Ethereum Classic - Never Judge a Book by it's Cover -Hello everyone... I have decided to go retro here with my format. Due to many people being misled and confused by others, hence forth, I will only be posting Educational material--with the hope that it will provide some valuable insight and lessons for new traders and investors.
For those who do not know me, my name is Longmoney. I am new to trading (going on approximately 9 months now) but not new to the Crypto-sphere. I have been diligently studying Satoshi's vision since 2009 but was unable to enter the market until 2013. For those who know me, they know I speak the Truth.
I went from Hodling to Trading in 2018--at the peak. But only after years of watching and analyzing the behavior of this volatile market. I feel many are deceived and misled by so-called "Pros" and YouTube Gurus, and I feel that it is my ethical duty and responsibility to enlighten and share what I have learned after many years of experience traversing these markets.
With that said, today's lesson for those looking to become successful traders will be on timeframes and Exchange differences within the market. Exhibit A : Ethereum 0.58% Classic. Some call it the "Real" Ethereum 0.58% , while others prefer to refer to it as a trash coin... IMO 0.26% , I honestly do prefer the latter--regardless of its' extreme volatility .
Please see the attached chart for a Daily perspective on ETC--courtesy of Bittrex. My educational advice to new investors and traders is to have patience in the market and stick to the daily until you are more comfortable with the lower timeframes. It took me nearly nine months to become comfortable stepping down from the 4hr chart. The general rule is: The Lower the Frame, the Greater the Noise.
Exhibit B: Is an ETC chart on Coinbase. Take note of the lack of history, which can easily make one lose sight of the larger degree picture. Study these charts and feel free to ask me any and all questions. I am here to help those in need--and to to destroy those who seek to do any wrong to those trying to learn.
I am Longmoney, aka 1.55% The Whale Hunter, aka 1.55% The Robin Hood of TA...
Those who know me, know...
Etcbtc
very interested to see what happens here already into C or 3 completed perfect abc to the t..... I want to see if it goes up past to get us an impulse or if we are going down.... THIS COIN HELPS ME MAKE MY PLAY ON TRX USDT......
ABCD patternBitcoin currently is in danger of falling so Etherium will follow his moves. If Bitcoin won't fall we may see a breakout sooner. Otherwise it will go wown to the nearest support.
ETC could be in "AB" part of ABCD pattern. If/when breakout next target will be 1330.
15 minutes TF
Day timeframe
LONG ETC 30% or More Confirm.Hello Dear ,
As you can see, Ethereum Classic already lose millions volume.
but don't worry, it will be recovery more fast and we just waiting for other big news.
Trust , 2019 time to classic.
Short Timeframe/ Day Trade Shorting Opportunityshort 3.90 - close position at 3.65 - moderate leverage if necessary
ETH to test $130's?!ETH is not looking to good right now. From the Ichimoku cloud and the Stoch RSI we can see that we are still very bearish at this levels. In my opinion ETH will test $130's and if it breaks lower than that we could see $50's for sure.
UPDATED: ETC Ethereum Classic VS USDbitcoin dump to $2,900 can move it down to the House Zone - if it retains bullish ETCBTC reversal - then just look fro the buy ZONE
BUY The F.U.DETC Dev announced shutdown. The majority thinks ETC is DEAD, going to ZERO. Strong NEGATIVE WORDS. Buy the FUD and Sell the FOMO? Well, this is what FUD looks like. Downside: It could go to ZERO. Upside: It could be trading around $100 in a few month's time. YOUR CALL.
looking for a good bounce here for ETCETC seems to have found a good bottom for now. can see a nice bounce, as long as BTC stays green or going side ways. if BTC decides to take a dump, so will ETC. Analyze BTC first, then watch ETC.
ETC makes higher high, but still stuck in channel, like BitcoinI wanted to point out the channel that has been formed off of the (thus far) crypto bottom.
Ethereum Classic has actually made a higher high in price, but found resistance at the top of its channel.
Bitcoin is nearing the support of its channel, so really needs to see a bounce soon, and not fall below the channel.
Also, ETC/BTC pair printed an 83+ on hourly RSI, and then could be forming a bearish divergence. Which conceivably gives ETC room to rest, and BTC room to bounce.
Not giving a trade here, just wanted to point a few things out that I noticed to give a different perspective.
Travis
JMJ - UIOGD
ETC roadmapI really don't like catching falling knifes. Did it so many times an the result in most cases was bad. You either suck yourself into shorting race or accept the losses and forget about the coin untill one day it pump above you buy price =)
So this is not a bullish or bearish forecast. Just a review.
And this week chart shows very good how bad it is =)
We may expect the price to follow bullish BTC and bouce towards 1230. OR it will follow bearish BTC and fall to 1140 (and most probably below it).
ETC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Thanks for visiting.
To know the whole market bottoming, maybe OG coins could tell1 more smooth landing for ETC
if true, it could tell BTC will go down somewhat, Lower Low or Low within the meme triangle is still unknown.
but i would see the real-time interaction once ETC hits the Blue Main All-time support where BTC will be
Buy ETC HOLD for 13 days why????ETC look nice for buy look deep price Buy some ETC for 13 days why? prntscr.com l think ETC will pump bcause this event you can buy for mid-long term ETC have another event in the end of this year prntscr.com if you ask me about the target and area buy you can see in chart
ETC will steal your bikeSince almost no trader care about this coin anymore, this is mostly for miners.
Some people think that ETC is the real Ethereum, or BTC v.5 or something. They are expecting a huge etcbtc breakout, but we prepare for the opposite. It will break hearts. It will crush dreams.
No hype left in ETC.
No news, no breakthrough code development, just barely represented on exchanges because some people still mine and sell for some piece of btc.
I believe it will drop below 130k satoshi very soon.
