EOSBTC trade ideas
EOS kickin ass & chewin bubble gum...and it’s all out of gum!
Published on mobile -- edited on web client sorry if chart came out distorted; check comment for re-posted intended/accurate chart
Green lines represent TP 1-3
Blue line is S2/Pivot
Timeframe: Short-Mid
Volatility: high asf
Risk/Reward: 45/55
Disclaimer
Note: This is strictly conjecture based on my own technical analysis and not any information based on any sources from the GOP Or federal government/treasury dept / ay institution of any form this example is for educational purposes only and should not be relied upon for any other use. Please invest responsibly and make all decisions based on your head; not your gut. Any projections or figures provided in this analysis are Forward-looking statements And have no basis Other than my own opinion and not information related to the GOP, SEC or wall sf in general. Just the wiz doing what he always did best — Disclaimer must be extended and extensive So forgive me as I need to truly emphasize None of the information obtained in conducting this analysis was provided by insider trading in anyway shape or form.
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EOS/BTC - ready for new uptrend cycleI think that, EOS is very close or already bottomed out. I am tracking big ABC correction and in the last wave, we had a triangle and hit the target. Huge potential in EOS right now. I am already longing EOS, but you can wait, after we break this channel up, this should be confirmation, that trend shifted.
EOS ANALYSIS: SHORT DOWN TO TRIPLE BOTTOMEOS ANALYSIS:
EOS is facing major resistance at the 200MA after being rejection on a breakout and laying just underneath. The volume is dragging behind in a major way and bulls dont seem to want any action at the current price. ATR is nearing lows, but RSI remains at neutral state. Very likely EOS moves to the downward side pushing to T1 at 3625 sats, followed by T2 at 3508 sats. For those who dont want to short, look to place long bids inside the temporary support under 3500 sats. Stagger bids down to the low hanging wicks of 3250 sats. Bounce should occur upon the triple bottom inside this range.
Possible Short Entries: 3725-3800 sats
EOS / BTC 1HOUR WITH BB INDICATORAfter low momentum and low volatility. The green candlestick might suggest an entry possibility.
The price breaks the 20SMA and touched the outer band.
The hammer doji, confirms a possible reversal trend after long consolidation phase and following a downtrend confirmed by the coronavirus fear.
I would however wait for a breaktrhough of the RSI resistance line, at least a 57 RSI to confirm an entry position ( considering that the support is around 45). RSI is a solid indicator to confirm a trend strength or reversal.
As long as the 9MA price isnt crossed downward, we would still consider the possibility of an upward trend.
Thank you for letting me know your thoughts
EOS/BTCIt's about time to get really frkn bullish on alts...
They are about to get on a rocket, go past the moon, get sucked through a black hole and transported to another dimension, where they will land on a different moon...
The complacency rally is coming in the other markets, now that the trillionaires have left...
People will be hungry to find places where they believe their wealth can grow. Greed will take over.
I believe crypto will get blamed for the financial collapse that is to come. But first, everyone gets to buy some.
XRP is a big deal.
All the FOMO coins really.
Things you might hear:
"The banks are going to use Ripple."
"Tangle is better than blockchain."
"EOS is the new Ethereum."
"The flippening is coming." (For ETH, BCH, BSV and probably XRP.)
"Bitcoin Gold is going to be the gold of crypto."
EOS Getting Ready For Action? Chart Fully MappedMost of our altcoins retraced together with Bitcoin just to leave behind a very long-wick and prices rushing to quickly move back up... But what will it be, more down or reverse up?
This all depends on our "decision point", in this chart this point is sitting now at MA200 or 0.0003850.
Above this level, EOSBTC can easily start growing again.
Below this level, EOSBTC can go lower and continue to retrace.
On the 12 and 13 March, we have a long-wick with high volume and a candle close above support (0.786 Fib. retracement), signaling that the buyers are ready and very likely to follow up.
In case prices drop, make sure to have a plan and set a stop-loss, if you decide to buy EOS looking to profit from this call.
Thanks a lot for reading and for your continued support.
Namaste.
--
This is not financial advice.
LONG - EOSBTC - Trading OpportunitySell volume decreasing with every dump, now consolidating at the daily ma200.
Entry: 0.0003880
TP 1: 0.0004152
TP 2: 0.0004612
SL: 0.0003643
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