We are en route to my Buy Zone (green box) before a retrace to my Sell Zone (red box). Feel free to short from here. Keep your margin small and trade safe! Have fun guys!
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FYI, it's probably gonna get a small retrace once it hits 2.5 to 2.6 before actually going further down. Be patient.
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Everything is right on track. As anticipated, a retrace around 2.5 to 2.6, major support line there... but it won't hold. We are definitely gonna punch through those walls. Be patient guys!
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Pay no heed to the time frame. This is a short-term trade, not scalping. What we want is a good risk reward ratio trade for our investment that we can sink our teeth in. When it dives to the Buy Zone in 1-2 days, we will be ready buyers to buy the dip. Then we will then long right up to the Sell Zone for maximum gains. I don't usually share my surefire trades but I am doing it this one time to help promote the ETC Trading slack at ethereumclassic.slack.com. So good people, set your targets and wait for the kill.
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As predicted, price is moving closer to our buy zone. Expect a small retrace when it reaches 2.40 but it does not matter, price will eventually descend to where our buy orders are.
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The lowest it got to was 2.44, very close to our buy orders at 2.40. We should now be heading to retest ATH at 3.0. I expect to see a huge dive right after that so ETC bagholders, be extremely cautious. The chances of price crossing ATH is less than 10%. Keep in mind that the alt bubble is about to burst and ETC is not exempted despite the promising Grayscale fund. Good luck and trade safe!
@cardan6006, if you are not holding any, buy the dip. I expect to see a big plunge soon. For ETC bagholders, it is not a bad idea to take some profits off the table as price approaches the sell zone.
cardan6006
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I sold everything on the price of 2.57, there was a hope to buy on 2.4, but now I agree that I did the right thing. Are you still waiting for 2.4?
cryptoezvip
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Barry Silbert just announced that his ETC Public Index is ready to go live.. Should we expect the price to soar now? Of course not! In fact, I anticipated Barry before charting my targets and thus, the red box sell zone! Truth is, the index is "ready" but not yet live. So price will continue to sink to my buy zone as people are aware of the imminent Dao hacker refund thread. I will see you guys down at the BUY ZONE guys!