BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
Dear Cryptotraders,
I would like to present You my period in short statement. You may wonder why only short? Kind of phase We need to pass through, slow, less and less volatile to dull everybody so They could develop Their buisness with astonishing comeback as proove of perversities presence in this system.
This is my second short setup on ETC/USD pair, I stated under comments that ETC could go 10USD. Of course not so fast! :) There We would miss perfect oppotunities to play on 30-40% long bounces before !
Media are laughing at people that are holding fiat cash. Because companies are afraid people would short 'Em All ! Like some smart fellas in 2008.
My previous analysis:

Comment: "They" are all market manipulators :)
Trade closed manually: downtrend has eased, it is good time to pull out the short and look forward.
Trade closed: target reached
Now that's a good chart.
+2 Reply
pinfkloyd elitebagholder
@elitebagholder, Thanks for appreciation.
@pinfkloyd, Good work, you nailed it, are you bullish on ETC long term?
pinfkloyd elitebagholder
@elitebagholder, @elitebagholder, Not really, ETC brags pretty much about their transactions ratio which has nothing to say in practice.And I would stay away of "reliable" blockchain technology that came out by exploiting main Ethereum chain. I don't know if hack was real but this whole drama is about scam progression that I am aware of. This kind of coins are good for gambling and I don't put in doubt performance of this buisness, but I would never set up ETC for long term investment at all. If You're asking me about examples that I could suggest You to pick on long term ... well there are wonderful technologies like XEM,STRAT,GNT with original blockchain structure that have no derivatives in code, and are not so shady also.
+1 Reply
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