EOS: A BULLISH Trend Reversal is Happening!!

in #eos • 7 years ago (edited)

SUMMARY

The weekly MACD looks very bullish for EOS! The 9 week histogram is moving with higher lows...bullish! The 12 week moving average line has turned up..bullish! Forward discerning that the 26 week moving average red line will be crossed in a few weeks to a massive bull buy signal!

Even the weekly price bars are quite bullish! The wave 1 and 2 of an impulse motive up have been completed. This means, wave 3 is in progress and that'll make the month of May a jaw dropping and very violent price upmove episode!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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#money #cryptocurrency #blockchain #altcoins
7 years ago in #eos by
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    • [-]
     7 years ago  

    hey @haejin, I thought you deserved an explanation for why I've started downvoting some of your posts, so here goes:

    • I have nothing against you, nor against what you post. Steem is free for everyone to do as they please within the rules of the blockchain
    • fundamentally, I have nothing against ranchorelaxo upvoting all your posts at full SP
    • as you both are free to use your SP as you wish, so am I, and I have started to use mine to redistribute the rewards pool in a way that I see as being fairer, in this case less for you and more for everyone else. Ultimately, it will make more people stay, STEEM be more valuable, and we all win in the end
    • I do not want to indiscriminately downvote you, so I'll be following the strategy explained here, I think that @transisto makes a very reasonable point in my eyes
    • again, I do not want to censor you, but use my SP to have a say in the distribution of the rewards pool (which is SP's main function, but I'm definitely sure you already know that). In that sense, I will not downvote any of your posts so that it ends up with a 0 reward, only the ones that are disproportionately valued

    I'm not asking that you don't downvote me or have any particular behavior towards me, I just wanted to list those reasons in the spirit of openness and transparency. I do really hope, though, that you will start to be less greedy and contribute more than what you take. I do understand the tragedy of the commons, but Steem's founders had different ideals when they created the system and I'd like to do my part to help perpetuate those. Cheers!

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    [-]
     7 years ago  

    I'm new but I've already seen that the system is flawed and many bots/steem mercenaries try to use it to their advantage, isnt it? How to avoid it and how to reach some fair following on Steemit without it? Looks like you've been experienced in it, I would gladly use your help for my crypto blog content. Thank you :)

    [-]
     7 years ago  

    Great post, even if I disagree. Will you be downvoting comments? When you downvote something that was upvoted, does it destroy value or just redistribute it? I'm unclear on how it works.

    I'm not sure people who join the site and see a bunch of downvoting will be more likely to stay, but if you believe their payouts are more important then best of luck.

    Cheers

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      [-]
       7 years ago  

      I'll try to explain it simply, even though the exact mechanisms behind are a bit more complex:

      • every day there is a fixed amount of rewards available to be shared by everyone
      • everyone's upvotes/downvotes reallocate the shares of the pie between all the votes: when you upvote someone's post, more rewards go to him/her, and that much less to everyone else. When you downvote, the opposite happens: less to him/her, more for everyone else. So when haejin rakes $2000+ / day, that is that much less that goes to everyone else. When I downvote his posts, I do not do it in order to "censor" him, but because I believe he's receiving a disproportionate share of the rewards pool that I feel should be given to other deserving people
      • note that I use downvote instead of flag as I believe it better represents what happens, as flag carries a very negative connotation that it doesn't have in the code

      As for downvoting comments, I won't be doing that. Hope it makes things a bit clearer.

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      [-]
       7 years ago  

      Seems rational. There's an impact I suppose as there is limited voting power, but since the reward pool is constant it all balances out. Cool thanks for your clear response.

      Your approach makes sense to me, and even if I disagree with what posts you feel are getting too much rewards, I can counter with an upvote. Best of luck.

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        [-]
         7 years ago  

        Hey All, does anyone understand the process for when the current erc-20 tokens change to the actual eos blockchain. I know there are always scams online so it gets confusing...

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        [-]
         7 years ago  

        You will recieve them automatically to your registered ETH wallet.

        [-]
         7 years ago  

        In binance is Automatic

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          [-]
           7 years ago  

          i bought a lot at 8$ :)

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          [-]
           7 years ago  

          Thanks Haejin! EOS is the Big Thing in the next couple of Years!
          What do you Think of Bitshares Pathway for the Future?

          [-]
           7 years ago  

          EOS and Eosfinex will replace BTS.

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            [-]
             7 years ago  

            why the fck @ranchorelaxo votes up your every posts ? he dont do anything in life with his whale account ? he just wait for your posts to upvote it as soon as you write ? WTF

            [-]
             7 years ago  

            There is such a thing as auto upvoting you noob.

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               7 years ago  

              so the 3 is at 18 ... over 3.618 fib .... u can surely paint a pot-head picture

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                [-]
                 7 years ago (edited) 

                see ETH chart from 2017....

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                   7 years ago  

                  thank you~~~~~~~

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                     7 years ago  
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                       7 years ago (edited) 

                      Rofl, so you think EOS will have a market cap of 300bill in June? Thats just stupid.. Haejin's $22 target in July seems a lot more plausible.

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                        [-]
                         7 years ago  

                        This really has no good data he is eyeballing all he cares about is the upvote