hour candles, indecision dojis and longer tails not able to penetrate the 50% fib retracement. RSI exhausted, needs a reboot MACD crossover upwards after being on the floor Its a little better than a 2:1 trade risk, I've kept position sizing fairly small due to the inconsistency BTC is creating currently.. Next? I will be looking to short in the blue box. I will check what % the network stake is at first though & then post my thoughts. This is not financial advice.
by UnknownUnicorn3062951
1
EOSTechnical analisys EOSBTC moving in triangle, touched resistance line of this triangle and go to the support line. Also I see second cycle. Stochastic RSI - overbought. Fundamental analisys EOS Bugs cryptocurrencynews.com The EOS Github page suggests that were about 620 bugs and other issues that remained unresolved as of earlier this week, following the official token swap and launch. While resolving these problems sounds like a daunting prospect, more than 1,400 issues had already been resolved during development as of that time. www.investopedia.com Only 10 wallet addresses hold almost 50% of all EOS tokens. bitcoinist.com Vitalik Buterin believes low voter participation, exchange voting on coin holders behalf and a discrepancy between coin holders and users interests could be major stumbling blocks: “To try to ensure decentralization, DPOS allows all coin holders to vote on who the nodes running the consortium chain are. This, together with the lack of in-protocol economic incentives for these master nodes to behave correctly, and the lack of client-side validation capability, mean that there is an extreme reliance on the voting mechanism.” Furthermore, Buterin believes the voting system is open to manipulation: “There is also one other substantial concern with voting: in order to win votes, any delegate would need to have a visible public identity; anonymous delegating would be very difficult to sustain in the long term. This makes the entire system substantially more vulnerable to political attacks.” EOS and Block.one pushed for their project to gain prominence so hard that it managed to break fundraising records. If it weren’t for their marketing efforts at the start, this mainnet launch wouldn’t nearly be as important right now.
Short
by EXCAVO
44