ETC/BTC hit an all-time low on the 7th December and seems to have found some solid support around this current area. Please find trade details below
Wait for 4 hr candle to open and close above 1098 resistance, which will become new support. BUY in at this area 1098-1110 SATS. STOCH RSI has crossed and started to turn up indicating an upward momentum. Once the EMA22 crosses the 55 and potentially 100, first Target will be a wick to 1154 SATS (5%).
The price should then start to consolidate and i will look for the next 4hr candle to open and close above the 200 EMA, using this as new support (approx. 1140 SATS). I will buy in again here, with the next resistance level of 1317 SATS as the next SELL target (approx. 15%)
BUY: 1098-1110
SELL: 1154
SL: 1064
BUY: 1140
SELL: 1317
SL: 1110
This is not trading advice, as you should always do your own analysis before making any trades. Trading holds financial risk, so be sure to manage your risk effectively.
Wait for 4 hr candle to open and close above 1098 resistance, which will become new support. BUY in at this area 1098-1110 SATS. STOCH RSI has crossed and started to turn up indicating an upward momentum. Once the EMA22 crosses the 55 and potentially 100, first Target will be a wick to 1154 SATS (5%).
The price should then start to consolidate and i will look for the next 4hr candle to open and close above the 200 EMA, using this as new support (approx. 1140 SATS). I will buy in again here, with the next resistance level of 1317 SATS as the next SELL target (approx. 15%)
BUY: 1098-1110
SELL: 1154
SL: 1064
BUY: 1140
SELL: 1317
SL: 1110
This is not trading advice, as you should always do your own analysis before making any trades. Trading holds financial risk, so be sure to manage your risk effectively.
Trade active:
Be patient. Wait for the price to open and close a 4HR candle above the 22EMA (around 1110 SATS) before placing a buy order.
Trade active:
Initial Buy order was activated at 1098 and the trade started developing.
ETCBTC currently sitting on 1110 and heading towards first SELL order of 1154.
ETCBTC currently sitting on 1110 and heading towards first SELL order of 1154.
Trade closed: target reached:
First Trade Target Reached 1154SATS
5.1% PROFIT
This happened overnight and i missed my next BUY order.NOT a bad thing, as BTC has been climbing, so do some of the ALTS fall as people take out there ALT trades and go into BTC. Regardless, i Re-bought at 1126 which is still a great entry point on ETC. Targets are as above, however, my BUY in is now 1126SATS.
5.1% PROFIT
This happened overnight and i missed my next BUY order.NOT a bad thing, as BTC has been climbing, so do some of the ALTS fall as people take out there ALT trades and go into BTC. Regardless, i Re-bought at 1126 which is still a great entry point on ETC. Targets are as above, however, my BUY in is now 1126SATS.
Trade active
Trade closed: stop reached:
Trade closed. Hit my SL of 1110. In hindsight, i should not have made this SL so tight on my second trade. Either way, time to move on. -1.42%
TOTAL PROFIT 3.68%
TOTAL PROFIT 3.68%
