Lots of news is dropping for ETC. new monetary policy, etc summit, new developers, many others.
I am looking at etc as a solid long term long -- however, this idea is to track a short term ish trade -- possibly 12 hours.
I am looking at etc as a solid long term long -- however, this idea is to track a short term ish trade -- possibly 12 hours.
Trade active:
I sold out as we broke the red line. Im buying back in as it looks like we are going to continue into this bullish trend heading into the monetary policy changes, etc summit, and also in light of btc - bch - btg - no segwit2x. I'm looking for something to hold through this madness and this timing is perfect.
Comment:
all in
Comment:
Wish I could update this chart and zoom out.
moon time
moon time
Comment:
Still long. I think things are about to get really crazy here. Might see a very quick 2x, followed by potentially even more. STRAP IN!!
My estimate for the price when the news is fully priced in is around 350-360k satoshi.
Post bitcoin hard-fork may create precendent for etc to become the dominant eth chain. Time will tell.
For now, I think we should hold the bottom of the green trend-line for the short term. Likely we will see dips, looking around the 175k - 180k mark.