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Etcbtc

A trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
There is a trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
9
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider: -Fib line -Top of the daily cloud -Descending resistance trend line -Daily pivot Resistance 1 -Descending resistance on RSI We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
Short
by infbp22
New 1HR Elephant on ETCBTCAfter ranging for some time on the daily chart and retracing back to support ETC made a new runup in price. A clear swing high with volume takes the price from below the 200MA and closes the candle above the 200 Moving average. As usual we see a few small rises after this one, and because the prifce barely dipped I would expect price to test local support again before trying to go higher. I would like to scale into a position from the 0.50 to the .0618 retracements levels. A stop is placed just bvelow the 0.768 fibonacci. Should the price not drop from around here, then we redraw the fib to the new high to measure retracements. Because this is the first elephant, I prefer to raise the stops instead of taking full profit on the first bounce from my orders. I will do this 3 times in total before taking full profit on the trade at major resistance. (buy the dip after a new high untill price does not make a new high on this timeframe) This is how I add to a winning position most of the time.
Long
by Coinstreet
1
ETC SHORTS GET REKT, BADLY Frankly, I'd say they had it coming. Who in their right mind would short Ethereum Classic (ETC) when it is due for a Coinbase listing, for all we know in the next few weeks?! Just because you saw some whale hammer the price down so they could capitalize on the panic and buy more, you thought it was a good time to short ETC? Forgive me for being a little straightforward, but you had it coming. If you don't understand the game, just stick to simple buying and selling. How does that work? Well, you buy when it is dirt cheap and you sell when it is insanely pumped up. There's nothing simpler than that.
KRAKEN:ETCUSDLong
by Jefe
13
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.
BITFINEX:ETCUSD
by Edgy_
3
ETC SCENARIOTraders, Here we have ETCUSD 4H chart. Previously in the last idea about ETC we said that we have a launch and determined the TPS and we have TP till 19$ you can check it here below: Now let's look at the bearish ascending wedge. Note that the top trendline is rising. Additionally the bottom trendline (rising bottoms) is rising. It's another battle between bulls and bears. The pattern is formed as each high is higher than previous and each low is successively higher as well. The difference being, the angle of ascent is steeper on the rising bottoms line. The steeper of the two trendlines in both the rising and falling wedge patterns will generally not hold because it becomes harder for bulls (bears) to sustain that acceleration (deceleration) in price. Though the highs are successively higher, their angle of ascent is less steep which implies bulls are not able to push prices high enough to maintain a complete rising trend channel. That is bearish. Selling pressure mounts until finally price will break down from the steep rising bottoms trendline which executes the pattern. Usually we have 7 moves till the break and here we have it one 0.618 Fib and breaking with low potential. Note : This scenario will be canceled if we have coinbase release the pair next months as they said. This chart is a great example of both types of wedges executing with near perfection. Like will be appreciated. Regards, Mohsen
BITFINEX:ETCUSDShort
by MohsenCapital
Ethereum Classic (ETC) Bearish Divergence, drop likely.ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain. Trade can be found here Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position. How to trade: Buy in: On or above the white trendline Sell Target Around 2169 if this idea plays out like last time. if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however. Thanks for viewing! Please leave any comments in the section below. I will respond to all of them.
Long
by HD1184K
2
ETC Potential retracementTimeframe: 240M Main Scenario: While only 3 of the top 100 cryptocurrencies are positive today against the Dollar, the ETC is included also losing -2.40%. On the other side, its behavior against the BTC is very positive in the last few hours, gaining 3% just today in a buying pressure that comes from yesterday and that became solid after crossing the Central Pivot Point: at this moment the price moves over the Pivot R1 in 2162 satoshis and still strong despite showing its indicators in the overbought area; the sellers are ready to press but this may not happen until the Pivot S2 resistance is reached, which is very close to the EMA-100, this will very likely be a strong joint resistance to avoid further increases. We could try for a short position if the price manages to touch the Pivot R2 even below at 2180 Satoshis where the price can bounce looking for a correction. Alternative Scenario: It is the least likely and it could be that the price will continue to rise to go through EMA-100 and continue in the range very close to this point. Entry/Stop Loss/ Take Profit: We can go short if the price reaches the 2180-2198 Satoshis. T1 = 0.002143 (2.1 %) T1 = 0.002091 (5.0 %) The Stop Loss can be placed at 0.002212 (-1.0%) Duration: 1-3 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A range behaviour during the next 24.H around the Pivot R1 will invalidate this setup, Risk Management: Risk/Reward Ratio: 4.45
by Forex_Academy
ETC on its way upHello everyone. If you are looking for a coin that has some really good uptrend days ahead ETC is the one. It has formed parallel channel, hit the bottom at 236 fibonacci level and now heading up. Find yourself a good buy zone and jump in. There will be many swings on its way up so it is a good chance to ean money sticking to one chart. Good trades to you all! Just as an idea, possible nearest Support/Resistance levels are at 2190, 2270 and 2340. These will be profit targets and support zones for SLs in future. P.S. Push "agree" if you are or please let me know why you dissagree. It will be educational both for me and others considering this trade ;)
Long
by WiseAnalyze
1
ETHEREUM CLASSIC MOVING IN ASCENDING CHANNEL!Ethereum Classic moving in Ascending channel. Looking sweet to take in some long positions. I was about to post this last night, but got occupied in some important work. Since, then the price has appreciated by 6%. The Risk/Reward ratio for this trade is: 4.61, it it manages to test the resistance line again.! For those who don't know how to trade parallel channel, read on! HOW TO TRADE ASCENDING CHANNEL: 1/ Support and Resistance: A long position can be opened when a stock's price reaches the ascending channel’s lower trendline and exit the trade when price nears the upper channel. 2/ A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses. Traders who use this strategy should ensure there is enough distance between the pattern’s parallel lines to set an adequate risk/reward ratio. 3/ Breakouts: Traders could buy a stock when it’s price breaks above the upper channel line of an ascending channel. 4/ Breakdowns: Before traders take a short position when price breaks below the lower channel line of an ascending channel, they should look for other signs that show weakness in the pattern. Price failing to reach the upper trendline frequently is one such warning sign. 5/ For those who don't have any knowledge about support and resistance, refer to this: (I can post the chart with in depth analysis using indicators if people need it, but as for now, this should suffice.) P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
BITFINEX:ETCUSDLong
by johntradingwick