ETCBTC trade ideas
#classiciscoming ETC:BTC Watch this spaceJust a follow up on one of my favorite long term assets, this time we are looking at Ethereum Classic ETC relative to Bitcoin BTC. Its the lesser known Ethereum ETH that is going to surprise the market. #classiciscoming
Give us a LIKE or a FOLLOW!
-----------------------------------------------------------------------
Highest scored coin on Coincheckup: technical/sentiment/investment/purpose/communication/roadmap/team
-Backed by wall street:
Digital Currency Group and its subsidiaries
Grayscale Digital Currency Group
Digital Finance Group
Genesis Digital Currency Group Company
Coinbase
Circle (owns Poloniex)
Coinbase
Kraken
Ledger
Coindesk
Brave (software)
-Numerous development teams and initiatives
ETCDEV
IOHK Grothendieck (the same team that brought Cordana ADA )
ETC COOPERITIVE
ETC LABS
More information can be found here:
51% attack, Buy the dip!After the 51% attack,price plummeted 10% & maybe more today, this is an interesting opportunity if you are willing to take the risk.
In my experience 51% attacks are not Crypto extintion events but more like buy cheap sell bounce events where the asset eventually recovers
I have drew where support zones are located in the chart matching Fibs & TD Sups from the UCTS.
Now we are seeing price trying to find support around 1247~ sats, I think we will see lower. In any case wait for confirmation and just trade the bounce
Anatomy of the 51% PoW attack1. artificially clear shorts with a breakout pump
2. activate the attack
3. simultaneously market short (leverage+)
4. slow trickle shadow social media coverage
5. allow for the slow retail/ market to react
6. eventually close the short and then flip-long to rally the springboard
ETC Bull PennantHi friends! Welcome to this $ETC update analysis
Not much needs to discussed around here, its very clear ETC broke out from a classical pennant chart pattern after trading for sometime on a range. This breakout was confirmed by a hidden bullish divergence signal from 4H and 1 H Chart. This is a easy textbook trade, just be careful with the black dotted line as we see this as an area of first sign of trouble. Profit taking around this area is a wise decision. Stop loss should be placed somewhere near the red dotted line. Target is on the chart.
This is just a guide, not a trading advise.
Hit like and follow for more chart updates!
Thanks
-Your Poop Trader
ABCD patternBitcoin currently is in danger of falling so Etherium will follow his moves. If Bitcoin won't fall we may see a breakout sooner. Otherwise it will go wown to the nearest support.
ETC could be in "AB" part of ABCD pattern. If/when breakout next target will be 1330.
15 minutes TF
Day timeframe
