Jfoote0427

Jfoote0427

So ETC just fell below a support line I drew like 6 hours ago. Looking like a possible breakdown, especially with the FUD circulating in the news. Definitely worth a look though for a possible short.

Jfoote0427

Highlighted in the yellow circle is where I am going to be looking for action. If the purple support line holds I am definitely placing a long even if its a quick play. However if this line is broken I will ride out my short which is already in profit. Happy trading to you all! Get those gains!

Jfoote0427

So here I have drawn my own red candle down which is what I expect to happen. As always I have stops in place to protect from a bounce. I have also drawn a channel to show my target for the next bounce. Trying to play both the ups and downs. Let me know what you think.

Jfoote0427

Pretty nice bear flag forming on the one hour BTCUSD chart. Bull flag failed yesterday so we shall see if this one plays out.

Jfoote0427

From the overall trend we have been experiencing it is hard for me to see the Bullish perspective on this chart. Hopefully I'm not being to biased, but I need more confirmations for my outlook to change medium term. Let me know what you all think.