As the chart shows, we have an explosive bearish trend in the making here. Already active and valid, but will escalate badly once we break the lowest swing low in the chart here. I'd reccomend to stay away from $ETC overall, as I have been doing for a long time, since returns form it have typically lagged the returns of $ETH, due to fundamentals mainly, but also the positioning of so many traders who hoped for the next big thing courtesy of their Messiah, Barry Shillbert...Well, Barry sure appreciated your support all this time as he dumped on you. This coin has no developers, no future, and a bearish chart.
Hopefully people sell it or at least reconsider their positions' weight.
Best of luck,
Ivan Labrie.
Hopefully people sell it or at least reconsider their positions' weight.
Best of luck,
Ivan Labrie.
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Waiting for buying to be absorbed before entering short here. Technical traders started buying BTC but I believe longer term smart money is selling. They will either sell into their buying here for a sideways move during a few days, or let them buy and short again higher. If price erases last week's range, then buyers won.
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People are drawing this big triangle thing and expecting this but, I doubt the market will please them:
s3.amazonaws.com/tra...shots/4/4a0ss4Nu.png
I set an alarm and a couple price alerts to wait for a while to reenter shorts.
s3.amazonaws.com/tra...shots/4/4a0ss4Nu.png
I set an alarm and a couple price alerts to wait for a while to reenter shorts.
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-talking about BTC, I believe alts are just tracking it now.-
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Should start accelerating.
Should start accelerating.
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Covered here, I'd wait in cash, overall trend is down longer term but can be volatile. Just, whatever you do, don't go buying shitcoins.
Covered here, I'd wait in cash, overall trend is down longer term but can be volatile. Just, whatever you do, don't go buying shitcoins.
