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RE: EOS Technical Analysis: UNABLE TO BREAK RESISTANCE...YET by bitbrain

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· @bitbrain · (edited)
I'm waiting for mid-September. Two weeks from now this current bullish trend will either have broken out of channels/through resistance, or it will be dipping for another BTC-to-$6k trough.
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@workin2005 ·
Could be...
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@bitbrain ·
It will be one of those two my friend, it will be.
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@workin2005 · (edited)
LOL....I agree it'll be going up or down, the question is, where will it be in 2 weeks. Regarding Bitcoin, there's a ton of resistance all the way up to $11,800. Looking down, there's a lot of support between $7,000 and $6,000. If we get a decision on ETF's that could drive a major bull run or a possible collapse depending on the ruling. Regardless of how much we don't like the SEC's influence, there's no doubt it's there. 
What'll be interesting is how retail reacts to the SEC pushing the decision off until next year...which I'm thinking is a very likely scenario. I'm already seeing articles saying the decision will be delayed...which means that may be baked into the price already and not have much influence. That said...if a surprise decision is made, we could see a bull or bear run to new highs or new lows. Oh, to be a fly on the wall inside the SEC....
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