All Eyes on ETC (Waiting for Breakout)

BITFINEX:ETCUSD   古典以太坊 / 美元
About to break out of the wedge most likely to the upside for another bull run.
評論: "Buy when others are fearful, sell when others are greedy." ~ Warren Buffet
More like break down...
The reason why this broke to the downside is because what you're seeing here is a pennant or a flag, depending on how you look at it (flag pole would be from 42.87 all the way to 35, the pole is a lot more obvious if you look at the 4h chart). Both of those are continuation patterns meaning that if you see one in a downtrend, the bias is towards downside continuation, and if you see it in a bull trend the bias is towards upside continuation. It seems to me that a lot of people in this space think pennants are bullish patterns (and with good reason since you see a lot of pennants during uptrends which break bullish very regularly). However a pennant is a continuation, not a bull pattern, meaning that if you see one in a downtrend, it's a bear pattern, not a bull pattern. You then look for a breakout to the downside and short, not the other way around.
+3 回覆
hey man, would appreciate your feedback on the ETCBTC pair.
+2 回覆
fakhan retiringsoon1
@retiringsoon1, Seems plausible.
Alex_B1M afreet77
@afreet77, you mean 320 usd? :D
+1 回覆
fakhan afreet77
@afreet77, When you see most guys like these over every post, that tells you the bottom is in and it's time to move up.
+1 回覆
afreet77 fakhan
@fakhan, you should post reasonable TA not marking your coin
fakhan afreet77
@afreet77, I don't give a f*ck if you buy ETC or not. I pray to God you dump it all so I can put more money into it.
+2 回覆
afreet77 fakhan
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