ETCBTC trade ideas
$ETC, Went parabolic over the last 48hs$ETC
Went parabolic over the last 48hs with a clear spike in volume (exhaustion?) that suggest some retrace on the following hours/days... (80% up.. ⚠️)
If you are hodling, lock profits and look for lower entries, no R/S flips since 63k sats...
#ETC
Ethereum Classic Long-Term | Analysis + 700%+ Fib. TargetsIt's been a while since we took a look at Ethereum Classic, a very strong project.
Right now we are looking at the long-term chart on Poloniex for ETCBTC (weekly timeframe)
Here we have the classic break of EMA10 after a new low was hit and later tested and support. This simple move can signal the beginning of a new uptrend.
Chart:
When we look at Ethereum Classic (ETCBTC) closer, the daily timeframe, we can spot the following signals
Strong break of EMA100.
MA200 challenged and broken. The confirmation comes after daily candle closure in ~1H.
Higher low and bullish indicators (MACD and RSI).
Increasing bull/green volume.
Remember to always have a plan just in case things don't go your way.
This is another bullish altcoin that will start moving strongly in Q1 2020 and beyond.
Thanks a lot for reading.
Thanks a lot for your continued support.
Namaste.
ETC/BTC TA Update (1 More Leg Up?)ETC/BTC
ETC is battling key resistance area or the previous Swing High at 7000 sats levels.
We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact.
EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up.
Key areas must hold is 6300 regions and anything below it will trigger selling pressure to invalidate this bullish uptrend.
$ETC, Pushing above ~63k sats resistance level making new HH$ETC
Pushing above ~63k sats resistance level making new HH & potential break from bullish flag..
Crossing above EMA200 on the daily chart with UCTS buy signals on the 1D-5D timeframes...
Volume rising
Looking for a R/S Flip as entry with target at ~73k sats level (15%+)
#ETC
ETCBTC Will Continue to RiseSxc looking Fibonacci lines, sitting above grey line. Movement upward likely.
Potential Top...Have counted 5 waves up here and it's in a potential top area for wave 5 should expect to see a correction down from here.
ETC/BTCAfter a massive drop due to BTC's pump, ETC has touched 100MA support on daily and also retraced back to a daily support.
The hardfork is coming in 12 January as well. Bullish !!!!!
ETC THOUGHTS$ETC
I'd cut longs here, bearish divs into HTF resistance; I'd look for a pullback into range POC (yellow).
ETC/BTCExpecting a bounce from here in the next 24 hours.
Red lines are daily supports and the price is sitting right above 200MA on daily.
ETC | The first target hit! Whats next?In our last analysis, we went long in $ETC and our first target was reached. If you have missed this move. DO NOT WORRY. Never chase a price.
I would like to wait for a retracement after this expansion and would like to see 6012 satoshi level acts as support where you can add into existing long / open a new long.
Our next target would be 7480 satoshis.
Many "leaders" do not write about risk management but you should never risk more than 1-2% of equity on a single trade.
Invalidation of this idea would be, if we will lose our S/R Flip on 6012 and close daily below that, then I will leave this idea.
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ZOOM: ETC NEXT TARGETSETC pumped good, my entry was 5800 sat, but missed to share it.
next sell 7600, 8700sat.
good luck
$ETC, Crossing over ~55k sats resistance level...$ETC
Crossing over ~55k sats resistance level with UCTS trendfinder turning green(buy) on ALL low TFs & 1D/2D charts
Crossing above EMA50, Volume is not what I was expecting but if R/S flip happens on this level retest we may aim for a new leg up (~64k / ~73k)
#ETC
ETC shows strength, daily swingEthereum Classic is at an all-time low and shows some strength.
I would like to buy at re-testing daily support and have it as an intra-week play, probably swing play as well. You can setup up to three targets but remember as soon as possible lock your profits or move your stop loss at break-even (BE).
Why do I like Ethereum Classic?
- shows strength on daily and has created a support
- above monthly VWAP
- 50/100 DMA and has a lot of room to upward
This thesis will be invalid if price will not show any strength at our support.
ETCBTC lond and shortA sharp impulse up the price, then the same candle returned to the support level. After that, the price flew up to the resistance level.
I look forward to further growth to the level of resistance.
ETCBTC: Strange pitchfork, please commentMost irregular way of plotting a pitchfork, but it's the only version that goes with current price action...
Coordinates:
#1: 0.00051238, 204
#2: 0.00058605, 259
#3: 0.00051899, 232
I'll be damned if this works... in that case the pitchfork is more powerful then so thought.
ETC-BTC Trade SetupETC seem trading in triangle pattern and seems to be breaking out on Daily TF.
RSI seems to be breaking out on Daily TF as well.
MACD is rising
SBS Indicator signaled BUY
BUY at the breakout
SL and Targets are on the chart
Target 1 is more of a scalping target. target 2 is mid term as ETC is a slow trade.
Ethereum ClassicOn the ETCBTC chart,
Below 0.0010251 is a long-term investment area.
In the ETCUSD chart,
It is moving around the downtrend line.
You should check if you can move outside of the downward trend line.
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It is expected to take a long time to raise prices in the normal market flow.
Ethereum classic regression analysis0.94 regression downtrend, there is no good entry until a shift in trend can be observed and Pearson's R value declines, as it is quite strong currently in this downtrend.
