This only works when BTC is running sideways. I feel like 2 out of 3 times alt-coins fail when BTC is or . The only time I find the best opportunity in alt-coins is when BTC is running sideways hence 1 out of 3 possible moves dependent on BTC . Make sure you're checking BTC price at all times during this play.
The entry is where I entered around $14.68 when I noticed a triple bottom. Also, I noticed that it was prime for a run because ETC is having a summit conference on November 13th - 14th. https://twitter.com/eth_classic/status/928693683528101889 Lots of important people attending the conference.
What to look for:
- MACD has lots of room to the upside.
- RSI stays above 60+ for a run or 70+ to see green dildos.
- My profit targets are rather conservative and can continue to run until Sunday. Sunday is also when Asia wakes up as Monday so things might change for the alt market.
- My first profit target is set at 2x gains.
- Make sure BTC moves sideways.
All aboard place your bets!