Continuing my early accurate predictions of EOSBTC, it looks like BTC has extended far enough from the pivot point and ready to give EOS a chance. With EOS handling over 60% of all blockchain transactions, it's definitely undervalued versus Bitcoin at this level. Bitcoin is still the main entry point for new cryptocurrency entrants so good idea to hold BTC,...
The current EOSBTC price around 0.0008xxx seems to be an overall pivot point between EOS and Bitcoin. While EOS hopes to be the Everything Operating System, Bitcoin is emerging as a great non-correlated asset and gold replacement. Block.one June 1 announcement wasn't great as they announced a super product, voice.com, that won't be available for months. Based...
Everyone talks about how great the US stock market and S&P 500 (SPX) investments has been for the last 70 years. If we take a different perspective and fix SPX to $1 and show how your dollar bill has actually FALLEN substantially.
The US dollar is the strongest currency in...
At some point EOS will break away from BTC since they have different use cases. EOS for dAPPs and BTC for store of value.
EOS is trying to break away. Note that EOS and BTC will still move together for overall market sentiment at a macro level.
Digital Tokens & Money (DTM) is a new term I've developed to refer to all the space of blockchain, cryptocurency, EOS,...
EOS looks like it wants to breakout from a pennant but continues to get resistance at $3.00.
If EOS can break out of $3 with some volume strength, I think it will fly.
Expecting news from Block.one and hopefully Coinbase can list it.
EOS has been in a tight wedge/pennant ready to break in next couple days.
Fundamentally EOS should go up due to developers switching from ETH and increasing numbers of dapps and transactions.
However, the breakout will depend on the overall crypto market of BTC and ETH.
I've been tracking this pitchfork pattern for quite a while and it's nearly spot on. I recently noticed that the lows were higher indicated by the yellow line.
Now the pitchfork and this yellow uptrend line are converging.
I'm bullish on EOS as a development pattern, but no idea which way it will go. Either it breakout of the pitchfork pattern upward or stays...
EOS has been trading in a pitchfork channel for a long time. Over the past couple weeks, it's been consolidating and slowly going upward as mentioned in previous posts. EOS now looks to breakout of the pitchfork to new levels. Several ETH Dapp developers have announced shift to EOS. London hackathon this weekend is expected to have major announcements,...
This is a new thought and I have never traded such a pattern. Crypto pairs offer a new insight in looking for patterns.
I recently publish an EOS versus ETH prediction and it was nearly perfect.
Due to this fall out of ETH, I feel we are seeing a convergence between BTC and EOS. This could be very healthy for both allowing the market to consolidate and absorb...
This is definitely some wishful thinking but I believe BTC and EOS are turning the corner.
We have seen two waves of Higher LOWS after many Lower LOWS.
The Wild Card is definitely the breakdown of ETH. With $20B of ETH in the market plus all the ICOs who knows what will happen.
Meanwhile, I can draw charts that let me see what I want to see :)
As a developer, I can't understand why ANYONE is still using ETH. It's slow, expensive and a complete SCAM coin with no governance. EOS is 600 times faster, doing 10 times the number of transactions, and already generating more revenue and just launched less than 3 months ago. In addition developers are jumping the ETH ship for the EOS ship daily.
EOSUSD is following closely to this picthfork channel providing possible short term plays.
I'm extremely bullish on the long term potential of EOS as a platform with our software team working on solutions in this area.
However, in the near term it looks like EOS will need to break out of the pitchfork for long term bullish trend.
I believe it will move fast once...
I have NEVER seen a perfect straight line pattern in regulated/normal markets. What the heck is this perfect straight line pattern??
The only thing I can guess is market manipulation of some kind. Ripple has WAY too much insider tokens so they can easily manipulate the market.
I hope to see XRP go to zero as it's toxic.....hope lawyers or regulators go after them.
Looking at XLMUSD, the chart looks good like a cup and handle with growing volume so it looks like it wants to go up/Bullish
Looking at XLMBTC, the chart looks more bearish and others have shown charts:
I'm holding (not HODL) for now based on XLMUSD.
What do you think is most...
Cryptos that can combine some level of fundamental analysis AND technical analysis will be long term winners based on the philosophy of the "Tyranny of OR and the Abundance of AND".
Steem is a great platform and contributors are making real money (not me yet since I'm still new). I abandoned FaceBook after seeing all the misinformation and lies being posted so...
Tether's value is only equal to the actual US dollars they have in the bank. Does anyone really believe they have US$2.25B sitting in some bank? No auditor believes this as their latest "auditor" just denounced involvement.
Make sure to run your charts with USD and not USDT to get true value. Find a way to convert money on the sidelines to real fiat.
Understanding the past is sometimes useful for the present. Here I look at the DJ internet composite index which peaked at $500 in March 2000 and then proceeded downward 95% to below $30. At some point cyrptos will do this also, then question is not IF but WHEN. I also feel that blockchain technology will also be a foundational technology and will go back up...