EOS BITCOIN ($EOSBTC) - Late to the party or missed your ride?
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Drop a requested Ticker in the comments and we will be sure to take a look ✔️
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WIll Alt season ever come?!
As the price falls and BTC continues to rise short term, will we be seeing a continuation to the downside for EOS or could we have already missed our entry at the 4k sats range? Only time will tell.
Regardless we are looking at these potential short setups for the time being with the main focus being, "don't trade against the trend".
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1. Our Fractal trend indicator is signaling a downtrend (Red bar color) on the 4-hour chart.
2. With the strategy, we are only entering short on a retest of the validated S/R flip(Red plotted lines) as indicated by our Directional Bias indicator.
3. Stops have been placed with the anticipation of low liquidity causing a big enough wick to stop out quite a few people. Logic is on the chart and should be easy enough to understand.
4. Our first target is the S1 range formed from a long term previous S/R flip, our second is the ideal target of S2.
5. We can also watch for S signals from Triggers to lock in profits along the way down if desired.
6. I will be posting an update right after showing where this support is coming from after the initial post so stay tuned for that soon after.
Drop a requested Ticker in the comments and we will be sure to take a look ✔️
Like & Follow to help the community grow! 🎉🎉
---
WIll Alt season ever come?!
As the price falls and BTC continues to rise short term, will we be seeing a continuation to the downside for EOS or could we have already missed our entry at the 4k sats range? Only time will tell.
Regardless we are looking at these potential short setups for the time being with the main focus being, "don't trade against the trend".
---
1. Our Fractal trend indicator is signaling a downtrend (Red bar color) on the 4-hour chart.
2. With the strategy, we are only entering short on a retest of the validated S/R flip(Red plotted lines) as indicated by our Directional Bias indicator.
3. Stops have been placed with the anticipation of low liquidity causing a big enough wick to stop out quite a few people. Logic is on the chart and should be easy enough to understand.
4. Our first target is the S1 range formed from a long term previous S/R flip, our second is the ideal target of S2.
5. We can also watch for S signals from Triggers to lock in profits along the way down if desired.
6. I will be posting an update right after showing where this support is coming from after the initial post so stay tuned for that soon after.
Comment:
Showing where S1 and S2 are coming from:
