ETH HUGE BULLISH DIVERGENCE

in #steemit7 years ago

Ethereus HUGE SIGNAL


Huge bullish divergence in the ETH's RSI.

Check out the main trend line and how the signals converse with the levels.
Hopefully a huge new run is about to start.

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Nice analysis...Positive divergence is one of the most powerful indicators in trading. I haven’t looked at Ethereum in a while, you post has forced me to take a closer look now.

thanks for the compliment. Hopefully most alts will take off soon.
Most of them have several bullish divergences.
I'm thinking BTC will make a triple bottom to wash out the last weak positions and then will start the next massive bull run.

These corrections are awful slow and awful painful to watch play out. In the next 24-48 months, all the ETF, mutual funds, stocks and bonds will be tokenized and put on a blockchain application and trade 24/7 just like crypto. There is one project that is planning on charging a normal $4.95 to buy or sell a position, which removes another layer of friction.

By mid 2019 there will be a first US approved crypto centric ETF in operation. The flood of money is coming when an easy and inexpensive way for both a regular individual and/or a wealthy investor can buy without the complications of buying bitcoin first and then moving to an exchange to buy alt coins and then holding them in any of dozens of wallets. I'm hoping we start to see a reduction in the massive amount of volatility.