Nidalas
Long

ETC crossroad, the underdog with sharp teeth ?

KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar
ETC is having it's protocol upgrade / fork today, in approx 7 hours ( google             ECIP2017 for more info). The purpose of this fork is NOT a new coin (which is why we may see a very short flash crash), but a scarification and mining cap of ETC. I believe a good part is already priced in, but we have potential for further up in the next quarter

Fundamentally speaking, potential is here. ETC has a dedicated team, and is learning from ETH's professionalism, while having a lot more room to grow. Overall, ETCETH             chart is showing signs of reversal (see next update for chart). It is aimed at a different market than ETH, and while the target for etc is actually half of eth's, the signs of reversal of ETCETH             is telling me we might see a XRP / XLM             rerun with the same decoupling of a sister coins. More or less a "half or quintuple your profits". Which is why I and some of my clients have been diversifying into ETC.

In the short term, the dollar value will directly depend on BTC's behavior, especially to futures and new year's sellout (book gains on new fiscal year), as it is directly in the middle of the channel, and accumulating above resistance. I expect the move to be sharp, but I am in since quite some time, and if you follow my other ideas, added ETC on dip after banking on ETH and then vice versa (trading ETCETH             ), which allowed me to almost double my overall crypto position, split in both without adding any new fiat.
Risk reward is amazing in both BTC             and USD value

If you have no position, try adding **slowly** around now, as the buying opportunity has passed and with a stop loss to not hold bags. I expect to see a rerun of my XMR analysis

Stay frosty
Comment: ETCETH
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Comment: Talk about a late bloomer

Next target 0.0053 / around 100$
Comment: Targets unchanged, fundamentals not changed... However, delay might change (later than thought, up to march instead of february) depending on the next days. Expect huge fomo or dump, middle ground is less likely. I still favor bull run short term, and long term. Think of all the people that got impatient with siacoin's sideways and accumulation around 40 sats.

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Comment: H&S invalidated, price held superbly, even in the worst BTC dumps

ETC is finally ripe. Expect a strong move very soon

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Comment: Note that ETC/USD also has everything ready, with all indicators reset and ready for a new bull, a triple bottom on last all-time-high, with stronger and stronger rejections (higher highs), as well as a daily ichimoku cloud caught up, but rejecting the piercing several times despite BTC's dumps and the overall cryptocurrency market correction.
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Comment: ETCBTC at its 4th try of piercing 0.0033 btc. For now so far so good. But the real test comes at 0.0038. This is to be a very, very, very hard resistance for ETC. I expect it to smash on it, and retest 0.0032 at least once. Bullish scenario, it pierces directly to 0.0044-0.0048, and comes back to test 0.0038.

If both hold (and especially 0.0033), we will see the true movement of ETC.
Trade closed: target reached: Short term and swing trade closed at 0.00384

Invest and half of the swing stack left
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