eBTC is TRASH? I say Cup & Handle Potential
SUMMARY
Many analysts out there just hate eBTC saying it's trash, has no value and a scam. I couldn't care less because my Technical Analysis shows that sentiment drives prices. To this end, eBTC seems to be putting in a rounding bottom pattern and is more than 2/3 complete. This means that the the remaining 1/3 could be involved in price rising to as high as $0.60. From there, forward discernment says that a handle pattern could be put in to generate a cup & handle bullish pattern.
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BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Can you check on Bat for me?
Thanks for the clarity. I almost sold low and remembered your saying "be greedy when others are fearful". I am very glad for that. Thanks for the update!
I wish you MASSIVE profits!
Interesting that your TA yet again shows a bullish coin.
I am curios if you can show me on a chart that a company is dying. That it will go bankrupt.
Can you read something like that off a chart?
My daily chart for BTC was NOT bullish.
I am not talking short term. Long term all your charts look bullish. And sometimes some corrections.
In your 15+ years as a TA you have encountered companies that went bankrupt, right? So the correction on their chart was the final correction. NO up-tread afterwards.
Can you show such a chart? Just TA. No fundamental analysis. Can you figure that out just from TA?
With a publicly traded company, quarterly disclosures generally drive the sentiment that's reflected in the stock chart. That would then drive a massive correction down to zero when the business fundamentals dictate failure of the company. A good example to look at would be Circuit City. They started talking about cost cutting measures in 2007 and eventually filled for bankruptcy in Nov of 2008. The thing that stands out to me is the correlation between sinking price with higher volumes from 2007 through the drop to near zero in Dec 2008.
With cryptos, you wouldn't see the same level of public disclosures. Once the rumor mill started talking about coin failure, you'd see a high level of panic and a compressed cycle of selling / price drop leading to zero.
They are bullish because he is recommending coins that will go UP (hence bullish)
Duh :-p
Great question. I've been wondering the same. I doubt if it's possible with pure TA. But I'm not the veteran here.
I don't know what ebtc is
It's the complete definition of a bubble!
Thanks man! Much appreciated :)
It doesn’t matter if a coin has future and fundamentals and it doesn’t matter the technical analysis chart when the dev run away... the ebtc community is on it’s worst moment. They are totally alone
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