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BEOSXBT trade ideas

EOSBTC: When moon?Now, that I have your attention. When this breaks down: EOS will dip then possibly moon. I am quite literal here because I believe that if BTC dips below 3800 it will keep falling for a bit. EOS being the top gainer recently, along with other altcoins, will be seen as a speculative valuable investment asset that has the best gain potential out there. Out of greed, many investors will take this chance and the price will start to fly... I would give it a few days. This may be a bubble, but it is undoubtedly parabolic. (Entertainment Only) (DYOR)
BITMEX:BEOSXBTLong
by Oatrick
EOSXBT - A quick and easy swing tradeBEOSXBT has reached a consistent line of resistance. At this falling trend line, the bears have been able to sell off and bring price back down to lowering support levels within the downwards channel. Not a whole lot of theorizing to be done. A simple, profitable trade. Many traders will overwhelm you with too many indicators. Most of these are useless. In this trade, the only objects that hold relevance are the trend lines (upwards wedge within the bearish channel) and the stochastic measure. The stochastic is in an overbought range and when we see a crossing, that is a sign that further sell off is coming. The first profit target is placed at the bottom of the ascending wedge (shown in red). At this point, profits should be taken on 50% of the position. The rest should be held as we expect further downside once the wedge breaks and the sellers can bring the price down further without support. A trailing stop loss should also be put into place. Once we see price reach the first profit level and 1/2 of the position is sold, a new stop loss should be set at the point where the position was opened. These strategies are used to maximize profits and to consistently be able to take some profits, no matter what the market does.
BITMEX:BEOSXBTShort
by benbachman