ETC/BTC completed market cycle, and precursor to golden cross
ETC/BTC appears to have completed a market cycle, and could enter a sideways period of accumulation before starting a new cycle. A potential entry based on a precursor to a possible golden cross is also present. 34EMA has crossed above 50SMA, and candles have closed above both. Good time to accumulate here, and wait for the 50SMA to cross above the 200SMA.
If entering here, I would place a stop-loss below either the 34EMA, or 50SMA, or have a solid strategy to average down if needed.
If entering here, I would place a stop-loss below either the 34EMA, or 50SMA, or have a solid strategy to average down if needed.