ETCBTC trade ideas
To buy or not to buy? (ETC)After the news of ETC being listed on Coinbase, its price moved with more than 20% in a very short period of time. The time to buy has come after BTC -1.76% has fallen further and is close to potential short term reversal probably to at least 7000-7500 region.
The volume on ETC for the last 24h is more than 350 mil with a market cap of 1.3 billion. This makes a ratio of 1/4 of volume/market cap indicating the interest for the coin is very high right now. Normally, this ratio is something like 1/20 especially for the bigger altcoins.
I will update with sell targets but for now make sure you start layering buy orders.
ETC OpportunityJust a Signal Given to my Premium Channel. :)
Cup & Handle formations are a 2 step process
1) Breaking the Bull Flag (Handle)
2) Breaking the Cup (Resistance)
Take what you like from this, it could go either way pending a dump from BTC
$ETC Bull-Run to emerge where 2 support lines meet We have 2 support lines indicating a bull-run shot for ETC. It's had to consolidate support after the immediate jolt it received when Coinbase announced that it would start carrying ETC in the coming months. We all know what happened last time with Bitcoin Cash. People on Coinbase buy whatever Coinbase offers. The question isn't IF this will sustain demand long-term but by how much.
I'll be updating this as the triangle closes and after. FOLLOW me for the updates.
ETC/BTCMarket has reversed. Shows tremendous potential with Coinbase announcement.
Holding this long with buy orders set at 0.00128, 0.00158 and 0.00188, in case market manipulators decide to call margins and trigger stops before pumping.
ETC - Play the Fibonacci game - ShorttermHey guys!
There is a nice Chance for good daily Profits in ETC/BTC Chart These days.
We had a big pump 2 days ago, and are now in the fibonacci retracement. I marked you the 38%/50%/62% Fibonacci Retracement Levels for our Special Attention.
So ... what to do:
These Levels are either Support or Resistance Areas ... depends on if we are above or below it.
So we got a nice opportunity to buy at Level, and sell at the next higher Level.
We got a Chance/Risk Ratio of around 3 here, so it doesn't matter if we are 1 or 2 times wrong. Just Play the game again.
Happy Trading!
Note: You can shorten ETC too, just turn around the strategy.
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Ethereum ClassicETCBTC forming falling wedge - reversal pattern
Fundamental
Ethereum classic was one of the seven coins approved by the Thai Securities and Exchange Commission (SEC).
The Thai SEC based its decision on the liquidity of the cryptocurrencies and on their consensus credibilities, among some other criteria.
ETC’s acceptance by the Thai SEC makes one more thing for the coin and its fans to celebrate at the upcoming Ethereum Classic Summit, happening in Seoul, South Korea from September 12th to 13th.
PoC of new StateDB layer & Emerald Mobile Wallet
www.etcdevteam.com
Ethereum Classic To CoinbaseSo since Ethereum Classic is heading to Coinbase, is NOW a good time to buy ETC? hmmmmm.......
Is it a security tho? #etc #btc
Coinbase announce 'INTENTION' listing Ethereum Classic.
will this go the way of KRAKEN:ZECUSD who got pumped on an exchange agreement with Gemini.
what do you think?
300 to 500% gain?Short term gain is limited to 40%
We are still in a triangle, and we really want to finish in (E).
And if Coinbase comes through etc can expect to have a major rally.
IT is possible that we can breakout of the E on listing.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
ETHEREUM CLASSIC: COINBASE NEWS & THAILAND SEC - PROFIT = 32.85%Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 12th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 32.85% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 26: Rency.com Ratings & Analytics Adds Ethereum Classic $ETC.
May 1: Ethereum Classic announces update to Mantis v1.1 Client.
May 2: Announcement that ETC consistently handles more transactions per day than: $Doge, $DASH, $BCH, $LTC, and $XMR.
May 3: London Block Exchange Enables GBP Trading for Ethereum Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 4: Emerald Vault v0.22 application is released. It allows for: Secure offline / cold storage ETC account management.
May 4: FastTech.com Accepts ETC as Payment.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum Classic Investment Trust.
May 6: Ethereum Classic announces support for Ethereum Classic Command Line application on Linux.
May 6: Ethereum Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum Classic.
May 24: Ethereum Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
HardFork Ready
- Download & Sync (faster)
- Integrated with Daedalus Wallet
- Run Node from CLI
(NEW) May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
(NEW) May 29: Open Bazaar lists Ethereum Classic.
(NEW) May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
(NEW) May 31: Ethereum Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
(NEW) June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum Classic.
(NEW) June 7: Ethereum Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China. This has resulted in the signing of the Memorandum of Understanding between the Ethereum Classic Cooperative and Zeniex.
(NEW) June 8: Stocks Gazzette releases article that states that Ethereum Classic is a grossly undervalued coin.
(NEW) June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum Classic.
(NEW) June 12: Binance adds new Ethereum Classic trading pairs.
(NEW) June 12: Coinbase announces it will list Ethereum Classic in the "following months".
The general uptrend in the crypto markets as well as the positive developments outlined above.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ETC just getting started Coinbase news + falling wedge (ETCUSD (Not shown here)) appears to be setting the stage for a large ETC run in late 2018.
Also check out the obvious OBV bull divergence on the 1wk. Makes you wonder who knew what @ Coinbase.
ETC – demand on the horizon - 700% earnings possibleHi Guys!
We are back with bunch of good information regarding ETC.
As you already have heard Coinbase (digital currency exchange and wallet headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide) has expressed intention of supporting ETC.
They will start with so-called step4 which means seeing public APIs and other signs that asset is added. Once they finish integration and tests, they will announce officially in the next few months a launch date for trading on their platform.
So we can expect to have a greater interest on ETC thus volume rises and price will rise of course too.
Here is a bunch of other important events which will influence the price. This is going to be interesting year for ETC.
30.06 PoC of new StateDB layer & Emerald Mobile Wallet
31.07 Sidechains support in Emerald Project & Emerald SDK First Release
31.07 Radex will be the first decentralized exchange to be launched on ETC blockchain (delayed – was to be at the end of May 18)
31.08 JIT Compilation in SputnikVM
12.09 Second Annual Ethereum Classic Summit in Seoul
30.11 Fully IoT-compatible infrastructure of ETC(BIG THING)
It is going to be very interesting summer with a nice summary in Seul in September.
Looking back on the chart.
We observed finished Elliot Wave short-term pattern (1-5;A-C). New cycle expected.
When looking at the chart from the perspective we can see we have just started 3rd wave on the long-term Elliot Cycle.
On Weis Wave chart we can see that demand was growing. No supply yet. GOOD.
CMF indicator has just crossed 0 which is the sign of the price pression
MACD – strong positive long-term trend. VERY GOOD.
VWMA50 crossed
We are very low at Fibonacci Scale
Fibonacci Targets:
Target 1: 0.0032868
Target 2: 0.0044939
Target 3: 0.0054696
Target 4: 0.0064452
Target 5: 0.0078342
Target 6: 0.0096110
Target 7: 0.0147133 (new ATH)
Stop-loss: 0.0013355
So guys all we need is good news and volume. On the wave of good investment
atmosphere we should reach the stars. :)
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WBM Team
