ETC moving on fundamentals -don't get your fingers burned!Hello my dear ETC traders, hope you're doing fine guys! :)
ETC has been moving pretty crazily over the past few weeks, mostly due to fundamental news of the Coinbase listing. This is not an environment for beginners to trade, I am not touching this at all right now, and I'm showing you why, together with some long-term weekly view. Have fun watching! :)
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About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Etc
ETC perfect break of Descending TriangleHey guys, hope you're doing well! :)
In this video I'm going to show you how perfectly you could've played the Descending Triangle pattern both on the Daily & on the 15 Minutes, giving beautiful 14% cumulative profits to the downside.
If you have difficulties recognizing such patterns yourself, make sure to follow me! I'm doing Daily Crypto Analyses!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETC - BTC Bearish outlook, continuation confirmed?Here's a quick video on my perspective of Ethereum Classic (ETC). I'm new to Elliott waves and video-making so apologies if I'm unclear about my definitions and I know I butchered the history behind the DAO and the fork.
For the coming weeks, I expect ETC to complete its correctional wave before seeing continuation to the downside before finally entering a sideways channel, probably choppy due to the volatility of Bitcoin and Ethereum.
When I said “cycle” regarding Elliott Waves throughout this video, I meant to say “wave” and the main trend is called an "impulsive wave". I also forgot to go on with explaining that an "Ichimoku cloud flip" from red to green would be a bullish signal, and the cloud has also contracted around the price range at the moment while the 200 and 50 MA have been slowly approaching for a golden cross. That's why I think over time, after the downtrend continuation plays out further, this will possibly consolidate through a time of establishing price floors. As I said, I’m quite new to this and if I made any other mistakes, please throw me a comment. I appreciate the feedback!
Ethereum Classic's official website: ethereumclassic.github.io