Etc
ETC Wyckoff Method market manipulationETC/EUR EXAMPLE
Whales and institutions change the whole scenario by using trader behaviors and they know everything better than us.
The worst part is that every time it looks like the crypto market is recovering some sort of fud manages to make the news, which causes another massive sell-off.
Then when all hope seems lost and you’re convinced cryptos dead the trend suddenly reverses and the fomo strikes back. Now, it’s almost as if someone is trying to make you feel fear & greed at just the right time to move the market in a way that makes them money and leaves you empty-handed.
This has been both a meme and a common saying in the crypto space for many years and it sounds like nothing more than a conspiracy theory. But this is exactly and that there is even a way to predict these market moves in the advance.
It has reached good points for long-term investmentIn the daily timeframe, it has reached good points for long-term investment, and you can enter in this range and if you test $ 28, in that range for the long term. A negative trend line (RSI) is observed, which has been reacted to this line many times. If this negative trend line is broken on a daily TF, it can give traders a good profit. Currently, in the range of $ 33, there is a weakness in the trend, and it can have a return to the range of $ 36 and $ 38.
Ethereum Classic (ETC) Broke Out With Bullish DivergenceBroke out with bullish divergence:
On the daily time frame, ETC has broken out the down channel with bullish divergence, as the priceline is forming lower high and RSI is setting higher high.
Tested strong support:
The prcieline has also tested strong support of $28. This support is not broken down since April 2021. The way the price action has bounced from the strong support and broke out the channel can be a big signal for a big rally soon.
ETC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETC is sitting around a strong support zone in green so we will be looking for buy setups.
on DAILY: ETC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower till the lower green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETHUSDT new entry pointsETHUSDT trade so far moved in well organized way and we earned 3000+ PIPS profit. NOW there is two possibility in case of market liquidation situation. Trade can revisit again in yellow bar supply zone area. keep one position in that area and keep holding your existing entry around third 3D point of entry.
We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button.
Ethereum Classic Invalidates its 1-2 Setup: Warning Shot?Ethereum Classic ( ETCUSD ) spiked down HARD along with the rest of the crypto universe between 12/3 and 12/4! The whole sector crashed so hard, in fact, that many technical supports were broken with ETC being no exception. Breaking below the 32-38 range means that ETC has pulled back LOWER than the origin-point of what we were calling the Subwave (i), so the purple primary impulsive path has been invalidated. We have more or less confirmed that the bearish red alt pattern is in effect.
More specifically, I have added the new GREEN pattern which interprets the correction from May 2021 to present-day as an Elliott Wave "double-zigzag", an uncommon but not rare formation. Double-zigzags (or double-threes) are 3-wave corrective patterns in which each subwave is ALSO a 3-wave corrective pattern. In the case of ETC, we have all zigzags for subwaves within the larger green double-zigzag pattern. In order to prevent confusion, we use W-X-Y nomenclature to describe the subwaves of a double-zigzag in Elliott Wave Theory.
While this invalidates our immediate upside setup that would've gotten us into the subwave (iii), it does also mean that we cannot project a top at this moment due to the lack of a clear (i)-(ii). And that may be a good thing because what we were calling ETC's subwave (i) was PATHETIC! This gives ETC and many other cryptos a mulligan to get us a better subwave (i). Relying solely on the big picture pattern we have at this moment, I would roughly expect any rally to take us to the 0.382-0.618 extensions of the larger structure from March 2020 - May 2021, which would fall between 131 and 337, but these are very crude estimates.
Other cryptos that have also invalidated their (i)-(ii) setups just like ETC are BCH, FIL and EOS . All of these cryptos were underperforming similarly with unimpressive subwave (i) extensions, and now they all have a blank slate to redeem themselves.
While there is a bit of 'doom and gloom' in these aforementioned cryptos, BTC , ETH, DOT, XLM and MATIC all have their upside setups still intact despite the big selloff. BTC barely hangs onto its nested 1-2,i-ii setup by a thread, but ETH pulled back almost perfectly. This means that our overall big picture targets for subwaves (iii) and (v) are still valid for these cryptos. Ethereum MUST continue to hold its 3307 major support while Bitcoin MUST hold its 39,600 major support. Failure of these two main cryptos to hold their majors supports would be a HUGE warning for the entire crypto space!
Finally, we have LTC, DASH, SOL and LINK. These cryptos invalidated their NESTED 1-2,i-ii setups but not their overall (i)-(ii) setups. What this means is that we can interpret their rallies from summer 2021 until this week as A-B-C 'corrective' rallies, which is indicative of these cryptos potentially continuing their overall structures in the form of 'ending diagonals'. Diagonals subdivide into 5-wave structures but are choppy with lots of overlap, and their subwaves take the form of 3-wave A-B-C structures.
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#ethereumclassic #ethereum #bitcoin #cryptocurrency #ethereummining
ETC/USD LONG SET UP(HODL)ETC/USD LONG SET UP
Bulls want to see further consolidation and then for big bullish volume to come in and drive Ethereum Classic up above the $65.33 level for confirmation the uptrend is still intact. The crypto has resistance above at $60.89 and $65.10.
Bears want to see big bearish volume come in and drop Ethereum Classic down below the $55.74 level, which could put the crypto in danger of losing the uptrend. Ethereum Classic has support below the level at $50.55 and $44.66.
SUPPORT- $39.00, $31.00/ $25.50
RESISTANCE- $50.50/ $63.00/ $75.50/$83.00/$100.00/$110.00/$117.00/$125.00/$150.00
Ethereum Classic (ETC) Buy ZoneEthereum Classic (ETC) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Long-Term : Bullish
Now that we’ve seen a cool down in price action, Ethereum Classic has seen a ~10% drop towards $45.5 where it found strong support.
--------------------
$ETC/USDT SPOT SETUP
Entry Price : 44.65 - 46.6
TP 1 : 50.6
TP 2 : 54.5
TP 3 : 58.1
TP 4 : 62.3
TP 5 : 70.25
TP 6 : 76.35
TP 7 : 86
TP 8 : 99
SL : 39.45
*Maximum 5% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
ETC is weak but there's at least last final breath to be done...ETC looks very weak after its pump and to me there's noting to expect, however there's a good chance to visit $55 - $59 at least before squeezing down the support line.
I expect it to go below current support, and on its retest, complete 'W' pattern with massive fall down to $13.
Elliott Wave Expanding Triangle Pattern
Hello friends,
A Possible scenario is shown in the chart.
The pattern emerges normally between one rising and one falling diverging lines.
Expanding triangle consists of 5 waves marked 1-2-3-4-5.
The best way to trade an Elliott Wave triangle is to anticipate the end of wave '5'.
Sometimes this is easier said than done!
Personally, ETC is a good long term investment (Also!).
ETC - false breakout as a good buying opportunity!Ethereum Classic broke through an important key level of $46.8. A lot of liquidations took place because of this drop. At the bottom, we can see that the volume has increased, which is a signal of large liquidations. This is a good signal, liquidations are fuel for continued growth.
In case of a false breakout of the 46.8 and 42.15 levels, there might be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.