Long

Updated

ETC - NOW

This is not the main pattern that I've found...
But I believe in an initial small bull run now short term.

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I didn't just draw this. It's a part of a "larger picture" that I'm not showing here. The "lager pictuer" says undervalued.

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Target $20

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Zoomed out. Note how those 2 bottom most trend lines track the general bottoms.

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Compared to other cryptos the moving averages are closing in together, implicating that a breakout in some direction is about to happen. Have a look and compare between different cryptos for yourself and you'll see that.

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I would like $20 to happen within a 4-5 days time span.

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Fascinating. Getting a bit bloody as usual nowdays.

Zoomed in:

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This is the bottom. Now rise rise rise...

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A sneak peak into my secret "larger picture" chart without showing too much.

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It's logical for it to go to $19.5 but to trap some breakout traders it will probalbly move to $20.2 and then trigger their stop losses and crash down again. That's why I'm selling around that price level.

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The later price (20.2) will ascend the later the bullish price move occurs, and the first "logical" price (19.5) will descend the later it occurs. All according to the angle of the red fat lines in the chart above.

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investopedia.com/terms/b/breakouttrader.asp

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A part of me now thinks the top will be at $21.6 before it tumbles.
Just putting the number out there... Equip yourself with a grain of salt.

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The reason why I moved some ETC into ETH is because the pattern of ETH fits more to my OccultMagnetism concept. Also, after taking a second look at the moving averages of ETC they imply some sluggishness and high inertia - meaning it needs alot of push to get going. Yes the high volume is a great start.

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Maybe they'll go up just the same % but i consider ETH to be a more safe investment. Note, I'm not bashing ETC I just fear the sluggishness a little bit. Just look at that attractive volume...

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18.88 will be hard to break through.

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Retracement to 14.8 is probable.

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Ok... all of the ETC is moved into ETH for now.

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Beware of $18.88 level

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18.88 was problematic.

UncannyDeduction

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