EOS / BitcoinLong
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 :
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.