ETCUSD.P trade ideas
1 week ETC = Enormous Tremendous CatapultEthereum Classic (ETC) = Enormous Tremendous Catapult. It seems like just yesterday when ETC was trading for less than $10 bucks. smh I traded it from 2019 till today for as low as $7.68. If I only held and bought and never sold. lol. Welp, anyways it's been a fun past week being totally amazed at the price action. I can't imagine ETC going much higher, but I have been proven wrong every single day the past week. So, when in doubt, I guess just HODL and buy the dips. The best explanation I can find about this is:
"ETC 2025 market cap prediction up to $1.5 Trillion. Ethereum Classic will be the only top proof of work smart contracts blockchain aside from Ethereum, which will migrate to proof of stake, ETC is the only secure proof of work smart contracts blockchain at the base layer. There are no other top smart contracts platforms that use the proof of work based Nakamoto Consensus mechanism. This positions ETC in a unique and extremely valuable niche. ETC Labs, the core developer team in charge of Core Geth, the primary node software client of the network, successfully implemented the Modified Exponential Subjective Scoring (MESS) feature to practically eliminate reorganization attacks.
They also deployed the Thanos upgrade to the network, which adjusted the proof of work algorithm so that a larger base of miners may participate building blocks for the network. The ETC Cooperative; funded by Grayscale, the largest cryptocurrency asset manager in the world, and managers of the Ethereum Classic Trust; continues to promote ETC, producing important research on critical improvements, and maintaining the Hyperledger Besu client, which was successfully updated to operate with the Thanos upgrade.
Most remarkably, IOHK, the company who is co-founder and the main supporter of the Cardano blockchain, has recommitted significant resources to the Ethereum Classic project. In the last few months, the firm has updated their ETC Mantis node client to make it fully operational and comply with the latest ETC upgrades; under the motto “Helping to create a thriving ecosystem”, launched the brand new ETC Mantis Wallet; and has proposed a high security and simplicity focused roadmap for the Ethereum Classic ecosystem at large. ETC has a mechanical, algorithmic, and capped, thus sound and trust minimized monetary policy capped at 210M."
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
EtcIt looked like it was going to breakdown further as rsi started rolling on the 2hr time frame. Buyers managed to hold 134 as support. It could flag out here and chop between 159-134. As long as it holds 134 as support it can reset rsi that’s over extended on larger time frames. If we do get a confirmed hold above 159.66 it could be another breakout play here. Needs to confirm the hold above 160 thou
EtcKeep an eye on 115$ If 130 can’t hold as new support. Also still looking at 105 to be a new support level
Long for ETC Great momentum UpdatedWe seem too be getting less momentum right now but here is the 3 directions the market will end up i have a good feeling etc will go too 300$ easily at this rate
Continued Bullish Outlook for ETC based on Elliot WaveI was lucky enough to get in on ETC around 42 dollars before the most recent price action drove the price upwards of 150 USD. After such a large and fast movement I was very skeptical of continued movement upward and exited the trade yesterday thinking the correction would be more severe. However, after a more detailed looked at the wave structures I think there is a good chance we see more upward movement. I welcome any feedback on the idea.
To get the full context of the coin movement I started off on the day chart to look for signs of the highest degree wave sequence. I denoted the highest degree with the blue numbered curve, and simply used boxes for highlight lower degree impulses.
I believe the price action spanning from Dec to April to be the first impulse of the higher degree movement--completing waves 1 and 2. I 3 of the minor impulses with the green boxes. There could be more going back further, but adding them does not effect the fib extensions. So, they were left out for chart clarity. Additionally, using the red trend line I marked the recent price action leading up to the correction yesterday. I believe this to be a minor impulse within the major wave 3 structure.
You can see this below:
Next, I zoomed on on the recent price action on the 15m chart to take a look at the inner wave movement. I've marked what I believe to be the first minor impulse of wave 3 with the reddish numbered line. You can see that the impulse that started around the 26th of April up to now is also clearly defined by inner waves. The correction yesterday was likely 3 cycle correction following wave 3. See the chart below with the validation level marked.
Following that correction, we now appear to be moving into a leading diagonally extended wave 5 (extension type 5-3-5-3-5) Here is a closer look at that structure on the 5m below:
Below is the fib extension for the wave 5 magnitude taken to be the inverse of wave 4 correction. If wave 5 is in fact extended the magnitude may be greater:
From looking at the run up of other coins it seems like wave 3 is typically made of 3 impulses, which would imply this to be the first of two more. So this could be the start of a longer bull run for ETC. However, I cant say for sure so I will take profits within the fib extension of wave 5 to be safe ...
or lose a lot of money if I'm wrong :)
Below is a high level chart showing this:
Please let me know any thoughts, especially if I sound like an idiot.
11 Rules for the Ordinary Trader
Through your trading carrier, you will learn to develop your own paths and ways to become successful in your own way, but there are many things that will give you a boost of knowledge in your trading carrier. Down bellow lists 11 different rules I have gathered from many sources.
Rule 1: Price has memory.
What happened the last time a stock hit a certain level? Chances are it will happen
again. Watch trades closely when price returns to a battleground. The prior action can
predict the future.
Rule 2: Profit and discomfort stand side by side.
Find the setup that scares you the most. That’s the one you need to trade. Don’t
expect it to feel good until you take your profit. If it did, everyone else would be
trading it. Wisdom from the East: What at first brings pleasure in the end gives only
pain, but what at first causes pain ends up in great pleasure.
Rule 3: Stand apart from the crowd at all times.
Trade ahead, behind or contrary to the crowd. Be the first in and out of the profit
door. Your job is to take their money before they take yours. Be ready to pounce on
ill-advised decisions, poor judgment and bad timing. Your success depends on the
misfortune of others.
Rule 4: Buy at support. Sell at resistance.
Trend has only two choices upon reaching a barrier: Continue forward or reverse. Get
it right and start counting your money.
Rule 5: Manage time as efficiently as price.
Time is money in the markets. Profit relates to the amount of time set aside for
analysis. Know your holding period for every trade. And watch the clock to become a
market survivor.
Rule 6: Don’t confuse execution with opportunity.
Save Donkey Kong for the weekend. Pretty colors and fast fingers don’t make
successful careers. Understanding price behavior and market mechanics does. Learn
what a good trade looks like before falling in love with the software.
Rule 7: Control risk before seeking reward.
Wear your market chastity belt at all times. Attention to profit is a sign of immaturity,
while attention to loss is a sign of experience. The markets have no intention of
offering money to those who do not earn it.
Rule 8: Big losses rarely come without warning.
You have no one to blame but yourself. The chart told you to leave, the news told you
to leave and your mother told you to leave. Learn to visualize trouble and head for
safety with only a few bars of information.
Rule 9 : Enter in mild times, exit in wild times.
The big move hides beyond the extremes of price congestion. Don’t count on the
agitated crowd for your trading signals. It’s usually way too late by the time they act.
Rule 10: Perfect patterns carry the greatest risk for failure.
Demand bruises on your trade setups. Market mechanics work to defeat the
majority when everyone sees the same thing at the same time. When perfection
appears, look for the failure signal.
Rule 11: See the exit door before the trade.
Assume the market will reverse the minute you get filled. You’re in very big trouble
when it’s a long way to the door. Never toss a coin in the fountain and hope your
dreams will come true.
Yours truly,
Jacob Schildcrout
**Note, I dont take credit for these rules, these have been gathered from sources for your convenience***
ETCUSD Ethereum classic Elliott wave projectionThe idea is based on Elliott wave count.
Buying is to be initiated on the break of twice tested support and from the red box.
Once the descending trend is broken on a weekly basis then the uptrend will be confirmed.
Good luck.
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ETC, ETC, ETC...Hello trenders,
Seems like ECT finally got out from the deep. Any resistance left so is free like a rocket.
Maybe someone can suggest in the comments where ETC it will stop cause I don´t see it.
Can be a small retrace but is a strong bullish trend that will continue performing better then many.
Definitely to trade.
MMM (Make Motherf.ckin Money)
Invest your money wisely, be patient.
ETC Elliott wave 5 (the last pump)EW theory suggests this will be the last wave before an abc correction or consolidation period. The ABC wave I drew on the chart is an example of how it may look (rather than a prediction)
MY MINIMALIST CHART ANALYSIS FOR $ETC$ETC - Ethereum Classic
ON A DAILY CHART
5.6.21 2000H +8 PACIFIC
PRACTICE MINIMALIST ANALYSIS
HAS MADE AN IMPRESSIVE SWING UP!
THO, I DID CLOSE EARLY AT THE FIB LEVEL 3.
STILL WAITING
Waiting for the best entry.
Volume traded was at millions
and now down to 500k.
Let us see what the market will do.
Note: This is not financial advice.
#ETC #HighRiskTrade # Long Around $100 Sl 88 Target $130After the 5th of May 2021, all the sharp have pump Etc to crazy drive around 100% gain before go back and build flat price around $100 which is above and support by the MA9 and uptrend price line
(High risk ) Trading plan : Entry around $100 , Sl at $87 Target $130 As R:R 1:2
ETCUSD 5/6/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Congratulation to us who buy this coin below $ 20.00 on TA last April 10, 2021
Right now, everyone is talking on this coin.
There is a saying that "Buy on rumor, Sell the news"
Do you think it's time?
It's up to you.
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Technical Analysis
Ethereum Classic’s Elliot Wave
Simple
Detailed
Here, is the complete wave count of Ethereum Classic on the Weekly Timeframe. No doubt on it that the chart is bullish for the long term. Wave 1 starts in November 2016 (after US Election) and ends in January 2018. Wave 2 start in January 2018 and ends in March 2020 (COVID 19 Market Crash). Wave 3 (Current) start in March 2020 and potentially to end on December 13, 2021.
Last week, the price of Ethereum Classic able to break the previous all-time high weekly closed (resistance) at $ 42.84 and closed at $ 44.802. As you see currently, there is a clear breakout with a more than 100% gains.
Last April 10, 2021, I make a technical analysis on this coin on its potential 140x gains when the price is at $ 20.00. So, just HODL. If you are holding at least 1% of Capital or more, your 100% capital is potentially protected. Here, is the TA last April 10, 2021.
If you’re planning to hold it for long term, maybe buying at pullback is the only choice for now. If you just look the current wave were in, it’s impulsive. Most likely price to increase rapidly in the next weeks to come.
1M
1W
1D
4HR
1HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
ETC/USD 15 minute time frameEthereum classic should be in everyone's portfolio in my opinion and I apologize for not posting anything about it sooner. I been buying and selling the trendline all day today with holding a few more coins for long term gains each time. ETC absolutely exploded today but don't let this deter you from joining the party. 10x gains are certainly possible for a long term hold. looking to grab more bags in the 90s area. 1000dollar coin by mid year 2022. please do your own do diligence before investing. the coin has a lot to offer but still has many flaws to work out. as always I don't really get into what coins have to offer as far as what they do in the crypto space that's for me and for you to do your own research i am simply showing you what I see as far as a trend. price prediction if the following weeks could see a high of $200 if not more. please break down time frames for entry and don't panic with corrections, she likes to move alot and fast. as always trade at your own risk and i am not a financial advisor .
ETCUSD Quick Updateif you took the trade with me on ethereum classic. we picked it up around $7-$8.
If you wish you may take profit here. still some great upside potential with the possibility to make it to my final target at $175. i took profit on all my etc. FYI moved all ETC profits over to Eos and bitcoinSV
good luck
Rigo
Y'all Ready For this As The GURUs Fool You?? 👨🏫 Familiar pattern??? Ready yourselves for this As the GURUs mislead you to the Slaughterhouse...
The Wiping and Gnashing of Teeth is soon to come Doomers be warrened with no relief in sight. This is all a code of lies the Ponzi in feeding you as the good book of fundamentals truth were burned long ago and sacrificed for gains. Chanting "We want Tendies, We want Tendies and they were granted! But what cost watch Diamond hand
P.S. Prepare Yourselves 4 Pride Obliterating Price Discovery (Not Advice Just A Delusional Ding,Ding) 🤤
#TheyBuyLambos 😂 #lambo? All this time I have been saying #LandThough 🏞🏠🏘 LOL
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a lot??? LOL No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Bra
Right now me and Dollars are cool even though everyone hates them and I am all good with for cuz up north CAD and EUR I can't exhaust hating everything but 🤷♂️ ANYTHING!
"KEEP CALM AND MANAGE THY RISK!" 🤓
I am The Coin SLayer 😈👨💻
