Hey guys,

How’s your Thursday treating you? Here’s mine:

Markets are still doing their thing, burning the hodlers and worst of all, the content creators here on Steemit. Those Steem Backed Dollars, huh... Ouch.

Anyway, I wanted to reinforce yesterday’s notion that this is in no way close to a capitulation. Take a look at EOS for example.

Start off with a higher time frame:

EOS/USD Daily

There’s your clear zones that we want to see hold or break to trade in the direction of.

Now step inside to an intraday chart and have a look at how price reacted around them:

EOS/USD Hourly

You’re telling me that’s not methodical, predictable price action that you couldn’t rationally trade? I call bullshit.

Wait until the higher time frame level holds or breaks and trade pullbacks in that direction. The formula for success is simple.

Enjoy your Thursday!

✌🏻.

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