ETCBTC trade ideas
Why is ETC performing so poor ?Altseason ? Coinbase listing ? and still ETC more or less worst performer under all the top marketcap coins. Probably because its useless lol. However if you still want to trade this i expect a bounce at the box and with the coinbase listing almost around the corner it should hold and push up to next resistance. But i wouldnt expect a lot from this coin.
ETCBTC oversold, going long, no stop loss (don't do this).ETCBTC has been my most favored altcoin to swing trade. Not only is it offering some nice gains on these s/r levels, but if I were to consider hodling anything as a mid to long term investment, ETC is number 1 on top of my list. I dont even bother with stop losses with this coin (not financial advice). Gaining a position when it takes a dive like this is a bonus. Dont forget trading is risky and these things can go either way on you no matter how good your TA. I highly recommend implementing a good risk management strategy (this bit is financial advice).
$ETC Stumbling With BTC Trip$ETC had a rough day. Tumbled out of the Keltner Channel. Tumbling down the bottom of the Ichi Cloud which should act as a good support. Expecting it to kiss the bottom of the cloud before a bounce.
$ETC still on the short list of coinbase additions. Potentially the first. Should pump strong as the add happens.
$ETCBTC Bullish Reversal - $ETCI've recently found that 4H RSI forms a nice reversal signal when the market's in a bearish movement.
The RSI resistance line is as seen on as a purple horizontal line with the main areas of reversal denoted with a purple arrow.
This combined with the "CM_Williams_Vix_Fix Finds Market Bottoms" indicator (Which claims to find bottoms across various asset classes, coincides nicely(turns green) whenever we're primed for a reversal in $ETCBTC) proved to be an accurate combination for finding market bottoms.
You can find out more about the indicator here(click it):
$ETCBTC has retraced 0.382 on the fib levels, and should this level hold, we should see a nice bump upwards in the short term for $ETCBTC, this is the LIKELY movement at this point in time.
In the event this is accompanied by an appreciating $BTCUSD price, we should see $ETCUSD do a spectacular rise.
$ETC/#ETC Short-Term Bounce LongETC looking good here for a short term bounce back into the bollinger bands. We are on the outside of the 1 hour bands with a low stoch rsi and rsi. We haven't had a bull t3 cycle in a while and I am scaling into this trade around .00256 down to .00251. We also have some support from the former ascending triangle resistance.
please wait, let the trend choose.. hi there
as you see, the symmetric triangle has been formed, and it can be bullish or berish..
so we consider both of them.
I decide to put stop orders as follows, what about you??
Long position:
buy stop @26858
tp 27916
sl26286
Short position:
sell stop@ 25467
tp24126
sl 26187
ETC-USD bull is back after the correctionwe are forming ascending triangle and will break out to new high
Lot of people are in bearish sentiment because of bitcoin. However, I am not. I m seeing strong bulls coming
the previous dump dates are just corrections after rallies
you should read my other posts to feel general bulls from other coins .
In addition, look at that ugly invert hammer doji. At first, we thought it was a bulltrap. However if we analyze it carefully, it is just a pre-pump test to see how strong upper resistance is. If it is bulltrap, next few candles should be red and we will deep further :)
A break of 0.002681 will further confirm the BULL
I strongly believe that next alt season is coming.
P.S this is not financial advise, trade with your own risk :)