short term portfolio ETC ~ ETH ~ OMGMy initial investment is 24500 EUR
ETCEUR 3.52% 23%
ETHEUR 1.24% 23%
OMGBTC 18.97% 54%
ETCEUR trade ideas
ETC Market AnalysisETC recently triggered a rally which was stopped in a drastic way on Massacre Monday sending the FIAT value back to support and reset the rally completely.
I am accumulating ETC because I think the latest rally triggered the end of the bear market and we can see support building on a new trend line.
It is very important to not fall down further (bottom yellow line) and start a slow accumulation to the upside from here, otherwise we can await further losses.
We currently see the critical phase of a new trend beeing formed and it is unlikely to establish a bear trend because the downside is exhausted and support was tested multiple times and holded successfully.
We are in Phase D of a Wyckoff Cycle and it will offer significant upside.
Once we can build support in the resistance zone we can advance to Phase E which makes our positions risk free.
Stop loss must be set to 13.70 Euro
Ethereum Classic for a bull runI think a cup and handle might be forming. There is a support slope line on which ETC lays, the upward movement is steady and a run for the hills should be coming soon.
Good opportunity, ETCMost people panic today, but we're in a upward trend.
For those who did not bought ETC, this is a good opportunity.
ETCEUR: Monitoring the consolidation hereI came to the realization that ETCEUR potentially offers us more upside than $ETHEUR, once both trigger a new T@M uptrend signal, probably by the end of the month. According to my projections, $ETCEUR could go as high as roughly 210 Euros within 10 weeks, after breaking a previous week high, during the week starting on July 31st. My reccomendation is to hold off from buying until then, specially if it consolidates here, showing that it is being accumulated for a new mode higher. This trade will offer a nice hedge, against our intended $ETHEUR long positions too.
Best of luck,
Ivan Labrie.
ETCEUR Head And Shoulders - ETC down to 13-14€ levelI think ETC will have a quick drop to 14€ or so. ETC seems very affected by bitcoin price moves (like May 27th).
ETCEUR Targets 50 and 100 until AugustETCEUR already in Trending mode due CCI and we ll see a fast move to >= 50 and the >= 100 until end of August.
There is nearly NO DIFFERENCE between ETC and Ethereum.. So I am collecting ETC in quantities as long as they r so cheap..
Also a chinese Exchange will start with ETC trading soon ..
Disclaimer:
(Ideas published are my private personal views about the current market situation usually based on chart analyses and my private outlook to the market.. At the end should everybody investing act on his own risk and understanding)
ETCEUR at 40€ at the end of JuneFibonacci 1.6 and Trendlines indicate that we ll see 40€ at the END of this month..
ETCEUR - Long, Trend following The system is based on trend following approach. There is no profit target, just proper risk management and following of the trend.
