ETCBTC trade ideas
ETCBTC: Potential Double Bottom FormationPreviously, I shared ETCBTC chart to show the similarity with the Psychology of the Market Cycle, and stated that I believed we were passing the "Disbelief" phase.
I still think the same way.
Today I realized that ETC holds strongly at 0.00198 level as it did last huge BTC drop. IF -it's a big IF- it doesn't break that support, it is quite likely that we would see a "double bottom formation". In that case, my target will be 0.00283 BTC.
Note: I'm a rookie in crypto world, but I keep reading TA books in my spare times. I have faced the "bear market" for the first time, therefore most of my previous analysis was failed. Trying to learn more everyday, and I suggest you the same.
Bying ETCBTCLevel 0.0019500 is a significant support level for the asset. On the timeframe M30, a breakdown of the inclined resistance level occurred
#ClassicIsComing BULL pick 1 of 5 ETC
-Highest scored coin on Coincheckup: technical/ sentiment/investment/purpose/communication/roadmap/team
-Backed by wall street: within direct access to the general public (now a financial investment product) and institutional investors
-Suported by IOHK (the same team that brought Cordana ADA )
-Purposefully differentiated from ETH but integrating blockchains later in the year
-Technicals look incredible, sentiment is on the rise, positive catalysts occurring nearterm
Four of my favorites still coming
2-NEOGAS: Chinese based dBFT (delegated Byzantine Fault Tolerance) protocol. Backed by Chinese fintech giant OnChain and sister project to Ontology (retail arm)
3-ETP Metaverse: Next 10000% ROI? Highest reward/risk ratio of any digital asset available. Chinese based startup by co founder of NEO. Backed by Viewfin ( Eric 2.09% Gu is CEO 3.18% of both). Currently unknown, small market cap, small supply. Cheapest ETP 2.26% has ever been.
4- ZCash: Zerocash system (improved version of zerocoin protocol). Backed by wall street, within direct access to public and institutional investors.
5-PIVX Improved DASH with Zerocoin Protocol and POS 0.00% . So many interesting developments on the way. These guys are on fire.
Waitin for break out, alerts setWe can see clearly strong resistance at 2067sat and if that is broken in coming days we can see a nice 5-10%
Falling wedgeCurrently ETC could complete the falling wedge pattern which a bullish pattern and might mean the increase of ETC price
ETC is a good buy right nowEthereum Classic ETC is a good buy right now. Potential breakout.
Set stop-loss below 1900
*I am not your financial advisory; it's your money so it's your decision.
BUT.... if I did help you make some money, tip me a little crypto.
BTC: 1HchYXqUZxdfhohRZR8LpUCvSBD2GFtxsE
ETH: 0x567752E9d7FdC1858579fdd7009F8E8eBF7A8d9f
BCH: 194MQstCbCiSWZfRfHQ1dManZmSagNBbmr
LTC: LaoZrwVryZ8jzXm4F93LeH8skSaqv9L38n
DASH: XfixD7gxgGjRZPm1uRU2QYRb
ETC/BTC making a tripple bottomMaking a tripple bottom in my eyes, lets wait with ur entry until it bounce out of that black dotted trendline.
Ethereum Classic - Bullish crab patternETC/BTC is showing a strong bearish trend with OBV decreasing. As you can see in the 1D chart, this bearish trend is the last movement of a perfect Bullish Crab Pattern. So we believe that ETC could drop to the last support around 0.001353 next month and after that, a bullish trend will begin.
ETCBTC LongCrypto market in general is definitely in bear mode and that might last if price doesn't move up quickly by strong impulse. That would mean that we're looking down toward a capitulation phase which could last months.
That being said, I started looking more at alt vs BTC pairs.- And there are some good signals there.
There seems to be a channel forming on ETCBTC. Price just hit the bottom and starts to move up slowing but surely. Good R/R trade.
