1. artificially clear shorts with a breakout pump
2. activate the attack
3. simultaneously market short (leverage+)
4. slow trickle shadow social media coverage
5. allow for the slow retail/ market to react
6. eventually close the short and then flip-long to rally the springboard
Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider:
-Top of the daily cloud
-Descending resistance trend line
-Daily pivot Resistance 1
-Descending resistance on...
ETCBTC is struggling to break above 23.6 Fib level of last drop. I expect it to pullback once again to 0.002090 and enter a small amount long trade. Initial stop loss will be set just bellow previous lowest point at 0.001965 and can be raised later. Targeting between 2.618 Fib extension from last wave from low and 61.8 Fib retrace level of last drop.
ETC/BTC low risk high reward, Shorting the market.
I'm seeing strong resistance level at 0.002841 on daily chart.
RSI looking almost overbought(ALMOST) and strong resistance
ABC waves (2 scenarios) just wait it out.
If you have different opinion feel free to share it
(Plug) Twitter: ACGAXS
This baby rolls in 3 month cycles so I'm shooting for a big push thru mid October. With Coinbase adding ETC, there will be no problem seeing 5x on this one in the next 3 month cycle. When BCC hit coinbase last year there was 5x with 25 x pumps on some exchanges, so who knows. The thing I love about crypto is the unpredictability.
Trade for fun not profit and you...
Diving straight into it, ETC looks like its trying to find its break from the overhead resistance of its descending channel. Aside from the Callisto Fork Event in February that i would consider an outlier, ETC has been trading within its descending channel for some time now.
Proceeding the large green volume candle on 12/06 from the Coinbase Announcement, ETC has...
Follow up of my previous idea
Relatively safe entry for a buy.
Totally dependant on bitcoin's movement and the direction it breaks out of this current big triangle/ Not expecting a huge bull either, just spot positioning in case we continue sideways for consolidation, rather than a panic wave with a big bitcoin dump.
Invalidated if we breakdown supports on daily...
good time to buy. If Alts decide they want to throw a Spring party we could see a nice uptrend on this one. Buy-In target at or below 0.002. gonna have to hold and accumulate this one and be Patient! I've used this one on the swing trade probably 3-4 times since May 2017 booking decent profits every time. I like to trade less risky alts even though the reward may...
As you can see on the chart, we have bullish divergences of RSI and MACD signaling a reversal and the price found a decent support around here. Having some strong resistance to beat before mooning, it still looks like we have a great entry level here.
If you zoom out to a bigger chart,you can see etc was already in a long term bull trend until the CLO airdrop...