Daily run through part 1. Coins listedPart 1:
1. Bitcoin
2. Cardano
3. Bitcoin Cash
4. Bitcoin cash USD
5. Binance coin
6. Cindicator
7. Digix Dao
8. Ethereum Classic
Etc
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
