MaximBar

ETCBTC - update: few days of downfall for algos to re-buy?

BINANCE:ETCBTC   Ethereum Classic / Bitcoin
Here is my current view on ETC/ BTC pair.

As it looks now, algos are trying to re-buy are 0.681 fib after we had a few days of a strong selling pressure.
If we bounce off of that 0.681 fib, we may expect and upward movement to a 1:1 extention target 0.004900.
You may also chose to stick to our original more conservative target of 0.004000

Good luck!

***
this info is for educational purposes only, please consider DYOR.

Thank you all!
Comment: I have couple of cons speaking against the trade though
- Bittrex announced that they are not going to support the airdrop for all ETC holders
- we have got a double top (pivot of wave 5 and B) - a bearish sign.
Trade closed manually

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