ETC on the edge
The crypto crew on Elliot Wave Trader (EWT) has had a blast with Ether Classic. I have a long term target of $40 with an intermediate target of $13. But it is on the edge of a breakout out setup I talked about on EWT. A break below $5.75 (Poloniex) will make it likely and I'll then view $4.20 in play. But that still doesn't take my higher targets off the table. 
A reference on how I trade: https://steemit.com/cryptocurrency/@wildtrader/how-i-trade-cryptos-using-elliot-wave-theory
Disclaimer:
Trading crytpos is like swimming with sharks. These are unregulated markets. While I'm providing some analysis, the risk is all yours. You can get hacked, raided, and scalped. These markets can be thin and predators lurk. Do not put any money in cryptos than you can afford to lose. Always use two factor authentication on your accounts. And, regularly take profits out and trade something else
ETH: 0x214100463968649031A9D6E6A6C5B9aDdE540e29
BTC: 14Y4V2hFUKzQZe3rVJ8cTphv583FiRvgqS
It looks that most of alt coins are a bubble now. Do you think so?
Honestly, in trading I don't find that phrase useful because it can keep you out of big moves, and I think that is common among those using elliot wave. There is only end of the impulsive move which the media or society will call a bubble. And, in that regard, I'll count it as continuing until key supports break which are mathematically defined.
I sometimes use that term with markets I'm not really interested in and am not analyzing.
Thanks for your feedback.
So you don't suggest an entry at this price as there is a possibility to buy below $5 soon?
In these situations I do partial entries and scale in. It's on the edge, not definitely going down. Just weaker than it should be here. I had a massive leveraged position on this, but I cut the leverage when this weakened at a small loss. I'll add leverage again if it drops. But I still have my long position without the leverage.
Great advice, I followed this pattern too. Thanks man.