In my last ENGBTC analysis, I suggested that 6000 was likely the bottom, after we had a flash crash that wicked heavily on the broken triangle resistance (in pink). You can see the link to that idea below. So far, ENG has risen nicely from its bottom and is trying to break out of the 12000-13000 resistance.
I entered at 9590 today after the pullback (already a nice 10% rise), and I'm betting on this thing going a little wild. As I type this, it's rising pretty nicely, but ENG faces some heavy converging resistance (light blue and red). If we can break that and finally sustain some , I think ENG can really take off, and perhaps test its ATH on the Bitcoin ratio (maybe not an Enjin level pump, but who knows?)
Fundamentally, I chose to stick with ENG rather than WTC because I see ENG as having more speculative value. Its team is comprised of some serious people from MIT and you can bet they're working hard. If you watch my most recent video post, you can see why ENG might be easier to pump than WTC . People need to get excited about a rise in order for it to sustain, and I think since ENG doesn't have a tarnished record (along with strong fundamentals), people are more likely to jump into a price rise than with Waltonchain, even if WTC does succeed.
This is just a personal trade. May not play out how I want it to. I might end up holding this position for a while to see where it goes, or do some swing trading.
This is not financial advice. What you do with your money is up to you.