Etc
BITCOIN Breaking ChannelIn the previous analysis of Bitcoin, we mentioned the ascending channel of Bitcoin and said that you should not enter into the transaction until it breaks. Well, now this channel is broken up and if the price supports it, it can go up to $26,000. I specified possible scenarios according to the new support range in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETC/USDT ShortOur chart is indicating bearish path for etc in the next few days. Why?
- There is a possibility we do a breakout on the trendline and reverse from the Fib level&vp line last session. We will open a short signal up on confirmation ( at the trend line ) as the chart indicates!
Our take profit will be at the golden channel in the fib, it's a buy zone as it also contains pivot points support & Vp line.
Have a good day & I hope you like my scenario. keep it up y all
Ethereum Classic Grows 101% In 10 Days... Can Do More!ETCUSDT has grown by a massive 100%+ in the last (MASTER NUMBER 7) days but more growth is absolutely possible...
The give away signal on this chart is the huge volume.
Notice the last two candles...
The potential is on the chart and it goes all the way to 99% but personally we are happy at 38% from current price and maybe up to 65%, but we stay conservative and always secure profits along the way.
Everybody has their own system/strategy, their own best method on how to sell to maximized profits.
Make sure to withdraw as much as you need as your trades develop because what comes after the bullish wave, we don't know... Can be a classic retrace or something we are not prepared for.
Namaste.
Ethereum Classic (ETC) - July 19Hello?
Welcome, traders.
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Have a good day.
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(ETCUSDT 1W Chart)
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If it touches the resistance section of 36.26-47.10 and falls below 30.50, Stop Loss is required.
(1D chart)
The key is whether it can move higher than 30.50.
To do that, we need to make sure we can keep the price above 22.51.
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, if it is supported and rises in the 36.26-47.10 section, it is expected that the uptrend will continue.
If not, Stop Loss is required to preserve profit and loss when it falls below 30.50.
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Why is the price rising and why is it falling???
You don't have to waste time trying to figure out the reasons for the rise and fall, because you don't know how far it will rise or how far down if you know the reason.
If you find a reason, you can create a basis for subjective judgment and proceed in a strange direction.
When the price rises, it is better to focus on which section to sell and check the movement of the chart.
You can respond based on whether you find support or resistance at the support and resistance points on the chart.
When you start trading, you sometimes overlook the current movement and unconditionally hold on to the desire to get more profit.
It is extremely rare and close to luck that such holdings can yield large returns.
It is often the case that after earning a large profit from such good fortune, they trade excessively and return the profit.
The stock market or coin market is an investment market that earns money by reacting.
Thus, it is a market that reflexively gains profit by identifying price movements and responding appropriately to reduce losses.
If you trade to get more profit, you will overlook the loss and end up trading with a big loss.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Ethereum Classic Price Analysis — July 18Ethereum Classic has tapped the critical $23.00 line for the first time since June 6, following a consecutive six-day rally. ETC also breached the daily 100 EMA for the first time since March and stands the chance of prompting a momentum change if it closes the day’s candle above this line. Better still, ETC could put $30.00 back into focus if it manages a candle close above the $23.00 mark.
However, the price appears to be in overheated conditions (see stochastic indicator), warranting some cautions on bullish bets. Regardless, the cryptocurrency stands a real chance of sustaining the newly acquired bullish momentum. As mentioned earlier, the price rejuvenation comes after the confirmation of a possible launch date for the Ethereum Merge upgrade.
Meanwhile, my resistance levels are $23.00, $25.00, and $30,00, and my support levels are $20.00, $18.00, and $17.00.
Total Market Capitalization: $1.01 trillion
Ethereum Classic Market Capitalization: $3.06 billion
Ethereum Classic Dominance: 0.3%
Market Rank: #24
Bitcoin Channel in 4HIn the previous analysis, we expected the price to increase in the 1-hour time frame, which hit the target, and currently, Bitcoin is in an ascending channel in the 4-hour time frame, which if it reacts to the channel ceiling, the possibility of falling to the bottom of the channel. we have. So, if you have an open position, it is better to save profit until the price goes off the ceiling.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Bitcoin & Ethereum Will Follow | Ethereum Classic LeadsWe are aware that the cryptocurrency market is all correlated and all the cryptos tend to move together, specially the Tether (USDT) pairs.
Whenever Bitcoin goes bullish the altcoins USDT pairs also go bullish.
If Bitcoin crashes so does the altcoins.
This chart is for Ethereum Classic vs Tether (ETCUSDT), just notice todays candle.
It has really high volume, full green, trading above EMA50 and going straight up.
The ETCUSDT chart is also identical to Bitcoin and Ethereum in that the initial low was set 12-May followed by a lower low on 18-June.
A little tip on how to spot a bottom.
When a correction/bear market is taken place, prices dropping, volume tends to stay flat until a panic force comes in and volume grows strong on the first drop (12-May).
On the second drop which is a lower low (18-June) the volume becomes lower than the first one, this signals that the bottom is in (bear momentum loses strength).
Back to ETCUSDT, it is moving strong now while Bitcoin and Ethereum consolidate.
My theory is that Ethereum Classic won't move alone...
It only grows if the king grows.
In that case, Bitcoin and Ethereum are very likely to follow...
That's just my view of course.
But I will be here tracking the charts to see how it goes.
Namaste.
ETC 0.618 SHORT TO 0.618 LONGETC increased 13% today already. I think we have something to short at the level around 20$.
This erea has formed and supply zone and also the 0.618 golden pocket correction to the upside and its not touched before, so there will be a lot or orders to the downside.
After this potencial dip i personally will long it at the 0.618 Correction.
Ethereum Classic Falling WedgeLooking at Ethereum Classic (ETCBTC) we have a falling wedge pattern that is yet to break.
We have two levels where this pattern can be completed.
(1) Reaching the 0.5 Fib. retracement level at 0.0007107.
(2) Reaching the 0.618 Fib. retracement level at 0.00006799.
The second level is normally the stronger support but prices can bounce anytime.
There is a 17% target mapped on the chart, short-term.
Mid and long-term there will much more growth.
Namaste.
ETC can go lower than you can imagineAs we can see on the ETC chart, even levels formed without removing liquidity. Major stops and liquidity are below previous lows. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think that the growth was manipulative and we easily can see POI 1 and POI 2 IN THE CASE IF THE PRICE EXITS OUT OF THE UP CHANNEL.
CRYPTO - ETCHello friends, let's talk a little about the market and the state of the ego, everyone is already aware of this downtrend, the coins are flooding with growth like there is none, whoever trades now, I advise you to stick to risks, remember the first task of a trader is to save money, put stops if your postures go against the trend , I also want to tell you that the recession can be very protracted and long, so I advise you to take something locally with small takes, when the profit is set to stops at no loss.
And so a little about the coin, now a falling wedge has formed and there is a good accumulation inside it, I will take it already on the breakdown, I showed it in more detail on the chart.
All good trading
ETC buy zone is hereThis idea is crafted with a bullish mid term mindset, trading spot / 2x leverage with DCA implementation.
I am entirely aware if BTC breaks below 40k, it is likely that alts will be unpredictable. I am not considering this scenario in this idea.
ETC has been consolidating for about 210 days from its 183 ATH in may 2021.
My idea is that these levels marked 1, and 2 on the chart are a good place to accumulate based off BTC showing strength pushing 51k today.
Indicator wise, we have been reaching rock bottom RSI levels and deep momentum waves marked as blue boxes, both today and September 2020 have levels this deep.
You can see this was a relatively safe buy zone as ETC rose 3600% in the coming 200 days.
I have also marked an ABC structure coupled with a FIB from the top of the A wave and bottom of the B wave.
This would give an approximate secure profit level at somewhere around 170-260 USD.
It's entirely possible to retouch level 2 at around $17 if we saw BTC drop to 42k before pushing further upwards.