I am keeping a close eye on ETC both versus $BTC and USD(t) I feel with its recent addition to coinbase, any rally in the broader markets will propel ETC to being one of the top performers. Also seeing a slight increase in twitter/reddit activity on this name.....
they are both sitting right near pretty decent support areas. I am focused more on the ETC/BTC chart but I am seeing both as offering a decent technical view.
/BTC i would be looking for an entry as close to 1800 while playing the breakout from the down-trending line.
Areas to watch for me are 2000 and 2330 while risking about 7 % on the downside with a stop at 1675
/USD(t) is a little trickier with the risk:reward, more specifically on the downside/stop price. 11.50 seems like good support area, and would be looking to get an entry as close to that as possible. On the downside, having a stop loss below the lowest low would make the R:R ratio too imbalanced for my liking, and even moving it to 10.40 would be 9%.
I feel my upside targets are somewhat conservative, so I am willing to stretch the R:R a little bit to what i am usually looking for; and not necessarily selling at those prices, but re-evaluating its strength.
Of course, this is predicated on what BTC itself does.
they are both sitting right near pretty decent support areas. I am focused more on the ETC/BTC chart but I am seeing both as offering a decent technical view.
/BTC i would be looking for an entry as close to 1800 while playing the breakout from the down-trending line.
Areas to watch for me are 2000 and 2330 while risking about 7 % on the downside with a stop at 1675
/USD(t) is a little trickier with the risk:reward, more specifically on the downside/stop price. 11.50 seems like good support area, and would be looking to get an entry as close to that as possible. On the downside, having a stop loss below the lowest low would make the R:R ratio too imbalanced for my liking, and even moving it to 10.40 would be 9%.
I feel my upside targets are somewhat conservative, so I am willing to stretch the R:R a little bit to what i am usually looking for; and not necessarily selling at those prices, but re-evaluating its strength.
Of course, this is predicated on what BTC itself does.