ETCBTC trade ideas
ETCBTC Bullish divergance setupWe seen a decent run every time ETCBTC has shown bullish divergence and we have another setup at the moment with strong previous horizontal support to strengthen a case for a potential bullish breakout in the near future. 2 targets marked. RSI and macd showing divergence on multiple time frame
ETC Bouncing away from a support zone! Will ETC rise!?So a few days ago ETC suddenly went up in price, you would have made a huge mistake if you bought it after the bull run. Congrats to people who have bought it before the bull run. But it’s still not too late to step in ETC.
As you can see on the chart, the price is retracing back to the origin of the movement, where you’ll find a support zone. Another thing that could indicate that ETC will bounce back from this support line, is because of Fibonacci retracement levels. As you can see the price is at the 61.8% Fibonacci retracement level, if the price bounce away from this level, it means that the uptrend is still intact.
There are multiple ways to enter, remember to always check the risk/reward ratio that suits you:
- Waiting until hits the 0.00149
- Or you may enter any time soon, but this a little bit riskier
My stop loss would be either:
- Or a close below the support zone (0.00148)
My targets are the yellow areas above
If you need any help with TA or explaining this, send me a DM!
DISCLAIMER: ALWAYS keep in mind! That this is NOT an investment advice, but an analysis. You can do whatever you want with this information, so trade at your own risks!
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The the RSI downtrend 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 (0.00148000 to 0.00138000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00148000)
Ending of entry zone (0.00138000)
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.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00164600
TP2= @ 0.00174200
TP3= @ 0.00182100
TP4= @ 0.00195600
TP5= @ 0.00214000
TP6= @ 0.00238200
TP7= @ 0.00277400
TP8= @ 0.00317100
TP9= @ 0.00388000
TP10= @ 0.00470000
TP11= @ 0.00560000
TP12= @ 0.00820000
TP13= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The the RSI downtrend 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 (0.00148000 to 0.00138000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00148000)
Ending of entry zone (0.00138000)
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.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00164600
TP2= @ 0.00174200
TP3= @ 0.00182100
TP4= @ 0.00195600
TP5= @ 0.00214000
TP6= @ 0.00238200
TP7= @ 0.00277400
TP8= @ 0.00317100
TP9= @ 0.00388000
TP10= @ 0.00470000
TP11= @ 0.00560000
TP12= @ 0.00820000
TP13= Free
Ethereum Classic [ETC] PennantYay, my BINANCE:EOSBTC call was right. I'm not that hyped about it, and certainly not as excited as I used to be when I first started trading back in January. I think that over time I'm becoming more and more of an emotionless trader...
I've decided to simplify my chart layout in the hopes of not confusing myself and providing a lot more clarity. I've yet to write strict trading rules for this setup but I'm sure it will be much easier. I think I found the balance between aesthetically pleasing and informative. With some very quick backtesting, I've found this setup to be quite profitable.
It looks like there's a bullish pennant forming on the hourly chart of BINANCE:ETCBTC .
I haven't checked the 4H chart yet but it seems as thought we'll be coming to the end of it in a couple hours so I'll be seeing the outcome pretty soon.
Novice trader, publishing for my records only. Open to critiques by professional traders.
ETCBTC day chart has made all grounds to move upHi guys:
ETCBTC has made all grounds to move up, the priceline was moving between a falling wedge since 17 Aug 18 now it has touched the support of wedge.
The Bollinger bands has been expanded to make more space for priceline's movement but at this point the price line has touched the bottom of wedge and now the candles are moving sideways moreover the candles are in oversold zones of RSI and stochastic RSI so it will be difficult for price to move down more at this point the choppiness index also has shown some movement towards 61.8 but so far it is still under 38.2.
Entry point: 0.001500 to 0.001530
1st exit: 0.001775
2nd exit: 0.00200
3rd exit and the target price: 0.002222
Best of luck and Regards,
Atif Akbar (Moon333).
$ETC One of the Lowest Volatility in 2018 Agains BTC MarketIf you are an intra-day trader or shorter time frame than mid-term (around 1-3 months), ETC is not yours to trade. ETC proved itself as the lowest volatility in price against BTC. Which in average give return 25-40% between the top and bottom through 2018.
ETC is a fork of Ethereum which promising about more stability bla-bla in blockchain network. It's glory day was March 2017 and totally ended in November the same year.
Right now if you're looking to hedge your Bitcoin, ETC probably your second option except Bitcoin itself.
For short-term time frame, looking for RSI level to get downward and touching my surface of latest-support-level green box. I really can't count on MACD as it shows a really flat movement right now.
But my Ichimoku cloud indicator looks bearish AF.