ETCETH trade ideas
ETC / ETH BittrexCheck out the chart. The pink dotted lines are stop-limit orders. The 7 MA crossed the 77 MA and according to the patterns a few months back, the candles usually spike up to hit the 231 MA or to play it safe hit the green .236 fibonnaci level. OR it can continue it's bearish trend depending on how BTC / USD or ETH / BTC is doing...
Descending Wedge Pennant... ETC ETH Mining WarYou have to start to wonder if ETC will have a run up on the back of ETH considering they share mining equipment... A bullish looking Pennant squeezing the hell out of ETC ... Pressure makes Diamonds !!
These work best at yearly lows.. exactly where we are !!
Does it hurt to buy a yearly low ??
A Different Way to Look at AltcoinsWhen looking at some of the smaller altcoins, we can look at the /btc and the /eth chart to supplement our technical analysis.
When we see bullishness on the /btc or the /eth chart and the /usd chart, we know that the breakout is much more likely and have more confirmations on our analysis.
Looking at the etc/eth pair, we see that the price is forming a falling wedge. Each time a falling wedge formed in the past, the price made immense surges. Why would this time be any different? By taking the length of the opening of the wedge and adding it to the bottom of the wedge, we get a first target of 0.06 ETH. That almost doubles our money... in terms of ETH. If you expect ETH to continue rising, this trade could more than double our money!
ETCETH - This looks like a classic textbook bottomETC has been hammered against ETH but here look like a 10X opportunity for contrarian investors. Volumes are low, no one interested so there is an opportunity to get in before others get interested. All minimum requirement for the diagonal triangle have been met. Looks like the low is already in place or it would form in the coming sessions. As with any low, the initial rally attempt is always weak so we could expect that but long there is a 10X potential here if it revisit ICO time high.
ETC - 5th correction waves completed, confirmed by double bottomETC bull cycle is coming. The last correction has ended at the bottom. Price bounced up and confirmed that support 59 days later. Cleary two strong signals for a bullish market.
On the daily chart, MACD is crossing the signal line and goes bold-ish up. Volume is getting positive. RSI shows also a lot of space to accumulate.
ETH vs ETC (The Sleeping Giant)Upon my studying of the massive long term wedge formed on ETH chart I looked at it's comparison to ETC in lieu of recent spike and low and behold we have a buy signal. This is before our signal in ETH has triggered a buy or sell. Early entry here with tight stop below the trendline.