Descision Making Time on EOSBTC, Is The Fomo Still Real?
Hello Everybody, how are you doing? I hope Fine!
If you take a look at the technical indicators you can see that they all tell a different story.
The most i can make out if the info the indicators are providing is;
1. prices where lower then before
2. this is the forth candle in a row that the current candle *input* is lower than the close of 4 bars before it.
3. Volume is above average.
4. last 5 hours prices are increasing.
that is not very usefull information in my opinion.
What i do think is usefull information;
1.Purple box was previous Supply Zone
2.Supply was a bit low and we broke out to blue box and agreed on a new supply zone
3.Then we came down to red box that became the new demand zone.
4.Hodlers with disbelief that prices will go higher now start selling at green supply box.
5.Now we're backin demand zone and have to see how much people still want to fomo in to see what is the best price we can get for our lovely eos tokens.
Additional information i've written down on the chart.
Hope you guys like it
Enjoy!
-Edit:
*Forgot to mension that i think that we are expieriencing a sell off at this moment*
If you take a look at the technical indicators you can see that they all tell a different story.
The most i can make out if the info the indicators are providing is;
1. prices where lower then before
2. this is the forth candle in a row that the current candle *input* is lower than the close of 4 bars before it.
3. Volume is above average.
4. last 5 hours prices are increasing.
that is not very usefull information in my opinion.
What i do think is usefull information;
1.Purple box was previous Supply Zone
2.Supply was a bit low and we broke out to blue box and agreed on a new supply zone
3.Then we came down to red box that became the new demand zone.
4.Hodlers with disbelief that prices will go higher now start selling at green supply box.
5.Now we're backin demand zone and have to see how much people still want to fomo in to see what is the best price we can get for our lovely eos tokens.
Additional information i've written down on the chart.
Hope you guys like it
Enjoy!
-Edit:
*Forgot to mension that i think that we are expieriencing a sell off at this moment*
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