CLO fork doesn't have the expected effect on ETC… What's next?
For some reasons, seems like Callisto (CLO) imminent fork/pseudo-airdrop didn't pump the Ethereum Classic (ETC) as I initially expected. Opposite, actually.
Somehow, this is totally biassed since currently, no crypto-currency/token seems to be able to live really independently from Bitcoin (XBT/BTC), which invalidates any kind of fundamental analysis that is not based on XBT.
I am still buying ETC now. No solid TA behind it (I'm far from mastering TA tricks), but mostly my feelings. Plus, it seems there is still a strong support at ~EUR22, forming a tunnel with a resistance at ~EUR27.
So, I'll take the CLO, then I'll probably hold for a while and see what happen with that tunnel. Yes I know, pretty amateurish...
Somehow, this is totally biassed since currently, no crypto-currency/token seems to be able to live really independently from Bitcoin (XBT/BTC), which invalidates any kind of fundamental analysis that is not based on XBT.
I am still buying ETC now. No solid TA behind it (I'm far from mastering TA tricks), but mostly my feelings. Plus, it seems there is still a strong support at ~EUR22, forming a tunnel with a resistance at ~EUR27.
So, I'll take the CLO, then I'll probably hold for a while and see what happen with that tunnel. Yes I know, pretty amateurish...
Comment:
(I am actually not buying "right now"… I'll wait a few hours, until we get closer to #5,500,000, since we are still clearly on a downhill )
