EOS is leading - comparing crypto charts to determine future valuations
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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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!
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
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!
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.
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!!
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.
Or sell some for profit then buy a k in a couple of months later when price has dropped off!
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 :)
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.
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.
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
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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.
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?
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.
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.
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.
gracias por su orientación feliz día
I think Cardano is breaking out right now just like EOS did...and Steem, SBD and BTS are in formation of similar pattern..
i inbesting but loss 😰
my disicion ,, i am agree