Ethereumclassic
Ethereum Classic formed bullish BAT for upto 68% bullish moveHi dear patrons, hope you are well and welcome to the new update on Ethereum classic coin with BTC pair.
The price action of ETC has formed a bullish BAT pattern on the daily time frame chart.
This trade has big profit possibility of 68% and the loss possibility is 9%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ETC cycles in USD and BTC pairsOver the last several weeks there have been recurring cycles of inflow into ETC as both BTC and ETH continue to rise. This is to be expected with the USD pair, but the BTC pair has also experienced sensational inflow at times when BTC price action hesitates. There have been two instances of just a couple day's worth of time that provided opportunities to double a BTC investment by using the ETCBTC pair all while BTC continues its historic rise in terms of USD. The cycle currently appears to be approaching a third instance and I plan to watch closely. A brief wick downwards has preceded each ETCBTC spike and may provide a good opportunity for entry.
Etherum (ETH/USD) - My 2nd ScenarioHere you can find My 2nd Scenario about #Etherum (#ETHUSD)
1 - - Price might be hit 1st Strong Level and Drop Sharply.
2 - - But IF Price Break STRONGEST resistance Zone. Then It might be cross &2000.
But these scenarios are very weak from my point of view.
You must have to see my 1st Scenario on my Timeline.
ETH- More bearish than bitcoin, it can dive to 1k zoneYesterday, following bitcoin's lead, Ethereum took also a hit and dropped hard.
This drop cleared the rising wedge support, a trend line that kept the price elevated for a 100% gain.
At this point, this break is confirmed and 1800 is extremely strong resistance.
As in the Bitcoin case, rallies should be sold and, from a technical perspective, ETH could drop to 1k target of the pattern.
EthUsd back above 1.8 would negate this scenario
ETHEREUM - Still SHORT (and BCH as well) 🔪Correction is on and the secret to success is to always BUY THE STRONGEST and SELL THE WEAKEST.
In my understanding and my chart, ETHEREUM and BCH are the weakest links thus i keep shorting these too.
If you disagree no need to post your dark thoughts on my idea- this is just my humble opinion and I am not a financial advisor nor an expert nor anything else, just a guy who posts what he sees.
And I see Falling knives when i look at this chart and BCH chart 🔪🔪
One Love,
the FXPROFESSOR
ETHEREUM- We were right to hedge 😼👌In our previous we explained 'why and how' to hedg e (Buy Bitcoin/Sell Ethereum) and as you probably understand it's going really well.
I said it is going, not it didn't go, simply because that plan is still on.
ETHBTC drop looks like it's still in the beginning.
Ethereum is the weakest link at this stage, for reasons we explained just a few days ago; nothing has changed since this post
Bitcoin went higher as explained on this video and it will most likely test the 60,000 ATH in the next few hours/days.
Keep in touch for more.
One love,
The FXPROFESSOR
ETC - Breakout InboundETC/BTC is too good of an opportunity to pass on. We are reaching the end of a descending triangle and it looks like we are having a flip in direction for the RSI and a bullish crossover on the MACD. There have been a lot of big buy orders overnight which gives me faith that the support will hold and we will see a breakout.
Entry: 2800-2900 sats
Stop Loss: 2700 sats
Targets: 3100, 3400, 3900 sats
ETCUSDT - OverviewDear mates,
ETC will move according to the trend of the market, namely, the price action of BTC.
I keep my view on the market going down in March, so I am ready to place a short order on this coin at the nearest resistance.
Refer to my chart for key price points.
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Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar