Hey guys, EOS is right now trying for an inverted Head & Shoulders on the 4H. The neckline is at 7.2 (7.2) convervatively), while grandpa Bitcoin is going for the bull flag with the top at 6.300.
=> Any break of that neckline has to see simultaneous break of grandpa Bitcoin, otherwise it'll be a fake out!
We're holding 12 EMA as support, while on the Hourly we have even formed a doube bottom at 6.5. EOS/BTC direct correlation has broken the Lower Highs on the 4H, and wouldn't pose a threat in that break scenario.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! I wish you a good trading & wonderful weekend. No matter what you do: set your stop-loss, as it can always backfire! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
=> Any break of that neckline has to see simultaneous break of grandpa Bitcoin, otherwise it'll be a fake out!
We're holding 12 EMA as support, while on the Hourly we have even formed a doube bottom at 6.5. EOS/BTC direct correlation has broken the Lower Highs on the 4H, and wouldn't pose a threat in that break scenario.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos! I wish you a good trading & wonderful weekend. No matter what you do: set your stop-loss, as it can always backfire! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.