POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
3 months ago
POLONIEX:ETCBTC             was born making a correction as usual in the most of the coins, it means the bull market is next, so patience, we need some sideways before rallying. Fundamentals: BTC will stay sideways before the last rally, ending finally in an important retracement. In the meanwhile ETC is strengthening its roots by the fast growing hashrate (strong mining farms joined), dev team and the community growth, also the fact ETC is born to ensure the blockchain principles must be unalterable.

Although there is a strong support at 0.0026, price could be threatened by wicked hands, so it is the only reason why etc would retest the bottom at 0.0003 (less probable for me), there is not any other factor to that.

My position: I am long but I play spot market for now.
3 months ago
Comment: Why sideways for now?: well there is some uncertainty about the coins stolen, this coins will be defrosted at early september, so it is expected those coins are moved, or not. We will see.
3 months ago
Comment:
snapshot

Related Ideas

dalistar
3 months ago
what point you depend on to make your trend ?? down trend only two points ?
Reply
oldstout
3 months ago
What now? any update/new chart? might be double bottom now (look at my chart)
Reply
Ingemkts oldstout
3 months ago
Hi, sorry for the delay, I think if ETC overpasses this range downwards it will go lower to 0.0018 maybe
Reply
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