This is a new thought and I have never traded such a pattern. Crypto pairs offer a new insight in looking for patterns.
I recently publish an EOS versus ETH prediction and it was nearly perfect.
Due to this fall out of ETH, I feel we are seeing a convergence between BTC and EOS. This could be very healthy for both allowing the market to consolidate and absorb ETH market cap. It would be logic to sell ETH for BTC and then buy a portion into EOS.
BTC provides the base similar to Gold.
EOS provides the opportunity similar to NASDAQ in 1995.
This chart shows EOS and BTC in an almost straight line in at least 4 occasions.
Advice in order of importance in my non-professional, not giving investment advice opinion:
1) Convert ETH to BTC AND EOS. At first I thought it should be BTC OR EOS, but diversification between these two would probably be better.
2) Review all ETH altcoins, if they would run better on an 6 minute ETH network versus 0.5 second EOS network then keep them (and let me know what possible application this applies to!). If user experience would be better at 0.5 sec vs 6 min, then wake up the development team for a switch to EOS (or other 3rd gen blockchain) or sell.
3) HODL BTC and EOS. Invest more if you are a risk taker using dollar cost averaging over time. Note: Although I feel prices are good right now, ETH situation is making it very uncertain.
4) Comment below if you want a FREE EOS account.
I recently publish an EOS versus ETH prediction and it was nearly perfect.
Due to this fall out of ETH, I feel we are seeing a convergence between BTC and EOS. This could be very healthy for both allowing the market to consolidate and absorb ETH market cap. It would be logic to sell ETH for BTC and then buy a portion into EOS.
BTC provides the base similar to Gold.
EOS provides the opportunity similar to NASDAQ in 1995.
This chart shows EOS and BTC in an almost straight line in at least 4 occasions.
Advice in order of importance in my non-professional, not giving investment advice opinion:
1) Convert ETH to BTC AND EOS. At first I thought it should be BTC OR EOS, but diversification between these two would probably be better.
2) Review all ETH altcoins, if they would run better on an 6 minute ETH network versus 0.5 second EOS network then keep them (and let me know what possible application this applies to!). If user experience would be better at 0.5 sec vs 6 min, then wake up the development team for a switch to EOS (or other 3rd gen blockchain) or sell.
3) HODL BTC and EOS. Invest more if you are a risk taker using dollar cost averaging over time. Note: Although I feel prices are good right now, ETH situation is making it very uncertain.
4) Comment below if you want a FREE EOS account.
