EOS longs perfect setupIm sorry, i cannot resist publishing that perfect pattern.
EOS is like silver. You need to accumulate when no one wants it and ride the wave.
Trade at your own risk!
EOSUSDLONGS 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)
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.
EOS over 10$ before end of septemberYou cannot make us capitulate.
It drop? We buy more because we saw that too many times before.
If you sell on emotion, stop trading now you will lose on the long term.
When EOSUSDSHORT go up by 1 million coins, the price drop by 1$.
If they cover lets say, 5 millions coin out of 9 millions short, EOS move more than 100%.
If we check the past, that move can happen in a day.
You cannot miss this move, because i garantee the short only make money from others shorts, not from the longs :)
Trade at your own risk, even if there is no risk on that trade!
EOS greed - short squeeze might happenShorters are too greedy in EOS. EOS dropped 30% in the last 24h and too many traders are still thinking it's an easy trade to short EOS. But they forget to watch EOSUSD SHORTS chart. This chart says that EOS shorts are still builing up, but shorters are not able to push the price lower anymore. That's the same situation that happened to BTC on 12th april 2018. When shorts are accumulating at the same price level, if bulls manage to push the price higher in a green pump, shorters will start to close their positions. And when there are many short positions on the same price level, this results in a massive "short squeeze".
Of course don't forget that shorts building up and price not moving down is not a guaranteed indicator that price will go up. Bears can still win and push the price down in the end and close their positions normally. But.. if bulls manage to make a push, it's a very bad situation for the bears, as all of the will start closing their shorts together (= buying).
BTC shorts are also on a rise, with BTC daily RSI touching oversold level, history shows that we always had a rally after that. This is a good time for long EOS position imho. If you're not sure about that, just wait for the squeeze pump to enter. Also EOSBTC is in support zone atm (0.00160 - 0.00167).
Why its dangerous to go "All In"Recent sentiment on EOS was so bullish that longs reached a pretty ridiculous level.
Easy to spot in hindsight but the max pain was to the downside.
Max pain thoery. The market will move to rekt the most amount of people it can. In options trading max pain is the $ value of the stock where options expire worthless. Markets often gravitate towards max pain on options expiry day.
So for leveraged longs they were in the max pain zone. The dump was very sharp due to longs being stopped out + liquidity crisis. This doesn't mean the overall price on EOS is bearish, just that the traders got too bullish.
With a bit of luck shorters will start opening too many shorts and max pain will be to theupside ;)
Keep watching Longs vs. Shorts on your favourite pairs to gauge sentiment. Trade opposite when sentiment extreme is found.
