Emc2
EMC2 to 3kMACD crosses upwards like the beginning of the rally between 1040-1900 sats.
Rested at dip.
CCI is likely MACD, is at the beginning of tha rally, start to buy.
Like 1hr chart it can be seen on 30m chart the similar pattern.
If we look at 1d chart we can see that we are at the beginning of a move like late september that emc2 rises from 800 sats to 3k.
Waiting for 7th december hard fork and coin burn event, emc2 seems to rise upwards.
EMC2 reading to rocket!Burn in december, btc correction and a nice breakout sounds like uptrend to me
EMC2 token burn and uptrend25th Oct hardfork of EMC2 will now happen on 7th Dec, but MACD and RSI show upcoming reversal.
I will watch EMC2 after 25th Oct as there could be fomo around the hardfork date and we'll see a similar rise as a few weeks ago.
My conservative trade will be like:
Buy 650-850 sat
Sell 1500 2500 3300 sat
If the market will not follow the indicatos this time, EMC2 is still a good hold coin before Christmas.
Long EMC2/BTC1) Epoch 25 and history of monthly pumps.
2) BTC is in full bull mode but EMC2 is surviving, it will also catch up with other ALTS.
3) DeMark TA is showing a 5 count on the upside so this means possibly up to 3-4 weeks of bullish count ahead. The value is above 0.7 for some weeks now.
Accumulating steadilyOften this pattern indicates a potential breakout, especially when combined with an increasing or max sustained stochastic RSI. Keep a close eye on it -- with the upcoming supply burn scheduled for ~Oct 25th I'd expect this to jump in the near future.
EMC2 Post pump, possible continuation. Last night's unexpected pump left EMC2 trading above 61.8 fib, continuation level;
Several probe wicks into 61.8 where rejected and eaten up.
I entered this trade just now, hoping for a continuation.
Chart appears to be at a volatile level, with Bollinger Bands tightening on the 30min time frame.
2hour chart shows all candles closing above red OBV chart; hence Bullish.
Yesterday's pump showed massive bullish wicks, and volume on bittrex is at 1700
OBV showing reduced selling/distribution.
I'm in and long; tell me if I'm wrong.
EMC2 SHORT FLIP5min charts show decent signs of a triple bottom reversal forming, and past few days overall trend looks good. Looking for a potential breakout here any minute
*Please note that trading on short term charts like this is extremely high variance and I recommend proceeding very carefully and to do your own research before making any type of investment.
EMC2/BTC up trendA reverse hammer candle price action has also emerged on EMC2 h4, a short-term profit target of 0.00002208 (29.4%).
EMC2BTC - Elliot Wave + Fib Extensions Idea ContinuedOK, I am confident (75%) that wave 2 is complete at around 1750 sats - so referring back to previous analysis Wave 3 has extended to 2.271 FIB level, in this case 5500 satoshis. It is a big call.
Fundamentally:
1. The market reacted negatively to the postponement of the coin burn, BUT it is still happening
2. A number of events scheduled for October which could see some good things coming out
So yes, it is a big call for 5400 sats but I am in since 620 sats so my hand is strong and I plan to see this through.....
DYOR
EMC2BTC - Elliot Wave + Fib Extensions IdeaTaking a look back at previous Elliot Wave pattern of EMC2:
1. Wave 3 Extended to 2.272 Fib Extension Perfectly
2 Wave 5 Extended to 2.272 Fib Extension Perfectly
So If this latest impulse is a Wave 1 (not yet complete) it could give some excellent price targets based on historical price action.
I am very much new to this TA game so any feedback, constructive criticism is welcome!
$EMC2 mid term strategyPlease follow me on twitter if you want more charts and insights: twitter.com/taproofficial
Disclaimer: My posts are just personal thoughts and not advises. I dont suggest you to do or not do anything. Do your own research. Trade responsible.
EMC2 , do not buy yetSo EMC2 RSI is overbought on the 1h and oversold on the 4h , i'd say it's on a downtrend and it has room to go even lower than this.
I drew some support lines from where it might bounce , but i would wait for a confirmation on breaking the downtrend first :) Anyway , have fun
EMC2BTC viewMy support levels (blue) and resistance levels (red) are on the chart. Currently, EMC2BTC is moving towards the support at 0.00001800. Can it hold?
I have 2 views, 1) Hopefully Support @ 0.00001800 to hold
2) If not next support @0.00001275.
Disclaimer : I am not providing any calls, it is just my view. Take your risk, have a proper sl please.
EMC2/BTC. (Einsteinium)Now price is near "zone of influence" which consist of
S-support + 0.786 F lvl + Demand zone
Here price will solve further action:
- 1st opton: will see reversal formation from ZOI
- 2nd option: break out of S and further falling
EMC2BTC - potential home run!Bullish setup in place. Multiple Fib and MA supports in the 0.00025 and 0.00026 range.
Target should be 0.00038 and eventually 0.000460
Stoploss at 0.00024
Product news - Coin burn on 6th October can be another trigger
$EMC2 next targetEntry 2700 sats. Short term targets are 3100 and 3400 sats. If failed, see support/stop-loss zone on chart.
EMC2 Cup and Handle Before BreakoutEMC2 going to 5000 k sats easy once this cup and handle is done forming!
EMC2/BTC as genius as Einstein Himself?BITTREX:EMC2BTC
Skyscrapers like Dubai, no taxes and red tape like the UK. If you build it they will come. That is exactly what it looks like, and so will $DBIX and Dubai Gold when they hit Bittrex. Prpare for the future and get the coin on Nova:)(Maybe I should take my own advice)
Anyway, I can't call it, but my profits are good. It's simply one of those could've would've should've things. Bought and sold more times than the ICO's from June I don't know what to say except hold?
Leave a comment if you really know what is up with this company, not some generic answer like the Devs are cooking up some crack (from their #Slack) in the kitchen. Great company, but come on, this is getting as crazy as Einstein Himself.
Genius or BI-Polar? Time will tell.
-Rett Sloat
-RSS-Legacy
-Wolfy
