ETCBTC when will hit the bottom?

4 במרץ 2018

As I have indicated in comment on previous ETC idea, we have seen retest of pink uptrend channel. (I had to redo my charts, thanks TV), so now is trendline pink. Previous support is now resistance and ETC continue to fall into big black hole. And here is the positive part, it will not take long and we will hit bottom (probably:)). On the chart you can see three support lines, we had bounce from the first one and will retest it soon. If you would like, you can buy some ETC on this level, but it is highly possible that we will fall thru this time. As next there is second black line, which I indicated as support line on my previous chart, but as I had to re-do the chart, it came to me that we might see retest of blue line, since it is not far away. This time I would very much like to see touch of the blue line and reverse to upside, that would be best possible proof of trend change.

We will have the fork tomorrow, which might give ETC boost, therefore if we will see double bottom on previous support line, that might be good signal, however, there were some news about calisto will be not listed on bittrex for now, therefore this fall may be tricky.

So in short, keep eyes on the ETC for next couple of hours. If all support levels should be broken, I will have to redo my chart one more time:)

Stay positive.
M.

5 במרץ 2018

הערה

Almost there. Second black line reached. We have small bounce from there, but seems like nothing major. In couple hours we should reach blue trendline and then will the fun begin. (up or down, but fun either way).

M.

5 במרץ 2018

הערה

FYI that red candle between two black lines was when fork happened. Not much, I honestly expected something bigger. Lets see how ETC will react now, roughly 2 hours after.

M.

6 במרץ 2018

הערה

Almost there. ETC did not really touch the support line, so I am expecting contact soon. Right now sales volume is dropping, which is good signal. Lets see how it will react after contact.

M.