JUST A HEALTHY PULLBACK IN A BULLISH MARKET - IOTA and EOS EXAMPLES
Coin Telegraph
GOOD EVENING STEEMIT!
So yep. That happened. Again.
I hope none of your weak minds tricked you into panic selling and we all still have our shirts. Here are some points that we all deep down know, but maybe need to keep drilling into ourselves when we get complacent as price goes vertical:
We’ve seen this before and knew this pullback was coming.
We know that price respects obvious, daily technical levels.
We know that these ridiculously parabolic bullish moves NEED a pullback.
Two of my favourite coins that I talk a lot about both here and on Twitter, are IOTA and EOS. Now keeping the above points in mind, take a look at their daily charts below:
IOTA/USD Daily
EOS/USD Daily
Look at those pullbacks! Farrrkkkk. Especially that IOTA chart back under $1.00.
But also look at what that $1.00 level lines up with. Yep, that’s just a clean retest of previous resistance turned support.
These moves were clean and HAD TO HAPPEN for us to make a new high. It’s a healthy pullback in a market that is still bullish as fuck.
Relax, enjoy your weekend and BTMFD!
Peace.
Instagram: @forexbrokr
Website: www.forexbrokr.com
I will get rid of all my EOS.. I got them when they were $5.. should have sold them at $12 but $8 is still a profit.. Yesterday taught me how it's better to own Ether instead of tokens..
Eos is developing its own blockchain sheduled for release june 2018. So you are wrong, Eos is not just a token. This is early days for Eos. Those who stay on board long term will be rewarded.
I will see what happens in June..
How does one buy EOS?
I agree mate. EOS is a game changer.
I agree 100% I've been putting it everywhere I can. You don't lose if you don't sell. Sucks how many newbies prob sold and will be scared off. Rally back will be intense
It sucks, but that’s how markets work. If they haven’t experienced it or done the research required to understand what’s going on, then you can’t feel sorry for people.
Personal choice and personal responsibility! :)
I think the bitcoin has increased again
Could be more in it. I don’t know if the new traders I talk about have experienced enough pain yet, so the markets will likely give it to them ;)
yeah the thing i noticed as some one who is a complete noob in trading terms is how i'd gotten so used to highs, i don't have big holdings of bitcoin but i did make me sad to see it pull back like that. nobody likes a red day!
Haha yeah, human emotions suck. But that’s trading and this is how markets work. Don’t be discouraged and try to learn to control your mind.
This was a good thing :)
The funny thing about this dip for me is that it triggered an old order for me on Kraken. I got 1500 more Eos at a 0.011 rate for some of my Ethereum. Unintentional, but I'm happy. I beleive in Eos long term. Many will wish they bought in june next year.
Wow, EXCELLENT work! (Even if a little lucky).
Enjoy those cheap coins. They’re going to be a lot more expensive that that soon enough!
how do you predict about bitcoin 2018