Ether Classic (ETC) Descending pattern, another rally possible.

2018年8月7日

ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.

Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.

I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.

This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.

Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:

2018年8月7日

注释

BTC dropped again

2018年8月7日

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ETC still doing really well

2018年8月7日

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Evening star

2018年8月8日

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Drop happened as expected. Target is 2300

2018年8月8日

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Expecting another drop

2018年8月8日

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Going to be hard to break red cloud in this market.

2018年8月9日

交易结束：到达目标

We reached target at 2300, sell right now. I managed a 3.5%