12 Hours Plan (This Could Be It)A lot of weak hands shaken out before Callisto because smart money knows Callisto is only tip of the Iceberg. There are a lot of things concerning this whole Ethereum thing that are under the water and yet to surface. Temporary price movements scare amateur investors but smart money looks at the bigger picture.
As Matthew Mcconaughey says in Wolf of Wallstreet, "Nobody - and I don't care if you're Warren Buffet or Jimmy Buffet - nobody knows if the stock is gonna go up, down, sideways or in f*cking circles." However, if you observe things right, you can see where something is headed, the general direction, trend and what is going to unfold in the near future. On that basis, you should be able to make a darn good investment call if you play your cards right.
ETCETH
Beware the Ides of March (ETC vs ETH)The chart looks good. The news are good. The market conditions are good. Ethereum is embroiled in disputes regarding recovery of previously hacked funds, EIP865, immutability, purity of chain, code is law. Efforts were made to address these issues silently but after Yoichi Hirai's resign, the issues have surfaced with more intensity. It is likely that some of those chauvinists of code is law and an immutable blockchain will move to Ethereum Classic. It is gaining momentum and is also lucrative for miners. Ethereum Classic has Callisto airdrop in the first few days of March. Also, on March 1, there are two more important events: 1. Adoption of Monetary Policy 2. ETC Investment Fund. All these developments point to an increasing interest in Ethereum Classic and I wouldn't be surprised if ETC reaches a price of 0.5 ETH in a few months' time. At the time of this post, 0.5 ETH is worth $432. You're welcome to check my post about $500 ETC price by end of 2018.
ETC The Falling Wedge Queen BINANCE:ETCETH BINANCE:ETCBTC
All,
I think this is a perfect example of what ETC does. It takes off for the moon and sells off which creates falling wedge. However, if you play them right falling wedges are one of the most powerful breaks in reversals. Let's see if my prediction plays right. If so it will bounce off and retest the bottom support and then break the wedge and take off again. Be patient my friends!
Wait 1: Bounces off major support
Wait 2: See if it breaks the wedge
Wait 3: See if retest from wedge break holds
BUY
ETC - ethereum classic - before 1:1 airdropHey all.
I want to share an idea, about the BITTREX:ETCBTC Ethereum classic.
ETC is the original Ethereum chain, well known ETH is accually a fork from ETC, well ETH renamed after that fork, to ETC, because DAO hack.
This is the short history of this amazing, undervalued coin.
I personally assumed, that ETC will reach 600k satoshis before 1:1 callisto airdrop, but lately because market setiment, shows, that it will grow higher, compared to BTC price, and will stop, where I marked as target.
Maybe it will go higher, but this prediction is very conservative.
In this time of uncertainty, this is a very solid short term investement, so you can gain more bitcoins, or get free Callisto. Eather way, you will do better, than just hold your altcoins, or bitcoin.
Hope this was helpful,
regards
ETC BREAKING-OUT ! Traders,
Here w have ETC/USD 4H chart.
After breaking-down the bull trend-line a few hours ago and not breaking the 0.0.382 Fibonacci. we are heading to 0 Fib the inverse and I'm gonna draw the not inverse next few hours to reach the all time high again
After closing above that one we will
will be confirmed break & heading straight to all time high again.
Without closing we will retest the uptrend again and waiting of bull keep going
Regards,
Mohsen
ETC SCENARIO ! Traders,
Here w have ETC/USD 4H chart.
After breaking-out a few hours ago and breaking the 0.618 Fibonacci (Golden one) we are heading to 0.70 and after closing above that one we will heading straight to 1 all time high again.
Without closing we will retest the uptrend again and waiting of bull keep going
Regards,
Mohsen
TWO POINTS DETERMINES THE PRICE !Traders,
Here we have ETC/USD on the 4 Hour chart.
Etc has been in an up move for some time. Price has been making higher highs, most recently at 35.
Price had an initial low at 14.
Price looks strong and expecting to see the highs soon, but we have two sensitive regions 1st one on the uptrend line formed after breaking out a few days ago it will determine if we keep seeing highs again and see the 2nd region test break up or down.
I am expecting Etc to continue with the current upside momentum, and I am expecting a move to at Golden level fib 35 Region it's sensitive there.
That's my vision next few days :
-Price continues it's strong momentum to the upside, and hits the upside target at 38 in one strong swing move, small correction retest 36 and mooning again till our all time high level 46 updating at the 1st point
Regards,
Mohsen
ETCBTC falling wedgeon the left is shorter chart, showing falling wedge, will buy the breakout towards the upside (if breaks resistance) and enter with medium position, and add to position on price bounce on resistance turned support (top downtrending white line on left chart).
all details / numbers / text and info is on chart :)
Ethereum Classic, ETC/ETH Broke Out of TriangleEthereum Classic, ETC/ETH on Binance just broke out of its (long) Triangle. Consolidated a while and found good support at 35.000, which was previous resistance as well.
On the hourly chart, you can see that the indicators are from its lows and curling up now. Volume is picking up and ETC/ETH is also above the 12 and 50 emas.
With the coming fork and airdrop, Ethereum Classic could be ready for another run. So are you ready to trade it? If so, here are the instructions:
Entry: 36.815
Profit: 41.250
Stop: 36.095
RR: 6 (risk 2% to make 12%)
Since this is a day trade, you can take profits quicker and partially if you prefer.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
And good luck trading!
ETCETH: SHORT TERM TRADE IDEA: Rising wedge formingHey fellow traders,
Have a look at my analysis of ETCETH where you can see forming rising wedge, which is usually bearish pattern. Nevertheless IT IS still forming, so we can expect it to go up for quite some time.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher than the previous high. We have multiple reaction highs hitting resistance line.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be higher than the previous low. At this point we are hitting two reaction lows.
Volume: Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation. Notice charted red line which nicely shows the fall in volume.
We are also hitting point of resistance at the very up of rising wedge
MACD and RSI are also confirming this pattern.
What I will do is to look for the full wedge to be formed, then sell. Then rebuy lower.
P.S.: Im not financial advisor. Take this as a purely speculative idea.
ETC FOR THE 5TH WAVE !BINANCE:ETCBTC has a lot of upcoming events in the near future , so i expect that we will see the 5th wave in the upcoming days ( we need just BINANCE:BTCUSDT to stabilise ) .
As we cane see BINANCE:ETCBTC found support at around "0.00235" , the buy area will be in red line .
Patience is the Key
ETCBTC Ascending TriangleAscending Triangle mid-term trade on the left, and short term trade on the right. The idea is to buy the bounce of the uptrend support line (orange), sell 35% on swing high target / ascending triangle resistance, rebuy break/retest of ascending triangle roof and sell majority on ascending triangle target, hold rest for long term.
ETC / ETH BittrexCheck out the chart. The pink dotted lines are stop-limit orders. The 7 MA crossed the 77 MA and according to the patterns a few months back, the candles usually spike up to hit the 231 MA or to play it safe hit the green .236 fibonnaci level. OR it can continue it's bearish trend depending on how BTC / USD or ETH / BTC is doing...