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ChristopherPrunus
May 25, 2018 4:58 AM

Squeeze - Triangle pattern 

EOS / DollarBitfinex

Description

Either we shoot up or back to the grind line at 12.00

Comment

I have a bull bias, because downside risk is only going to the support line at 12.00 while, upward pressure will take us to our first target at 13.00. Gain big lose small. If you buy now it's a very good deal in my opinion.

Comment

Not much time left... place your bets. Like I said we are on the way up, 30 min or so the market will make a decision.

Trade closed manually

BTC is really dragging everything down. Looks like there isn't any momentum upward.
Comments
Jrdelane
Bravo, a squeeze triangle to boost the price 8 days ahead of the mainnet launch. I can't imagine risking my money shorting this bullish of an asset this close to a launch of their celebrated software. Good luck longs, shorts advised to stay away!
ChristopherPrunus
@Jrdelane, Even if it goes down there is not much to profit shorting right now. Upward, you get to 13.00, downward 12.00 and we are on the way up. Choose your side...
Jrdelane
@ChristopherPrunus, I made that decision repeatedly since last October when I first purchased at $0.52 and every lot since, never sold a share yet. I admire the work you and others do here, this is a winning asset to hold into the next years.
ChristopherPrunus
@Jrdelane, yeah, I think BTC dragged down. we will be in the grinding zone a bit. Could even go down temporarily.
Jrdelane
@ChristopherPrunus, Short term pain, detached really, know what I own, this doesn't matter to me. Good luck, keep the faith in this asset!
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