Etcbtc
Ethereum Classic (ETC)-Silence before the storm? Big picture!Hi our dear Friends!
So another great but well known project.
Do we have a silence before the storm? We think so.
As marked on the the chart we had storm and silence zones. We may experience another storm with large gains soon.
We are very low at Fibonacci scale
Right now volume is very small but once we get positive info from the market (BTC market and market as a whole) we should encounter gains up to 450% possible earnings.
Here is short description of what ETC is (for those who are new here):
ETC is one of two separate versions of Ethereum's Blockchain, the other being Ethereum itself. The split occurred after The DAO, a decentralized autonomous organization based on Ethereum, got hacked in June 2016, and $50 million worth of its funds were stolen. Because The DAO was crowdfunded, this event has resulted in a large number of people losing their stakes. After several weeks of heated debate, the community has decided to conduct a "hard fork" of Ethereum's Blockchain in order to "code" the stolen money back to its owners. In order to perform the hard fork, the majority of the users had to simultaneously take all the transaction records prior to the point of the hacking, and start anew from there, while discarding all transactions which have happened after that, including the hackers'. That doesn't mean that anything has happened to the previous version of the Blockchain - on the contrary, the hardfork resulted in two versions existing simultaneously: Ethereum, which is the new one, and the old one, which was renamed Ethereum Classic.
ETC is in top 20 in terms of market cap. Backed by very good developers team as well as community. Devs are rated on 81% on coingecko and they have over 200k followers on Twitter (for comparison Eth has 400k)
We are going to have flood of events and good information regarding ETC. Here is the list:
30.04 Beta of Emerald Mobile Wallet & Disable difficulty bomb
30.04 Developer Team to disable difficulty bomb in Apr 2018
31.05 Working prototype of Sidechain & Enable new Opcodes for compatibility with ETH
31.05 ETC is hard forking in May to remove the difficulty bomb.
31.05 Radex will be the first decentralized exchange to be launched on ETC blockchain (BIG THING)
30.06 PoC of new StateDB layer & Emerald Mobile Wallet
31.07 Sidechains support in Emerald Project & Emerald SDK First Release
30.11 Fully IoT-compatible infrastructure of ETC (BIG THING)
They already tested side chains solution with recent airdop of the new coin Callisto. This is great as they solved the problem with the scalability.
Right now ETH is not sure whether they apply PoS or stay with POW. As Bitmain comes on the merket with their ASICS for mining inner alia ETH we may expect to have more centralized network. Vitalik and rest of the owners said it is not a threat and they are not going to fork that.https://cryptoslate.com/vitalik-buterin-ethash-asics-ethereum/. Community didn't like it so they ma switch to ETC which will affect the price positively!
Some technical analysis details:
MACD postive divergence
Fibonacci levels:
Target 1: 0.0033055
Target 2: 0.0044851
Target 3: 0.0054564
Target 4: 0.0064278
Target 5: 0.0078154
Target 6: 0.0092731
Stop-loss: 0.0013338
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HUGS!
You WBM Team
Bullish on ETCThis coin suffered a massive shill on tweeter by most OG's and "experts" but did not complete it's rally and then after the airdrop dumped hard.
But now MACD and RSI indicators seems to form a bullish divergence so the price keeps dropping or at least goes lateral. I would expect a rally when macd lines cross the 0 line of macd (blue line).
Price can drop more, so it's up to you to buy it in a good price.
Ty for reading me.
ETCBTC: Potential Double Bottom FormationPreviously, I shared ETCBTC chart to show the similarity with the Psychology of the Market Cycle, and stated that I believed we were passing the "Disbelief" phase.
I still think the same way.
Today I realized that ETC holds strongly at 0.00198 level as it did last huge BTC drop. IF -it's a big IF- it doesn't break that support, it is quite likely that we would see a "double bottom formation". In that case, my target will be 0.00283 BTC.
Note: I'm a rookie in crypto world, but I keep reading TA books in my spare times. I have faced the "bear market" for the first time, therefore most of my previous analysis was failed. Trying to learn more everyday, and I suggest you the same.
#ClassicIsComing BULL pick 1 of 5 ETC
-Highest scored coin on Coincheckup: technical/ sentiment/investment/purpose/communication/roadmap/team
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors
-Suported by IOHK (the same team that brought Cordana ADA )
-Purposefully differentiated from ETH but integrating blockchains later in the year
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring nearterm
Four of my favorites still coming
2-NEOGAS: Chinese based dBFT (delegated Byzantine Fault Tolerance) protocol. Backed by Chinese fintech giant OnChain and sister project to Ontology (retail arm)
3-ETP Metaverse: Next 10000% ROI? Highest reward/risk ratio of any digital asset available. Chinese based startup by co founder of NEO. Backed by Viewfin ( Eric 2.09% Gu is CEO 3.18% of both). Currently unknown, small market cap, small supply. Cheapest ETP 2.26% has ever been.
4- ZCash: Zerocash system (improved version of zerocoin protocol). Backed by wall street, within direct access to public and institutional investors.
5-PIVX Improved DASH with Zerocoin Protocol and POS 0.00% . So many interesting developments on the way. These guys are on fire.
ETC is a good buy right nowEthereum Classic ETC is a good buy right now. Potential breakout.
Set stop-loss below 1900
*I am not your financial advisory; it's your money so it's your decision.
BUT.... if I did help you make some money, tip me a little crypto.
BTC: 1HchYXqUZxdfhohRZR8LpUCvSBD2GFtxsE
ETH: 0x567752E9d7FdC1858579fdd7009F8E8eBF7A8d9f
BCH: 194MQstCbCiSWZfRfHQ1dManZmSagNBbmr
LTC: LaoZrwVryZ8jzXm4F93LeH8skSaqv9L38n
DASH: XfixD7gxgGjRZPm1uRU2QYRb
ETC lowest priceIntersection of many trendlines normally means a significant pattern change.
That means, on 21-22 April ETC could be possible at lowest ever value $9.5-10 usd with a projection 75-80$ or even higher.
I bought ETC at 14 and 16 holding, will add my position if the price will reach my idea point.
Ethereum Classic - Bullish crab patternETC/BTC is showing a strong bearish trend with OBV decreasing. As you can see in the 1D chart, this bearish trend is the last movement of a perfect Bullish Crab Pattern. So we believe that ETC could drop to the last support around 0.001353 next month and after that, a bullish trend will begin.
ETC Bullish Targets 1 2 3 on the Daily.ETC looks bullish despite the weak looking BTC. While ETC has been trading over a billion in 24 hours BTC continues to break support. I like what I am seeing on the daily chart. ETC is showing a lot of strength and has the potential to break out of the channel to the upside before the Callisto airdrops. I would expect that there is going to be a dump before and after the Callisto airdrop. It gives opportunity to the buyers to pick it up to those who dumped and others will ride the wave -based on a catalyst- and sell to guarantee their profits. In other words, not worrying about the airdrop. Airdrops are usually worth nothing until price matures.
4 Hour looks really good as well.
What to look for:
Set stop loss near RSI the black support trend line.
Look for an inverse break on both RSI and MacD.
BTC must remain stable or ETCBTC can drop with BTC.
Momentum looks strong with kumo clouds tightening. Momentum can also push the price to the bottom.
New ETC Wave StartingETC have been following a perfect Elliott Wave pattern. After the initial five waves ETC had a corrective ABC wave and again with a textbook 50% retraction to 0.0217 BTC. Now on the next wave and using the previous ratios the estimate is that wave 5 will move to 0.026 BTC by Friday close of business.
Weekends are notoriously bad in the Crypto trading world so there will highly likely be an ABC correction over the weekend before resuming its upward trend next week.
Do your homework and make your own decisions.