EOS: DESTROYED!Hello dear EOS traders, and let's talk about my favorite trading coin! ;) EOS got completely crushed, but unfortunately my focus was on BTC solely. In any case you could've made amazing profit. Edgy is now partnering with Bybit to offer you those shorting capabilities. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
EOSUSD
EOS: Trade Potential Review + Journaling! Now to EOS: I'm gonna show you how I would've played the potential Bull Flag breakout, also gonna give you deeper info on EOS, since it's the best tradable coin imo. Have fun watching! ;)
Also make sure to check out the BTC journaling video, as I'm diving deeper there, which is attached to the idea.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
EOS: BREAK! 10% Already!I just mentioned my EOS short play -that I was showing you off in all the analyses since Sunday - in the LTC analysis already:
But why did I play EOS/LTC/ETH on this short break specifically?
I didn't know, if EOS or LTC was going to make the race to the bottom . Why did I mix in ETH additionally? Just because of the cleaner levels. Since all of them are in bear flags/crashing against BTC , it was a no-brainer to play them to the bottom.
But I left XRP or BCH out, because of 'political' reasons. BCH has people like Roger Ver or Craig Wright behind them: anytime you can expect those guys to manipulate stuff.
The same is true for XRP: Anytime the company could go ahead with a very natural tripling like in 2018 when we had touched 25, to basically save the level.
Conclusio : I went with the rather unpolitical candidates here, which also have a large enough market cap for my account size to easily move in & out. If grandpa BTC keeps going down, we'll have very good potential to reach the target of 3 Dollars psychological.
What is amazing is: we literally had the same amount of consolidation before the previous clean bottom break of the Descending Triangle:
=> This is why you wanna learn short trading. Edgy is the place to start.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Is EOS The Best Tradable Crpyto Asset?Hello dear EOS fans & traders! In this special analysis, I'm going to show you why in my opinion EOS/USD is the best tradable crypto asset, with the clearest levels, which makes it perfect for Breakout-trading. I'm gonna give you quite a few breakout examples since November last year. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Technical Analysis vs. News MediaSince I'm currently working on my TA-course for beginners, I completely missed out on the break of EOS.
But still, in this post I wanna show you, how important the break of technical & psychological levels is, and how clueless it leaves online news media -especially in Crypto-space. Just to give an example, News-BTC author Martin Young asks immediately: "What Caused EOS to Surge 30%, Flip Litecoin and Lead Today’s Crypto Rally?" and points towards some Telegram messages of co-founder Brendan Blumer. www.newsbtc.com
But let's have a look at the chart from a technical perspective:
In the case at hand, EOS breaks with decisive volume out of the equilibrium range of 2.2/2.3 and the 3 Dollars psychological to the upside, where we've been consolidating since December 17th.
From the 2. to 10. January we have tested massive resistance, couldn't break above, retraced back to the bottom range with 4 significant lows. Once the bears still couldn't break the range lower, we've ridden up again in the range to the top, always in correlation to the rest of the Crypto-Alts (esp. due to ETH/LTC-strength).
When we zoom into the hourly chart, we can clearly see the Bull-flag, grinding at the 3 Dollar psychological resistance. The market is showing us clearly: Yes, I know about that resistance, I have to gain power to break this zone.
Once the break occurs, we're shooting up similar to December 17th -until now with 25% profits. Exactly like last time, we could see the relative strength vs. grandpa Bitcoin coming since February 9th, when we broke out the equilibrium in the direct correlation EOS/BTC to the upside.
Conclusion: Of course, not just Cryptos, but any asset, rises & falls due to the fundamentals. But when it'll break & esp. where it'll break, Technical Analysis will always show us, and will put us in a more favorable position vs. the news media, which after every small fuzz has to look for reasons in their Telegram groups, for why the price is surging right now. => News Media is reactive, while Technical Analysis is proactive.
If you had some value from this analysis, make sure to give it a thumbs-up & comment, so that as many people as possible will see it. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Trading is the best business ever. (X-MAS SPECIAL)Hello my dear crypto friends, hope you're doing well guys! ;)
In this special Christmas episode, we're going to go over 2 trading setups with Ripple & EOS, and I'm going to show you why technical analysis works & why trading is the best business in the world.
Have fun watching & have great holidays! ;)
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally in 2013.
Cryptogame - Margin Battle Another chart. I have too many other charts to put here, which I will add in description later. There is a lot going on behind the scene. Bitmex 100x leveraged trading has had a clear impact on the cryptomarket. Other leveraged trading options at Bitfinex for alts are playing a major role and have resulted in wicks which are not ignorable. Currently the alts have too many long positions compared to shorts, where as BTC and only 2-3 others alts have more shorts than longs. Of course there are always other aspects to look at and clearly have an impact on the inter- and intraday prices.
Please leave a comment (healthy discussion please) and click on the agree button if you do agree or like this chart.
Thanks.
Cryptogame - The Order In The ChaosHi everyone. I hope everyone is fine and doing well. Sorry I have been very busy at work these days hence was unable to post anything. The previous chart was getting too 'long' for the updates, hence I am posting this one.
Many things in the pipeline. EOS and TRX have their main-net launch dates within the next few days. Still, because of the overall market sentiment, the regulatory clouds, CFTC investigations/probes into BTC price manipulation in the market (they FINALLY figured out something was wrong lol!), the SEC focus on ETH being a security (or not), the price of BTC is not going up. All the bulls who said that institutional money will be coming in soon... well, still waiting since the 22nd of December 2017.
This year is likely going to be similar to 2014 in my honest opinion, but mainly for BTC. I think some of the alt coins (EOS, IOTA, ADA, XLM for instance - may be BCH) will do well. There is another coin - RadixDLT. I have read their white paper and it looks very promising. The team is very polite and the main devs do respond to email queries themselves. Plus they are British! And since I live in UK and absolutely love the country, I will buy this one when it launches later this year.
I will keep updating the charts and also share my thoughts here. Please feel free to ask me any questions or send me a pm and I will aim to reply within 24 hours.
Over the past few weeks, many 'bullish' calls have been made by hedge fund managers and billionaire investors. And also by other billionaires (like Warren Buffet) calling all cryptos a scam.
The answer - everything is a scam! You need to learn how to use the market to your advantage. Don't get caught up with what others say. Everyone has an agenda. Rather than relying on one source, gather as much information as you can about the crypto you want to trade. Always look at the BTC chart because even the most powerful pump or rally can be killed by a falling BTC. If BTC is overbought, then it will have some correction. It can kill almost any rally or pump instantly. So be careful. BTC is the common denominator and is the main index against which all the cryptos are valued. Do your own research first. Don't invest 100% unless you are sure about what you are doing and have a contingency plan. If you are margin trading, then your investment is automatically exposed to an exponentially higher level of risk. So be careful and only invest the money you are prepared to lose.
About this chart. This is on a weekly scale and I have chosen the Bitstamp BTCUSD chart this time. One of the main reasons is that this is the longest time-frame chart that we can look at for BTCUSD pair and hence has more data than other exchanges. The three indicators used are RSI, DMI (Directional Movement Index) and Stoch. I find that when I use these in conjunction and pitted against each other, they do provide a better insight than others. Of course there are hundreds of other useful indicators available. You should use the ones which you are more comfortable with.
The overall market volume is the key here. It has been dropping steadily over the past few days. I have a feeling that BTC will visit the $5000-$6000 range soon, but I could be wrong.
Wish everyone all the best!
Why its dangerous to go "All In"Recent sentiment on EOS was so bullish that longs reached a pretty ridiculous level.
Easy to spot in hindsight but the max pain was to the downside.
Max pain thoery. The market will move to rekt the most amount of people it can. In options trading max pain is the $ value of the stock where options expire worthless. Markets often gravitate towards max pain on options expiry day.
So for leveraged longs they were in the max pain zone. The dump was very sharp due to longs being stopped out + liquidity crisis. This doesn't mean the overall price on EOS is bearish, just that the traders got too bullish.
With a bit of luck shorters will start opening too many shorts and max pain will be to theupside ;)
Keep watching Longs vs. Shorts on your favourite pairs to gauge sentiment. Trade opposite when sentiment extreme is found.