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ETC VS ETH "In Depth Look At Market Accumulation"Welcome Back! Today I wanted to dive into the accumulation cycles of Ethereum compared to that of Ethereum Classic. Even with news of coinbase listings, ETC seems long forgotten. But, is that really the case? This chain of ideas should cover the past, present, and future of the battle between ETC and ETH. Taking a look at the 2d chart, we have the first leg in a 1-3-5 Elliott Wave sequence. Based off Elliott Wave Theory, the 1 leg is the first move that generates the future hype in the market cycle. My most profitable trades have come from accumulating the 1 before we move into the 3 Wave of the Elliott Cycle. Next on the cycle for ETC is the very expansive 3 wave. The 3 wave is the rally which generates the most hype and price discovery. Below I have labeled my target for casting bids on the retrace. Majority of my bids will be placed near $8. Next, we shall dive into the comparison of market cycles between ETH and ETC. Stay Tuned! God Bless,
POLONIEX:ETCUSD
by UnknownUnicorn846565
4
watching ETC to hold supportI am keeping a close eye on ETC both versus $BTC and USD(t) I feel with its recent addition to coinbase, any rally in the broader markets will propel ETC to being one of the top performers. Also seeing a slight increase in twitter/reddit activity on this name..... they are both sitting right near pretty decent support areas. I am focused more on the ETC/BTC chart but I am seeing both as offering a decent technical view. /BTC i would be looking for an entry as close to 1800 while playing the breakout from the down-trending line. Areas to watch for me are 2000 and 2330 while risking about 7 % on the downside with a stop at 1675 /USD(t) is a little trickier with the risk:reward, more specifically on the downside/stop price. 11.50 seems like good support area, and would be looking to get an entry as close to that as possible. On the downside, having a stop loss below the lowest low would make the R:R ratio too imbalanced for my liking, and even moving it to 10.40 would be 9%. I feel my upside targets are somewhat conservative, so I am willing to stretch the R:R a little bit to what i am usually looking for; and not necessarily selling at those prices, but re-evaluating its strength. Of course, this is predicated on what BTC itself does.
Long
by PMtrading20
ETCBTC without emotion interference The blueish rectangle showing very peculiar price action which took place on the first half of august. This strong bullish movement was wiped out with couple of days and pull it down below the most important support/resistance level for this pair which is 0.02. I can see 2 possible scenarios the pair will be pull down by 200 EMA on 4H chart and most likely 0.02 level will no be breached or Pair will do another attempt to go above mentioned level and then it will be pulled down by 200 EMA towards 0.01. If my scenario is correct ETCBTC should stop for while around 0.013700 and then try to reach 0.01. The pinkish rectangle refers to strong support/resistance area when closing short position is not a bad idea.
Short
by Krystiannwk
2
Ethereum Classic Another Ride Up!As the crypto bull cycle seems to be almost over and Bitcoin is looking to finish its last wave up we should be looking for that one last trade which can bring us gains... I have been looking at the market whole day and looked at many coins but most are already finishing their wave up just like Bitcoin however when I looked at ETC I saw that there is bullish divergence on my indicators and it has just got out of the descending channel with a reversal pattern. So just recently ETC pumped due to the listing news on Coinbase and then dumped retraced so if we stick to our reversal pattern we should at least go to the peak we have made due to the news so that is short-mid term 15% or more gains and as we know that the crypto bull cycle is at the end ETC is a really good one because when we reach our targets we can sell it to USDT and to fix our profit and look for re-entry in Bitcoin because when Bitcoin is finishing its cycle up and is looking to go down we shouldn't go into any trades in crypto but fix our position and wait and enjoy the gains we made in this cycle ;) Good Luck, Traders! #moon #mooncommunity
Long
by farhadjafarov7
Ethereum Classic Third Impulse - Long.- Compressed Oscillators - Deep Triple Zigzag correction for Wave 2 down. Third impulse coming up (the most powerful impulse wave up) - which will also have a light wave 4 down due to the deep wave 2 correction. - 55 EMA strategy buy signal on 1hour. Developing on 2 onwards for confirmation. - Bollinger bands are squeezing and volume has been ramped up for days now with falling price displaying accumulation. - Listed and trading on Coinbase with BTC making bullish strides. Targets included calculated via Fibonacci extensions and Elliots wave theory .
by fcgtrading