My target is to deliver fresh and easy to understand view on the market.
We will keep it simple, trying easy investing strategy.
ETC airdrop locks in 16 500 blocks.
BTC continues rising, it provides unstable floor under x/BTC pairs. If You are sitting on BTC bought due to my BTC long idea(pinned to related. Check this urgently) You may want to increase Your BTC stash that would be solid at the top. It is hard to do it, but here appears nice opportunity.
What could We expect there? Airdrop means free coins to people, logic solution is to distribute ETC , let them fork it and then go back to price. That's why it is pure shoot. In avg 2 days We will experience nice ride there. Or implosion - something could go wrong. In this second case We would like to backup our portfolio. Stop loss could be placed very close to the opening.
Suggested stop loss placement: 0.00257
When to entry? NOW.
Rivers of blood, 25% slide in just 1 movement. It is good time to buy.
Stoch RSI is coiling near to absolute bottom. Orange line is likely to rise.
My advice is to take caution at putting money there. If You invest more that 10% of Your portfolio at once, You could experience major losses.
Using stops saves Your money.
Arrows are showing predicted price movement. Any deviation could occur here.
MOON or DOOM
It's Your choice.
Price movement is in crucial horizontal stage.
1. ETC/BTC - broken support.This move is not that strong, showing double bottom formation possibility. Trend has rounded - this could mean that market becomes undecisive.
2. ETC/USD is signaling uptrend with $ 66 final target ! This is calculated due to bullish flag.
3. Fundamental research. Let's think about airdrop loud. People bought ETC for airdrop. Now,when it has occured (or not, I do not care about this event), all ETC holders will sell it, because they don't need those coins anymore. This will be a sign for long term investors to rise the price.
4. Still We need to increase our BTC stash and minimalize losses with stop loss at 0.00245