Hahaha I was very bullish ETH May/June last year, not so much now. I think EOS will make it completely redundant.
Yeah these "V" or "U" reversals seem to be quite common in crypto and very effective too. I just love charting and trading the stuff, so much easier than forex!
You might be right. I'm expecting good things from EOS and it does seem to do everything that ETH does, only faster and better (?).
Absolutely agree on that last point, too. I don't have a lot of experience trading forex, but I've traded a lot of stocks and ETFs in the past. The crypto market is like a whole year of price action for mid/large cap stocks, condensed to a month or two and patterns seem to be a bit more reliable as well (at least for the top 20~30 cryptos by market cap).
This uber-bull market (since 2015) certainly hasn't hurt with bullish pattern success rates. Here's to hoping that it keeps up 🍻