I just mentioned my EOS short play -that I was showing you off in all the analyses since Sunday- in the LTC analysis already:
![EOS/USD: Descending Again! 12% Profit Potential [TRADERS ONLY]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
But why did I play EOS/LTC/ETH on this short break specifically?
I didn't know, if EOS or LTC was going to make the race to the bottom. Why did I mix in ETH additionally? Just because of the cleaner levels. Since all of them are in bear flags/crashing against BTC, it was a no-brainer to play them to the bottom.
But I left XRP or BCH out, because of 'political' reasons. BCH has people like Roger Ver or Craig Wright behind them: anytime you can expect those guys to manipulate stuff.
The same is true for XRP: Anytime the company could go ahead with a very natural tripling like in 2018 when we had touched 25, to basically save the level.
Conclusio: I went with the rather unpolitical candidates here, which also have a large enough market cap for my account size to easily move in & out. If grandpa BTC keeps going down, we'll have very good potential to reach the target of 3 Dollars psychological.
What is amazing is: we literally had the same amount of consolidation before the previous clean bottom break of the Descending Triangle:
=> This is why you wanna learn short trading. Edgy is the place to start.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
![EOS/USD: Descending Again! 12% Profit Potential [TRADERS ONLY]](https://s3.tradingview.com/d/d98kcyVB_big.png)
But why did I play EOS/LTC/ETH on this short break specifically?
I didn't know, if EOS or LTC was going to make the race to the bottom. Why did I mix in ETH additionally? Just because of the cleaner levels. Since all of them are in bear flags/crashing against BTC, it was a no-brainer to play them to the bottom.
But I left XRP or BCH out, because of 'political' reasons. BCH has people like Roger Ver or Craig Wright behind them: anytime you can expect those guys to manipulate stuff.
The same is true for XRP: Anytime the company could go ahead with a very natural tripling like in 2018 when we had touched 25, to basically save the level.
Conclusio: I went with the rather unpolitical candidates here, which also have a large enough market cap for my account size to easily move in & out. If grandpa BTC keeps going down, we'll have very good potential to reach the target of 3 Dollars psychological.
What is amazing is: we literally had the same amount of consolidation before the previous clean bottom break of the Descending Triangle:
=> This is why you wanna learn short trading. Edgy is the place to start.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
