Etcbtclong
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
Ether Classic (ETC) Descending pattern, another rally possible.ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.
Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.
I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.
This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.
Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:
ETC LAUNCH Traders,
Here we have ETCUSD 4H chart.
This monster is preparing for its big move next few weeks but we have levels to break
1-17.8$
2-19$
3-20$
4-The Heaviest level will be at 24$
We have a question: Are we bullish ?
Ans: Not yet till we have a separation of BTC moves like ltc,eth and bcc done, so when?
After breaking 24$ level so we will take this pair as a serious bullish monster.
Regards,
Mohsen
ETHEREUM CLASSIC: RADEX IS RELEASED - PROFIT = 12.81% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 24th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 12.81% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 26: Rency.com Ratings & Analytics Adds Ethereum Classic $ETC.
May 1: Ethereum -0.11% -0.75% Classic announces update to Mantis v1.1 Client.
May 2: Announcement that ETC consistently handles more transactions per day than: $Doge, $DASH, $BCH, $LTC, and $XMR.
May 3: London Block Exchange Enables GBP Trading for Ethereum -0.11% Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 4: Emerald 0.00% Vault v0.22 application is released. It allows for: Secure offline / cold storage ETC account management.
May 4: FastTech.com Accepts ETC as Payment.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum -0.11% -0.03% -0.75% Classic Investment Trust.
May 6: Ethereum -0.03% Classic announces support for Ethereum -0.11% -0.03% -0.75% Classic Command Line application on Linux.
May 6: Ethereum -0.11% Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum -0.11% Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum -0.11% Classic.
May 24: Ethereum -0.11% Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
HardFork Ready
- Download & Sync (faster)
- Integrated with Daedalus Wallet
- Run Node from CLI
May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
May 29: Open Bazaar lists Ethereum Classic.
May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
May 31: Ethereum Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum -0.11% Classic.
June 7: Ethereum -0.11% Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.
June 8: Stocks Gazzette releases article that states that Ethereum -0.11% Classic is a grossly undervalued coin.
June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum -0.11% Classic.
June 12: Binance adds new Ethereum Classic trading pairs.
June 12: Coinbase announces it will list Ethereum Classic in the "following months".
June 14: Ethereum -0.03% Classic Labs is launched that will provide a full range of support, including operating funds, technical guidance, office space, industrial resources, creative strategy consulting, & more.
June 15: SEC announces that Ethereum is not a security.
(NEW) June 23: CoinBene Brasil lists Ethereum Classic.
(NEW) June 23: Nova Exchange lists Ethereum Classic.
(NEW) June 24: RADEX: Saturn Network launches the First Decentralized Platform for Ethereum Classic called Radex Classic.
*The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)*
$ETC #ETHEREUMCLASSIC - UPTREND CHANNEL - enter it or leave Hello Lads and Ladies,
Today we are taking a look into the highly discussed ETCBTC chart. It got listed at coin base a few days ago and since then it is starting to rocket again, but what is happening, what are the goals and where can we ETCBTC expect?
So, taking a look at the chart we can see a huge push from December to mid February - this is where we apply the fibonacci retracement, which was very well respected all along, you can confirm that with the biggest support and resistance lines being at those levels.
In the next step, we can see ETCBTC forming a big channel around mid March to May indicated in yellow increasing lines. The upper line, was a short time support after the huge drop and has turned afterwards to a resistance. The lower yellow line, has been a strong ascending support during the indicated time.
Nevertheless, after one last big push over the yellow dotted line (also being the 61.8% fibs line) in the beginning of may, it started a very strong downtrend, crashing through the yellow dotted support and resistance and then going straight through the ascending support.
It bounced from the crucial support, which is indicated with the green dotted line and got rejected at the ascending support line that has now turned into resistance. Being located at the crucial support it got a little abandoned and the volatility was very low and even then getting lower for almost more than a month. After that it just really wrecked when the whole market was taking a bloodbath going down to a support line even lower than the previous.
ANYHOW, almost miraculously coinable announced listing it and ETCBTC just went on a straight rocket trip. Retraced and formed with getting higher lows a nice wedge, from where we saw a second breakout smashing once again through the yellow dotted line and testing the ascending support from the previous channel, that is now a resistance.
So, here are possibilities, of what might happen next.
1) We see the same shenanigans happen and after going through the yellow dotted line, getting rejected at the previous ascending support ETCBTC will get into a new downtrend and get back to the previous crucial green dotted support.
1.5) Basically the same, just that ETCBTC will get down the horizontal white line which was a wedge resistance before the second breakout, forming a cup and handle from where it is going to bounce back up and test the uptrend channel.
2) ETCBTC will smash through the (yellow) uptrend channel support and will enter this channel, staying there and following it for quite a while after doing so.
2.5) It will come down to the yellow dotted line, accept it as a support, continue sideways for a few days so the RSI can adjust again and then following the ascending white support, smash into the channel and continue its journey in this nice not too steep channel.
This is also the scenario that I am signing up to and if this support holds, I am getting myself some more ETCBTC. Does it not hold, i will be looking for the cup and handle formation, which would be for me the last deciding point of getting out, if it fails.
Also, please never forget the possibility 3) ETCBTC will make a barrel roll...
Cheers, Tomas
ETC ROCKET.1Traders,
Here we have ETCUSD 1D chart.
bearish trend will be broken for sure next few days for the positive news for this sleeping giant we had the lowest level for this pair few days and weeks ago.
so we have the perfect opportunity and good entry to trade here.
Humble vision:
1-Breaking the temp bearish trend and so the heaviest resistance at 24$
2-Keeping the side moves for days at 24$ then a try to break it with low potential.
3-Breaking the resistance and going to touch fib 0.618 golden level and this will be a critical point.
kindly have a look at the same idea but against ETH here:
Regards,
Mohsen
ETC BTC prepare for a BULL runSituation are good for a long entry.
Right now my Long targets are conservative as I will update this chart in future.
There is a big possibility that BTC will start another Bull run and ETC may decline via BTC. Now ETC rate is near lower trend lane.
If we will break down with an impulse and cross black dot line, we are going out of this trade.
Or ETC may keep same ration with BTC until growth will starts again.
It is way too hard predict time range off this chart, but opportunity we have one.
Large degree accumulation on ETC, Effect will be hugeTaking a look at the price of ETC on the weekly.
and my god.
does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE.
reason why?
Cause and effect.
Larger the cause, larger the effect.
Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects.
Say ETC accumulates for a year, the markup on ETC will be huge.
Now's not the time to buy.
Time to buy is when ETC really falls down to like
0.0013 - 0.0016
We will likely bounce between the 2 support and 2 resistance lines (2nd resistnace line might not have even been formed yet, I don't spot an ST that usually occurs in Phase B - although 0.002 might be it)
I'm happy to wait a few months to see what ETC wants to do.
But for now, take a look at the magnificence of the setup we are currently playing out. (almost 10 months since we had our first sign of PSY)
The markup will be immense. This accumulation might take a few years to play out, i definitely want to be there to catch the rocket up.
ETC about to break the major trend lineAs you can see here in the weekly chart for the past four weeks, we are having green candles which means that ETC has found its bottom @ 200k satoshis. Once it breaks the major trend line it will go up and retest the resistance @ 360k satoshis. Stoch RSI and MACD are also supporting our analysis by showing us bullish signals. The daily chart is also trying to make a cup for a cup & handle formation. So when it reaches 360k satoshis, it will retrace a bit and then shoot up and challenge the next resistance @ 420k satoshis and/or 470k satoshis.
This will take at least a few weeks leading up to a few months.
ETC BUY OPPORTUNITY Traders,
Here we have ETC/USD 4H chart.
This little monster will be on the stages soon.
The perfect time repeating can be formed on this chart and after reaching those point we will have our entertainment by watching bullish trend creating.
Cypher bullish pattern will be optimistic but linking RSI,EMA,Fib and all other important indicators say that seeing this happening after few days on ,240 and 1D.
The bear trend is getting so tight (ZOOM OUT TO SEE) for awhile and after breaking down a few days ago (brown area) everybody by saying it's bleeding I see it as an opportunity. I see it's the time or never and prepare Fibonacci to be broken till Golden one and maybe launch a rocket from there due to the hard-fork negative news every coin with hard fork before the new new coin will be supported by yobit exchange only. It's a good sign that the price didn't pump or dump like (NXT-ZCLASSSIC..etc not the coin lol) drops so we have an undervalued coin with a strong potential goals with me or not we will not see these prices again for this pair at the end or maybe mid of this year.
At the end it's my humble vision wish you all to enjoy trading with profits and losses too. Losses will give you a unique lessons later.
Check past ideas about this coin to make your right decision about this trade.
Kind Regards,
Mohsen
ETC BULLISH AFTER BEARISH Traders,
Here we have ETC/BTC 4H two charts.
1-bullish one(GREEN PATTERN) and that's will long the price for the next days by looking at RSI we will see that we have over sell now it's time to recover the bull by buying, and a few weeks ago we have a bottom could be doubled with our situation now and that's enough to bull the price to the golden fib and more let's see what we are going down to.
2-Bearish one (RED ONE) This pattern moved the price to the bottom for days now and I've published an idea about it check it out before this bad bearish one.Check it below:
My humble expectations:
By taking a good look at these charts. I see a great opportunity.
The only thing that new buyers have to do is hold for months or years but often the haven't got enough patience so the sell with loss which it's a good opportunity for old traders and for any buyer.
Once one of the major confirms our chart then we can expect the price to gain the upside momentum. The big players might be getting in.
Regards,
Mohsen