ETCBTC trade ideas
ETC/BTC: The Calm Before The StormAS ETC continues its multi-year down trend, I am seeing signs of investors longing the bottom (notice the ever-increasing ADL... which I assume are buyers since we are at such depressed prices). Also, notice the increase in volume. The circled fractals appear similar and preceded the prior 2019 ETC price pump. The HV indicates VOL is contracting since the beginning of 2020. The contraction period prior to the 2019 pump was approximately 250 days; we are currently on day 203.
This is my style of investing because of the extreme asymmetric risk. whichever way the price move is, guaranteed to be explosive for such a long contraction period.
THIS IS NOT FINANCIAL ADVISE. CRYPTO IS HIGHLY VOLATILE.
ETC/BTC (Target Key Support Below)ETC/BTC
-Ethereum Classic broke the local support at 6174 sat range
-The price started falling further, If we look at the chart
-We can see the Key support is located around 5000 area
-This zone will be crucial for the Bulls
-But will be another buying opportunity for potential strong bounce reaction
-Aggressive traders will start scaling in at 5000 area to hit a high reward trade
-While conservative traders will wait until the break of trendline resistance
-If you are a long term investor, I recommend buying at key support
-This will give you more buying power to load your bags :)
ETCBTC, The best Buy Zone!I show you the best buy zone above the Support/Resistance Zone.
If BTC will rise more we should pay attention to such levels.
Potential profit will be 3 times bigger than the risk.
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ETC/BTCHuge potential upside on ETC/BTC is here. The coin has been testing the horizontal support zone for quite a while. It has also broken the downtrend line and resting it. Given the whole market is pumping right now, its hard to say ETC isn't going to have its turn.
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