EPBTC - Fibonacci Retracement and Bullish Divergence
It has undoubtedly been a rough time for altcoin markets.
This BTCUSD 1.18% rally has left many at ATL levels, with traders wondering whether some of these will ever make a comeback.
As BTC cools off, we're starting to see some tentative signs of life from the altcoin markets.
Fibonacci retracement levels holding, bullish divergences on oscillators, and more.
Are we finally finding a floor with altcoins? Perhaps, but it is brave (if not foolhardy) to make such predictions before the B2X 0.50% fork is complete.
Here's one such example: ETP -1.83% respecting a Fibonacci retracement level and showing a bullish divergence .
The blue lines represent the Fibonacci retracement levels, while the green are targets set up using the Fibonacci extension tool.
This BTCUSD 1.18% rally has left many at ATL levels, with traders wondering whether some of these will ever make a comeback.
As BTC cools off, we're starting to see some tentative signs of life from the altcoin markets.
Fibonacci retracement levels holding, bullish divergences on oscillators, and more.
Are we finally finding a floor with altcoins? Perhaps, but it is brave (if not foolhardy) to make such predictions before the B2X 0.50% fork is complete.
Here's one such example: ETP -1.83% respecting a Fibonacci retracement level and showing a bullish divergence .
The blue lines represent the Fibonacci retracement levels, while the green are targets set up using the Fibonacci extension tool.
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