ETC/USDT Main trend. Triangle (pennant). Psychology. Pamp.The coin is the "parent" of the expensive ethereum.
Coin in the coenmarket : Ethereum Classic
Major trend. Which has formed a large upward channel. Timeframe 1 week. Huge pump (fractal repeat of 2017 May). Pullback. Which formed a triangle (potential upward pennant canvas) in case of a breakout of resistance and the price going up to the upper limits of the channel. Zones of levels to work showed on the chart.
Hamsters and "experts" recommend to buy now and even before the decision of the local trading situation on the triangle. After all, the price is now about +1500% of the average accumulation price, and from the bottom of the channel more than +2000%. This is the best time to buy "Hold" and it is very important, if the triangle will be broken through and the price will grow to the resistance of the outer channel, then in no case do not sell, otherwise the main postulate of hamsters and expert bloggers will be broken:
[BUY IN THE MAXIMUM, AND SELL MUST ON THE LOW IN THE POCKET!!! .
There are two potential position reset zones. The price is in just one of them right now. But that does not mean that there will not be waves. For example, on DOGE the position is reset with a partial payoff (pours when holding zones), but the price is growing and significantly. But this is relevant for traders (real, not imaginary), people who are good at risk management and know how to work on the situation, and not the situation leads their emotional decisions and unpreparedness if the price goes against their expectations.
My previous work on this coin.
Posted when the price was in accumulation before this pumping. Working in and out of a horizontal channel. Not a public trading idea. Published 09 26 2020.
ETC/USD Local work. Potential entry points
Press play on the chart, press the left button and pull the chart up, you will see the exact level of the first reset of the hamsters position 43,221.
The price at the pumpe is pushed much higher (no sellers, all liquidity and sales are absorbed at the lower values, usually near the accumulation resistance zone up to +100% of it), so weak market participants are not afraid to buy "cheap" when they see the previous price. The more expensive the price, the more willingly the weak (stupid, lazy) market participants buy the asset for the long term.
Most people are afraid to buy cheap and without a team. Everything cheap to them is scam, but if scam goes up in price, it is whitened in the eyes of stupid market participants. It becomes no longer a scam. There is already a cult of believers in the next crypto phantom of promise. They foam at the mouth to defend their stupidity. Admitting their mistakes confirms the former stupidity of man. Not everyone is capable of this.
A foolish person does not see what was in the past, but only what he has fantasized about. Consequently, he only sees the potential very expensive price, but doesn't see what the price was in the accumulation just 1-2 months ago before pumping. Buying +1500%-2000% is common for the likes of him. It's useless to prove it.
The programmed man of the crowd thinks only by its opinion, single conscious thoughts with a difference from the main mass will be crushed in a moment by "experience and expert opinion of the majority".
The man does not trust himself, he trusts the majority. The crowd always loses. The rare win is nothing more than a planned tactical move to direct the game background of the characters to shape the reality of the players in their game.
Play with dignity, think for yourself. Don't be background characters and "stock players" in someone else's game. Even your erroneous self-made decision is true, at least at the time it is made for you, even if it ultimately turns out to be not quite right. Of your many truths right and wrong is not an easy path to truth.
Publication 10 01 2021 Non-Public Work.
ETC/USD Mid-Term Work
+3100% from accumulation lows/maxims. Over +1000% profit in areas of acceptable liquidity.
Local work. This triangle on a large scale .
ETC/USDT Secondary Trend Pivot Area Triangle 327
In order to make money in the market, you need someone to give you money all the time. If no one is giving, no one is making money! The cryptocurrency market is super profitable, so giving money away is a super fantastic percentage.
I've attached my previous work on this trading pair over the past 3 years under the idea.