Marginbuu

Marginbuu

The EOS bear market takes place under 3.9, so it's very likely that EOS will start its bull market soon! As EOS stays longer and more often above the 3.9 area the chance of an explosion to the upside are huge. Novogratz apparently is a major shareholder in Block One and he just put EOS on the greyscale list, indicating something big is coming soon.

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The bears are struggling to get any momentum in their favor. We can expect some sideways for a week or two and after that a pump past the ATH again. The fomo is happening, old folks are moving to BTC in droves. We still don't have the old finance world like warren buffet starting to invest in BTC, all this money will come,, they will have no choice but to buy...

Marginbuu

Its highly unlikely that BTC will drop below 50k.

Marginbuu Updated 

Dan Larimer is actively participating in the EOS telegram channels, this will help the price action! We can see EOS going for 5.5 soon.

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As we can all see the dump usually goes a bit a further than it would without all the liquidations. The price will recover quickly to 32 k+ an we will probably see a adam and eve reversal from here on. This is a good time to long.

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There are a lot of people that think that political unrest and a destroyed economy is great for the dollar, this may be the case in the very short term, but in the long term this will destroy the dollar even more.

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Bitcoin will remain sideways for a little while longer. As we said it can take up to 2 weeks before we see another significant breakout to the upside. A breakout below the 30k levels is still very unlikely.

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As long as we keep making higher lows we stay in the classic BTC triangle formation that we have been seeing from 10k. Its highly likely that we stay in the triangle and breakout bullish in a week or 2.

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Bitcoin is extremely strong right now, we are currently doing the standard sideways pattern 30k+ We are still in the very middle of this uptrend, it can actually last for a year or 2. I would expect this consolidation pattern to end in a break to the upside in the direction of 50k and at the end of the year 100k is still on!

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In fact eos is actually still very close to the black swan prices of the covid 19 announcement and the xrp SEC drama event. Either way it can only be good news that Dan Larimer is gone, because he is terrible at PR and is hated in the crypto community. As soon as Brenda announces a new CTO the price can shoot up to 10 usd.

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As long as there are a lot of people that believe that the dollar will pump, BTC will go sideways for a while. However no matter what happens it's very unlikely that the dollar will go back into a permanent uptrend. At the moment Europe is under lockdown and the USA is a very unstable situation, even with all that going on the DXY can't seem to exceed 91. As soon...

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We could have expected BTC to go sideways for a while. The trading range is between 31k and 42k, it's possible that we will be stuck in sideways for a month or 2.

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If we can break 42k its over for the bears again!

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We are not out of the problem zone yet, BTC dumped pretty strong and we can have few more retest of the 32k zone. I would expect to bounce between 32k and 42k for a month or two. On the other hand if we can break 42k and close above it the parabolic trend will continue to 50k within no time.

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The bears do seem to be getting some temporary momentum, but the bulls remain very strong at these levels. A drop below 31k would not be a realistic expectation at this point, because the volume is extremely high lately, that means that the bears are selling into massive buy action at these relatively high levels.

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The dump yesterday was rejected extremely hard. Now there is a small retest I would be surprised if we fall below 33k again.

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There was a huge correction, the dollar went up a little against a few other fiat currencies. There were violent dumps and a double bottom around the 31k zone. We can now expect a recovery to 35k+ and some sideways actions from there on.

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Now of course everyone thinks its over and BTC will die:P This is not the case, this is the first correction, we can go back up or sideways easily from this point. The 32k area I marked as heavy support, it will be nearly impossible to break that level today.