A little tripple bottom on the hourly. (ignore if you dont like TA)

Token and Exchanges
24

i think tomorrows kyc will bring some nice pump on etn… plus the price now had been squeezing on hurdle at around 87-88 sats of 20-day ma… a breakthrough to this level will bring us to 94-97sat… breaking this level will bring some fomo and may reach to 120-130sats…
the clash between ema and 20-day ma will be inevitable…
i hope this will turn into a good result

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26

We will see! :slight_smile: I personally dont care about news though. The chart tells us everything we need to know. Its not really possible to predict how a market reacts based on news. A completely oversold market could still go up on bad news and a completely overbought market may go down. News is probably more for investors.
Also I didnt really make up my mind about KYC yet. ETN may become the first regulated crypto. I kinda think its a good thing pricewise longterm. And also with the CLI wallets you wont need to join KYC (if you just want to trade).

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27

I think from this point on according to looking at bitcoin and Alts analytics we will slowly start to move back up again soon :wink:

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28

some news will make a spark, it will lit a little fire at first then that will be the trigger to get burn :fire::fire:

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29

Bitcoin%202018-09-09

:rocket:

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30

BTC shorts have dropped 12% in 2 days. I am a bit bearish about bitcoin because i think BTC will trade sideways fore 2-3 days before the next dip down. We got a similar pattern around 12 aug, jul 27 and jun 20. I am only a hobby trader that is trying to learn so DONT do what i believe only discus!

31

@B.F.A its ok i am also a hobby trader next to my day job its mostly speculation and charts in order to predict where it might go in the future everyone sees the charts different :sunglasses:

32

Well, H&S is a bearish pattern (if it breaks out) ;).

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33

We will see where it goes :sunglasses: in general June to End of september are just the worse months of bitcoin and alt coins usually after september it starts to rise up :money_with_wings:

34

Pattern still in play. Descending triangle (bearish) forming. Support at ~81sats.

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36

I agree. If btc makes a lower low the next downmove may end around 35sats for ETN. Last decline was also like 40%. But its very possible that BTC bounces up since it reaches a strong support zone around 6200$. We just need a little more volume. I personally would not short BTC now. Means I would rather go long with a stop loss under that crucial support zone around 6000$. With that in mind I will watch prices carefully and potentially drop ETN under 80 sats (bought at 79sats).

38

11

Her is my trading prediction so far, i will upload more when i am more comfi about my lines. So far i placed the bottom, and i have started putting the trading channel up to 17 september, after 17 i am not shoore, need to get the resistens line from 5864 and up. i was lucky with that droop 5 september. I must say i don’t have bitcoin so i am only marking and learning

2 Likes
39

I agree @M-Kid Electroneum has found a solid price target at where it is at right now i think if the market rises up Electroneum will go with it for sure :wink:

40

It could fall lower but i also think the closer we get towards October i think it will slowly rise up again :thinking:

41

I agree on that. If we go below 5800 the next stopp could be all the way to 3000. the shorts are high, trade volume is low and we have a bear flag. There is many bear indicators and the trend is down. 13 aug and 8 sept set a higher low and from 8 to 11 sept we set a higher low, i want put too much in to that and can at best trade sideways, probably in the box i made. October is so close but far away so i don’t know if it is in reach. I am bear to i see a big bull sign:) and need good confirmation that the bull is back.

42

https://www.tradingview.com/x/BedJZDA8/

Is this a upside neck and shoulders? 1 hour time fream

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44

It kind of is. But what I found interesting on this chart is that pattern grafik I put a trade on that. I think there is also a name for it. But if you have a big green candle and ~3 red candles after it that all dont go over the green candle that is pretty bullish. Alts did also follow that move.

I was thinking we get a correction to around 6k, but maybe we skip that and start going up.

ETN is still hovering at the same range.

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45

I think that is a classic Bull flag, and i guess price in 15 hours to be 6411$ :slight_smile: f i use the upside down head and shoulders confirmed with use of you’re bull flag as a confirmation. Only guessing not trading.

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47

Nice buy @M-Kid :sunglasses: :+1:

48

The way i see the charts at the moment is that bitcoin Will continue going up for a bit might dip down a little and then push further up :face_with_monocle: