EOS/BTC turning red!

30. Apr. 2018

Hi all!

EOS had a major bull run ( scroll down to see the 1D chart ) and it's showing bearish signs on the 4H and lower. Time to sneak in a short?
it's too early to enter right now since it's showing early signs of downwards movement but it isn't there yet.

I will keep it short but sweet:

What is happening:
-> Price is going below the conversion line ( previous support )
-> strong move down ( no upper shadows HA )
-> Big up trend ( below 75 EMA would be an official downtrend )
-> volume cycle

What needs to happen for it to go lower:
-> Break 0.00194 ( close below )
-> preferably no upper shadows
-> no higher highs
-> break cloud 1H or retest of the previous support as resistance

Hope this information helped you with reading the chart from a trend trading perspective, the goal was to lay out the information there is about the current trend.

As always,
Happy Hunting!

30. Apr. 2018

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1D view

1. Mai 2018

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Sitting on an important Ichimoku support ( Red line ). Best to close short and reopen those when we break this.

2. Mai 2018

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happy that close on that short :D ( see above )

2. Mai 2018

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10% short <3

3. Mai 2018

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here we go again to retest the support ( red line ) close below it would be a short entry until we hit the cloud, should wait for it to enter within the cloud to keep it open.

6. Mai 2018

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Was away for the weekend but none the less; Move prediction played out nicely so far, with the upper cloud edge being resistance atm.

7. Mai 2018

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21. Mai 2018

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The bearish bias continues with the trend going down but tightening up for a shift!