EOS Update: Are we on wave 2 down?
EOS, completed abc (red) correction by falling from a high of $5.47 to a low of $1.1262. The c (red) wave of this correction is subdivided into i,ii,iii,iv,v (red) sub waves. The white Wave 1 is done and now a drawn out correction is in progress. These long, extended corrections are very common in cryptos. If this is an abc correction going towards Wave 2 (white), then we are well into that journey. In order for this count to stand, $1.1262 must hold, less the count be invalidated.
As written on my prior EOS blog, my time frame is 12-16 months for EOS and is not a trade, thus an investment...the type you put away and check now and then for status. However, given the Bitcoin approaching top for Wave III, I will sell 1/3 of EOS holdings to raise cash. This sell will be done in a laddered fashion.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
YES saw this wave pattern as well earlier @haejin 🍻 EOS getting cheaper. Still 5 or 6 mo's of ICO uncertainty?
Not certain on timelength.....However, my time horizon is 12 to 16 months on this investment.