ETCBTC: Potential Double Bottom Formation
Previously, I shared ETCBTC chart to show the similarity with the Psychology of the Market Cycle, and stated that I believed we were passing the "Disbelief" phase.
I still think the same way.
Today I realized that ETC holds strongly at 0.00198 level as it did last huge BTC drop. IF -it's a big IF- it doesn't break that support, it is quite likely that we would see a "double bottom formation". In that case, my target will be 0.00283 BTC.
Note: I'm a rookie in crypto world, but I keep reading TA books in my spare times. I have faced the "bear market" for the first time, therefore most of my previous analysis was failed. Trying to learn more everyday, and I suggest you the same.
I still think the same way.
Today I realized that ETC holds strongly at 0.00198 level as it did last huge BTC drop. IF -it's a big IF- it doesn't break that support, it is quite likely that we would see a "double bottom formation". In that case, my target will be 0.00283 BTC.
Note: I'm a rookie in crypto world, but I keep reading TA books in my spare times. I have faced the "bear market" for the first time, therefore most of my previous analysis was failed. Trying to learn more everyday, and I suggest you the same.
הפקודה בוטלה
Double bottom formation didn't complete.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.