If it were me, I would wait for a close above the triangle, and then for a retracement to test it as support. BTC is in a bad place right now. If BTC closes below 8821, then altcoins such as ETC will likely join it as it plummets lower. But hey, you are free to do what you want.
cryptjdaily
⋅
any update on thoughts on current price? Thanks in advance
ETC is getting incredibly tight. Pretty crazy to see it get so close to the apex before breaking! I think it just needs some volume.
cmschlch
⋅
@MastaOfDisasta, I'm waiting for a breakout in the one or the other direction since this chart was posted...but the market seems to be indecisive.
MikeMoh
⋅
@cmschlch, in fact it seems like we did break out bullish , but the volume is really low as mentioned by @MastaOfDisasta . but i am not giving up on this trade, my SL will be a close below 2217 which is a good support area. as for profit , i will let this trade run long enouhg, etc has a lot of room to grow.
Victorwu88
⋅
@MikeMoh, it should have a lot of room to grow, but it's always letting us down! already hodl ETC for half a year, but didn't get any profits yet!
MikeMoh
⋅
@Victorwu88, anything that you would hodl half a year ago is now in a LOSS. the market cap is almost 50% down since then. so this is normal, you have to learn to take profit , if you wanna hodl then you should stop looking at the prices everyday, just come back in 2-3 years time, but if you wanna trade then you should have a Stop loss and you wouldn't be in such a loss. for now just sit back and relax, a few more months and you will be in green again.