Ethereum Classic formed bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously ETC was very close to complete a Gartley pattern , but pumped before the completion:
Now on the 4-hr time frame, ETC has formed another bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low and RSI is setting a lower low.
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
Ethereumclassicbtc
Ethereum Classic (ETC) forming Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
In previous trade ETC slightly move below the potential reversal zone, however, recovered soon and pumped well.
Now on a 4-hr time frame, ETC is about to complete a bullish Gartley pattern:
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
Ethereum classic AND Bitcoingold BTG Hashrate (Tug of war)Tug of war between Ethereumclassic and bitcoingold BTG for ethereum hashrate.
As fundamentals of both cryptos are pointing for big shot.( short squeeze)
As all the technical analysis are pointing in Oversold category.
Ethereum miners are looking for switch to other cryptos as they cant ruin their big miners investments in ethereum.
HUGE HASHRATE SHIFT TO THESE TWO CRYPTOS ARE EXPECTED.
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.
ETCBTC formed a bullish butterfly | Upto 374% from herePriceline of Ethereum Classic / Bitcoin cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
RSI is entered in oversold zone.
Price action has also hit the support of lower band of bollinger bands.
Stochastic has given bull cross.
Priceline is now gearing up to hit the sell targets soon insha Allah.
I have defined the targets using Fibonacci sequence:
Buy between: 0.00053857 to 0.00000001 (but it is not possible for price action to hit 0.00000001 as it has already hit the lowest pirce of the history of ETC and indicators are turning bullish)
Sell btween: 0.00158077 to 0.00325256
Enjoy your profits and regards,
Atif Akbar (moon333)
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00120100 to 0.00108000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00120100)
Ending of entry zone (0.00108000)
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.
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