Greenhill
Long

Classic Double Bottom on Classy!! Time to buy !

POLONIEX:ETCBTC   Ethereum Classic / Bitcoin
968 6 15
after a fairly long consilidation period i think we have bottomed out here at 2650 which was the exact same spot that we bounced on the main down trend about two weeks ago. on the daily chart it does suggest strong support at 2600-2700 & a double bottom .

i opened a long position at 27200 with a stop at 25200 , im expecting a slow grind up with a lot of chop but as we get to 30000 it should get slightly more bullish .

there is lots of action with other coins which has really spread the volume thin. Even LTC             IS PUMPING , about time to.

We will be holding this trade on a longer time frame, if our stop gets hit so be it but as always we will be doing our best to improve the base price & scale in where its possible.

open 27200

target 35500-40000
taking profits in stages.

stop 25200

major support 265000

major resistance 30000

as with all altcoin trading we will be keep trading it actively & reacting to any fundamental; news from the market.

Good luck all with your Trades.
Trade active: still open ... stop at 2440 ... been scaling , got in at 24800.. base is now 2640..

wont be moving stop again , if there is another leg down could go very deep..

25000 seems to be holding for now.. RSI is rock bottom, totally exhausted.

first target 2950, will sell what i added at 24800 so will be in the original position.

good luck all.
Trade closed: stop reached: got out a while ago.

major accumulation going on at current level, 22000 is very strong support.

once the other coins have cooled down will look for a long entry below 3300
Probably best thing is don't touch this stuff till it stops dumping for at least a week. maybe 2 weeks. Its not going to get a big pump till it gets accumulated.
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target 20000?
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that didn't go too well, are you still holding some?
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kkkk
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;) I agree
ETC (19 Aug 2016)
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Thanks for the updates Greenhill! Happy trading to you!!
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