Beware the Ides of March (ETC vs ETH)The chart looks good. The news are good. The market conditions are good. Ethereum is embroiled in disputes regarding recovery of previously hacked funds, EIP865, immutability, purity of chain, code is law. Efforts were made to address these issues silently but after Yoichi Hirai's resign, the issues have surfaced with more intensity. It is likely that some of those chauvinists of code is law and an immutable blockchain will move to Ethereum Classic. It is gaining momentum and is also lucrative for miners. Ethereum Classic has Callisto airdrop in the first few days of March. Also, on March 1, there are two more important events: 1. Adoption of Monetary Policy 2. ETC Investment Fund. All these developments point to an increasing interest in Ethereum Classic and I wouldn't be surprised if ETC reaches a price of 0.5 ETH in a few months' time. At the time of this post, 0.5 ETH is worth $432. You're welcome to check my post about $500 ETC price by end of 2018.
ETCETH trade ideas
ETCETH Opportunity Still Exist, Several Pivots ConfirmBuilding on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2, eth and btc that is.
The red dashed lines are where the algo's will most likely sell off if they aren't closed out.
Price correlation chart.
www.sifrdata.com
4hr
Last idea (same as this one)
ETC/ETH head and shoulders pattern or not?ETC/ETH will probably fall to 38.2% Fib after that it must make a decision go up and reach our target (cyan line) or fall to either 200 EMA or the 23.60% Fib level (yellow line or red line).
It also depends heavily on what Bitcoin is going to do as it tends to take altcoins down with it.
ETC/ETH Binance 15:1 Retracement Entry, Elliott Count for BullsWorking above the large step change, I count 1 completed 5 wave with 1 completed correction. The next 5 wave impulse is building, we are in the 1-2 of the 3. Reload at smaller 2, sell at smaller 5, reload at larger 4, sell at larger 5. Looking for a pivot at around 0.0375 to increase the confidence of the count (that is vs. loading up at the larger 2 - completed). Set the stop tight under ~0.0368.
Chart was de-cluttered for ease of viewing.
Ethereum Classic, ETC/ETH Broke Out of TriangleEthereum Classic, ETC/ETH on Binance just broke out of its (long) Triangle. Consolidated a while and found good support at 35.000, which was previous resistance as well.
On the hourly chart, you can see that the indicators are from its lows and curling up now. Volume is picking up and ETC/ETH is also above the 12 and 50 emas.
With the coming fork and airdrop, Ethereum Classic could be ready for another run. So are you ready to trade it? If so, here are the instructions:
Entry: 36.815
Profit: 41.250
Stop: 36.095
RR: 6 (risk 2% to make 12%)
Since this is a day trade, you can take profits quicker and partially if you prefer.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
And good luck trading!
ETCETH: SHORT TERM TRADE IDEA: Rising wedge formingHey fellow traders,
Have a look at my analysis of ETCETH where you can see forming rising wedge, which is usually bearish pattern. Nevertheless IT IS still forming, so we can expect it to go up for quite some time.
Upper Resistance Line: It takes at least two reaction highs to form the upper resistance line, ideally three. Each reaction high should be higher than the previous high. We have multiple reaction highs hitting resistance line.
Lower Support Line: At least two reaction lows are required to form the lower support line. Each reaction low should be higher than the previous low. At this point we are hitting two reaction lows.
Volume: Ideally, volume will decline as prices rise and the wedge evolves. An expansion of volume on the support line break can be taken as bearish confirmation. Notice charted red line which nicely shows the fall in volume.
We are also hitting point of resistance at the very up of rising wedge
MACD and RSI are also confirming this pattern.
What I will do is to look for the full wedge to be formed, then sell. Then rebuy lower.
P.S.: Im not financial advisor. Take this as a purely speculative idea.
Ethereum Classic ETC up to 450% Profit in Weeks (MEDIUM RISK)Ethereum-Classic is a phenomenal coin as is, but that is not why we will be having a crazy run up in price. ETC will be having an airdrop coming in on early March. Coin that will be dropping is called Callisto (CLO) and ratio is a shocking 1:1 - meaning that if you own 10 ETC, you will receive 10 CLO. Please note that we are not yet sure on which exchanges will be supporting actual airdrop. They usually announce that closer to the date.
Just remember the over 20x price hike we had with NXT and Ignis airdrop. We are not expecting anything that crazy here due to high price per coin, however anywhere from 150% - 500% is possible.
Invest only what you can afford to lose. We are not your financial advisors.