ETCEUR trade ideas
ETCEURWe have many reasons to enter long trade at this level:
1. Previous lower area was (somehow) tested and rejected with low at 8.9.
2. Currently ETC is fighting around 61.8 Fib level, which acted as support two times in the past.
3. We can draw Gartley pattern, where level of point D corresponds to longer time resistance line.
Trade setup:
- entry 10.50 (or optional on breakout at 11.00)
- stop loss at 10.20 (just bellow point C)
- final target bellow point D, so bellow 16.00, which will act also as psychological resistance (and of course some profit taking on the way)
1D chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bullish divergence H4 "ETCUSC" LONGI think it's a very intresting divergence !
if you are ok or not say it :)
ETCEUR - 0.786 "rule"This is just an observation, not a real technical analysis. I found it interesting (or amusing, if you like :) that each time ETC reached the peak around 16 EUR, it retraced all way down to 0.786 Fib level after app. 1 month - notice bottoms at the end of June and at the beginning of August. Will it hit 13 in September? Hope not, but will be interesting to check it in one month and see what the price will be.
ETCEURETC is obeying support line nicely. Simple trade idea is to enter at pullback to this support line at 13.8 with target at 15.4, stop loss at 13.4.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
ETCEUR Bull ScenarioWhere done with our 5th bigger elliot wave structure and starting the C correction wave. If the price breaks out of the triangle and breaks the previous high where riding the rest of the elliot wave structure which also completes our C correction wave There are two target profit points which can be taken. Don't forget to put a stoploss:)
Entry: 11.83
Stoploss: 11.57
Profit point 1: 12.66
Profit point 2: 13.71
More of the same - spreading riskAs already posted a year ago, most coins are very tightly coupled and spreading money across them, is just an illusion of risk management.
I don't pretend to know much about trading nor analysis, but one could ask him/herself the following question: for such a diverse variety of coins which all try to solve some kind of problem in their own way (and each of them having pro's and cons), they all behave the same. How can this be, if the focus would be really on the technical side. Yes ok, there's a the strong link to Bitcoin because it's more dominant. But still, it cannot be explained from a technical side. if it's not yet clear for someone that all of this is a speculation/influence game, with 99% of coins not being backed by something useful/substantial, I don't understand anymore.
BAT Pattern ETC EURAlmost completed C leg of BAT pattern. If the pattern continues, might see a nice leg up.
In addition might bounce of S1 pivot with a double bottom.
ETCEUR - long term setupIf we look at long term, we can see a pattern here. ETC needs to break above 19 with nice daily close - not just break through and retrace bellow it. Also starting point from where it breaks is important - we are looking for starting point as close to 19 as possible.
In the past it tried and failed twice (marked in red) - there was just break and then close bellow, staring point was relatively low. But it succeeded twice at points marked in green. Here daily close was above 19 and it started from higher level than before.
Currently we are in point of time when history could repeat :)
Trade setup:
wait for daily close above 19 and after that put buy order near 19 - in the past it re-tested this level every time. We'll define targets and stop loss later, but initial stop loss would be just bellow the start level from where it breaks.
Weekly chart for better visual representation:
ETCEUR BULLISH BAT with Very Nice Risk:RewardWhat we are looking at here is the completion of a BAT pattern which could be the C of a much larger Butterfly patter (mentioned towards end of video). If BAT plays out to expected levels we have a very attractive R:R and if it becomes C of the Butterfly then we are looking at 200+% returns.
I will update as price gets closer to entry :D
CLO fork doesn't have the expected effect on ETC… What's next?For some reasons, seems like Callisto (CLO) imminent fork/pseudo-airdrop didn't pump the Ethereum Classic (ETC) as I initially expected. Opposite, actually.
Somehow, this is totally biassed since currently, no crypto-currency/token seems to be able to live really independently from Bitcoin (XBT/BTC), which invalidates any kind of fundamental analysis that is not based on XBT.
I am still buying ETC now. No solid TA behind it (I'm far from mastering TA tricks), but mostly my feelings. Plus, it seems there is still a strong support at ~EUR22, forming a tunnel with a resistance at ~EUR27.
So, I'll take the CLO, then I'll probably hold for a while and see what happen with that tunnel. Yes I know, pretty amateurish...
ETCEUR dwntrend patternlast big ABCDE down pattern to the actual ABCDE pattern and also some options for wave 3 and a tripple ABC down trend, depending on the btc movement.
ETCEUR Bullish Gartley setting UPABC of Gartley looks very good. Now price is heading down towards D assuming it gets there 78.6 will be completion of pattern and it will be time to get long.
Selloffs Vs VIX feedback helpfullAs a newbie here i am trying to understand the corelletion between a major Index and how cryptos trend to, i cannot analyse this (yet) but will use all tools here to discover trends and try to follow this ever changing market with something that can attribute to its movement. i have a long position in XRP at 0.5
And ofcourse take in mind all Major indexes are down, Today cause of PODUS
Thanks for all the feedback
ETC finishing wave V from big wave C (end of correction)Hi all,
It's just an idea! Seems it's the same with zig-zag pattern. elliottwave-forecast.com
From my point of view soon the correction it's done and we go for the second wave .
Please feel free to write what you think. Thanks!
Good thoughts!
