I am not really bullish about the market right now but if I had to choose between ETC and ETH long positions, I'd go for ETC.
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I think now might be ETC's chance. We have a little iH&S on the daily. If BTC holds, ETC might do its thing.
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I think ETC should hold ~31.5. Even a 4h close below that will make me start feeling bad about this. Channel test is another possibility of course but I think there is a good chance that will fail. And if it fails, ETC will be as bad as ETH for me. Even worse maybe.
Trade active:
Longed ETC at 31.5. Hopefully I can get a good scalp at least.
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Straight to the channel lol. It's dangerous.
Trade closed manually:
This is still some kind of bull flag but i'm very skeptical about it. Sell pressure was too much. I'll be just watching for now.
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A dump deep into the channel and a retest will make this 100% invalid.
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It has to reclaim the range soon.
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Just longed ETC @28.9. It's just a hopium long with tight stop loss. Let's see if I got any luck with ETC this time lol.
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Nope, got out break-even because i didn't like btc's ltf structure.
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This was the worst idea I've ever published :D I wasn't bullish on it anyway. I was just comparing the structure with ETH. Turns out ETC was worse, probably :D
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I'm not saying it has no chance from here but it certainly looks bad.
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It's way below the trend line now. Unfortunately this is the most likely scenario from here: