Ethereum Classic (ETC) - May 8Hello?
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Bitcoin Halving has about 5 days left.
It is expected that this week will be flown to decorate the finale of Bitcoin Halving.
You must get support at point 7.008.
In addition, the short-term uptrend line (2) must be supported.
We need to make sure we can touch the 8.3 point by climbing above 7.685.
If it falls, I think it is likely to fall below the long-term uptrend line (1).
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Rather than deciding to which point it will rise, I hope now that I can decide where to keep the profits and losses, and close the upward trend with good results.
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See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ethereumclassic
Ethereum Classic (ETC) - May 3Hello?
Dear Traders, Nice to meet you.
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Bitcoin Halving has about 10 days left.
It is expected that the upcoming week will flow to decorate the finale of Bitcoin Halving.
I think it is one of the coins that showed the flow that left much regret.
It fell after failing to cross the 12.0 ~ 13.0 section.
If you fall below the long-term uptrend line (1), there appears to be a possibility to touch below 2.443.
Accordingly, I think it is necessary to use careful judgment when falling.
Below 5.889, I think it is a mid- to long-term investment area.
We need to make sure we can climb above the 8.3 point.
If it rises above the 8.3 point, I think it is necessary to use careful judgment to preserve profits and losses.
Hope you get good results.
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Rather than deciding to which point it will rise, I hope now that we can decide where to keep our profits and losses and close the upward trend with good results.
----------------------------------------
See support, resistance, and abbreviation points.
Support or resistance is based on the closing price on the 1D chart.
Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC/USD Looks Extremely BullishEthereum Classic is currently in a run up almost 13% on the day. I believe as long as BTC behaves we could see an even stronger pump in the short term. I would be cautious of entry right now. As I stated, stability of the pump is really dependent on BTC holding or breaking its current range. However, if managing risk properly, this could be a very profitable long. I'm personally up over 9% P/L. I got in at 6.97 with 2X leverage and I plan on holding it for a while longer. Trade safe out there!
[ETC/BTC] Ethereum Classic is trying. Would Bitcoin allow it ? Buy Range : 0.00078
Stop Loss : 4h close below 0.0007730
Target 1 : 0.00086
Target 2 : 0.00097
Target 3 : 0.00104
- Breakout , correction and retested trendline.
- Very tight stop-loss offering a good risk/reward
- If drops expect retest the last support once again.
Good luck !
BTC.D bottomingInteresting comparison inverting the BTC.D chart and comparing it with ETHBTC. If you believe that BTC altcoin pairs have bottomed, then you probably also believe that BTC dominance has also topped.
Some major long term indicators are flashing here, including MACD cross on the 50/100 weekly.
Fibonacci WavesAn idea regarding Fibonacci
I believe the price within the arcs of the fibonacci circle move in waves
With 1.618 being a bearish wave in this case, with a bullish transition to another ring.
There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning.
Explains on chart.
If anyone knows more about this comment please.
Ethereum Classic (ETC) - April 19Hello?
Dear Traders, Nice to meet you.
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It should rise above the critical point of 5.889.
In addition, it must be supported by the long-term uptrend line.
We need to make sure we can rise above 8.300.
S-L continues to be added.
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It's time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Big test for BitcoinLot's going on in the markets, Bitcoin is no different.
We just got rejected off the 50D MA and the resistance line established back in early/mid February and are attempting to maintain upward momentum. I exited my Stellar position a few nights ago and bought back in cheaper this morning on the dip. Still holding my ETC, and BTC. Considered exiting ETC last night but chose not to because Bitcoin had formed a potential bull flag on the 6H and I didn't want to miss a rally.
The books look bullish to me (barely), as do the 1 day RSI and MACD, two similar but yet still different indicators. Potential Elliot Wave formation as long as the 1D candle closes above $6800. I'm looking for a 5th wave surge now which, if it happens, will probably get rejected off the 200D MA, but may also break-through with enough force and send us toward $9,500. Which is where the large resistance trend-line is that goes back to the peaks in 2017.
The halving is in a month. The Central Banks keep pumping trillions into the economy, and we're on the verge of a global depression. I think these are all bullish factors for Bitcoin however some would argue that a major depression could see the crypto markets tank along with most everything else; except bonds, gold, and silver, all of which I'm heavily invested in as well. I believe Bitcoin would be in that "safe haven" category but many others do not.
The massive tether injection 2 weeks ago is a bullish signal as well. Yet some are saying it was just a bookkeeping adjustment to account for TRON being added to the tether market cap. But the numbers don't add up and I've seen no proof of it anywhere (send if you have any please).
I'm bullish for sure. But not so naive to think that we may not break down. We will have some Q1 financials come out this week as well as some macro data which will probably send the stock markets into a tail-spin. Some think Bitcoin will follow, I do not. Time will tell.
Trade smart. I'm long but willing to cut losses and be wrong if it looks like we are breaking down. But I have no stops set currently.
Good luck!
Ethereum classic setting descending triangle- ETC creating a descending traingle, which usually have the tendency to break to the downside
- Volume is nowhere to be seen, will need a spike upon breakout if we want to see a sharp move
Breakdown target: daily resistance @640 satoshi's
Breakout target: weekly resistance @946 satoshi's
Ethereum Classic (ETC) - April 12Hi?
Dear Traders, Nice to meet you.
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It must rise above the long-term uptrend line (1), which must be supported.
The 5.889 point is an important point in the low-cost segment and should rise.
The position of the abbreviations has been changed slightly.
please check.
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I think the current situation is not good enough to understand the overall flow of the coin market.
Accordingly, it is time to focus on selling rather than buying to preserve profits.
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Description of abbreviations shown in chart
R: Resistance point or section, where a counter is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
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"Like" is a great power for me.
We will try to reciprocate with better information.
Thank you for always supporting.
ETC / USD — Continuation Setup. Target. Stop loss.Hey friend! Making everyday chart updates for you, send me requests.
Check out last ETCUSD analysis.
Price after breaking out from the Triangle pattern, now going to resistance zione
Looking to increase position near 5-ish prices.
SL shared in my group.
Keep position size small and safe.
Target at 6.5 zone.
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
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ETC Trading PlanHello Traders,
The ETC is close to a support level and is forming a high wedge formation. It looks like it is close to making an upward movement soon.
We recommend opening the long position if it breaks the high wedge above the support level. It would be a great opportunity for low risk with a potential high profit trade.
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ETCUSD has formed bullish Shark | Upto 384% big bullish movePreviously I published a post on Ethereum Classic where the ETC was forming a bullish Butterfly and as per prediction after completion the ETC produced more than 270% big gains.
Formation of another harmonic pattern:
This time on again 2 day chart the price action of Ethereum Classic has formed a bullish Shark pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $4.359 to $2.236
Sell between: $6.413 to $10.837
Stop Loss:
The potential reversal zone area which is up to $2.236 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for midterm and long term traders not a short term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.