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SupremeSage
Mar 22, 2018 7:23 PM

BTC/EOS Exit Short

EOS / BitcoinBitfinex

Description

Congrats for buying EOS based on the segment (triangle), as advertised by some traders. Here is when and why I think we should consider pulling out.

Looking at the BB in the past, we can see EOS can stay oversold for quite a few days (2-3). I would wait for a full green daily candle to open and close above the upper BB line which might happen in a few hours.
Comments
Slik50Play
EOS, BNB and ICX seem to be the only ones doing good at the moment. Bear season is killing me. Can't wait for altcoin price to be independent from BTC. Seem like one of those moments where you don't know if BTC will phase out as the default pair as more pairs become available. Unfortunately I still have to keep watching BTC before deciding to buy altcoins. Stupid but it is what it is. At the moment waiting to see if BTC drops to around 8K or move up past resistance around 9.2K before I buy the coins I mentioned. I know you mentioned that EOS need to pull back anyway.
SupremeSage
@Slik50Play, I would buy EOS in a few weeks, when the mainet is about to launch. Keeping an eye out for that. Confidence is sadly not fully restored in this market. Thanks for the comment
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