You can see many noobs that are shorting now, this is a very bad idea. BTC can retrace easily to 50k even if the trend would be down from here on. Reversal in the BTC market never happens like this, there would always be a lower high before the market goes into a bear market. I think this is more a midterm, whales liquidating as much longs as possible, before...
EOS is one of the few cryptocurrencies that didn't get close to its own ATH in this bull run, we can expect EOS to still surpass ATH in Q3 or Q4 depending on the succes of the launch of bullish.com
We are still completely inside the bull market, I wouldn't be concerned unless we would sink under 20k, that is very unlikely with the massive inflation that is happening on the fiat currencies at the moment. Coronavirus caused an unprecedented amount of governments printing money and lending massive amounts of money, this will create continuous bullish pressure...
As EOS is still so far away from the deathcross formation a low lev long can be profitable in the long run.
As soon as BTC starts going past 45k EOS will start to accelerate. Not that I believe in products that Block one brings out, bullish.com should cause a small rally.
The great Elon is right BTC consumes to much energy and another issue is that BTC transactions are to slow. This does not mean that the dollar is better than Bitcoin at the moment, in my opinion it's always better to buy high quality altcoins than Bitcoin, simply because they don't have these issues. Either way Bitcoin is going to end up at 300k regardless of these facts.
A few retest maybe towards the 30k area, but I expect we are back above 50k within 2 months.
As I said EGLD was ready for a strong correction, in theory it's a good idea to long now, we don't know what elon musk will do :P EGLD is a very good cryptocurrency, but the inflation is still a little bit high.
We have not left the bull market, this has just been an healthy correction! If it wouldn't correct like this it would really jeopardize the uptrend.
The EOS and TRX ecosystems are working together and are very similar to each other, it's no wonder that there is a correlation with the price, this has been the case since early 2020. EOS has yet to do a big breakout and is the only major cryptocurrency that didn't have a real pump yet. We can expect a push to 10 dollars + within 2 weeks.
It's time for eos to break out of the falling wedge, as soon as eos passes the 1200 sat line we could see an epic breakout to 40k sats or more!
Tron is becoming a really popular project as we predicted a long time ago, it's surely a healthy long, there is no sign of any dent in the uptrend.
EGLD is a really strong project, but as we know in crypto even the strongest projects face heavy downtrends and big dumps. EGLD has not had a real dump since the big pump as a hedge ill short EGLD, because the DEFI is not really running yet and I see coins with a healthy defi system pumping like crazy now. If this short play works out it will give some nice gains...
We have no even broken 50 k yet, so I am not very impressed with this bearish actions after all these attempts and this massive volume. The dxy is about the plunge, short is not recommended right now, but long with caution.
At these extreme heights you would expect the bears to put up a fight, but all the opponents of BTC have been vanquished, we can actually first head to 80k before we see any meaningful correction. When CNN calls for a cme gap at 25 k, the price can only go up xD CNN usually gives the wrong advice. There are several factors at play, the dxy does influence the BTC...
EOS / BTC is in a steady uptrend despite of the decline of BTC vs the dollar! This is one of the best signs an altcoin can have. When EOS breaks 4.5 it will fly to 5.5, if it breaks 5.5 it can actually fly straight to 8 usd.
The MA 5 and 10 are going to cross the 30, usually this signals a strong bullish momentum change.