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Ethereum Classic / Bitcoin

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ETCBTC trade ideas

ETC/BTC: The Calm Before The StormAS ETC continues its multi-year down trend, I am seeing signs of investors longing the bottom (notice the ever-increasing ADL... which I assume are buyers since we are at such depressed prices). Also, notice the increase in volume. The circled fractals appear similar and preceded the prior 2019 ETC price pump. The HV indicates VOL is contracting since the beginning of 2020. The contraction period prior to the 2019 pump was approximately 250 days; we are currently on day 203. This is my style of investing because of the extreme asymmetric risk. whichever way the price move is, guaranteed to be explosive for such a long contraction period. THIS IS NOT FINANCIAL ADVISE. CRYPTO IS HIGHLY VOLATILE.
Long
by DuubDigital
2
ETC/BTC (Target Key Support Below)ETC/BTC -Ethereum Classic broke the local support at 6174 sat range -The price started falling further, If we look at the chart -We can see the Key support is located around 5000 area -This zone will be crucial for the Bulls -But will be another buying opportunity for potential strong bounce reaction -Aggressive traders will start scaling in at 5000 area to hit a high reward trade -While conservative traders will wait until the break of trendline resistance -If you are a long term investor, I recommend buying at key support -This will give you more buying power to load your bags :)
by PolarHusk
3
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252. The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level). The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support. We can call bottom trend line and monthly level as DUAL SUPPORT for ETC. Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383. Current Condition From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252. ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support). Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level. If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN. Lookout for Head and Shoulders pattern for now in coming 10 days. Trade according to the pattern.
by SmartMaxi