ETCEUR trade ideas
ETC Wyckoff Method market manipulationETC/EUR EXAMPLE
Whales and institutions change the whole scenario by using trader behaviors and they know everything better than us.
The worst part is that every time it looks like the crypto market is recovering some sort of fud manages to make the news, which causes another massive sell-off.
Then when all hope seems lost and you’re convinced cryptos dead the trend suddenly reverses and the fomo strikes back. Now, it’s almost as if someone is trying to make you feel fear & greed at just the right time to move the market in a way that makes them money and leaves you empty-handed.
This has been both a meme and a common saying in the crypto space for many years and it sounds like nothing more than a conspiracy theory. But this is exactly and that there is even a way to predict these market moves in the advance.
ETC/EUR analysis
Current activity
current price hit resistance @ +/- 65EUR and bounced off
1H:
SMA 50 / EMA 21 crossed in the 1H interval, price action hitting the EMA 21 from underneath
2H / 4H: hammer and indecision patterns
1D:
indecision candle stick pattern
Potential scenarios
1) sideways action, before moving higher (move closely around MA and fib level 23.60%)
2) downward action / retrace to (in order)
2a) fib level 23.60%
2b) support level @ +/- 49.30
2c) support level @ +/- 41.82
3) upward, if it can strongly break through average and cross resistance at @ 65 EUR / unlikely
ETC/EUR, I've found a patternAs we see, ETC/EUR follows a clear pattern, it goes up a whole euro, sits around the 10-15 cents area, then people take profits to let it dip to the yellow line, I'll sell in the blue areas, and try to catch the dip @ the yellow line, which I think it will dip to everytime, if you have any questions, feel free to ask me, but I'm also a bit new to this, so don't expect much! COINBASE:ETCEUR KRAKEN:ETCEUR
update on my ETC predictionwhen you didn't saw my first TA, please watch that one first.
as you can see, when ETC hitted 0.5 level it bounced up. so The first part is 100% correct.
for the second partNO worries! ETC is still going to the 8,-. I have analysed the MACD Indicator, and it showed me that the small dip in an uptrend is 100% normal on ETC. i found 5 examples from now to Oktober. so no worries and don't panic sell.
realy appriciate if you give it a like!
Thanks and bye!
ETC - 16 EUR soon?Looking at the chart now and how it behaved prior to the 2017 boom, you'll find a lot of similarities. If ETC does follow it's previous path, we can expect a significant upwards movement in the coming days (probably around May 21-25).
Best-case scenario = 16 EUR
Semi-best case scenario = around 13 EUR
Worst-case scenario = 9-10 EUR
RSI , MACD & Fab all show similar signes as well.
Let's see what will happen :D
ETCEURBased on bigger picture (bellow), I'll go with 5% risk with trade as charted - entry an long term resistance, stop loss bellow previous low, target 1 at 0.382 Fib retracement level and final target at 0.618 Fib retracement level of last drop. If things will be OK, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bigger picture: