EOS vs Bitshares

in #bitshares • 6 years ago (edited)

There is a peculiar pattern on the EOS/Bitshares charts and it is saying sell your EOS and buy Bitshares.

It is an opportunity to increase your EOS holdings if you are a long-term believer in EOS.

Here is the EOS/Bitshares chart:

It is a rising wedge (blue lines) and it is very bearish for EOS and very bullish for Bitshares. Price has already broken down out of the wedge. There might be an opportunity to swap at a better price should price revert to the breakout spot.

I would guess that the minimum move is somewhere on the black line which I have drawn in.

I will continue to track this chart. Stay tuned...

This is not financial advice, do your own due diligence. I am not responsible for your trading decisions.

#eos #cryptocurrencies
6 years ago in #bitshares by
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     6 years ago 

    I have never tracked the #EOS / #BTS pair. I'm not sure they would even go against each other? Interesting though. Thanks for sharing. I will be interested to see what happens with this pair.

    BTS took a major beating this weekend. There were a ton of margin calls. A great buying opportunity if you're holding cash!

    Please keep the update of this.

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     6 years ago 

    Actually the pair is on the Bitshares DEX: https://wallet.bitshares.org/#/market/OPEN.EOS_BTS
    but yes, very unlikely they would go together elsewhere. Hopefully a turnaround soon.

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