ETCUSD: Bulls ran out of time...

ที่อัปเดต:
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.
บันทึกช่วยจำ
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/tradingview/snapshots/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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สแนปชอต
บันทึกช่วยจำ
สแนปชอต

Should start accelerating.
บันทึกช่วยจำ
สแนปชอต

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.
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