Dear followers,
I have abandoned the inverse h&s idea as I can't see any hope in BTC at this moment.
It is likely that BTC will drop down to $5850 again or even $2740 before the end of April before the whole market is reversed. Therefore, I would expect ETC to drop and hence why I would expect ETC to follow the ABCD pattern. This means ETC could drop down to as low as $8. I would set up a SL at just below the support $20.Or even open a short position.
Please note this is not a financial advice.
I have abandoned the inverse h&s idea as I can't see any hope in BTC at this moment.
It is likely that BTC will drop down to $5850 again or even $2740 before the end of April before the whole market is reversed. Therefore, I would expect ETC to drop and hence why I would expect ETC to follow the ABCD pattern. This means ETC could drop down to as low as $8. I would set up a SL at just below the support $20.Or even open a short position.
Please note this is not a financial advice.
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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.