EOS/BTC - ready to explode ! (in corrective ABC cycle :D )

13. Mai 2020

EOS/BTC fell 30% in last month and every asset (yes, even sh*tcoins) is moving in waves, cycles - I am pretty confident with my eliott wave count on EOS/BTC and I think, that EOS just finished the strongest 3rd wave of this downtrend cycle and now we should see 4th corrective wave to the upside. Corrective wave 2 was really, really short, that´s why I think, this wave 4 will be stronger and we could even go up to 3300 satoshi. BTC dominance looks pretty bearish (that´s bullish for altcoins) and I think bitcoin will calm down for another months, volatility will probably drop a lot and that should be ideal environment for altcoins.
I already bought EOS, with tight stop loss below current low, however if I see, that EOS/BTC is going up, while bitcoin is going DOWN, I will SHORT bitcoin and stay in this trade (because I don´t want to be losing USD value ).