Ethereum Classic / Bitcoin
Long
Updated

Ethereum Classic [ETC] Pennant

155
Yay, my EOSBTC call was right. I'm not that hyped about it, and certainly not as excited as I used to be when I first started trading back in January. I think that over time I'm becoming more and more of an emotionless trader...

I've decided to simplify my chart layout in the hopes of not confusing myself and providing a lot more clarity. I've yet to write strict trading rules for this setup but I'm sure it will be much easier. I think I found the balance between aesthetically pleasing and informative. With some very quick backtesting, I've found this setup to be quite profitable.

It looks like there's a bullish pennant forming on the hourly chart of ETCBTC.
I haven't checked the 4H chart yet but it seems as thought we'll be coming to the end of it in a couple hours so I'll be seeing the outcome pretty soon.


Novice trader, publishing for my records only. Open to critiques by professional traders.
Note
EOSBTC did end up breaking out bulling for a few hours but did not have the strength to continue. A little 1% profit.
Note
*bullish

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.