Short
Bearish Divergence and potentially Bearish fundamentals for ETP
Updated
BITFINEX:ETPBTC displaying bearish RSI divergence up here after the massive run it had this summer. TD counts on weekly and daily RED (bearish).
Suspect this ticker was used for capital fleeing for Chinese (this is a Chinese ICO) this summer and explains the massive PUMP while everything else dumped.
Finex (where massive volume was occuring) is putting in big withdrawl FEES for those that withdrawl big amounts and/or frequently from their exchange (via fiat).
Interesting to see what this does to BITFINEX:ETPBTC
If you take the short keep some stops in place to protect ya self.
Suspect this ticker was used for capital fleeing for Chinese (this is a Chinese ICO) this summer and explains the massive PUMP while everything else dumped.
Finex (where massive volume was occuring) is putting in big withdrawl FEES for those that withdrawl big amounts and/or frequently from their exchange (via fiat).
Interesting to see what this does to BITFINEX:ETPBTC
If you take the short keep some stops in place to protect ya self.
Note
this thing somehow held up during big BTC sell-off...wouldn't short it now.Order cancelled
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