BTCBanker1

Ethereum Classic awakening, breaking out

Long
BITTREX:ETCBTC   Ethereum Classic / Bitcoin
BITTREX:ETCBTC is now breaking out of what could be termed a loose triangle pattern that was formed as ETCUSD consolidated between November and January during an accumulation phase that occurred just above above its long-term support line. At the same time it is moving back above its 200 day moving average. If we make it above .0033 (confirming the double bottom ), I wholly expect ETCBTC to make another run to at least 0.007.

Disclosure: I am long BITTREX:ETCBTC

Comments

WE GOT MOVEMENT, BABY!!!
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Short term targets:
(1) 0.00366
(2) 0.00479
(3) 0.00568

Longer term targets:
(4) 0.00658
(5) 0.00786
(6) 0.00952 (last all time high)

Credit goes to Alanmasters
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BTCBanker1 Floodrod
@Floodrod, thanks for the targets. I've never looked at stuff published by @alanmasters before. I try to stick to my own analysis, otherwise I introduce bias into my trading.
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