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ETCBTC trade ideas

Large degree accumulation on ETC, Effect will be hugeTaking a look at the price of ETC on the weekly. and my god. does it look like we are going to have a flat (few years?) after which our markup will be IMMENSE. reason why? Cause and effect. Larger the cause, larger the effect. Wyckoff suggests that accumulation and distribution are cause zones, and mark up and marke down are the effects. Say ETC accumulates for a year, the markup on ETC will be huge. Now's not the time to buy. Time to buy is when ETC really falls down to like 0.0013 - 0.0016 We will likely bounce between the 2 support and 2 resistance lines (2nd resistnace line might not have even been formed yet, I don't spot an ST that usually occurs in Phase B - although 0.002 might be it) I'm happy to wait a few months to see what ETC wants to do. But for now, take a look at the magnificence of the setup we are currently playing out. (almost 10 months since we had our first sign of PSY) The markup will be immense. This accumulation might take a few years to play out, i definitely want to be there to catch the rocket up.
Long
by EnZo
2
ETC/BTC in Limbo I think we can all agree that the ETC is a slow moving coin. Not much volume. Wish there was more interest as volume would increase thus more volatility. But we'll have to see how investors react to upcoming news from the Dev team. We saw a test of the support level 0.001973 which lined up great with my descending triangle , bouncing right up. Again, we saw a lack of interest from bulls. A critical point of resistance would be .002277 as this would help it cross the 50 MA as well. An unsuccessful break of this resistance and a break below fib .001970 may take it back to very low levels as low as .0018 or even .0014 We can also see a consolidation of the Bollinger Bands. This may indicate a break out. Please note the Daily RSI may be indicating further retracement. Overall we may see more retracement as we follow a downtrend with lower highs and lows. What are your thoughts? Let me Know :)
Long
by kosor
ETC RALLY - BUY AND HODLBUY AND HODL It may not be in your top 3 alt coins that you follow and trade in and out of but it's the perfect hodl coin for this quarter right now cause you can set it and forget about it. It's found it's floor after retracing since FEB 14TH. Alts have been in recovery rally and ETC is off cycle compared to them. It just found some life and up 4.29% now. Better yet, its forming the base of a huge cup and handle pattern forming on the daily charts. Wait for ETC to come down a little from it's current drive the the next upward trending 1 HR MA crossing. After it passes 2500 stats it's going it has a huge breakout scenario inside the daily red kumo. ------------------------------------------------------------- *Disclaimer 1) This is for educational purposes only and not financial advice. (blah blah blah) 2) I would really appreciate if you left a comment and some feedback if you like this post. 3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion. 4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies. 4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC 2.68% under 1 million USD by the end of 2020. Unicorn of the Sea - Narwhal
Long
by UnknownUnicorn2706281
Game Changing Week For Ethereum Classic (ETC) Up AheadEthereum Classic (ETC) is probably one of the most boring coins to trade in the crypto market. It also remains sluggish for the most part. However, when it does rally, it is hard to catch up with. This might have to do with the audience it derives interest from. Some investors who buy Ethereum Classic (ETC) do so out of principle, believing it is the real Ethereum and that the forked version, Ethereum (ETH) has lost its true vision. Then there are those who invest in Ethereum Classic (ETC) thinking it is an extremely undervalued coin and that it has a lot of catching up to do, thus also having the potential for most gains. A third group of investors buy Ethereum Classic (ETC) because they believe in the vision and leadership of Charles Hoskinsons and Barry Silbert to frame the future of this mysterious cryptocurrency. Read On: cryptodaily.co.uk
by Jefe
4