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Etcbtclong

ETCBTC's double bottom chart pattern..patience requiredThis is my first time looking at ETCBTC as I tend to always seem to like watching ETHUSD instead which is stuck in a price channel. The post on the ETHUSD channel can be found here :https://www.tradingview.com/chart/ETHUSD/UBz1DMY9-Warning-signals-for-Ethereum-possible-sell-off-4hr-tf-analysis/ I also like a 1hr or 4hr tf analysis for my charts, but the Daily would do in this case and that is why I am looking at a Daily tf of ETCBTC.It can be observed on the Daily tf that ETCBTC has formed a double bottom chart pattern with the bottoms forming on the Nov. 3, 2017 and Dec. 6, 2017 respectively. The pattern was confirmed on Fe. 12, 2018 with price closing above the higher peak (i.e. ~0.0031710) between the double bottoms. The double bottom is a bullish chart pattern and calls for higher prices in the price of ETCBTC. However, from an Elliott wave perspective, a possible 3 wave (A-B-C) pattern that is an expanded flat (3-3-5) also appears to have been completed with wC = 161.8% wA at ~0.0039923 indicated by the horizontal green line on the chart. The implication of this is that a massive sell off in the price of ETCBTC is on the way that will see the price of ETCBTC move below the origin of the double bottoms (below ~0.0014005). The possibility of a long position will only be if price attempts to break out above the high made on Feb. 14, 2018 at ~0.0040750 i.e. POE (Point of entry into a long position) which would indicate resumption of the current uptrend. In this case, the Target region for the price of ETCBTC is between ~0.0076342 and 0.0081858. Using a price move below 0.0030295 as stop loss and buying on the breakout above 0.0040750, risk on the trade = 0.0010455. Reward = 0.0076342(bottom of the target region) - 0.0040750 = 0.0035592. Risk/Reward ratio = ~3.4:1 The strategy for taking a long position as described above ensures that one can avoid trying to pick the bottom in other to get into the trade. POI = Point of invalidation (indicated by the red horizontal line)= should price close below the low of ~0.0026754 on Feb. 11, 2018, it possibly increases the likelihood of ETCBTC selling off.
by Coin_Analyst
ETC PLEASE!ETC PLEASE! IMPORTANT: EARNING AND LEGAL DISCLAIMER Earnings and income representations made by The Wolf Of Binance is aspirational statements only of your earnings potential. The success of The Wolf Of Binance testimonials and other examples used are exceptional, non-typical results and are not intended to be and are not a guarantee that you or others will achieve the same results. Individual results will always vary and yours will depend entirely on your individual capacity, work ethic, business skills and experience, level of motivation, diligence in applying The Wolf Of Binance Ideas, the economy, the normal and unforeseen risks of doing business and other factors. The Wolf Of Binance is not responsible for your actions. You are solely responsible for your own actions, decisions assessment and use of my ideas should be based on your own due diligence. You agree that The Wolf Of Binance is not liable to you in any way for your results in using my ideas. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
by TheWolfOfBinance
ETC CRITICAL POINTS ! Traders, Here we have ETC/USD 4H chart. After touching the 0.618 Fib but not breaking we reflect immediately to move upwards 0.786 again and it's shining with the EMA moves it was near to cross the yellow but strength and bull was there from the market, so we have a critical point with two expectations: 1-Break 0.786 and moving straight to our all time high that is my personal vision and I had a previous idea on it right below: 2-Touch it and going down again to the deep it's a probability too let's see next few hours what chart can tell us. Finally take a look at all my previous ideas about etc to take the right decision. Liar one Regards, Mohsen
BITFINEX:ETCUSDLong
by MohsenCapital
1
ETC Bull Trend Has Started According to Tom Demark CountETC gave a green 2 on the daily chart according to Tom Demark count. This is a clear buy signal. There was a huge resistance at 0.0036 and now it is broken. Stoch RSI is oversold which is a bullish signal. ETC will have a hard fork at 5.3.2018 which might increase the demand. I expect the price to increase till we hit 0.0047 (fibonacci 0.5) Here is my trading idea: Long at: 0.0037 Take profit at: 0.0045 / 0.0047 Stop loss: 0.0034
Long
by EylemCulculoglu
ETCBTC Poloniex 12H 11Feb2018 – ascending triangle, mid-termETC has been building an ascending triangle after double-bottom against ETH. After a slight draw-back volume is rising, RSI above 60. Strong resistance at 0.00331 – need to wait for a break-out at 0.00331 and then wait to retest this level as support – and actually the support to hold. Level to enter after confirmation that support holds can be approx. 0.0034 and target is 0.0046 which actually is an old resistance and 1.618 fib extension of previous move down in early December. Risk Ratio: 1.7, Stop Loss under 0.00274 These is my personal view – please trade carefully and at your own risk! Any comments are welcomed.
Long
by drgorogbalazs
Ethereum Classic -potential +47% within a monthETC always been the darkhorse to ethereum, but its still a very strong coin. i believe we've gone through the 1st 4 waves of etc with a final 5th one coming very soon. in the short term with btc looking shaky, especially with futures markets less than hours away etc may drop more, but overall, with a bit of patience, ETC will climb and continue climbing. Going off the fib extensions ,wave 3 peaked halfway between the 1.0 and 1.618 fibs. I don't see it unreasonable for the final 5th wave to reach the 1.618 levels at all, hell it might even go above, but we'll keep tabs on it when the time comes. The fundamentals are great for this coin too with an absolutely packed 2018 1) We have the callisto airdrop on march 3rd 2) etc wallet release by 31st march 3) beta mobile release by 30th april 4) end of may eth sidechain compatibility, and it just goes on with big news month after month all the way to end of november. lmk know what you guys think :) my first idea, so please critique it to your hearts content, im still learning elliot waves with fib incorporation so grill me :)
Long
by EnZo
5
Update on $ETC / $BTC$ETC is still on track to pull off a moonshot. It has stayed very stable in the last few days of FUD despite the market overall taking a very large hit. Here are the main indicators that I believe to give huge bullish sentiment around this coin. RSI on the daily has found a sharp uptrend. With that in mind, its also quite impressive that both the 4H and 1D Stoch RSI has bottomed, the 4H shows it beginning to move upwards if you wish to click over to that graph. The last few days almost all Altcoins have had red volume, and loss of volume. ETC has had reduced volume like everything else in the market, but its one of the few with mostly green bars. I believe this is quite important actually and will go overlooked by many. This means the holds are getting very very strong going into the upcoming hardfork. Not financial advice, DYOR and GL out there.
Long
by kbasch