Ethereumclassic
Ethereum Classic & the Contrarian TradeWith Ethereum having gained +1000% over the past 9 months, we must consider the fact that Ethereum is migrating to a PoS network. This will take a number of years to roll out and many projects that were built on the PoW based ETH 1.0 will have to make a decision on whether to move to Ethereum 2.0 or look for alternatives. Ethereum Classic and BSV will be the choice PoW platform with smart contract capabilities.
ETC suffered a series of 51% attacks recently that have only made it stronger with new upgrades implemented as a result.
Ethereum Classic has a capped supply just like Bitcoin. It has a capped supply at 210 million thus providing a sound monetary policy.
Looking at the chart, we can see that the price is currently 420% from its all time high which was set on 08 January 2018. We have seen considerable buying volume enter the frey since mid-November 2020 and a massive green candle on 04 January this year, pushed the price above a flatlining 120 EMA ($7.15).
If you are looking to take some gains from ETH/USD off the table, this might not be a bad little contrarian speculation. ETC/USD is a beaten down crypto that receives very little favorable press but as far as we are concerned, it has sound fundamentals.
ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan!
We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips .
Let's not ignore 'Market games', manipulation and fundamentals.
I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped.
Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet...
You see, the game is played differently every time but the outcome is always the same..
so, buy mode still on, sell button can wait a bit more.
That's me and how I see things.
Ethereum Classic Vs USD for 02.08.2021Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Hourly Chart is being used for this post!
It looks like a good start to a new move in Ethereum Classic Vs USD. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB). This may be a good run for it this time. Because it did move up quickly after the RSI did bounce off the 3 SMAs in my indicator, and it still has that line looking up for now, and the RSI is over 70. Plus, all of my indicators are over the 50 line!
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
ETHUSDT, long after correction.Hi everybody. Picture on ETHUSDT chart window very simple with XRP. We have a situation when bullish potential too big but in near past nobody want to satisfy. So i think market want better (lower prices) i mark this levels red color. I think we will purchase from resist and then going upper. Volume analysis "Earned Pro", levels thanks to X-Lines script.
ETHEREUM Gameplan - Long videoHi guys, this is the long video I had promised about Ethereum.
It is 15 mins ong so I am making a shorter on in a few minutes. Watch whichever one you like.
Summary: 15% chance it drops now
85% chance it will rise and drop hard before the 2,000$ mark
ps. I am not a Financial advisor guys, I am just sharing my ideas with you here. This is how I will be trading Ethereum.
Good luck people,
FXPROFESSOR
ETHEREUM Let me Repeat: Rise till February 8thI am terribly sorry but i keep repeating myself here:
Ethereum will keep on rising until Feb 8th
We remained BULLISH while many were trying to go short (some of you made fun of me came on chat playing smart-asses, now you disappeared, I MISS YOU!)
Well, we knew it and it's happening , ATHs were expected and we stopped counting them.
At the same time, it has been a Classic Example of how to buy dips when you have a clear direction fundamentally.
Thank you and please wait for the Feb 8 video explanation.
ETHEREUM - Been a good 'example' 🧮Patience is key in trading guys. Many of you get emotional, expect your trade or investment to rise on a straight line.... sorry, not gonna be happening
Well, Ethereum has been such a GREAT example of how:
1. the direction is clear (has been a buy- look at our ideas)
2. every time it corrects it offered an opportunity to buy again
3. it did also offer opportunities for short positions (especially for us who hedge a lot)
patience (check our various ideas) paid out and is paying out
So what's next? For us is taking profit time (again) and we keep some for a rise further higher. We are also trying and compounding some small short positions (25% atm).
ETHEREUM -Video UpdateHi guys,
on this video I explain why Ethereum is the crypto i prefer to invest in and also trade, in this period.
Fundamentals being the new version that is coming out and also the CME futures commencing on Feb 8th.
The chart is ascending but extremely volatile so maybe use a small leverage if you are not comfortable with a higher one.
Hope you like the video and i appreciate your likes and comments.
ps. February 8 is much later, keep in touch for more about that
ETH buy the dip.Ethereum - Intraday - We look to Buy at 1116.5 (stop at 1064.4)
Daily signals are bullish.
A lower correction is expected.
We look to buy dips.
Bespoke support is located at 1100.
200 4hour EMA is at 1085.
Our profit targets will be 1273.1 and 1335.1
Resistance: 1350.0 / 1380.0 / 1440.0
Support: 1220.0 / 1180.0 / 1100.0