I am going to buy a fast car after this...
Nothing is more beautiful than buying an asset (EOS) that is increasing in value against the asset you bought it with (ETH), which too is increasing in value against the asset you bought that with (USD). I call this a mother loving money multiplier.
Quick lesson…
- The pitchfork is boss because it has much tighter criteria over many other TA tools in order to be validated
- You will find people on steemit jotting down their "trend lines" where ever they want, with little to no backing (usually for views LOL)
- Pitchforks use three historical data points vs. "My 5 year old told me this graph looks like it is going to go up. I'm going to throw a trend line on it and make a steemit post!"
Anyways... let's get down to business!
First let's look at the value of ETH against USD. This has a clear gravitational pull to the median line, and should be following that trend upward. I expect the price of ETH to hit as low as ~$1050 USD over the next few days before a bullish run ($1050-ish will be the lowest price it hits for the extended future).
Second, let's look at the value of EOS against ETH. This baby has sat in the median space for some time now which supports this trend. I don’t have a 3rd eye, but I haven't seen any other alts set up this beautifully against ETH. If it does gravitate back up to green within the next day or two, the current price may be the lowest it hits for the extended future.
Technical Analysis aside, EOS has high volume on the regular and has many goodies being released in 2018.
Therefore, like Chief Keef once said, "when you have ETH rising against USD, and EOS rising against ETH, you take your wife out for a nice dinner and prove to them it is okay that you are addicted to Crypo."
Almighty Sosa
Some love him and some hate him, but omitting Chief Keef from one of my first posts on steemit would be doing the rap game a dishonor. He put Chicago back on the map, his music contributed to increased gun violence in the city, and he fathered the next generation of hip-hop as we know it… B***HES LOVE SOSA
Please, please Upvote/Resteem this post if you liked it!
Also feel free to ask any questions, or provide any feedback that you have! I am happy to discuss :)
Good luck, and I will see you on the moon!