ETC should go through similar motions, riding overbought territory, as it heads to the disbelief stage.
The Adam and Eve bottom that I drew up did not play out exactly, as there was a solid shakeout wick on ALL coins when they hit us the BTC pump.
It appears there were more longs left on alts vs BTC than I expected, that needed to get shaken out.
Now that we have a bottom, with an irrelevant wick, we should see a beautiful, powerful uptrend, to kill shorts.
I'll be stacking the dips on this one for sure.
The Adam and Eve bottom that I drew up did not play out exactly, as there was a solid shakeout wick on ALL coins when they hit us the BTC pump.
It appears there were more longs left on alts vs BTC than I expected, that needed to get shaken out.
Now that we have a bottom, with an irrelevant wick, we should see a beautiful, powerful uptrend, to kill shorts.
I'll be stacking the dips on this one for sure.