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EOSJPY

ridethepig | EOS Market Commentary 2020.09.08📌 Buyers have a good position here, because it is unlikely that sellers can manage to force a decision at the stops below 2.47x. But this somewhat clumsy setup creates some difficulties of its own. The right play here is to ride the pig in BTC which will expose the topside across ETH, EOS, LTC and a few other major cryptos still holding on. The struggle to make this a more serious breakup towards $6 and $9 is possible if we see a momentum breakup. The difficult task of finding attractive private assets is coming from populist manoeuvres. There is no comfortable way to play end game in the economic cycle, though I am continuing to long scarcity as the dollar is flushed. For those looking at the long-term outlook in Cryptos, BTC represents the entire sector and is opening up the attack on both sides. Thanks all for keeping the feedback coming 👍 or 👎
BITFINEX:EOSUSDLong
by ridethepig
10
ridethepig | EOS Market Commentary 2020.02.18Trotting higher as ever and currently challenging the key $4.50 flip. I noticed better local RM EOS buying too, and I think that the coin could remain bullish until $7.5 before we see any serious official profit taking. I'd use any dips to enter shorts. The same flows that have been in play since the pullback: It remains the darling of Altcoins. High funding in the space but so far markets only reacting in a conventional manner. Taking $4.50 will help that support ant now an attractive momentum move in play. Thanks as usual for keeping the support coming with likes, comments and etc...Jump into the comments with your charts!
BITFINEX:EOSUSDLong
by ridethepig
ridethepig | EOS Spot Commentary 2019.12.18EOS moving pretty much in sync with the rest of the Crypto board and broader USD devaluation. Strong inflows will continue to move it out of the range with upside pressure coming from the Global reflationary theme. Here being constructive on EOS and triggering ahead of the anticipated breakout, though has not yet developed the move will only be invalidated with a break below the $2 handle. Things are a bit easier to track on the BTC chart: Focus remains on the $3.25 resistance over USD devaluation. 4.50 and 7.50 remain the targets to watch. Overall, I see the case for meaningful EOS and BTC strength in 2020, but especially if considered versus USD. Difficult to trade, for sure, but I still feel the bigger BTC risk lies to the topside and will move EOS as collateral. Good luck all those buying dips in BTC and EOS and thanks for keeping the support coming with likes, comments, questions and etc!
BITFINEX:EOSUSDLong
by ridethepig
ridethepig | EOS Market Commentary 2020.02.05I was hoping for a continuation of the EOS rally that started in Q419 and we got exactly that. I didn't really expect such a significant move higher in such a short space of time, however I will take that !! An absolutely flawless +85% rally since we began loading: It was in EOS that I saw the biggest interest with offshore real and fast crypto accounts buying right from the open today. BTC having a better morning, but even with that rally, EOS was able to outperform roughly 5% today. There was better domestic news in EOS land around Block.one announcing a smart contract puzzle. This will render ETH as useless if EOSIO can store solidity. Elsewhere BTC receiving strong flows inline with expectations, most notably the $10,000 target in play. There's still many moving parts and price action has been positive to say the least this year. I still favour trading EOS to the topside with secondary targets located next at $7.50. Well done those taking some chips off the table!
BITFINEX:EOSUSDLong
by ridethepig
1