$ETCBTC Bullish Reversal - $ETC
I've recently found that 4H RSI forms a nice reversal signal when the market's in a bearish movement.
The RSI resistance line is as seen on as a purple horizontal line with the main areas of reversal denoted with a purple arrow.
This combined with the "CM_Williams_Vix_Fix Finds Market Bottoms" indicator (Which claims to find bottoms across various asset classes, coincides nicely(turns green) whenever we're primed for a reversal in
ETCBTC) proved to be an accurate combination for finding market bottoms.
You can find out more about the indicator here(click it):
ETCBTC has retraced 0.382 on the fib levels, and should this level hold, we should see a nice bump upwards in the short term for ETCBTC, this is the LIKELY movement at this point in time.
In the event this is accompanied by an appreciatingBTCUSD price, we should see ETCUSD do a spectacular rise.
The RSI resistance line is as seen on as a purple horizontal line with the main areas of reversal denoted with a purple arrow.
This combined with the "CM_Williams_Vix_Fix Finds Market Bottoms" indicator (Which claims to find bottoms across various asset classes, coincides nicely(turns green) whenever we're primed for a reversal in
ETCBTC) proved to be an accurate combination for finding market bottoms. You can find out more about the indicator here(click it):
ETCBTC has retraced 0.382 on the fib levels, and should this level hold, we should see a nice bump upwards in the short term for ETCBTC, this is the LIKELY movement at this point in time. In the event this is accompanied by an appreciating
BTCUSD price, we should see ETCUSD do a spectacular rise. Disclaimer
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