Uncanny similarity for the start of EOS to that of ETH.
It is important to remember that there are 9x the number of coins circulating, so to achieve the same kind of prices, the market cap would need to be c. 9x of what ETh's was at its peak early 2018. Improbable but not impossible.
Given that EOS made significant gains in a bear market, i would suggest that if...
SOW—sign of weaknessw
UTAD—upthrust after distribution.
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend.
In a redistribution TR within a larger downtrend, phase A may look more like the start of an accumulation
Phase B: The function of phase B...
Bitcoin remains trapped in the range around $6400.
Trade the range until we break.
Entry Stops on the lines with TP indicated.
Im net long Bitcoin. Equities dumping and bitcoin remaining stable is a bullish divergence.
Many people invested in crypto and got carried away, punched well above their weight with quickly new found riches.
Many tried to trade - they failed, many bought in late - they lost.
The rest either learned to trade and will survive and the others are hodling on.
Dont forget all this time that the groundwork is being done by the developers and the...
Bearish Sentiment as derived from Bitfinex long and short position data in the Bitcoin market has rapidly advanced in the past week two weeks, with Short positions at the exchange doubling from 17k short to 34k in the price decline from $7,500 to $5,900, showing no immediate sign of slowing. At the same time, long positions have decreased to lows of 26k, meaning...
Ive had a number of comments about what I think will happen with the ETF, primarily because if it were to be accepted / approved I have mentioned that I think that it will mean we have seen the bottom already.
I played the previous ETF announcement very well (link attached) and I anticipate a similar level of relative hype could occur.
The situation isn’t hugely...