Hi!
I am expecting a sell-off soon. All my calculations say this. After a small downward movement various patterns will take effect: the triangle, head and shoulders, etc. I shorted EOS at 5.82 $ till my expected price of 2.50 - 2.75 $, i.e. 200% plus for me. Of course it is clear that a big player can drive the rest as much as he wants. But soon he must decide finally. By his behavior I can see that he will certainly accumulate further at lower prices. Bitcoin levels for this: 4950, 3950, 2950. EOS will collapse due to the head and shoulders in a downward direction. This is a psychological war and the boring waiting time is the integral part of it. That's all I can say. My 666 warning is still in action - plus or minus a week. I don't have the red button, but the big player has it for sure. I can only see, that he wants to go downwards, and that the time for it is now-plus-minus-a-week.
All the best and lucky trades!
bombrom
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Can I be wrong in this case? Theoretically, if the big player reads my statements here and does the opposite - but I do not believe that, although I think that he is monitoring the Internet space for majority sentiments. What is the big player (or are the big players) waiting for? He usually waits until the majority of traders choose a direction to go in the opposite one. He buys when the majority sells and he sells when the majority buys. So, the market is not supply and demand. The market is: 90% of the traders lose to the big player, who usually wins at 100% of his moves, and to those who go with him. That's why the main TA rule says: majority is always wrong. So, this time as well, the big player will go down until the majority has sold. He only has enough money and enough time for that play. Our job is to go with him.
So theoretically it is possible that he goes 1000 $ up from here, only then to go down to 3000 $. But it seems to me, after checking the volume peaks and making my calculations I presented, that he is selling at the moment, and that his global accumulation phase is not completed yet.
All the best and lucky trades!
bombrom
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Naturally, the last question could arise: does the technical analysis (TA) work at all. The answer is: yes. But only as a secret sign among the big players and traps for the traders. All patterns are created artificially and have nothing to do with any market laws. And that is the reality of all markets - coins, stocks, gold, etc.
It is also certain that a long-term investor does not have to pay attention to all this, but only has to wait and see. Just how long he has to wait - that's the problem. Some people have been waiting for the gold explosion for 10 years - and they can wait another 10 years with the same result. Another danger is that he may be waiting too long and lose all his profits again.
So my theoretical remarks are for traders only.
bombrom
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The big player has too much money for every market. That's why he buys and sells carefully and slowly (accumulation, distribution phases) so that the price does not change too fast. On the other hand, he needs sellers and buyers on the other side, he says. For this he uses the TA, which is supposedly based on the marketplace laws, but in fact, as I said, has nothing to do with it. Then he pushes the market in the direction desired by him, and then stop again at the point he earns enough. Because only he has enough power (ie money) to force a change of direction. This happens in all markets, not just in coins: 90% of traders loose statistically in all markets, this money goes to big players (big investment banks, hedge funds, etc.) and those who follow them. So the free market is about the same fairy tale as the american democracy, the idiom with which the aggressive american politics is concealed and concealed, - just to give an example here.
All the best and lucky trades!
bombrom
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P.S.: and sorry for my language, the languages I speak are russian and german.
bombrom
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The big player has too much money for every market. That's why he buys and sells carefully and slowly (accumulation, distribution phases) so that the price does not change too fast. On the other hand, he needs sellers and buyers on the other side, so he misleads all traders until they either buy from him or sell to him. For this he uses the TA, which is supposedly based on the market laws, but in fact, as I said, has nothing to do with it. Then he pushes the market in the direction desired by him, and then stop again at the point he earned enough. Because only he has enough power (i.e. money) to force a change of direction. This happens in all markets, not just in crypto: 90% of traders lose statistically in all markets, this money goes to the big players (big investment banks, hedge funds, etc.) and those who follow them. So the free market is about the same fairy tale as the american democracy, the idiom with which the aggressive american politics is masked and concealed, - just to give an example here.
All the best and lucky trades!
bombrom
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So a good trader forces the big player to share with him, so that the rich liar does not get richer, just as a good politician (like Putin) acts against the american supremacy to create a multipolar, equitable world. A war, as mentioned above.
Good luck!
bombrom
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666 RED ALERT 666
Get out of the market or go short for 1 Month. Bitcoin will go down 30-50%. EOS to about 2 $. The sell-off starts this week. EOS rally will not take place.
Good luck!