DollarsAndSense

Classic Set up! $$ Makes Sense!

Long
BITFINEX:ETCBTC   Ethereum Classic / Bitcoin
Hey Followers

I love these technical little trades, I think so many people miss them. On ETC/ BTC , we have a double bottom formed (Circled in Blue) and a rally up through Resistance and the 50 EMA , price is now pulling back (turning resistance to support @0.00265. If we get a pullback to the level 0.00265 or the 38.2 Fibonacci retracement I will look to enter.

The aggressive entry is to buy at the level, and I am likely to take that one.

The conservative entry is looking for a bounce off the level and a Bullish Decisive bar on a shorter Time Frame (Maybe down to a 15 Minute chart), and then buy the break of the high of the bar.

Aggressive entry, bottom of pullback at .00265 level (or above)
Conservative entry close of bar over .00271 (so can buy above this price)

Stop loss for either trade 0.00263
Targets are just before the blue lines on my chart at


0.00275 Target 1
0.00295 Target 2
0.00316 Target 3


You will need to get into this one quickly when the chance arrives.

There is also the airdrop for this coin in around 24 hours so unless you want to take part in the airdrop (not my thing) i suggest we DO NOT hold this trade too long get in get out bank profit.
Trade closed: target reached: Hi Traders,

We hit target 1 on this trade then got taken out at the stop around 10 hours ago, if you cashed some profit at target 1 you probably broke even like me.

If you didnt cash any you would only be down 2%.

This is just a clear example of people selling off before the fork. EtC broke out yesterday but the fork must not interest people by looking at the volume decrease.

You may get 1 last push on this trade but I am not going to chase it for me this trade is closed and I will profit from the other oppornuties we have opened

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out