EOS Bullish View, But don't chase high.
The recent rally may enocurage a lot of new investors to
"Choing" -- rush into this market.
However, 5.5-6.00 is strong supply zone and a lot of previous buyers were trapped there, a pull back may happen
Good Strategy is to buy the low,
4.5 is a good area to buy EOS.
I have mentioned earlier when BTC hit 3600, and...
When trading supply and demand imbalances we don’t really need any indicator or add-on tools to tell us how and when to place a trade. Let’s take a look at Walt Disney Company stock #DIS using supply and demand imbalances as technical analysis without a single indicator dragged on the chart, just price action and impulses.
See below a monthly chart for Walt...
The setup is there for us to take the trade.
Use your money management wisely.
Put your SL unless you have the minimum US$1 trillion capital in your acc.
May the pips be with us!
Total books: $13,241,578.88 (+9.014%)
Global Bids: $6,199,478.9 (+7.35%)
Global Asks: $7,042,099.98 (+10.48%)
24hr Volume: $72,268,476.9 (+7.97%)
Who is hitting the tournament I am preparing for. Receive a gift from me!
Who knows, write in comments + and option
This is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%,...
BTCUSD corrected 86% last time and is seemingly doing the same now. The next push lower towards the $2.7K area could be a decent opportunity to go long and hold for years. Can easily turn around here, but for now there is no haste from buyers.
BTC buyers is trying hard to buy over the supply zone
5770 is important resistance for BTC
But now we can see the price has already tested this supply zone and buyer is really very strong.
Therefore keep an eye on 5770 level
If this level is broken, the bullish momentum will drive
the price to 6200
Strategy is to buy the pull back after the break-out