After a big move in the last 24-hours, we looked at ETPBTC. As with many alt-coins, the recent rally has brought the coin right to the top of its previous 4th wave and a big Fib speed resistance line.
In the case of ETPBTC, if it can close above 8782 on a 2-day chart, there might be reasons to say a legit bottom is in here.
Bottom Line: Generally speaking,...
ETP Metaverse shows accumulating the volume and long-term accumulating the positions.
Also, its simply to see how rsi indicator in the day chart disacord with trend price.
If BTC pump above 4000, ETP price in BTC will come rise after his november-december dump.
BITFINEX:ETPBTC displaying bearish RSI divergence up here after the massive run it had this summer. TD counts on weekly and daily RED (bearish).
Suspect this ticker was used for capital fleeing for Chinese (this is a Chinese ICO) this summer and explains the massive PUMP while everything else dumped.
Finex (where massive volume was occuring) is putting in big...
Going to play ETP long here. It does not look uber bullish but I think it has one final push up before a retrace. It is sitting on the 61% fib and hit the target of this down leg. So I think we are heading up the way. There is bullish divergence on the RSI. Shorts are at an all time high so are due a squeeze. If everybody is short then everyone is right and imo it...
ETP has finally given a short signal. Shorters can wait until close today for confirmation given the bastardy nature of this coin. I am just watching, will consider buying if target is met.
Target should be 61.8%.
what i´m seeing on this chart right now is a rising wedge with huge downside potential. there a 2 possible scenarios in my mind. 1 would be the retest of the upper trendline in the next couple days, and the 2nd an orientation along the lower trendline until the sell off. thinking about 1 -2 weeks until we know.
this is not a trading advice, ytayor!
Zoom back into daily mode, I tried to find the Elliot trends and decided to move the end of wave 3 to the new high. It seems to make more sense to me more than ending wave 5 and making a new Elliot waves.
In ETPBTC pair, the support is strong around 35KSat which hasn't been touched but kept at higher support at 39KSat. This should be a good buy zone if it will...
First of all, this is the log scale.. it is what I've learnt from Mikael. The log scale fit perfectly for crypto. You may like to try draw it for Bitcoin history to see something fascinating.
Ok... I believe the first elliot wave has ended due to Wave 5 retraced more than 0.618fib. So.. it seems like this anti-bearish-market rise needs some correction before...