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Ethereum Classic / Bitcoin
Long

ETCBTC - 4H E2E and Beyond

By philipdinu
Updated
ETC has broken through the 4HA MA cloud with high volatility which is a good indication price will move up and touch the FAMA green edge. I am entering long positions on the good 4H momentum candle and on the daily white doji.

Trade active
Opening positions on the 4H momentum move into the MA cloud.
Trade active
4H MA cloud view:

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Trade active
Price progressing through cloud:

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Trade active
Price has completed the 4H edge to edge play and has dipped back below the MA cloud. Ehlers' sentiment is bearish.

Due to price action I am leaving my trades open. I will be looking to close positions if we get a dip below the support diag.

I have added a target which has been taken from the daily FAMA.

snapshot
Trade closed: target reached
+47%. Target hit overnight with high volatility causing some of my positions to be filled. Some are still some open positions with a trailing stop currently set at break even.

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