DrJLT

ETC to retest neckline before further gains during BTC rally

BITFINEX:ETCUSD   以太坊经典/美元
It's a strange feeling for me b/c I just included ETC among my Top 5 high-market-cap to invest in 2018 video on YouTube right before it skyrocketed --- and frankly I haven't bought yet b/c I've been focusing on my own project.

Right now, ETC has broken out of the inverted H&S . However, we're entering overbought territory. There're many reasons why ETC could outperform ETH this year, and I've explained them in my video, not going to reiterate here --- regardless of these long-term reasons, I see that the market is still very cautious.

This means after some handsome gains investors are likely to take profit at the first sign of weakness. At this point, I see a short-term correction to neckline as a retest (target $26).

I also believe that BTC is starting for form an ascending triangle & will break out around / after the Chinese New Year & rally to $12k (as I explained in another YT video; not going to reiterate here as typing is very slow). I have some updates on my BTCUSD post here on TV: note, the "rising wedge" is not the "ascending triangle" --- the two have opposite implications & in this case are on different timescales.

After the retest of $26, I see a target of $42.

评论: p.s. some texts on the chart (in red) are from previous posts.

the "btc rally" I mentioned are right where the long red arrow pointing upward is.
评论: Took longer than I thought for it to consolidate. No fall no jump.
评论: unbelievable: didn't retrace & jumped without notice...
Altening
回复
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 价格 网站规则 版主 网站 & 经纪商解决方案 插件 图表解决方案 寻求帮助 功能请求 博客 & 新闻 常见问题 维基百科 Twitter
概述 个人资料设置 账号和账单 TradingView代币 我的客服工单 寻求帮助 已发表观点 粉丝 正在关注 私人消息 聊天 退出