Greenhill
Long

ETC Bullish trend Forming! support thick ! Opening Long!

POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
1900 6 40
7 months ago
The first ETC trade was an excellent opportunity where we got the very bottom, this trade is essentially the same where we are hopefully catching the bottom here.
Due to less volume all round we cant expect explosive uptrend like the last one, Due to finex breach volume 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

Support 28000

resistance 38000

stop 26000

Good luck all with your trades, i will be updating daily as long as i have the trade open
7 months ago
Trade active: Support is steady, starting to look more bullish, volume is better than its been over the downtrend.

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.
7 months ago
Trade active: Took some profits at 3470...

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..
7 months ago
Trade active: when i sold that 35% of the position i was not sure if it was the right place to take profits but it seems like it was a good decision now .

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

Resistance 35000-36000

i expect for us to come good over the next 24 hours.. should be testing the resistance shortly after that.
7 months ago
Trade active: Classy almost had a double bottom but support was strong at 2900 level..

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

Resistance- 3500

2800-2900 is a good buy. i expect a few more days at this level before we see a major move up..
7 months ago
Trade closed manually: I got at at 29000 once that broke.. small profits as we so a chunk at the top but not a good trade should have got at fully at 35000 resistance

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.
Galvin
7 months ago
First big dump could be sign of continuation down. Which would suck after being in a falling wedge for a week.
Reply
rolzamaq
7 months ago
are you on skyp mr
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Galvin
7 months ago
I don't think the price is going to go much higher. There's no real power here this time.
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Galvin
7 months ago
This is a slow bleed of doom so far
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Galvin
7 months ago
I got out of etc. If it shows a bottom on a much larger time frame, weeks from now maybe. Like what lisk did, that would be a good buy when it'll trend up. Think big money wants cheap etc may take weeks if not months to get real low again.
Reply
mc
7 months ago
10 minutes have passed
Reply
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