ETC Entry

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Trav94 Canada. Sep 24 2017 10:46. Posts 1785

Hey boys (and potential women?) I'm bored. Poker is mediocre at best. But I've been having more fun (and making more money) with crypto this year.

Figured I'd start a blog posting some entries for fun (and free). So I can look back and see how they ended up. First entry is ETC (Ethereum Classic).

After making a U shape, ETC went parabolic so it had to correct sooner or later. Made basically a Head and Shoulders with the neckline along the .328 fib.

First bounce was .0032 about. But it didn't have a ton of support. Only 2 previous touches just above the .001 fib, and we fell out

We landed on MUCH stronger support at give or take .002798.

As you can see. We have A LOT more touches along the bottom part of the chart and we intersect with the .786 fib as well. I'm hoping this all stays true.

Entry at give or take .00281746 satoshis's. Stop loss like .00264213. If it falls out more, then it's still downtrending. Or some FUD fucked us or something. Stop would be all time highs. It will likely go higher than previous all time high, but whatever. Figure that out yourselves.

Good luck all traders

edit: Spotted this a bit after the touch of the trend line & fib as I don't chart ETC really, but we are still most likely to surge past all time highs so not too late for a long entry.

0 votes

Last edit: 24/09/2017 11:05

PanoRaMa United States. Sep 24 2017 23:41. Posts 1655

Curious why you chose to chart ETC specifically? I was lucky to ride it from 100k and sold at 800k sats, so I have only love for ETC but I feel like the narrative isn't looking so good right now. Beyond ETH doing well, ETC has been pretty slow with development, no one seems eager to launch ICOs on it, and there's a lot of competition in that realm with NEO/WAVES/UBQ and so forth.

I'm not too bullish on it moving forward, what do you think?

http://panorama.liquidpoker.net

drone666 Brasil. Sep 25 2017 20:26. Posts 1821

ive seen some big peopel shilling at twiiter
I guess you made a good call

Dont listen to anything I say

Trav94 Canada. Sep 26 2017 21:07. Posts 1785

On September 24 2017 22:41 PanoRaMa wrote:
Curious why you chose to chart ETC specifically? I was lucky to ride it from 100k and sold at 800k sats, so I have only love for ETC but I feel like the narrative isn't looking so good right now. Beyond ETH doing well, ETC has been pretty slow with development, no one seems eager to launch ICOs on it, and there's a lot of competition in that realm with NEO/WAVES/UBQ and so forth.

I'm not too bullish on it moving forward, what do you think?

I don't trade fundamentals. I trade based on TA (and rumour here and there because you gotta gamble sometimes)

I did some charting on ETC in the past but mostly forgot about it as my opinion was it wasn't anywhere near done downtrending.

I just happened to look at it because someone I know mentioned it. And it seemed to have bounced off some support, so I did some more analysis and it looked good.

But yea, lots of competition with NEO etc. But it doesn't really matter at all. Fundamentals are irrelevant when a coin hits strong support. For things like competition with NEO to matter anytime soon, a competitor would have to literally take over, overnight and ETC to go to complete shit.