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Ethereumclassic

Cryptocurrency: Should You Invest Or Speculate?Cryptocurrency has been around for over a decade now, but there are still many first-time investors who are hesitant to explore the world of cryptocurrency alternatives. Most often, they focus on two main ways to profit from trading: trading and mining. In this article, we will discuss why mining has become almost impossible for individual investors and why trading may be a more viable option. The Main Cryptocurrencies: Bitcoin and Ethereum Bitcoin and Ethereum are the most popular cryptocurrencies in the market today. While many people see the potential for profit in mining these cryptocurrencies, the reality is that mining pools have become almost impossible to compete with. These "powerful hammers" have shattered the dreams of many individuals who were hoping to profit from cryptocurrency mining. While it is still possible to join one of these mining pools, it is a costly operation that requires purchasing the most powerful equipment. The payback of such an investment is also questionable. As a result, if you're looking to profit from operations with Bitcoin or Ethereum, it may make more sense to prefer trading rather than mining. Trader or Investor Once you have decided to pursue trading, the next step is to choose the direction and speed of movement. Understanding whether you are a trader or an investor will be the determining factor in this decision. An investor seeks to profit from effectively investing their capital in financial assets. Typically, investors make a single, but voluminous transaction, buying an asset in the hope of its long-term growth. Investors take responsibility for the possible consequences of this operation and take on all possible risks. They don't expect a quick return on the transaction, but they usually get a substantial benefit in the end. A trader, on the other hand, is a professional with special knowledge and skills for effective management of both own and investment capital. Traders aim for short-term profit on sharp price fluctuations. Traders' positions usually last from a few minutes during periods of high volatility, to a few days when the price shows signs of strong growth followed by profit-taking and the opening of trade in the opposite direction. Trading Is a Profession It should be understood that when choosing the path of a trader, you must devote quite a bit of time to education and developing your strategy as well as your trading style. Trading requires deep knowledge of the material and an active presence at the monitor with constant control of the market, which takes quite a lot of time. To become a successful trader, you need to have a deep understanding of technical analysis, which is perfectly suited to Bitcoin and Ethereum charts. The market can be volatile and unpredictable, so it's important to develop a strategy that suits your trading style and risk tolerance. Investing - For Those Who Want Additional Income Investing in cryptocurrency is a more hands-off approach than trading. It still requires an understanding of technical analysis but takes minimal time, allowing you to live your life quietly and engage in your main activity. Conclusion In conclusion, when it comes to profiting from cryptocurrency, it's essential to consider both trading and investing options. While mining may seem like an attractive option, it requires significant investment in equipment and resources, making trading and investing a more viable choice for most people. Whether you choose to be a trader or an investor, it's crucial to understand the fundamental differences between the two and devote time to developing a strategy and trading style. With the right knowledge and approach, cryptocurrency can be an excellent tool for generating additional income and building wealth.
COINBASE:BTCUSDLong
by FOREXN1
3
✴️ Ethereum Classic Update | Long-Term GrowthSomething is happening here with the Ethereum Classic chart that reveals a bright future. Notice that back in July 2022 ETCUSDT only lasted a few days above EMA100 consolidating before moving forward. This forward move was then followed by a strong correction which ended in a higher low. This time around things are much difference. Ethereum Classic consolidated above EMA100 but failed to move ahead, it went on to produce a correction yet still, within short-term and long-term higher lows. This is a revealing fact. We might be looking at the last time that Ethereum Classic will be available at these low prices in its existence. For example, $12.5 USD as in June 2022 is already forever gone. The longer a pair consolidates, the stronger the breakout. The next time ETCUSDT moves up and peaks, instead of a strong correction to produce a higher low we can end with a long sideways consolidation phase before the next bullish jump. Or the consolidation can have a downward slope as in a falling wedge pattern but still remaining multiple levels higher compared to now and then growth. And this cycle repeats over and over for years to come. Namaste.
Long
by AlanSantana
2
✴️ Ethereum Classic Next Target Mapped Series ($32 to $42 Next) This is another one of the top Altcoins that I've been tracking/reading for you since November 2022. We also did great with Ethereum Classic back in June/July before I stopped writing. This one generated great profits and it was my first DEX trade. The next and easy target is set at $32 but it can go higher, much higher. The downtrend for ETCUSDT ended December last year. This is followed by a bullish breakout #1. The breakout is followed by a correction, which is normal, and this correction ends in a higher low #2. #3 Is the next leg-UP! $32 Is just too easy and so we are going with the 2.618 Fib. extension for this one and that's $42 as the next target. This is mid-term. ✔️ Mid-term for us means within 1-3 months. ✔️ Short-term within 30 days. ✔️ Long-term can be 3-6 months or everything 6+. After our target is hit we will get another correction. Remember that it can go much higher or a bit lower than what we see on this chart. The next major correction should end in another higher low and then a long period of consolidation, we will have to wait and see. But the low was set last year, the rest is long-term growth. Higher highs and higher lows. Thank you for reading me. Thanks a lot for your continued support. Oh wait! The invalidation point is December's low. If prices go below this level this chart analysis becomes invalid and a new one is needed. All trading above this level and the bullish potential remains intact. Patience is key. Namaste.
Long
by AlanSantana
#ETCUSD - A Small but Profitable Short?Having just locked in 10% with our Long trade on #ETC we're looking at a small but well-worth-doing Short trade, expected returns of around 10%. We've seen the price test and get rejected several times by the upper resistive trend line and now we seem to be trapped in a wedge formation - the price may trend within this range for a small time but given Crypto market sentiment after the recent Bull run, we can see some volatility coming! We don't see massive gains on this one, but 10% is 10%! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:ETCUSDShort
by theCrypster
6
ETH will catch up soon. When to buy? (NEW)ETH has been holding much better than bitcoin. It has also bounced much more than BTC. We expect that ETH will ´catch up´ and it will drop more if the sentiment overall remains bearish. It wouldn´t be surprising if we see a strong FUD regarding ETH which would cause a stronger price drop. ETH real capitulation most likely would cause a huge dump in the whole altcoin market. In the chart you can see (green horizontal trendlines) where are good levels for a dollar cost averaging (for a long term investment or playing a bounce) . Many altcoins will die and will never come back, but we believe that despite a huge drop , ETH will survive and will perform very well in the next bull market. Good luck.
BITSTAMP:ETHUSDShort
by vf_investment
16
ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March. We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up. I hope to see you in webinar today here on tradingview. Link can be find below.
BITFINEX:ETCUSDLong
by ew-forecast
9
✴️ Ethereum Classic Update | Stronger Each DayEthereum Classic continues its sideways consolidation above EMA100. It moved below this level for a few days and quickly recovered. The longer the consolidation period, the stronger the potential for growth becomes for the next price jump. You can look at Ethereum Classic (ETCUSDT) just as Bitcoin when it comes to its relation to the rest of the cryptocurrency market. As Ethereum Classic goes sideways, the smaller Altcoins grow. This is true also for the TOP10/20 Altcoins, as these enter a consolidation phase, together or apart from Bitcoin, the rest of the market can grow. When the TOP cryptocurrencies move up strong, the rest of the market can go sideways or retrace before additional growth. We have a strong higher low in December compared to June, higher lows lead to higher highs. This would place the bottom at the June 2022 low and thus what follows is sustained long-term growth. Higher highs and higher lows; A bull market. Namaste.
Long
by AlanSantana
3
#ETCBTC - Up to 20% Price Drop PotentialLooks like #ETC could be just about to fall off a cliff edge as it reaches the end of this wedge. There's a level of resistance above in the form of a descending trend line and a few levels of historical support/resistance below. We could see a small swing upward toward the trend line, the price may even break through as this doesn't appear to be a super strong resistive layer - but with a strong Sell signal from Crypto Tipster v2 we've set up 2 TP zones based on historical levels. If you enjoyed or agree with this idea - drop us a comment, like & follow! :) *not financial advice ✌️
Short
by theCrypster
6
$ETC/BTC 1W (#Binance) Symmetrical triangle on supportEthereum Classic is pulling back to 200MA and has been forming a falling wedge, placing an opportunist bid sounds like a plan. ⚡️⚡️ #ETC/BTC ⚡️⚡️ Exchanges: KuCoin, Binance Signal Type: Regular (Long) Amount: 4.4% Current Price: 0.000941 Entry Targets: 1) 0.000885 Take-Profit Targets: 1) 0.001387 Stop Targets: 1) 0.000684 Published By: @Zblaba Risk/Reward= 1:2.5 Expected Profit= +56.7% Possible Loss= -22.7% $ETC #ETCBTC #EthereumClassic #PoW #Dino
Long
by TradingOn
Downward movement can continue to the lower support areaETC has been falling in price over the past week. Selling pressure started after the $25 resistance area was reached, and short-term buyers did a lot of profit saving. Ethereum's short-term trend was the classic range, which is still ongoing. But the price hit an important support level in the $20-$20.43 range, which has created a positive reaction, and we cannot consider Ethereum Classic to be bearish until a strong bearish candle closes below the $20 range in the 4-hour timeframe. But by breaking this support, the downward movement can continue to the lower support area. So the next reaction range will be at $17.39 to $18.42. The RSI indicator is inside a descending channel on the daily time frame, which, if a positive divergence forms at the bottom of the channel, has the potential to create signs of reversal and price growth. Therefore, if we see a further price correction, we expect a stronger reaction from the second support level.
by MonoCoinSignal
5
ETCBTC - Squeezed! Pump up and Out?We're just about at the very end of where two trend lines are meeting, creating a certain pinch point within #ETCBTC. The price is about to move, but which way? CTv2 has generated a Buy signal and there are a couple of close, strong levels of support on the underside; these factors help us predict a bullish, upward move. a TP1 at around the 12% mark would be great, a TP2 at over 30% would be even greater! ✌️ If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster
8