Due to less all round we cant expect explosive uptrend like the last one, Due to finex breach is down across all exchanges in general apart from china which is speculative due 0 fees across Chinese exchanges.
We are now ready to move up again, there was another round of distribution, more importantly support has established at 35000-380000 level.
I expect ETC to start a slow climb up once 330000 is broken with 38000-40000 the first major level of Resistance.
position opened 2900 - 29500
Good luck all with your trades, i will be updating daily as long as i have the trade open
increased volume is bullish, current volume much higher than its greedy clone.
anything under 32000 is a good entry at this point. stop at 26000-27000 depending on your entry.
65% of position still open but 35000 had to be our pullback on the current up move.
if it goes below 33000 i will be buying back in to add to the long but it seems very unlikely.
i expect we will be moving up again..
Greedy ETH short is in profit, little bit slow.. will be looking to take profits at 1950..
i did buy back in 10% of the remaining 65% at 19200 expecting support to hold.
currently 30000 support looks very strong, no sign of it being threatened or broken, it does seem like the price is being protected here, not only from the organic market but watching the orderbook indicates someone else is supporting this price level. it seems just like eth when it was at 00.01- 0.009 & 0.0145 - 0.0135 on the first set of eth pump & dumps.. this reminds me of the same thing.. orderbook is very similar, it eventually pumped from 0.0145 to 0.0220 ...
im pulling back the stop to 28000 for now, feel confident with this trade still, plenty of support between current level to 28000.
support - 28000-30000
i expect for us to come good over the next 24 hours.. should be testing the resistance shortly after that.
still in profit since we sold a goo chunk on the first move up, with the improved base there is lots of room to get out.
selling pressure is down. we are having major distribution at this level which suggests this is will be the new major support level.
Support- 29000 - 3000
2800-2900 is a good buy. i expect a few more days at this level before we see a major move up..
have now gone in again at 27000 will open a new chart. we got a nice double bottom good entry.
check out the new chart in 10 mins
thanks for following.