EOSBTC trade ideas
SWING STRATEGY EOSBTCHello traders. Leave like and comment if the analysis can be useful. Except for the excellent performance of the entire altcoins and DeFi market in mid-August, the EOSBTC chart seems to be a catastrophe. Since February 14, 2020, the comparison with Bitcoin has had no history. In recent months, the MACD indicator has revealed a series of excellent long and short entry situations, but also a period of uncertainty with a succession of signals accompanied by low volatility. The same has appeared in the last weeks, with an apparent long entry signal, but a drop in price towards the oversold RSI zone.
It is possible for this pair to go through a new period of low volatility with a slight uptrend. In the past the MACD buy signals brought profits around 10% and 25%. Given the period of good strength of Bitcoin and low volumes, the long entry attempt sees a TP at 0.00025 (profit 7.3%) which could be followed by a new phase of downward trend. A next drop below 0.00023 would instead reveal new scenarios that could lead to new bottoms revealing the weakness of EOS.
EOS (Oct-Nov 2020)EOS/BTC October to November 2020
Low: 0.0001767 BTC/EOS
High: 0.0002624 BTC/EOS
Hey, I'm back in with a little EOS forecast for the next month.
I see that the market has done quite a bit of damage in the past months with EOS.
In my opinion, the next week to the 15th of October I suspect we will stay in range from 0.0002424-0.0002594 EOS/BTC.
I feel like a bunch of major markets in both crypto and stocks/securities are about to see a good run off, coincidentally right around the US election? Who knows... ;)
Whatever happens, I believe after November we start a sideways route for a little bit until more market movement to come after maybe February 2021?
Around November, possibly the week of the election/pending results November 3rd, EOS could potentially go as low as 0.0001767-0.0001919 EOS/BTC. If not, 0.0001919 might be the floor for the moves to come in the following months.
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Breaking news first decentralized gaming console EOSAtari release a new gaming console that runs on the EOS network, lets see ETH try something advanced like that! Oh yea ETH cant run really advanced software:P
RSI against BTC very much oversold! Oversold RSI on bigger framers should always be a long.
EOS/BTC - Alt Season 2020 - Part 2No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#EOSBTC : I'm SHORT/BEARISH position up until (Green BOX). I expect that $EOSUSD will rip down.
This would mean that EOS will lose more 40% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
#CRYPTO $EOS #EOSBTC #EOS #ALTSEASON2020
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