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Etcbtc

ETHEREUM CLASSIC MOVING IN ASCENDING CHANNEL!Ethereum Classic moving in Ascending channel. Looking sweet to take in some long positions. I was about to post this last night, but got occupied in some important work. Since, then the price has appreciated by 6%. The Risk/Reward ratio for this trade is: 4.61, it it manages to test the resistance line again.! For those who don't know how to trade parallel channel, read on! HOW TO TRADE ASCENDING CHANNEL: 1/ Support and Resistance: A long position can be opened when a stock's price reaches the ascending channel’s lower trendline and exit the trade when price nears the upper channel. 2/ A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses. Traders who use this strategy should ensure there is enough distance between the pattern’s parallel lines to set an adequate risk/reward ratio. 3/ Breakouts: Traders could buy a stock when it’s price breaks above the upper channel line of an ascending channel. 4/ Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel, they should look for other signs that show weakness in the pattern. Price failing to reach the upper trendline frequently is one such warning sign. 5/ For those who don't have any knowledge about support and resistance, refer to this: (I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.) P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
BITFINEX:ETCUSDLong
by johntradingwick
Ethereum Classic VS Bitcoin CorrectionEthereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up. ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established. On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
Long
by CryptoPAMM
6
Ethereum Classic (ETC) 1 day chart: Bear divergence $ETC has outperformed other alts through the recent bear market, following its own path. Its time to catch up in my opinion and the bearish divergences on the RSI and CMF encourage this feeling. The orange fibs are from Dec 17 low to early 18 highs - the blue is all time low to high (on Bittrex) - both seem to be getting respect and the shorter term 0.78 is very close to the longer 0.88. This may normally signal strong support immediately below but its been fully breached twice in the last 3 months although recovered. I am watching the trendline drawn on 2-day. OBV shows lots of holders which could give fuel to panic selling, but also limit supply. Target areas illustrated - its a basic plan. No shorts just buy areas.
Short
by JayDoe4
2
ETCBTC oversold, going long, no stop loss (don't do this).ETCBTC has been my most favored altcoin to swing trade. Not only is it offering some nice gains on these s/r levels, but if I were to consider hodling anything as a mid to long term investment, ETC is number 1 on top of my list. I dont even bother with stop losses with this coin (not financial advice). Gaining a position when it takes a dive like this is a bonus. Dont forget trading is risky and these things can go either way on you no matter how good your TA. I highly recommend implementing a good risk management strategy (this bit is financial advice).
Long
by fxtraderanthony
2
ETC breaks necklineHellooo traders & friends, just as anticipated on Friday's idea, we have broken the neckline at 16.8 with more than 3% profit potential. But beware: It is not likely that we'll shoot to $19 immediately now & break it, since we have the resistance at $18 coming up first. Bulls can use the 4H Higher Lows established at 16.5 as their stop-loss, as a retest of the break-out zone is still possible. => Essentially, ETC's move will highly depend on big brother Bitcoin's showdown this week at the 6.800 Dollar range. In the direct correleation ETC/BTC, we're at the important level of 0.0026 -nicely surfing the 4H EMA 12 & 26 to the upside- it will be essential for the ETC bulls to uphold this area. If you don't want to miss trend reversals & neckline breaks the next time, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:ETCUSD
by Edgy_
1
ETC trying reversal -Neckline at 16.8Hey guys ETC similar to brothers IOTA, BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at 16.8 We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential. => But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out! In the direct correlation of IOTA/BTC, we're trying to stay above the important .25 previous resistance area. If we cannot break to the upside, we're looking at the previous lows 15.7, and will try to form a new higher low compared to $12 . So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin, any possible plays have to be highly secured & conservative in order to protect your money. If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos ! ;) About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:ETCUSD
by Edgy_
ETCBTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one. Percent profitable: +78% Profit Factor: >5.3 Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should buy or short the market. With Bitmex Cobra you are always in full control of your trading no matter how the market moves. Check the List of Trades Tab as well to see past trades. P.s. Bitmex Cobra is an invite only script with 2 day free access!
Long
by anniemaccc