Traders, welcome to our new video update. This time on BTCUSD and EOS.
I know that BTC made a very deep pullback, but this 2017 trendlien can be very important, so watch out for a reaction around it. If broken, we can see a fall to 4k, but if holds then upside potential can also be very nice.
So now when BTC is at "do or die" level here around 6k-6.5k, it can be a time to look at some Alt coins. I checked EOS which actually has a very nice potential bullish developments based on MACD and EW structure.
Take care!
GH
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Hello traders, Cryptos are slow over the last few days, but we can see that EOS still looking for more upside for at least three waves up towards 8.5 level for A=C.
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EOS broke higher as expected... updates soon
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As expected, EOS went nicely higher, but so far only in three waves. Current price action looks corrective, so EOS may continue higher above 10 level for wave 5 of (3) as long as it's trading above 6.35 level.
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Seems like wave (5) of 3 can be completed, so we can expect a deeper, three-wave pullback for wave 4, where support can be ideally reached around 38,2% Fibo. retracement and 12 level.
thanks for sharing. you are the 1st person i look to for updates here on tradingview.
JayVirtualWorld
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@oilyprata, @ew-forecast, Yup I always check his TA first before checking others... very professional approach.
JayVirtualWorld
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and i have learnt a lot from his commentary.
TomPower
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Greg, you're losing me, are you long or short here. EOS has done nothing but trickle down from your long call? I don't care what other gurus are saying, I care about your opinion, give us one , Trendline trader gurus in the other pages aren't using Elliott so they are trading in a void.
Acel
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@TomPower, he is confused like the majority of us because of the complex structure and the sideways movement during the past weeks. I would say that he seems to be long on the short/mid term but there is a chance to break down that 6k low.
Greg, although the structure seems corrective (after the decline around 11.7k) , it can be an ending diagonal 5th for the A wave down since 20k ( 3rd ending at 6k).
But, i still think its corrective and should bounce around 6.1k (at worst). We'll see, i will probably post an idea (or two) during the next hours.