Nicks Crypto TrackerI'm looking at different assets to
| compare growth rates
| track inflation
| notice trends
I'm curious if there is a transfer of trust from traditional banks to digital decentralized options & newer asset classes, especially want to watch how this plays out internationally and with younger generations entering the investment world.
ETCUSD.P trade ideas
ETC/USD the beast is looking to be fed. volume has dropped significantly, this could definitely just be cooling off for the next jump up. After all we did move very much very fast. waiting to see what way we break out of this wedge. 90"s area is still a very strong support level but now so is the 110 area. hoping for volume to pick up throughout the day and bulls to come back alive time will tell and until then I will be watching very closely.
ETC short term planThe main play is to look for $100-90 levels, where we find the strongest relative support. Entries here should range from 10%-20% if you truly believe in Ethereum we can see a slow return to $170 and ultimately $200 (eventually)
* Just an idea not trading advise.
Let me know what your thoughts are, I am quite new to crypto I usually trade stock options.
EtcMy ideas are standing for now that we are in correction I’ve been expecting. 103-105 should remain support. Otherwise 90$ and 86 are low targets. I am watching 118 to contiue to hold but we have def wicked below a few times which is more conscerning that this level won’t hold let’s see how it plays out with this speculative falling wedge o have drawn out
Eth Classic Buyers about to learn about the crypto markets quickSupply imbalances stemming from the 51% attacks have left exchanges fearing chain rollback. If you are buying ETH classic and dont know what that means, get ready to lose some money.
Fact: it takes 40,000 confirmations to move your coins onto Kraken. It takes 10,000 confirmations to move coins from cold storage onto Coinbase Pro.
CB Pro has restricted Market Buys and Sells.
Since it would take me over a week to move ETC to an exchange, the buyers are simply overwhelming the supply because sellers cannot get their coins to reach the exchange fast enough. This is evident in the wide range of price quotes on different exchanges. Arbitrage is impossible because exchanges require so much time to move the coins. This market is very inefficient in my opinion, and the fact that if I wanted to sell, I couldn't makes it even worse.
The time to buy ETC was at $10 anyway, and the fact that Robinhood offers ETC, but no way to move it is setting up FOMO Noobs with some massive potential losses WHEN OG HODLERS DECIDE TO WAIT 7 DAYS TO MOVE THEIR COINS TO DUMP THEM IN TRADE FOR PRODUCTIVE ASSETS LIKE ETHER.