CLASSIC
ETCG vs ETC, divergent performance, volatility, gainsDuring the last bull run in May and June last year, ETCG, the OTC fund, performed around 4.8 X the high price of the cryptocurrency ETC, Ethereum Classic, which it tracks. This was bewilderingly high performance.
ETCG went on to abruptly lose almost all of this value before Ethereum Classic even truly began its deflation from its high. ETCG is very volatile.
A couple of things to note from this chart:
1. ETC is now leading ETCG in growth - this will probably reverse in the coming weeks/months
2. Beware the sharp moves - ETCG makes big moves both ways and it doesn't stay up for long - don't be caught holding the bag!
3. On a short time frame (today) there is an example of #2 above - note ETCG moved 21.7% from close to high. ETC only 10.6% close to high.
I'll be honest, I'm coming back onto the charts from a series of massive losses in Bitcoin, Ethereum Classic, and other digital assets. But I told myself I would only post something positive if I'm in at least a 3 winning streak. My last 3 trades qualified, so I'll go ahead and say I managed 17% gain today on 2 trades across my account in ETCG. ETCG can deliver losses and gains so watch it.
Always do your own research before making any buying choices. The intuitive aspect of trading is huge.
And Enjoy!
It's Going To Get Wicky! *ETC potential (short and long)This is my first published prediction after learning a bit from the community chat, ideas, and by doing my own research.
Which reminds me to inform you that... I am not a professional, but I do invest responsibly and believe that you should too! Please do you own research! (DYOR)
Comments are welcome. I encourage anyone to share ideas, impressions, and perhaps a focus on general market sentiment of Ethereum Classic (ETC).
This is my 4th year investing in crypto. I do understand ETC is original ETH and why it was forked off, but please do share your thoughts.
Thank you.
Kind Regards and Enjoy Your Trades!
another Head&Shoulders pattern is more than likely to occurHello Ladies and Gentlemen, this is rather a very bold prediction, but we need liquidity, we can't start from where we are now, can we? We, obviously can not, as I said - we need the price dive into the liquidity pools, we need all the retail SL's hit and done before we take off. So, considering the fact that the retail traders are confused, institutions might be also as well, it is likely that classic TA formations continue to occur on charts. Trading is an extension of the very core of human instincts and psychological patterns. That's why I think it is possible that we see another H&S pattern on charts within a few days, as the classic TA patterns, in a way, are the essence of trading itself.
Future of Blizzard Activision 150%+All the players who left World of Warcraft will come back for World of Warcraft: Classic, which will show up in the subscription numbers in the earnings announcements.
This will also get a boost from Blizzard's mobile game Diablo Immortal, which will be most likely be released in 2019 +/- few months between the release of World of Warcraft: Classic. It will be also developed with a Chinese company NetEase, so it will get released in China. Keep an eye on NTES NetEase aswell, around that time.
Bitcoin priceBitcoin has got 2 powerful resistance at the same time. one of them is RSI resistance at 90 and another one is for its price at 12920. Because of 4 years resistance on RSI, I think it cant beat it and it can falls down up to 11700~11800 and after that it will again tries to going up to 15800
ETHERUM CLASSIC [ETC/USD] Analysis by Morpheus (5.80%)All information is provided in the chart. (Point on Yellow-notes on chart to see description)
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Tips, notes & suggestions
When you place a trade, always remember to set a stop-loss.
Most important rule, is to be patient. Money come and go, you will always get another chance.
Never invest heavy in one trade, be sure to spread your bags on different trades.
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Morpheus wish everyone out there, a good and a healthy life in the cryptocurrency-age.
Hate leads to successFractal play. Sentiment never was that bad. Trade against everybody to succeed. There is zero selling power left. This will either turn out to pump 60% or just do absolutely nothing for ever. Always remember its a cheap altcoin traded on coinbase and has ethereum in its name. It's enough to get the noobs to fomo buy our bags.
ETC to 0.004BTC. Breaking of descening triangle on the up.Daily & weekly primmed for an upwards momentum.
Positive news keeps coming up.
BTC -0.69% seems to want to break the triangle upwards, giving it momentum for ETC to go along with it compared to other alts as it has remained very resilliant.
0.004BTC resistance comes to a point where daily/weekly would come to a bit of exhaustion and would bounce back to support - it comes to face FIB resistance and horizontal blocks.
What supports the breaking to 0.004 is that the Ichimoku cloud is getting thinner and thinner, and we have an opportunity on the WEEKLY. Big.
ETC will, if we with fundamental growth and use cases, probably could be the best performer of 2019.
Tight stop loss IF we break the triangle - although unlikely.
Good luck.