As some of you may have noticed by now, EOS is only going up up up and it will likely continue to do so..
You could say that this is because of anticipation; major news for EOS are anticipated soon, so they buy it before it gets too expensive to get in. FOMO is already present in EOS.
But the remaining cryptos are lagging behind.
Or you could see it as I always do. Waves drive the news, not the other way around. EOS is just further ahead concerning the impulse wave structre.
So is this lagging a good thing or a bad thing ? See for yourself:
STEEM:
SBD:
ADA/ Cardano:
BTS
TRX
and probably many more...
Do you think you should "sell all your cryptos immediately" because there is going to be a crash soon, or should you buy as much as you can, as long as it is still cheap?
The market does not lie, theese structures repeat themselves over and over again.
Make your decsisons. I already did mine.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing
I noticed the old saw "no one ever lost money taking profits" While this is technically true, I would point out that if you trade too often you risk missing the occasional huge gain. Personally, I am more inclined to buy and hold. Unless you are a professional trader I recommend against frequent trading. Sell your losers and let the winners fly. HODL everybody!
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I am the HODL type, I am patient like the vulture. So I am with you@clayrawlings on HODLing. I wish EOS could be listed on Bittrex though I wonder why it hasn't.
Thanks for sharing @ew-and-patterns
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Not to sell crypto but if/ when to move funds from EOS, which has done so well recently, into other Alts that are expected to follow the same pattern!
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That seem like a pretty smart strategy right now. However, I'm also thinking that EOS will rise pretty sharply due to hype around launch, so it might also be a good idea to hodl some EOS during the launch as well.
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Agreed but then when to sell? It could drop after launch or rocket. There are several airdrops in the pipeline and you’ll need to hold EOS at the time to benefit! Decisions decisions!!
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That's the million dollar question ;)
I have a feeling that the launch hype will pump it pretty high, and then the hype will die down after a few days. I think a few days after the launch is a good time to sell some for profit, and hold some long-term if that's your thing.
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Or sell some for profit then buy a k in a couple of months later when price has dropped off!
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Yes, that sounds like a pretty good plan. This strategy could potentially allow for a nice profit while also letting us buy in the same amount of tokens for cheaper after a while. A big win-win situation :)
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Agreed. Alternatively you can grow your token holdings over time. You do risk the price continuing to rise and missing out on airdrops straight after launch but you’ll have to take these risks into account.
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Yep, it's a difficult choice! I will play it a bit safe probably, and try to make some profits, but still hold onto a fair share of tokens, so that way I have a safety net either way.
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Thanks for your information ......
Your post is always different i follow your blog everytime , your post is so helpful . I always inspire of your post on my steem work . Thank you for sharing @ew-and-patterns
Follow my blog @powerupme
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You never go broke taking profits. I took some profits.To me it looks like the wave ended. Now some retracement.
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Great post and comparison. If you are a day trader, you take some profits off the table. If you are a long term holder, you buy on the pull back. The space is very volatile, I expect more crashes as we continue to make higher highs over time.
Do you think the Crypto space will crash with the Markets? I would invest more, but I'm see a correlation between Crypto and the Markets.
NOTE: Bitcoin represents the candles and the DOW represents the blue area.
What are your thoughts?
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There might have been a correlation in the past, but do you think that if the DOW and any other major index crashes, cryptos would crash too? I think crypto will boom like crazy when the everything bubble bursts.
The money needs to go somewhere. Holding cash is too expensive in a high inflation or crash scenario.
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That makes sense to me and logically that's what I would expect due to the reason why Bitcoin was created, I guess we shall see soon.
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I see a lot of cup&handles waiting to happen. EOS and Tron are gettin their MainNet release pretty soon. So you can't fail betting on them. After MainNet release we could see a drop before new ATH IMHO.
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gracias por su orientación feliz día
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I think Cardano is breaking out right now just like EOS did...and Steem, SBD and BTS are in formation of similar pattern..
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i inbesting but loss 😰
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my disicion ,, i am agree
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Great update thank you
Any updated thoughts on XVG, also curious about TRX😊thanks
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XVG could be like this:
TRX is the same as ADA:
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Very prompt indeed, thank you!
TRX looks great then 😊
Only because I can’t see, what price does the bottom red C say on XVG? About .05?
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.04 is my estimate if it is wave B. I will buy a lot of XVG if that happens lol
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So will I! Lol
Let’s hope for both of us!
I AM going to stock up on XVG then Hold, Hold, Hold 😂
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Any current thoughts on XVG, this an actual impulse or just to allow some holders to get out and have a proper correction down to .04 for us? :)
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It's actually very tricky in XVG right now. We have two inverted Head and Shoulders patterns (one big and one small) which is bullish, but an expanded flat correction could go up to .1 and still crash to .04 afterwards. It's a tough call. I am glad that I am hodling my XVG since 2017.
I am only going to buy more at .12 and at .043 (if that happens)
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Very tricky indeed, I actually sold all mine (cant regret making money, bought .01, sold .11) however wish bought more and kept some.
I really hope it drops!!! Then im buying up and HOLDING long... :)
Be a cool post for you to do..
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Do you think H&S is looking more probable now?
I am debating buying some back in now for long hold, if not going to see lower price again..
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I think its 50:50. You could split your position. Buy 50% now and another if it drops again.
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I bought my first batch of EOS on a whim when it was down at about $6... I'm officially a crypto trade genius ;) hahaha
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keep it a few months, you will be amazed
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I also bought a nice amount of EOS for $6, and I think I will hodl it for a good while. It will surely go a lot higher when it officially launches :)
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EOS is fucking all others coins and keep rising madly!
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Great to see EOS moving as it is. I have just shy of 20 tokens but I think I might just buy some more!
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thanks for share this information with us.your analysis and information about cryptocurrency is very good.
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Excellent information very good graphics friend
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do you know why EOS is gaping up?
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Hi @ew-and-patterns ! All are preparing to pop up really huge I believe.
The buy market percentage is 65% compared to sell which is just 35%, so we are on a bull trend, right?
https://www.turtlebc.com/tools/buy_percentage
Regards, @gold84
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This chart says absolutely nothing. Completely useless. I know who posted it before you but he has no clue.
You can't track the overall market buy percentage on all exchanges, OTC and future markets combined. I assure you it is impossible. This chart does not cover the whole market. In fact I guess it covers only a tiny fraction.
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So you think better not to check this one. Which tool do you suggest to check for this type of trends?
Regards, @gold84
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We should follow the wave. I think still now is buying time...in two weeks from now maybe I should rephrase my assumption and sell some of my positions.
Steem on!
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Or take some profits now while the masses think it's going to keep going. Buy on a retracement because nothing goes straight up.
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Creative way to explain the recent EOS bull, it is wise to reduce risk by diversifying the gain from EOS to other potential coins like Steem or ADA. But I would make sure the diversification only happen in top 50 coins most of the time.
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