ETC - Dead project or Resilient Hold ?Hi Traders, Investors and Speculators of Charts📈📉
The Ethereum Classic fork was a result of a disagreement within the Ethereum community over how to respond to a hack that had occurred on the network. The hack resulted in the theft of 3.6 million ETH. Some members of the community believed that the best way to respond to the hack was to hard fork the blockchain , which would erase the hack from history. Others argued that hard forking would set a dangerous precedent and would be a violation of the principle of immutability .
Those who opposed the hard fork eventually formed the Ethereum Classic community. They believe that the original Ethereum blockchain should be preserved, even with the hack in place. They argue that hard forking is a form of censorship and that it is important to maintain the integrity of the blockchain.
You can't really call that ETC is a dead project, reasons being:
1) It has a strong community of supporters and there is still active development on the project 2) ETC is listed on many major cryptocurrency exchanges
The market sentiment on ETC is mixed. Some people believe that ETC still has potential to become a major player in the cryptocurrency space, while others have shifted focus towards other, newer altcoins. The future of ETC is uncertain, but it's still unreasonable to call it "dead", at least for the time being.
FOUR main things I'd consider with ETC:
📢1) Old bag holders may want to look for the first opportunity to get out, creating strong resistance zones
📢2) At the end of the day, it's a coin that can be traded and most probably will be traded by whales though this kind of behavior is usually very untimely and unpredictable (we observe a similar situation on XRP)
📢3) ETC has a history of security vulnerabilities
📢4) ETC has a limited supply of 210.7 million coins
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COINBASE:ETCUSD BINANCE:ETCUSDT
Ethereumclassic
Ethereum -> Is This Still Bullish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ethereum -> Last Bounce Before A Strong MoveHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
Looking at the daily timeframe you can see that Ethereum is once again retesting support at the $1825 level - I am therefore waiting for another bullish rejection and a break above the daily downtrendline and then also the daily timeframe is ready for a pump.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Ethereum -> Bullrun Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems.
To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable.
Crypto projects get hacked in two main ways:
1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything).
2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.)
Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way.
According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol)
vitalik.ca
#Doge420 Was a Bust, Will #DogeSNL Be Different This Time?Lots of hype for #dogetothemoon / #DogeSNL / #SHIB day with Elon Musk tonight but also a lot of skepticism from the folks who were burned from #Doge420 day. Will it be another bust?
Despite the disappointment, #420dogeday may have actually worked, in retrospect. Here's why:
A lot of #crypto fans know how to buy coins and they often take that for granted. For the non-technical person out there, setting up an account (especially since Coinbase doesn't support DOGE yet) isn't that easy. There's a learning curve involved with this stuff.
People also don't change their habits easily -- seeing the hype might get them interested but people have things to do and they're not going to jump in right away.
I'm thinking about my mom who bought a sizable amount of DOGE because she thought "it was cute" (is a better reason than most investors tbh -- at least she likes the product) but it took her a few weeks of thinking and trying before finally making the decision to put money in.
The short story is that these marketing blitzes take time, and you need a while for people to digest the information, especially when it comes to a complex product like crypto. If you were part of 420 Doge Day, don't feel bad about it -- you did your part. A little patience is all that's really needed, here. 🙂
PSA: Beware of "Zombie Chains" - ETC, MIOTABitcoin, Ethereum, and most of the projects out there have never had their protocol compromised. There are a few exceptions -- the biggest ones being Ethereum Classic (ETC) and MIOTA. ETC had their protocol compromised by a 51% attack, MIOTA's system is most likely not even a real blockchain, after being audited by the MIT Technology Review. But we call them "zombie chains" because the blockchain allows for these projects to persist, even though it's dead.
ETHEREUM Gameplan - Long videoHi guys, this is the long video I had promised about Ethereum.
It is 15 mins ong so I am making a shorter on in a few minutes. Watch whichever one you like.
Summary: 15% chance it drops now
85% chance it will rise and drop hard before the 2,000$ mark
ps. I am not a Financial advisor guys, I am just sharing my ideas with you here. This is how I will be trading Ethereum.
Good luck people,
FXPROFESSOR
ETHEREUM -Video UpdateHi guys,
on this video I explain why Ethereum is the crypto i prefer to invest in and also trade, in this period.
Fundamentals being the new version that is coming out and also the CME futures commencing on Feb 8th.
The chart is ascending but extremely volatile so maybe use a small leverage if you are not comfortable with a higher one.
Hope you like the video and i appreciate your likes and comments.
ps. February 8 is much later, keep in touch for more about that
Alt Coins - Short Field Day ~ ETC, EOS, ETH, XRPI focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Quick Look at Ethereum Bitcoin Ripple EthereumClassic--------------------------------------ETHEREUM ANALYSIS--------------------------------------
Megalodon indicator is showing 292 buy signals VS 4 sell signals on Ethereum . We have to wait for our Strong Buy signals on Megalodon Pro to justify taking another bite at ETH.
--------------------------------------BITCOIN ANALYSIS--------------------------------------
Megalodon indicator is showing 240 buy signals VS 120 sell signals on Bitcoin . It is not the best time to load up for longer term. However, we are flirting with our trendline, short term trades with Megalodon Pro strong buy signals or buy signals will bring good risk reward trades.
--------------------------------------RIPPLE ANALYSIS--------------------------------------
Megalodon indicator is showing 182 buy signals VS 5 sell signals on Ripple. Ripple is one of those tokens that it is completely correlated with the sentiment of the crypto ecosystem. Thus, fundamentally, it is hard to invest for the longer term at this point. However, technical analysis is showing us really good opportunities right now with Strong Buy signals. The gap between buy signals and sell signals are indicating us that it is a horrible time to short this asset. So, we will make sure to add more into our portfolio as well.
--------------------------------------ETHEREUMCLASSIC ANALYSIS--------------------------------------
Megalodon indicator is showing 182 buy signals VS 110 sell signals on Ethereumclassic. It is not the best ratio between buy and sell signals. We should take our time and wait for our price structure and 61.8 Fibonacci level to be hit before any trades. But, the upside for the longer term is still exciting. So, we are closely watching this asset.
--------------------------------------What is MEGALODON?--------------------------------------
Megalodon is an Artificial Intelligence that uses Machine Learning and Neural Networks to combine 574 back-tested indicators and 2674 back-tested setups, simultaneously.
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We are looking forward to seeing you on our Live-Stream on Monday 3/25/2019 at 5.30 Eastern Time.
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