ETC | 100% Short Term | Good Way To Increase Profits
Updated
This is a copy / paste of my original chart. You may have noticed that most of my charts are gone. Tradingview has decided to remove them because I included a link to my twitter account. So, uh, don't link your twitter account in your trading ideas kids.
Unfortunately I will not be able to get them back (goodbye reputation for calling a 4000% increase in ZCL)
I've gotten a lot of messages about certain trades, so I figure I'll repost my active trades and update my older trades with new charts. This way I can still alert my awesome followers if any developments occur.
Starting with Ethereum Classic:
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
No fundamentals on this one.
If you've been following my trades, or playing your cards right, you should be in a lot of profit from coins that have pumped.
Now is a time that I like to limit my exposure to risk by channeling some of those mega pumped coin profits into something that is less risky / pumped.
That's where Ethereum Classic comes in.
Coin is only up about 60% from the local bottom.
That may seem like a lot, but when you consider most coins are up over 2x, it's not that much by comparison.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade Details
This is a short to mid hold for me. Short term upside looks great since we are near bottom of channel. On original posting we were at the bottom of the channel, but ETC has moved about 15% up from that entry. Top of channel is still about a 2x from here.
Entries:
Position at 208k, order at 195k. Feel free to enter up to 250k
Targets: 285k, 380k, 475k,
Long Term: 545k, 950k
Stop Loss: 150k
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
Unfortunately I will not be able to get them back (goodbye reputation for calling a 4000% increase in ZCL)
I've gotten a lot of messages about certain trades, so I figure I'll repost my active trades and update my older trades with new charts. This way I can still alert my awesome followers if any developments occur.
Starting with Ethereum Classic:
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
No fundamentals on this one.
If you've been following my trades, or playing your cards right, you should be in a lot of profit from coins that have pumped.
Now is a time that I like to limit my exposure to risk by channeling some of those mega pumped coin profits into something that is less risky / pumped.
That's where Ethereum Classic comes in.
Coin is only up about 60% from the local bottom.
That may seem like a lot, but when you consider most coins are up over 2x, it's not that much by comparison.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade Details
This is a short to mid hold for me. Short term upside looks great since we are near bottom of channel. On original posting we were at the bottom of the channel, but ETC has moved about 15% up from that entry. Top of channel is still about a 2x from here.
Entries:
Position at 208k, order at 195k. Feel free to enter up to 250k
Targets: 285k, 380k, 475k,
Long Term: 545k, 950k
Stop Loss: 150k
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
Trade active
Fast approaching our first target of 285k. If you followed me at 208k we are about 30% up.I will only be taking small profits at 285k in case ETC wants to go on a mega run
Note
We are looking very bullish here. A 4 hour candle close above 1 FIB line could mean travel up to the next line.Note
Haven't even been paying attention to ETC because it has held up so well during the big "crash"Remember my reasoning for entering this coin? It was to move from pumped to unpumped. From risky to less risky.
I managed to protect a good amount of my profits during the crash by moving it into ETC beforehand.
Trade active
This looks like a good potential entry around 340k sats.Lets see if this channel line acts as support before jumping in.
Trade closed manually
It was a fun ride guys. Hope you took your profits at targets reached.With the fork coming soon, and the poorly handled fundamentals by the dev team, I will be cashing out my remaining position before any further dumpage occurs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.