Ethereum Classic - ETC the retracement before the 400% gain

Hello,

ETC is having a fork in March, so that + the normal ETC cycle will push the price to the moon. Maybe even a new ATH.
However, before the moon we might touch the ground one last time.

I'm expecting ETC to fall down with the upcoming BTC retracement. Then after touching the previous support, a rally will start towards previous highs.

~DCFreak

Comment:

Its an airdrop rather than a fork.
Thanks to llashmore1967 for reminding me.

Comment:

The drop is based on the fact that BTC might drop one more time this week before going on a new cycle.
If BTC holds strong (sideways or uptrend) then ignore the first red arrow. Meaning if BTC doesn't correct, ETC won't.

The rise is coming regardless of Bitcoin's situation thou.

Comment:

Here is why its very possible for BTC to drop again this week:

The MACD is right at a critical point which determines everything. This is a 1 week candle chart, so we will find out what will happen next when the candle closes.

Comment:

Guys remember this trade isn't valid till I make it active.

I'm watching BTC closely, and we are at a critical point right now. Based on how this goes in the next couple of hours, we will see what will happen with all alts.

Comment:

When ETH was 50$ ETC reached 3$ (0.06%)
When ETH was 100$ ETC reached 7$ (0.07%)
When ETH was 387$ ETC reached 22$ (0.056%)
Taking the avg of the 3 percentages (0.06+0.07+0.056)/3 = 0.062%

So now that ETH reached 1400+$ we can say that ETC will be 0.062% of that, which is 82$

82$ would be 0.0082 Satoshi if BTC is priced at 10k at the time. Looking at the ETC/BTC chart and placing Fibonacci levels, we can see that 0.0082 is a 78.6% line so this is very probable. Trade at your own risk.

Comment:

almost 100% so far.

Trade closed: target reached:

around 100% not what I expected, but can't complain.