BTC and EOS – Mymillennialinvestor
Alright everyone here we go again with some awesome crypto ideas and news that may take into play this week and into next.Today I want to talk about some BTC and EOS these plays are looking interesting and still wonderful long-term setups. The wave counts are still in play nad we will adapt with the markets.
Lets look at the charts:
Above is the chart of EOS and as you see in the chart the pullback we have seen is taking shape with multiple indicator stating this move lower is about complete. Currently we have MACD divergence, oversold in the RSI, FIB level support, Elliott wave count completion.
Now If price heads lower I will keep buying and buying and buying. In other words the lower price goes the more I can buy as in Warren Buffetts idea but with Cryptos.
Now here is the chart of Bitcoin and this flag formation is looking to setup as a wxy pattern. This pattern is a 3x3x3. Patience is most definitely taking play for everyone right now. It does make sense for a rest in the markets with time and price.
As you can also see in the 4hr chart all of this is also taking place on the 4 hr chart for bitcoin Divergence on the MACD and oversold on the RSI.
MAny interesting things are taking place in the markets such as the repurchase via REPO market (short term borrowing) this is telling the markets we are in a full all out liquidity crisis and the reasoning for the continued increase in FEDS push of money into these REPO markets.
Alright everyone I will talk about some FIAT currencies and the Overall markets tonight. Great trading!
Published at Sat, 28 Sep 2019 15:30:03 +0000
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