A little ugly compared to the others, but the trading algorithms are programmed to react to the same parameters.
Compare to the coins that have popped - ETC, DASH, ZEC, BCH. Even BSV.
Trading algorithms go into buying frenzy when a higher high is made.
Alt season is here.
It's about to rain gold on your heads. Put out a bucket and don't take profit early, then...
Compare to the coins that have popped - ETC, DASH, ZEC, BCH. Even BSV.
Trading algorithms go into buying frenzy when a higher high is made.
Alt season is here.
It's about to rain gold on your heads. Put out a bucket and don't take profit early, then try to short when it's "overpriced".
Buy dips when overall trend is up.
Sell rallies when overall trend is down.
#Etc_Btc
if it will be true best where for exit will be about 12600
for some days
breaking this 2 lines means end of the pattern
and neads new analysis
ETC is just on a major support line. Two options are possible. ETC could bounce on the support, break the other small resistance and go up 7 % or more. Or it could break the support and that's what stop losses are for.
Generally this divergence suggests this is the top. Here we have *just about* broken down out of an ascending wedge (a bearish pattern). This support is now turned resistance and ETC will have to either a) consolidate sideways or decline to support or b) bounce back into this wedge and close inside it to continue its rise.
However, ETC has just recently broken...
Couple of bearish indicators on the ETC/BTC signalling a short-term short?
1. Bearish div with RSI and Stoch RSI
2. RSIs are overbought
3. Ascending wedge
4. Low volume on last candle
I would place a short here with stop loss at above 141k sats.
Last exit would be 110k sats for me.
