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RE: EOS is Ready to Make Orgasmic Lunges Upwards AGAIN!! Target $22.63!!
Yeah. but EOS is throwing away 30% gains repeatedly. It's like 19 days in a row of downtrend now on the EOS/ETH ratio..
Yeah. but EOS is throwing away 30% gains repeatedly. It's like 19 days in a row of downtrend now on the EOS/ETH ratio..
If you look at the EOS/ETH ratio, you have to coinsider that ETH has caught people's attention as an alternative to Bitcoin - this will stop at about $1000 and there will be a longer consolidation phase, like when it was stuck at $300 for awhile. These tings are exactly what people like haejin cannot foresee as they refuse to look at anything but waves, this is what makes the time factor.
When ETH stalls, the people who know about EOS will push it some more, but then, their number is limited - this is the problem with small coins. You see a similar relation with Lumens and Bitcoin.
On one hand, they depend on the big one to be well, on the other, they shoot when the big one stumbles. Thus, the prolonged triangles that haejin is now calling fractals. EOS is now out of one, the question is simply when it will gain enough momentum.
If you look at the ETH ratio mostly, that will automatically change when Ethereum starts to slow, which will attract more ETH holders... as EOS is an ETH derivative, holding both at the same time may be wise, but not make a lot of sense ;)
You're offering some excellent counterpoints here to contrast the pure TA that @haejin offers,
And, technically, these calls are intended to help educate folks on how to read charts themselves. But, in reality, for a lot of folks we're looking for leads because this market is potentially a goldmine but very few of us here have ever done this.Many many people are fresh off the train without a map, some money in our pocket, hoping we find honest advice and don't get ripped off.
The goldrush analogy is pretty accurate.
And you might be right that there just isn't enough money in the market atm to move all these smaller coins simultaneously. I suspect that will be changing as more people figure out how to get onto coinbase, transfer funds onto an exchange, etc.
It might be a few months before things really heat up from new retail investment.
We'll have to see. Keep us posted on your own predictions.