Should you sell your ETC right now?
Updated
Hi guys!
Everyone is wondering where is ETC heading so i created this TA basen on fractals.
Fractals are similar patterns. They tend to repeat.
What it tells us? Look at the chart. We have very similar pattern which is creating right now.
Previously we hit the bottom twice, and i think we are going to repeat it shortly.
If so, we will hit the bottom at around 0,0022 BTC and then hopefully start to go up.
It may take a month to reach 0,004. But if you bought at 0,003-0,0035 BTC because of Callisto airdrop
you may still earn. Of course if i'm right.
Overall we have broken the trendline, and the situation may change rapidly. Watch the Bitcoin.
If our bottom at 0,0022 will break, we can expect further downtrend. First minor support will be at 0,0018.
Major support line should be at 0,0013.
Anyway - look at the chart, everything is explained.
So trade with caution and please remember - this information is not a recommendation to start a long position.
It's for educational purposes only.
Share with me your thoughts please :)
Thanks!
Everyone is wondering where is ETC heading so i created this TA basen on fractals.
Fractals are similar patterns. They tend to repeat.
What it tells us? Look at the chart. We have very similar pattern which is creating right now.
Previously we hit the bottom twice, and i think we are going to repeat it shortly.
If so, we will hit the bottom at around 0,0022 BTC and then hopefully start to go up.
It may take a month to reach 0,004. But if you bought at 0,003-0,0035 BTC because of Callisto airdrop
you may still earn. Of course if i'm right.
Overall we have broken the trendline, and the situation may change rapidly. Watch the Bitcoin.
If our bottom at 0,0022 will break, we can expect further downtrend. First minor support will be at 0,0018.
Major support line should be at 0,0013.
Anyway - look at the chart, everything is explained.
So trade with caution and please remember - this information is not a recommendation to start a long position.
It's for educational purposes only.
Share with me your thoughts please :)
Thanks!
Note
So, as i predicted, we hit our bootom/support at ~0,0022.Are we bouncing or falling down?
On a daily chart we can see an inverted hammer pattern that is creating.
We must wait for close this candle to confirm. If we close above the support, we may go higher.
But trade with caution, because we don't know where bitcoin is going. Tight stop-loss highly recommended. If we break this support line we can expect further downtrend to at least 0,0018BTC
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