Falling Wedge/Bullish PennantIf BTC breaks above the triangle/upper down trend line.and ETC stays above 0.002109 we probably will have an increase of price forming from the pattern has shown in the graphic
ETCBTC trade ideas
ETC breakout is coming ?
I think we will soon get a breakout towards the 24171 satoshi first target
second target 27340
ETC from Bull to Bear#ETC started this week very Bullish and followed a perfect Elliott Wave to rise 23% over two days. After that #ETC moved into a correction that has now become a very Bearish Descending Triangle and have retracted 12% in the last three days. Bear Trends typically break downwards and with the trend on weekends for Altcoin prices to fall we can expect either a flat continuation of the price till Monday or more likely a downwards break and a retraction to 0.00205 BTC.
As always do your homework and decide on your own trades.
ETC Bullish Targets 1 2 3 on the Daily.ETC looks bullish despite the weak looking BTC. While ETC has been trading over a billion in 24 hours BTC continues to break support. I like what I am seeing on the daily chart. ETC is showing a lot of strength and has the potential to break out of the channel to the upside before the Callisto airdrops. I would expect that there is going to be a dump before and after the Callisto airdrop. It gives opportunity to the buyers to pick it up to those who dumped and others will ride the wave -based on a catalyst- and sell to guarantee their profits. In other words, not worrying about the airdrop. Airdrops are usually worth nothing until price matures.
4 Hour looks really good as well.
What to look for:
Set stop loss near RSI the black support trend line.
Look for an inverse break on both RSI and MacD.
BTC must remain stable or ETCBTC can drop with BTC.
Momentum looks strong with kumo clouds tightening. Momentum can also push the price to the bottom.
New ETC Wave StartingETC have been following a perfect Elliott Wave pattern. After the initial five waves ETC had a corrective ABC wave and again with a textbook 50% retraction to 0.0217 BTC. Now on the next wave and using the previous ratios the estimate is that wave 5 will move to 0.026 BTC by Friday close of business.
Weekends are notoriously bad in the Crypto trading world so there will highly likely be an ABC correction over the weekend before resuming its upward trend next week.
Do your homework and make your own decisions.
Long Ethereum Classic Bullish Cypher Pattern ETCBTC Bitfinex - Support level now at 0.0019400
looks too much under value right now.
Fellow bag holder patiently waiting I really doubt we will see any significant price movement until April or May. I believe we will stay in this support zone until overall market sentiment changes.
The RSI on the daily is giving oversold signs so we could see some retest of ~.26 levels in the near future.
We also could always go lower but I think we would need something really bad to bring us below .18k sats.
Overall I'm gonna hold this bag for these (speculative) reasons:
I've noticed that ADA and IOHK are working close with the ETC team. This can be shown by the Daedalus Wallet preparing to accept BTC and ETC in the near future.
Also with ETH shifting to POS there will be mining companies looking for something new to mine. Will that be ETC? Who knows...
This is only my second published TA so please commit what you think and if I can improve anything.
Thanks for reading :) and happy trading
ETC/ADA/XRP vs USD BTCJust another take on the altcoin winter we're currently in (using high volume coins such as Ethereum Classic, Cardano, and Ripple to get a read on the current trend). The graph looks extremely bearish to me. Think we're still firmly in distribution mode -- i.e. it's not time to start accumulating yet.
ETCBTC - Deep 4th wave Fib Retracement & 6.6 R:R for 5thETCBTC pair on 30-minute chart
Using Fib Retracement on the 3rd wave, the 0.618-0.65 pocket for the 4th is likely to be around 210,000 satoshi (0.00210000). This would be a good buy position for the fifth at 255,000 satoshi (0.00255000) with a stop limit just below the 0.786 which is not far from the 0.65. The Risk to Reward here is 6.6
I think this is worth a try.
Note :
This is not an recommendation, just an observation and experiment with wave analysis projections.
Ethereum Classic (ETC) - 400% Possible Earnings
Hi Folks.
Another great opportunity. We are at the bottom of the price and the bull is about to wake up. It all depends on btc and global trend but stay positive.
Just to remind you - scoring at coin gecko is high - 12th place with 81% score of the developers. On coincheckup strong 4.7 out of 5 stars.
Next couple of weeks we should be in a rising trend.
As ETH encounters problems with scalability and they might to switch to Proof of Stake, we can expect enormous gain on ETC.
We've heard many miners already switch to ETC as they expect a huge gain.
Moreover, in the upcoming weeks there are couple of events which may have possitive influence over the price.
31.03.2018
ETC Desktop Wallet Release.
ETC developers want to release toolkit to build applications running on ETC.
Targets are : dekstops, mobiles, web and shell scripting.
30.04.2018
ETC Beta of Mobile Wallet Release.
31.05.2018
Working prototype of Sidechain & Enable new Opcodes :
New project for 2018, sidechain implementation as native part of ETC infrastructure and protocols as a way to add scalability and bring ETC to IoT.
Technical Analysis facts:
SMA50 crosses SMA200 - bull`s cross
Butterfly bull's pattern
We are at the bottom of the longer trend - one can say we are at the bottom of the big forming cup with handle
MACD bull`s cross - strong buy signal
DMI - we are about to see crossed signals - strong buy - bull's signal - blue line in uptrend
Fibonacci Levels:
1. 0.0032850
2. 0.0044900
3. 0.0054682
4. 0.0064438
5. 0.0078329
6. 0.0092800 (ATH)
7. We may go further than this but it is long term and risky.
Stop loss at around 0.0014
We highy appreciate you thoughts. Please do share with us what you think and what your ideas are.
Looking forward to hearing from you!
Stay tuned.
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CURIO:
The oldest person is 122 year old Jeanne Louise Calment (France). She was born on February 21, 1875 and Joanna died in a nursing home in Arles, in the south of France on August 4, 1997. Jeanne Calment survived many important events that shaped the world in which we live today. These events occurred in all areas of life; social, political, scientific and technological. She survived two world wars, television development, the rise of a car and a plane.
ETC Classic Elliot Wave busy with CorrectionETC has increased in value very nicely and followed a Classic Elliott Wave patter. It seems that ETC is now in the ABC Correction phase with price to drop to around 0.0022 BTC after which we should continue with the upward trend to get to 0.285 BTC in the next leg up by Friday 23 March.
ETC Classic Elliott Wave on last leg of CorrectionETC has been moving along a perfect Elliott Wave for a few days then moved into an ABC correction. The target is still around the 0.0220 BTC before a turnaround to start the next leg up to around 0.0285 BTC by Friday.
ETC/BTC Support and Resistance after the daily bounceETC/BTC has finally had a bounce after a couple of brutal weeks.
The bounce consists of low volume, so I expect this to be more of a dead cat than anything.
Shorting oppurtinty at daily tenken and kijun levels as long as we break above the local resistance that it is about to meet.
For a long position on ETC, I would like to se a push to 0.03 level with consilidation and a break above the down trend.
Any break down from this local bounce I see it retesting the last lows.
