EOS BTC reversal signs - New cycle starting ?
Updated
Hi,
This could look like a cycle bottom.
- Bouncing on previous cycle low after a fakeout down & reclaim.
- Price making a W on the weekly timeframe.
For the first time in 4 years, EOS could be primed to outperform BTC.
This is a weekly setup. It could take months to develop.
Lines marked "M" are monthly S/R and can be used as TP prices.
This is a macro view Idea based on the seasonnality of major altcoins.
I use the EOS/BTC chart to decide when to start looking for a trade on EOS. I'll then look for an entry on the EOS/USD pair.
Cheers, Safe trading !
This could look like a cycle bottom.
- Bouncing on previous cycle low after a fakeout down & reclaim.
- Price making a W on the weekly timeframe.
For the first time in 4 years, EOS could be primed to outperform BTC.
This is a weekly setup. It could take months to develop.
Lines marked "M" are monthly S/R and can be used as TP prices.
This is a macro view Idea based on the seasonnality of major altcoins.
I use the EOS/BTC chart to decide when to start looking for a trade on EOS. I'll then look for an entry on the EOS/USD pair.
Cheers, Safe trading !
Trade active
USD Pair looks interesting too.One scenario that could happen :
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