Ethereum Classic UP or DOWN? You can read it here! Must see!Dear traders,
Here is a short update for ETC EThereum classic.
We see the formation of a triangle but also a head shoulder formation.
Currently two important issues.
1. breakout below support level and or neckline Head shoulder formation.
2. Breakout upwards with good volume which points to higher price targets.
A breakout below 78 then ETC probably goes to 46-50 USD.
A breakout upwards then again probably goes to 97.50, 116 and 141 depending on the price action and of course King Bitcoin! You can follow my other posts.
Bitcoin can rebound and if it does then ETC will follow even faster. Probably this will happen but nothing is sure in technical analysis!
This view is as known my personal view on Ethereum Classic. It is not investment advice but a hypothesis. I respect everyone's opinion even if it is different.
Would love to hear your discussion traders. What is your view and very important why! An idea is good but without analysis it says nothing of course.
Etc
ETC/USDT - ethereum classicAs a Beginner learner, tries to share my opinion in order to verify it in the future to learn from my mistakes and to reward myself if I found that I was right.
If possible, follow me and correct my mistakes so that I can learn from you.
I am a new learner in the cryptocurrencies domaine, and my analysis are not investment advice to anyone, I just want to save an archive of my analyzes in order to monitor my learning level.
thank you so much 🥰🥰
Crypto to over take Forex $5Tn a Day next monthI am Bullish Crypto as a whole. Have been investing and trading Bitcoin since 2011.
But as a trader of 21 years, I also know for the Crypto sector to remain healthy and flourish, it needs a couple of things.
Firstly a rest, it does not mean it's changed to Bearish sentiment. However, knowing that over 70% of retail lose money & it would not surprise me if that is higher when it comes to crypto. You can clearly see some bitter words online - especially when you say the words "short or Bearish".
It is for this reason the market needs to take a breather, professional money does not directly equate to flights to the moon.
Some common sense is required, if retail sentiment is mostly long - we have seen a buying climax at a wave 3 extension in Elliott weekly terms. So this move sideways is to be expected and part of the natural market cycles.
We have a tired Bull and a baby bear.
COT leveraged funds are still net short, Retail sentiment net long = who usually wins?
Grayscale still offering the biggest discount for their BTC fund.
This won't happen overnight, some cycles take years to evolve. We are currently mid-way through a genesis wave, which is being turned into a professional instrument in front of our eyes. There will be heartache, there will be pain and of course, there will be euphoric moments.
When Elon stepped up and said Tesla will accept BTC; it added industrial credibility. Other publicly listed firms would have quickly jumped on the bandwagon. Then the pullback tweet happened. This is a speed bump and not the end.
As most money managers (managing funds for the wealthy) do not understand Crypto, Blockchain - they will go with what makes sense on paper, BTC has a track record of insane gains, so their exposure can be protected (to a degree) so when they pitch for more AUM (Asset under Management) from their high net worth and corporate clients, they can tick the "exposure to crypto" box.
This is why BTC is ahead of the curve compared to most of the other coins and tokens as of today. You can see from my last couple of video posts and our streams, the Wyckoff and Elliott schematics are almost textbook in BTC. But as I said above, professional money does not simply convert to "Bull run forever".
The crypto sphere needs some tightening up & again this will be good for the market and sector. Regulators will find ways, the governments will find ways to bring their oppression to crypto. Like it or not, the powers won't take it laying down. Or we will have a world full of bankrupt bankers and Billionaire former postmen & bricklayers (no offense to either profession).
So although it's positive - it does need a rest and this is the logical location for that respite.
Joking with the title - we are a while away from that. But it might happen - one world currency n all that.
We have covered a lot of the charts and logic above, Elliott and Wyckoff in our discord community. Also more streams this coming week.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Ethereum Classic Unstopable ! Is coming 1240$ It is not an Investment Advice.
The transaction volume is not decreasing. This is extremely important. We managed to turn the direction at $ 90. I said it in the comment in my previous post.
ETH= 4440-4540-4740-4940$ the same time ETC=282-440-540-740-940$ this is my guess.
We say wish. If we bought it again at $ 10-15.
We collect between $ 0-130 just to avoid saying I wish.
We do not have a purpose like selling, we are focused on Collecting at the moment. We are very happy with the thought.
Winter is coming to for you // ETC Bears
What is Ledger Nano and Unknown Wallet?
I say to 1000$ , I am a little fund manager.
I do not like to brag about old writings.
But my Analysis holds 100% so far.
I and my team are on duty 24 hours a day.
We slap the slightest bear ever seen. Our job is to manage funds.
We manage our Clients' money.
In return for this job, we get 10% from 100%.
We report and organize our Purchases and Sales Separately.
We have no lost customers since 2013. There is something called Inflation in the world.
States Print and Distribute Unlimited money.
So why am I sharing this information?
I share it so that people who buy Shit coin or pump coins, which are always making losses in the increasing market, do not lose 100 times when they earn 100 times.
I am aware that I always give long. But while money continues to flow, who sells their goods cheaply?
The stock market is a constantly evolving and news-hungry market.
The market reacts to every bad news or comment.
Reacts with every good news.
Market prices are priced as expected.
Don't be afraid of proven coins.
ETC is in the bull market.
It is important to increase the number in the Bull Market.
You can not own money and become a Millionaire with 1 item.
ETCUSD Two Buy Levels for short and long-termPattern: Fibonacci Channel on 1D.
Signal: Buy short-term on the 1D MA20 (light blue trend-line) which has been a confirmed buy level since April 23. Buy long-term within the 1D MA50 (dark blue trend-line) and the 4H MA400 (yellow trend-line) which has been a confirmed buy zone since January 03. 1D RSI on Support (Double Bottom).
Target: 400.000 (below the 2.5 Fibonacci extension assuming 78.000 was the bottom). It is also below the 5.5 Fib ext of the Channel.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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Ethereum Classic in channel with Inverted H-S pattern. Uptrend!Dear Traders,
Here is a brandnew update of Ethereum Classic on the 2-hour chart.
We see that ETC has formed an inverted head shoulder formation and is now forming the right shoulder. If this H-S pattern is validated by breaking out above the neckline and then a retest of the neckline, then we see the first target for the pattern at 145 USD.
I notice more volume in the right shoulder and that makes the rise all the more likely! We need to clear the upper boundery of the downward trendchannel to be sure. Then we also have higher highs and higher lows!
By the way traders, this is not a limitation but a preliminary target for the H-S pattern . Probably we are going to re-test the old top. After that there will be new analyses for ETC again but I also update regular these charts. See also my other posts of Ethereum Classic.
Currently the important levels for support and resistance are, 75, 87, 100, 109, 122, 133, 145, 160 and 179 USD.
I wish you all good luck with trading and nice profits!
If you guys appreciate these analyses it would be nice to give me a like and follow me.
This analysis is my personal view on ETC and not an investment advice. Always do your own research before trading and be sure to place stops and use money management.
Ethereum Classic - ETC - On the rise? $200 target?Ethereum Classic - ETC - On the rise? $200 target? HODL is the motto!
ETCUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price was able to break the resistance channel line and move upwards. If the price does not fall below the line, we can buy for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ETCUSDT Correction is over for ETC?ETCUSDT(4H CHART) Technical Analysis Update
Flag Pattern
ETC/USDT currently trading at $104.00
Buy-level: Above $110.00 (only buy if 4h candle closes above $110)
Stop loss: Below $89.00
Target 1: $118.00
Target 2: $128.00
Target 3: $134.00
Target 4: $150.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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