Hey guys,
as you can see EOS is playing out in a very clear textbook structure. I do expect price to start a bullish impulse very soon, as we have already or almost completed the fifth wave of (iv) or (e). In the bigger picture we're currently in a larger wave 4, which should be followed by a final bullish impulse taking out the ATH.
On lower timeframes we can already see bears losing momentum - however, there is still downside space left till 7.00ish. Whether it will start today or in a couple of days, I would keep an eye on this one as it is just a matter of time till we most likely see EOS outperforming other alts once again.
Safe trades!
Bud
as you can see EOS is playing out in a very clear textbook structure. I do expect price to start a bullish impulse very soon, as we have already or almost completed the fifth wave of (iv) or (e). In the bigger picture we're currently in a larger wave 4, which should be followed by a final bullish impulse taking out the ATH.
On lower timeframes we can already see bears losing momentum - however, there is still downside space left till 7.00ish. Whether it will start today or in a couple of days, I would keep an eye on this one as it is just a matter of time till we most likely see EOS outperforming other alts once again.
Safe trades!
Bud
Trade active:
Long opened at $.6.97
Trade active:
Bought bags of ETH too
Comment:
Short squeeze here we are:) +8% on EOS and 7% on ETH currently. Hope you took advantage of the call!
Trade closed manually:
Took profits. Might see a retrace or a DB - will look for another entry opportunity to long. General TA shown above is still valid, but I'm trading it step by step. Same goes for my ETH position
Trade active:
Back in it. Long EOS & ETH! Will be monitoring it for the next couple of hrs. Great RR
Comment:
There we are again :) Looking solid!!
Comment:
Minor sell off? Structure on lower tfs still valid and SL hasn't been hit yet. Still active
Comment:
If you haven't noticed it yet.. Often right at the start or in the hours after of a new "crypto day", the market either leaves its range and continues its trend or reverses. The very same direction the market is pointing to in these hours will very often be the direction for the entire day. This of course is just an additional factor to be used besides an in-depth analysis done previously. It does not happen always, but it is a good indication for the impatient when to expect the market be reactive again.
Comment:
Manually closed. Mixed signals so far. Might be interesting for a scalp, but for a swing-trade we just don't got enough confirmation yet
Trade active:
Opened a short on EOS. Am not expecting a bullish recovery soon and definitely not a trend reversal in the coming days. For clarity, I am not only keeping an eye on the $5000 level on BTC, but also on the $4500-4000 level. This would mean price needs to break the major trendline drawn on my previous BTC analysis. In the context of market cycles, this could be the final despair phase.
Trade closed manually:
Shorts closed & starting to accumulate for a long position
Trade active:
Now long on EOS. Dollar cost averaging
Trade closed manually:
Be ready for seeing some downside. Last low needs to get knocked out for a last time (on both BTC&EOS)