Gmanns777
Short

EOS: 2 patterns (#1 BAT, #2 Gartley) which one will play out???

BITFINEX:EOSUSD   EOS / Dollar
EOS has had a 200%+ move up in the last month. In this video I discuss why it could be time for a pull back and how to safely get short to take advantage of a retracement.

There seem to be two patterns forming up. The first is a Larger BAT pattern which i discuss first, then i move to the smaller Garltely setting up and discuss how I will use either pattern to get short.


Jump to reference points:

0:20 EOS April to May move 200+ %
1:05 Missed weekly & monthly central pivots pointed out and discussed
1:20 Discuss why i dont get long when missed pivots below price
2:00 Good time to get long? I dont think so
2:30 Pattern #1 BAT discussed
3:00 Patter # 2 Gartley discussed
4:00 Potentially getting short, entry, stop & R:R
5:40 Trade management & Price targets
6:15 price exceeding R3 with a missed central pivot
6:50 Summary of both patterns
9:00 how Bitcoin could influence EOS to head lower

Ill update once one of the patterns completes.
Comment: Gartley complete at 78.6 and 1:1 of A B leg. Now i wait for a lower high then get in


Comment: The Gartley has done its thing... and then some!!!!!!!



Next target is weekly central pivot from two weeks back
Hello, very informative video!

Just so you know, EOSUSD long positions are currently extremely high. Longs have been stacking up during this consolidation.

What I'm getting at is if we do reach your first level, I'm pretty sure we will also reach the second one due to large amount of longs being liquidated.

I'm currently shorting EOSUSD btw.
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i own 10k in short contracts on okex :D. this needs to touch 14/15 minimum
+1 Reply
be careful , dont get burn shorting, eos is hot now, until mainnet launch.
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Gmanns777 RajivKapri
@RajivKapri, agreed :) but when everyone is on one side of the trade... sometimes its a good idea not to be with the crowd. always go short with small size :D
Reply
RajivKapri Gmanns777
@Gmanns777, i guess its good to go with trend and crowd, with your own style and strategy, where your can ,,,,, open position to Lead Conversion. against crowd Probability to get burn

Eos is the strongest one most out there, probably will see 2rd or 3th rank on coinmarketcap soon ,, replacing BCASH and ripple for sure ,, clearly 16$ level is strong support, i guess its ready for another run till end of this month once 20$ resistance break ,,, most probably 30$-35$ soon!!!
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