ETC/ETH: Bottom is in. Reversal on sightLately I've started to think this is probably the pair to observe for ETC.
ETCETH trade ideas
ETHETC: Watch these price targets and time targetAs much as I dislike ETC, the chart here shows some levels where price could reverse...as well as the time target expiration for the last rally in this pair. Overall, I am in favor of investing in Vitalik Buterin's project, so, from day 1 I didn't think ETC was a good thing to hold. The chart has proved me right thus far, but at one point, it might become a good 'Ethereum hedge' in case of a top in the rally.
This could coincide with the point when the monthly trend tops in ETHEUR, so it wouldn't surprise me if that's the case.
Just set some alerts here, and stay ready for updates. It might just keep going until the time expires, then we would need to revisit the chart and track progress and update the fundamentals.
Cheers,
Ivan Labrie.
$ETC vs $ETH - Who Will Be Victorious?2017 is setting up to be a great year for Bitcoin and Altcoins!
I pointed out in early Jan 2017 that the 2 big plays of 2017 would be $ZECBTC and $ETCBTC, and that I don't see this happening until somewhere Mid-2017.
More recently, I expressed that ETC has the potential to outperform ETH.
twitter.com
Not taking any position just yet.
Otherwise, consider a long at the bottom of the channel with a small stop loss - quite a straight forward play with a large R/R.
Share your thoughts; what do you think will happen between $ETC & $ETH?
Trade ETH & ETC with up to 33x leverage on BitMEX !
P.S.
A lot of what I'm saying in terms of timelines depend largely on $BTC breaking ATH -1.50% with a parabolic move sometime in June-August. However, in another scenario I could see this happen 2 months earlier. There are various reasons why I say so, but god knows what will happen.
ETCETH possible trend reversal engulfing candle and round numberWe can see here engulfing candle which established resistance for further losses. Engulfing candle alone is not a strong trend reversal signal but with round number (which seems to be much respected by crypto community) could be good point to enter with long position. It is possible that if price go north it will find strong selling pressure around GAP which is located at 0.080000. If the pair will manage to go thru that level it will most likely reach 0.10000. Safe SL would be small bit below shadow of the bearish candle from 17 of March with TP just before GAP.
ETCETH Daily Reversal SetupDaily Chart lining up for a possible reversal as altcoins gain more and more momemtum with bitcoin staggering around $1,000. Expecting a move very soon to provide more insight on the future direction of the trend. Watching for a break above .05 - .08. Watch those fibonacci levels since the market loves to hit those magic levels.
ETCETH 4hr setupWatching for a wave continuation higher. This has yet to see any of the action from recent Ethereum volume. Reminds me of XRPXBT @ .00000450
coinmarketcap.com
ETCETH Ratiothe chart has all my thoughts on it. in a nutshell, the coming launch of the Greyscale Trust and decent TA seems to point to ETC getting ready to challenge ETH in 2017/18.
