ETCBTC trade ideas
Short ETCBTC till the September 17, 2019.Ethereum Classic (ETC) Developers Schedule Hard Fork for September 17, 2019.
The chain, forked from Ethereum in 2016, will activate the Atlantis upgrade at block 8,772,000.
The Atlantis hard fork will include 10 Ethereum Classic Improvement Protocols (EIP) and will be the first major upgrade in a year.
This news has shown 59% of profit from the August 2019. Good luck!!
Alt Coins - Actionable ~ Identifying a low ~ 8/30/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Ethereum Classic (ETC)(Continuation pattern, possible target $101. This is continuation pattern.
2. Ethereum Classic is waking up.
3. WIth lots of news and strong backing.
4. Ethereum Classic dominance is growing as well.
Link to dominance chart:
charts.cointrader.pro(MARKETCAP-ALTCOIN%3AMARKETCAP-ETHEREUM%3AMARKETCAP-RIPPLE%3AMARKETCAP-LITECOIN%3AMARKETCAP)
ETCBTC Bullish FlagBullish Flag is clearly visible
ETC is on uptrend right now
Good Funda due to new Binance new (Lending) can affect the priced.
Breakout is possible in this time-frame.
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The information given is never financial advice. Always do your own research.
ETC breaks out and establishes a trendFor the last months I wasn't spending much attention to altcoins, except from their total marketcap point of view. Most of the time they were bleeding out anyhow.
What brought my attention to BINANCE:ETCBTC ? I was screening some of the volumes to marketcap on CoinMarketCap and found that ETC has a really hight volume to marketcap ratio, constantly over the last weeks. Sure, those volumes on crypto exchanges are far off being reliable, nevertheless it caught me.
Now we have the situation that ETC broke out yesterday. First it managed to go through the 200 MA like a hot knife through butter, but also took out the resistance aroung 640 sats. This area price failed end of july and back then was where the 200 MA was. EMAs are constantly crossing upward direction, same goes for their slope. It looks like ETC is about to establish a trend to for the short term. By no mean we could say we left bearisch territory, but in the past ETC tended to have some decent rallies.
Currently, we can find a bearish divergence on the chart between price and the stochastic indicator. This migh signal reversal from recent highs and might wick back to the breakout zone, to confirm the breakout. This area I would consider a nice opportunity for an entry, but watch closely on the other indicators. For example I don't want the stoch indicator to lose much room to this price action, it should stay above 50. Once you are trading crypto against Bitcoin, always take Bitcoin's price action into consideration. One big move by Bitcoin and all the possible setups are wiped off the board. More often than not in the last months it happened.
As always, I will keep you updated on that one, once we see a change in the landscape.
[ETCBTC](55%) Ethereum Classic Bullish Engulfing, Trade SignalEthereum Classic (ETCBTC) is showing a nice bullish candlestick pattern called bullish engulfing... This only confirms after the daily candle closes today above 0.000543.
This and other signals are telling me that ETC can go bullish soon. We have above-average volume today (still developing as well) and a bullish RSI... Let's proceed straight to the trade details.
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PAIR: Ethereum Classic (ETCBTC)
ENTRY: 0.000520 - 0.000560
TARGET:
(1) 0.000595
(2) 0.000625
(3) 0.000660
(4) 0.000680
(5) 0.000715
(6) 0.000770
(7) 0.000810
(8) 0.000860
PROFITS POTENTIAL: 55%
(Buy calculated at 0.000555)
STOP: Close weekly below 0.000480.
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This is Alan Masters.
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Namaste.