Hello family, friends, and others that may have found themselves here!
I have laid out my thoughts and opinions to share.
The light blue line shows our long term trend of lower highs, whilst the red lines show short term bottoms that signify barriers for future pumps. The bottom was once identified in October of 2017 which we have seen tested here again in 2021. I know it broke below that but these barriers are more of an area rather than a direct line. (So think of the barrier line as being an average).
We want confidence in our buys which we can have when we're near all time lows as the chance of the price dropping down is quite low as everyone who wants to sell has already sold. Thus right now there are not many people who can sell at a profit. Block producers may be the main sellers at these lows as they're trying to fund their developments.
cloud.google.com/blog/topics/ins...
Seeing that Google Cloud is personally releasing news of them working on EOS and of being a block producer... This is good news and could send the price upward to test these previous levels that I have identified.
Thank you for reading
-Bryson
I have laid out my thoughts and opinions to share.
The light blue line shows our long term trend of lower highs, whilst the red lines show short term bottoms that signify barriers for future pumps. The bottom was once identified in October of 2017 which we have seen tested here again in 2021. I know it broke below that but these barriers are more of an area rather than a direct line. (So think of the barrier line as being an average).
We want confidence in our buys which we can have when we're near all time lows as the chance of the price dropping down is quite low as everyone who wants to sell has already sold. Thus right now there are not many people who can sell at a profit. Block producers may be the main sellers at these lows as they're trying to fund their developments.
cloud.google.com/blog/topics/ins...
Seeing that Google Cloud is personally releasing news of them working on EOS and of being a block producer... This is good news and could send the price upward to test these previous levels that I have identified.
Thank you for reading
-Bryson