Actively Buying The Dip In EOS !!EOS has quite the habit of shaking out soft hands by expanding volatility in large manoeuvres with smart longs covering (see diagram below) and then actively buying at cheaper levels. Buyers had some nice gains and this healthy profit taking was logical and I can see why a retest of $4.50 was justified:
Although time-consuming, the operation is based on shaking out the impatient. The breakout took place at the end of last year which we traded:
The auxiliary troops from BTC have been brought over into EOS and other major Cryptos, those sharp enough last year who smelt the trend changing before mainstream media are rewarded favourable, while late money struggles to get to grips with the environment we are trading.
Chasing a fleeing enemy:
Buyers had the favourable end game here, their break obliged retail to concede fomo moves and hence the shakeouts. At an advanced stage in the swing, specifically when a fast hand is important, the process of squeezing can be seen from quite a similar angle:
This brings to an end the chapters on our EOR swing; in conclusion there have been some great opportunities to ride the pig, and a schematic illustration of how to cover and fade exhaustion.
Good luck all those buying dips in EOS and BTC next week, don't forget to keep the likes, and comments rolling!!
