EOS BTC reversal signs - New cycle starting ?

Hi,

This could look like a cycle bottom.

- Bouncing on previous cycle low after a fakeout down & reclaim.
- Price making a W on the weekly timeframe.

For the first time in 4 years, EOS could be primed to outperform BTC.
This is a weekly setup. It could take months to develop.

Lines marked "M" are monthly S/R and can be used as TP prices.

This is a macro view Idea based on the seasonnality of major altcoins.
I use the EOS/BTC chart to decide when to start looking for a trade on EOS. I'll then look for an entry on the EOS/USD pair.

Cheers, Safe trading !

Zlecenie aktywne:

USD Pair looks interesting too.

One scenario that could happen :