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Short term ETC opportunityHey guys, As we all know,next monday (6/3/18) we are going to see ETC fork,creating CLO,which will be distributed at a ratio of 1:1. We have had a MAJOR drop for ETC in the past days,as the "investors" a.k.a. people trying to get rich quick,sold ETC in a panic,especially after Bittrex announced that it won't support tha Callisto Fork. The guys at Binance,on the other hand,haven't said a word about this,so i am pretty sure that we will have a "surprise" announcement from them tomorrow.Keep an eye on their announcement portals ;) From a TA standpoint,we got a nice and clean head and shoulders(right shoulder about to appear)...and now we are in a downward movement....so do DYOR carefully if you want to hold this coin on the long run. In my view,this would be a good SHORT-TERM BUY,as the whales already cashed out on the newbies that tried to make a quick buck,the paniced and sold. Stay tuned,and best of luck!
Long
by The_Sparrow
1
(ETC) Callisto is coming! Pre-fork fundamentals and some TA.Today were taking a look at ETC for two primary reasons: (FA) The incoming callisto fork. (TA) Some beautiful examples of market geometry, seen more often as crypto markets become more liquid and behavior normalizes (atleast a little lol). So first and foremost, theres the ever obvious effect of a fork in ETC's near future. After the all out chaos we saw in recent days from the BTCP fork, it's likely many investors are a bit on edge with another airdrop right around the corner. But lets remember one key factor here: this isnt ZCL! In my opinion the ETC team is much more solid and the callisto project holds much more promise than the bungle of a fork that BTCP became in its final days. As with any incoming fork, I believe It's a fair assumption we will see higher volatility in the days to come, providing a wonderful market for us day traders to skim some solid profits off the hype. Remember though, if you're riding profits, get out before the snapshot and impending landslide that will inevitably follow. If you're riding out the fork for callisto on the other hand, hold on for dear life and hope you can transfer onto an exchange quick enough to dump if you're not already long on ETC. Now on to the technicals for the near future: Things made a nice turn early this morning and seem to have gone channel bound for the time being.. Price is officially above 48 EMA. Rapidly approaching 24% fib retrace. Possible wave 3 rally of 5 wave cycle as we break out from the channel AND the 24% retrace. MACD is forming consistent, sequential higher swing lows. MACD was converging a bit, but on a steep incline, and things seem geared up to make a nice bounce and continue upward. STOCH & STOCH RSI bullish and above 80, hopefully we'll be playing around up here for a while as we approach the 24% retrace In short, i think things are looking good for some continued upward movement for the days to come as we get closer to the callisto snapshot block height. It should be noted though that I wouldnt be surprised to rebound off the upper channel resistance and then again off its support before the final rally off above our 24% fib retrace. Also, just something I wanted to point out as I love market geometry: This head and shoulders is the perfect example off pattern interruption and continuation. Although it had a rather clear trend formation, there was a minor aberration above the neckline at the right shoulder which may have convinced some people the formation was incomplete, but we can clearly see that after the minor correction upwards, the pattern "resumes" and takes an impulsive tank downward. The other thing I wanted to point out is the beauty of that initial double bottom turning point we just encountered. Our prior overhead resistance during the down cycle become a new support for ETC, and the rebound from that single tap was absolutely beautiful! Good luck, happy trading, and safe forking fellow cryptoheads! *** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells. *** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator! This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at predicting future movement based on historical AND emerging patterns! Austin Doyle CTO Crypto Playhouse
BITFINEX:ETCUSDLong
by UnknownUnicorn1613901
7
Should you buy: Ethereum Classic?! [ETC/BTC]Hello! Here we will be looking at if you should buy ETC today in it's current position. I have been watching this chart up to the lead up to the fork, and today Edward Morra made a signal for it- so I thought I would also give my 2 cents on it. There is a chance we can bounce off the lower channel trend support and trend to the resistance of the channel, so we are essentially focusing on looking at indicators that can indicate reversal, these I will list below. SQZMOM~ Fully extended currently, this gives opportunity to a potential reversal and squeeze- this is something we need to keep in mind, this is an easier way to comprehend bollenger bands. CM Williams Market Bottom Indicator~ It has flagged this continuation of bars of candles on the support, which is expected. RSI~ Our relative strength index is saying we are in a partially oversold region, this is indicates the chance of a reversal but it doesn't mean it's imminent and can still push well under 30s, however considering we are sat on a support we will need to see the RSI break the resistance I have drew onto it for the chance of a reversal. Wave Trend Oscillator~ Given that the pattern is oscillating alot in larger moves we can look at the way the oscillator has been indicating turns. We are also in a region on the WT which shows we are overbought, and the curve is flattening out. EMAs~ The EMAs I use tend to be at their most distant when the trend reverse, this tells us there is a significant amount of lag between the EMA and the actual trend. I think it is more likely we are going to see a turn, however, there is still a smaller chance these can carry on extending in the current gradient and we pierce the support line which could leave to a large sell off. Bear flags~ Current candle needs to see a bigger wick at the bottom to show us there is more bull pressure from the underside, if we see a strong red bar this could be the end of the line and we could fall out of the channel. Conclusion~ Wait till we start on upwards movement before buy in because you know where we will be heading. Always look to sell BEFORE THE FORK. Don't want to get caught up in the massive selling action, then sit at the airport with your bags of ethereum classic like a muppet! I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like. It really helps out :D ~Xander
by XanderCrypto
2
3 Reasons makes You buy ETC If we take fast look at etc chart we will see Etc Have 1- Upward Trend Since 10/12/2017 "our active call". 2- Double bottom Etc about to finish it at this moment. 3- Airdrop At next 5 March. if you follow us we have active call since last DEC move in 170 % of profit right now vs btc and 2 calls vs usdt from $10.30 and $15.20. and this reloaded call if you missed last active calls you can join now at $36.50 vs usd / 0.00375 Vs btc Targets 0.0046459 0.0060889 0.0075877 we recommend following the mentioned targets Stop-loss 0.0030913 Capital management is recommended we ask Allah reconcile and repay Active analyses VS BTC VS USDT
Long
by HamadaMark
44
(ZCL) Z Classic quick check in: Fundamental & Technical AnalysisThis is going to be a quick one, purely from the fact that BITTREX:ZCLBTC has me utterly baffled right now! The technical: 48 EMA is waaaaaay below 192 EMA, but it's leveling out! As can be seen with the dual offset bollingers, were seeing some serious consolidation. MACD & SSRSI have both formed new swing lows Weve broken through S1 & S2, will test R1 within a few hours And now for what really has me scratching my head, the Fundamentals !!! Folks, I'll be real...this is plain weird. It's february 27th 1:45PM EST The Bitcoin Private fork is taking its snapshot sometime tomorrow (block height has yet to be announced). Never before have I seen a crypto in the 24 hours prior to a snapshot in this much of a slump. I suppose that the community response to the announced BTCP fork could simply be incredibly lackluster, but in my experience it's pretty likely that we will see a serious uptick in volume and an allout scramble for BITTREX:ZCLBTC sending the price for a pretty heavy rally. Could this simply never happen and the current downtrend continues on its way? Sure, but I have serious doubts of such a flat response to a fork, no matter its community impact. Remember though, if you just plan on riding a fork rally you should ALWAYS exit your position as soon as the snapshot is taken to avoid getting buried in the deluge of people offloading their coins post fork. If on the other hand you are actually taking advantage of the fork, HODL for dear life. It may take a day or two, but most coins recover post fork; it's just a matter of waiting for the sell off to finish. *** Note that the MACD RSI crossover strategy I've written has the RSI hidden, and that the earning results are irrelevant as it used for cleaning up major trends NOT buys and sells. *** The dual Stochastic/Stochastic RSI source code can be found on my page if you're in need of a simple space saving indicator! This analysis is meant for purely educational purposes, and whether you choose to trade on it or not is entirely on you! Remember, TA is neither investment advice nor a guaranteed science, but rather an informed attempt at prediction based of historical and emerging patterns! Good luck and happy trading fellow cryptoheads! Austin Doyle CTO Crypto Playhouse
ZLong
by UnknownUnicorn1613901
31
Gold - GC 1 hourI have a cool mate in my ForkTrading Group. He is trying things out, ask questions, sends me charts and throws comments in the blog section. Hi has quiet a good eye. And he's willing to learn. Today I got a chart about Gold from him. I gave him feedback, attached with this two charts. This one is a middle view of both. First I always want some context. Especially if I go down below Daily timeframes. And then I look for details. Like the Sine-Wave, Intention, S&R etc. Here's my thinking about a trade in GC 1H: If anything, I would wait for a pullback in this hourly timeframe to go short. What do you think? Post your comment and if you like to learn to earn, get my free ForkTrading BLUEPRINT. P! Emilio
CShort
by Tr8dingN3rd
4
ETC - whats next?Hello! I've been looking at the ETC chart for quite a while now. Looking at the Elliot Waves on 4hr chart, it seems like ETC just finished 4th correction wave and it's preparing for last, 5th wave. It could go up to around 0.0045 sat in next week or so. MACD and RSI are also showing some positive signals. Also, we have just entered our last cycle ( I draw the first one from start of the first breakout till the start of next breakout and they seem quite accurate because the next breakout ended just at the end of (3)cycle line) and there is no red candle yet in this one so this could be good signal for last cycle. Possible target is around 0.0045 sat, at this point (.0045) is also a strong support / resistence line from previous movements. .....Thoughts? If you take a look at RSI indicator, you can see that we are swimming around the same level as we were before the start of the first breakout.... Let's hope for the best! ^^
Long
by dehumless
2