ETN Technical Analysis Society

We broke the neckline of our W pattern on the hourly. First sign of reversal is in.
Buying in now would be reasonable. Waiting for the next pullback is the lower risk option.

Stop loss can be either a little under breakout or under the W pattern. I personally like to put it somewhere in between where I find most support within the pattern.

Personally waiting for the next pullback and also want to see how the price developes taking volume into account.

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Hi Peeps… registered and verified on the BiKi exchange. Apparently the only trading pair is ETN/USD. Never traded against USD before, is there anything I should be aware of when trading this pair?

TIA

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Put buy order way under price and sell order way over the price. Low liquidity pairs oftentimes have price spikes.

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Not any analysis today, just some random USD charts that looks increasingly nicer according to me.
I think that BIKI Exchange has the potential to become ETN’s new #1 exchange,
As not only does it seem to be an incredibly serious exchange, it also has good traffic with many concurrent users aswell as Binance levels of volume. ( Since everyone everywhere in the space only validates projects wether they are listed on binance or not ) I think it is important to know there is other very well suited alternatives, even better depending on what the main goal is.

So I’m truly excited to see the coming weeks and months development within BIKI.

Anyways -> to the charts I mentioned.
1 full year of price action. Seems we’re pretty flatlined and pushing into the first major resistance sat at 0.004$ a fair 3 times. Looks very nice to me.

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3 months chart we have pushed into the resistance twice without success, but not with failure either. Looking good.

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Again a 1- Year chart and as more clearly seen here we’ve had 3 tests on the resistance level, with each and every one of them getting increasingly higher above it after failing.

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Half year chart - just for perspective.

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90 day chart - This is where it’s starting to get interesting as seen we have been trading within a downwards channel and we just now a couple of days ago came into contact with the support regions with volume stagnating on the lower sides, so I’m currently on the lookout for bigger movements from this point forward.

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Here comes the more fun parts 60 day chart is clearly evident that the downwards channel is coming to an validation point of price action. as said above volume has stagnated on the lower sides as we came into contact of the supporting price level. Very intersting.

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Again, even further fun parts of this text - And at last a 30 day chart - Just so that one can easily see how we have maintained the downwards channel with fairly good volume up until the point where we hit price action support levels, where volume instantly came into a halt. Definitely keeping my eyes open right now.

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Key levels of price action is the same as I mentioned many many months back. 0.0037 ~ is obvious support, and 0.0040 - 0.0044~ is the obvious resistance we will have to break above. Time will tell what happens, but I would be surprised if we get rejected at 0.0040 ( in the case of us retesting it again. )

Thanks and take care, I find this chart extremely exciting in the current days especially with all of the massive background noices from deep within the company.

Not financial advice,
Regards

*edit reasons - spelling corrections

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Thank you for the update info.

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How do we know we will be a low liquidity pair for this exchange aswell? :shushing_face:
Jokes aside, honestly very good tip.
Though, since this will be a hyped tradingpetition, I do believe that during those times there will be quite high liquidity. Doesn’t stop this exact mentioned thing from happening though, so in hindsight exceptional tip that I have thought about many times without ever doing… :smiley:

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Really enjoy your commentary. Im starting to have a better understanding of the markets and how things fluctuate, somewhat, lol at least it’s not as crazy as it once seemed!

I never noticed this before, and maybe it’s the latest development that made me look, but I’m starting to see Tether(USDT) as a major gate keeper, Looking at trading volumes and coin values, (USDT) seems to have a BIG link with the top coins/tokens and their high market value. More ETN/USDT pairs on more top exchanges Could open things up big time…

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Thank you, I appreciate to hear that :slight_smile: Yeah I sometimes imagine myself to understand the markets aswell, but then it turns a complete shotgun on me and invalidates my process! Many times it feels kind of like my mind is actually hooked up on the web and as soon as something is thought & or written from my brain, the complete opposite happens, just for the reason to screw with me :smiley:

I completely agree with what you’re saying.

I honestly think that the Biki listing is way underhyped from our community. - That’s good though.
I believe that this could be quite a spark for some significant price action going into the coming weeks and month. But looking at the orderbook @ kucoin someone(s) somewhere seems to be in line of my thoughts.
Haven’t seen these orderbooks that sits right on the price action levels for our coin for a veeery long time.

Though I have never been a orderbook guy, but it is interesting to see these orders sit straight on price action which rarely happens.

Also someone straight out bought just short of 500k coins as i wrote this.

Summary

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I assume it will be.
The first days likely have really high volume and then we drop to pretty low levels is my guess. Similar to huobi. Good luck catching some spikes :slight_smile:

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Actually wanted to post some TA from what I can see currently.

A trade is looking to become open do we close this daily candle above the yellow line @ roughly x39.7 sats AKA 40 sats.
Due to several reasons I have noted.

Daily

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On the 4hour chart there is quite a few bullish signs showing.
We seem to have flatlined with bearish volume stagnating, and a increase for bullish volume within a possible momentum swing after sideways trading with multiple confirmations of support.

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Another reason for my seen oppurtunity here is the Ichimoku cloud, which seems to be pushing into and possibly above the cloud - Though still early to tell so waiting for tripple confirmation here.
4h

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And the third reason is the bollinger bands which seems to be wanting to push upwards.
4h

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Daily
Bollinger bands even on the daily chart seems to be swifting into potential bullish momentum.

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The main reason for my oppurtunity here is the 4h ichimoku - aswell as the daily bollinger bands as they should allign with eachother do we get 4H ichimoku tripple confirmations.

Thanks and take care,
Not financial advice!

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I’m not into tradingpetitions, nor trading them. Not trading what so ever actually as I get way to much emotionally involved within a trade compared to a longterm investment hold. Not looking personally to add anymore as my ETN holdings should suffice fairly well. just patiently waiting in the background and doing some analysis of my best betted coin.

Been hella busy lately with work and missed the TA thread in general, which is why I sat down now that I had some spare time and investigated and figured I had some thought some may wanted to share.

*So yeah, I am not buying what I am saying above, If anyone thought so I’m sorry about that.

Always do your own due dilligence, even in a internet TA thread :smiley:

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The trade officially opened 2 hours ago when we closed straight on top of the line.
First target would be 43/44 sats.

Also what I forget to mention yesterday is that we had a double 1-2-3 formation on the 4H chart which is always a nice thing to see when looking for a entry.
1hour chart gave us the insight.

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A good Monday morning to you all. Thought some of you might like to see this chart on a coin that traded for the first time on BiKi last Friday.

As you can see they are 1-hour candles and it took around 7-hours to reach it’s peak price, (thus far) which was an 8x. It then had a pull back of around 40% and then another surge of around +38% and a gradual pullback over the last 36-hours of around 35% and is currently sitting around 5x original price.

In terms of traded volume, I noticed after about 5-hours on Friday it was c150M coins traded.

I am not a trader and don’t do TA and I am pretty sure it’s impossible for a new coin anyway, so please don’t take any of this as trading advice because it is not.

Hopefully ETN’s launch on this exchange can be somewhere near as successful.

Do any of our more technically minded members have any thoughts on this?

The thing that I personally take from this is that you shouldn’t sell too cheaply, if that’s what you intend as I bet the ones on that chart above who sold for 2/3x initially were ecstatic, but then ended up disappointed as they watched it climb to 4/5/6/7 and 8x!!

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Thanks for this @Billy_Bongo - I was going to find the details on this coin to see how it ended up.

What coin is this and how was it’s performance on other exchanges prior to listing on biki?

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Im buying every time I have some spare cash!

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I’ve got so used to news not bringing any price movement with the recent announcements, I am not holding my breath for much change.

On the plus-side, I think its unlikely the price will drop with this exchange opening up and therefore the risk would be low.

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Apparently it is IEO, (initial exchange offering) and an exchange coin for another exchange that BiKi have taken a financial interest in, (I think mentioned this in Fomosapien page on Friday).

Might have been pumped harder because of this BiKi interest - who knows!

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If you are buying in the hope of a profit then you should only do so if you can afford to lose, AND do not need the money back in the short term.

I personally would be very disappointed if we did not get a nice boost from this launch because - a) I think the project fundamentals are more than justify a decent price boost - b) it is usually the norm for these type of scenario’s and, c) this should help address the liquidity issue that quite a few point to as one of the root causes of low price.

I am sure others can add more reasons.

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IF we got a similar 8x uplift, that would put us 34th on CMC…

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I’ll be excited if we can just shoot up to a penny and hold there

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