Marginbuu

IF BTC breaks 30k EOS will fly out of the killzone

Long
BITFINEX:EOSUSD   EOS / Dollar
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9
We have been following EOS every day and we can tell that the bears are finally becoming exhausted. EOS timing with pumping has been the worst of all the cryptocurrencies in the top 100. At every EOS pump BTC dumped within 24 hours and drew rejects on the EOS charts keeping the price down in the middle of the killzone. It's dangerous to invest in EOS , because EOS is at the brink of dying, but if EOS manages to escape this pattern it can actually fly up faster than any other crypto in the top 20. We can now see a dangerous head and shoulder formation with a long sideways right shoulder, although the bears don't seem to be able to dump EOS , because of heavy support in the 2.5 zone. EOS will either go x 20 this year or it will fizzle out and die, it's going to be exciting! keep stop losses in layers and you should be oke! It's certainly worth the try, because EOS is at its lowest point in satoshi value in its short history! its only at 3 % of its ath value in satoshi!

Comments

BTC broke 30K usd now 31K usd, waiting for miracle that we are waiting, but what if there is no ALTS season ?
+1 Reply
nrmr82 anonycoin
@anonycoin, nov/dec 2020 was alt season. No one wil be willing to move BTC to alt yet not at this situation. BTC bull run needs to end.
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No EOS Season
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Hello
Very nice comments and analysis.

So which day is BTC going to start correction?
Are there is signs already?

Thank you
Reply
Marginbuu ungushi1971
@ungushi1971, the first sign is the drop in volume, but that doesnt say a lot, it can also indicate a lack of willingness to sell. The first sign would be if we race to 33k and get dumped back to 30k within a few hours for example. And then you see bitcoin trying to scribble back up and then gets dump even harder at 32k creating a second lower high, in that case you can count on a small reversal.
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