ETPBTC | Three White Soldiers Reversal | Sell Target

Here's a blow up version of ETPBTC. MACD is completely oversold. To set a sell target at the end of Wave 5 is highly risky so if you are looking for an exit, get out after it goes above wave 3.

Target Sell
100k. 110k if I am feeling lucky. :D

This is assuming it follows Elliott Wave Theory. If it fails to break above wave 3, look for a suitable exit.
Enter at your own risk. Set Stop loss at 62k if you are entering now.

Three White Soldier Reversal

I spotted this Three White Soldier reversal on the 30min chart. MACD looks good. It bounced off support at 65k very nicely. I bought positions at 68 and 64.8k I'm aiming for 100k satoshis.

Definition - The three white soldiers pattern are considered fairly robust reversal signals by both analysts and traders. Typically occurring at the end of a downtrend, the three white soldiers consists of three large bullish candles, each closing higher than the last.

Comment:

3min chart ETP.

Short term movement. Could it hit 100k in the next few hours..?

Trade closed: target reached:

First position bought at 45k and I bought more at 65k and I just sold 50% of my position at 105k. This was one fantastic trade. :) I still have yet to decide on where I should sell the other 50%.

Comment:

ETP is a very good coin to hold long term. One of the reasons is, it is trading at Bitfinex- an exchange that is very particular about their coins.

I have found charts made by other indicating, ETP is has only completed wave 2 of a much bigger movement and could move on to a huge increase over the next month or two. HODL!!