ETC wedge, temp bottom is set probably.

١٨ مارس ٢٠١٨

There are always 2 options when a wedge is made, here it's most likely we break upwards, but here is always a chance it just makes a big drop. Depends on how weak the market is. ETC is a coin that could outperform Bitcoin with a temp rally, it seems it has already made it's false move downwards, so big chance the low is already set here. I just went long at at 15.30 while i am writing this. It's a great risk reward scenario

١٨ مارس ٢٠١٨

ملاحظة

١٨ مارس ٢٠١٨

ملاحظة

There we have the breakout already, with a big volume spike

١٨ مارس ٢٠١٨

ملاحظة

Bitcoin is getting dumped again, dragging everything down with it of course. There was no follow through of this break out above, now we see the result of that.

١٨ مارس ٢٠١٨

ملاحظة

So Bitcoin finally made first stage of the relief rally. The timing for ETC was a bit off, but we are already in the green again with a nice profit. First target is around the 20, there i will close at least half and maybe everything. I see Bitcoin hitting a max of 9300, maybe a bit higher. Around those levels i will sell this positon

٢٠ مارس ٢٠١٨

ملاحظة

I have closed half at 19.8

٢٠ مارس ٢٠١٨

ملاحظة

Seems to be forming an inverse H&S, so i will let the other half ride. For this half i have my stop just below the right shoulder around 17.50, guaranteeing another nice profit on this trade

٢٠ مارس ٢٠١٨

ملاحظة

Target of the H&S is the red area around 25