SamHuynh
Long

ETC-USD bull is back after the correction

POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
we are forming ascending triangle and will break out to new high
Lot of people are in bearish sentiment because of bitcoin . However, I am not. I m seeing strong bulls coming
the previous dump dates are just corrections after rallies
you should read my other posts to feel general bulls from other coins .

In addition, look at that ugly invert hammer doji . At first, we thought it was a bulltrap. However if we analyze it carefully, it is just a pre-pump test to see how strong upper resistance is. If it is bulltrap, next few candles should be red and we will deep further :)

A break of 0.002681 will further confirm the BULL

I strongly believe that next alt season is coming.

P.S this is not financial advise, trade with your own risk :)
Comment: as always , we can't ignore bear scene, a break below lower diagonal line of triangle will make us to stay alerted
Comment: price breaks down on ETC-BTC but no significant follow = just sideway. Bear momentum indicator has decreased too. The LONG is still on track
Comment: break 17$ is the bull confirmation.
Comment: up scene: break 17$
bear scene: down below 15.6$. Target : 14-14.6$
we are currently in sideway between the 2 blue lines. if we follow the same fractal like in the chart, we should move up. However, we can't exclude the bear scene.
It seems to me that we are trying to end the weekly candle. So this sideway should last until sunday , then next weekly candle will start action

Comment:
Comment: the thing I don't like about ETC is that it usually is the last one to pump T__T. It will make you to see other alts pumping but it won't. Then it will start rising as a lonely soldier while others are in red , reach new Top, then dump like others. Honestly, it is an effective way to get attention but I don't like how this etc's market maker control his chart.
Comment: we need to break out of 17$ to confirm strong bull. Still in sideway range .
Comment: am i right about the part " it won't rise while other alts are pumping" ? this is why i hate ETC's market maker so much.
Comment: let's see if ETC follows the same the circled fractal. this time, volume is stronger
Comment: look at what ETC's market maker is doing to ETC-BTC. His old trick keeps repeating again and again. Try to dump before the rally T___T ><
Comment: ETC-BTC is testing my patience again as last time >>><<<. This is really painful
Comment: as I said many times, this coin won't move during others' bull runs :)
Comment: break its uptrend line. This is a very BAD sign. In its previous rally (last week), it has respected its uptrend line until the rally ended
Comment: back to uptrend line . That's good
Comment: ETC is waiting for me to call it as a SHITCOIN before going up
"ETC is a shit coin"
Comment: hey ETC, when will you(lazy ass ***) move ? :)

we are still in tight equilibrium stage on daily chart. A break up or down will be intense.
Comment: ETC is following btc now. This is really scary because btc should have correction during this weekend. I am seeing Head and shoulder forming on ETC-USD. ETH-usd also has head and shoulder and already moves below the neckline. This doesn't feel like a bull is coming at all. Stay alert and set ur stop tightly to get out if the symmetric triangle is broken. I am seeing sell signal for ETC-usd on 1 day chart too (of course i don't trust much into indicator signal buy/sell :) )
Comment: watch out for breaking up or down. I am leaning more on breaking down now because ETH-USD has already done that
Comment: this is just a possible path. We actually are just at Wave B of the correction and start going to do wave C (just like ETC-BTC chart)
Comment: i hope everyone has gotten out on time :). Seem like we are really doing wave C correction now
Trade closed manually: not in uptrend anymore. So I close this post

Comments

ETC is one of the best coins out there. It will surely go up a lot once the bull run resumes, just give it bit more time:)
Reply
SamHuynh Exess17
@Exess17, I don't mean it won't rise. I only mean that it won't rise while others are rising. If you observe carefully, you will notice that. I think ETC market maker intentionally does that ><
Reply
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