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ETCUSDT.PS trade ideas

ETCUSDT : FOR PLANCTON0618 WITH LOVE : Here's your long entry!In response to a comment on a previous post by @plancton0618 , I've been following ETC, hoping to add a little happy to at least one person's day. Well, the time has come. It's maybe less obvious on the 15min chart, but what you're looking at is the very bottom of the previous bearish trend and the completion of a double bottom on the 1Day timescale. Remember, chart patterns are fractal, so conforming to this rule, it has to complete the same reversal pattern, ie. the Double-Bottom, on all timescales. It created the first leg a few days ago and is currently at the business end of completing the second leg (clearly visible on the 1D chart), after which it will be free to return to the glorious days of its all-time-high (ATH), at ~$180.00. Buying at current levels in spot will see your investment reach a realistic profit of around 9x. This would be the "investor" option and much less exciting than what I'd prefer to do. Because of the reliable reversal pattern, it is, in my opinion, the ideal time to open a leveraged position, as it's about as safe as one can expect to get trading crypto. Doing so has additional benefits that spot trading cannot match, even a 1:1 leveraged position (equal to spot, ie. NO RISK OF LIQUIDATION), you will have the opportunity later to modify the leverage and use position profit or margin freed by each higher multiple you choose to adjust your leverage to, to re-invest and scale your position incrementally as the price moves away from the entry level and in the desired direction, reducing your risk profile as it advances. This has profound implications if done correctly, since this is a perpetual position, you are contractually entitled to hold onto (keep it open) or sell (close) the position at your leisure. Sure, this sounds unimportant and you might wonder why I'm mentioning it. Here's why. Buying crypto in the spot market is not only limiting in terms of the profit always being at 1:1, but additionally, you will never have the option to use your profit to "buy more" of the same coin, because selling it will leave you no different in terms of the number of units/coins purchased when it was cheap. Sure, you will have made a profit, but only relative to the original Dollar value, not relevant to the purchased instrument, meaning that you would have to wait for whatever coin you purchased (ETC in this case), to drop before you can realize your gains by then buying more at a lower price. But wait, there's more..  Trading crypto in spot means that you can only affect a direct profit in the upwards/bullish direction, since you cannot short in that market. Trading futures, even at 1:1 allows you the same Zero-Risk guarantee of safety, but with 100% more opportunity for trade. This really begs the question, why do people still trade spot? Ignorance, would be my best guess. Most people prefer to "think" on other things, or talk about some newly hyped project, in stead of really Thinking for themselves. I'd have preferred a very different opinion on the matter, but in the end, it's not up to me, is it? If I were wrong, I'd have expected to hear about or see someone mention this strategy somewhere at least once in the past 7/8 years, but I haven't. Not that I really read articles or frequent chat groups anymore. Nonetheless. I got into this wanting to prove or disprove the existence of a universal theory or formula that would hold true and be reliably applicable to any coin. The idea being that if such a pattern existed and could be identified, it would, in theory, be the Holy Grail of trading. The "Secret". The thing we all wish for when we're kids, and wish for even more as disappointed adults.  I very much doubt anyone is reading this, and honestly, I don't care either way.. I got a warning from TV that I'm not being descriptive enough in my posts, so, feeling either inspired or spiteful, I'm unburdening myself of some thoughts.  What I mean to say, is, that my quest has concluded, and unexpectedly, I believe that I have discovered that secret pattern. In fact, I have and am able to prove it without much effort. It's present in many of my posts. And it's the most beautifully elegant picture of simplicity I've ever seen. Hiding in plain sight. Undeniable once you see it. If market/price movement were indeed "Random", an easily identifiable, reliable, frequently repeating, consistently rule-abiding pattern would not exist. I hoped that it did, but to be fair, it was a tall ask. Nobody has been able to prove anything resembling, even remotely, such a pattern. I took a different approach and it yielded results. All one would need are three consistent markers. Identify the first and the second can be predicted. Confirm the second and the third is very nearly assured.  I don't claim to be able to anticipate every chart ALL the time, but once you know what to look for and you realize how it sticks to the rules, you're able to trade with confidence. Note the impressive level of precision for the 3 dots in the following charts. They hit the same targets with almost perfect precision.  There are many additional implications of what I've learned that offer a compelling alternative to conventional market theory and because I've based my method on factual evidence, it cannot be dismissed when it opposes baseless claims that have been absorbed into what is today considered as Technical Analysis. When I look at the Ideas page on TV, what I see is a cluttered, epilepsy-inducing mess for the most part. Contrast that with what you're about to see and consider the self-explanatory clarity in my charts. * More on the methodology later, to the first serious party that reaches out with intent. Bullish: * On the 1Day timescale: Bearish: TheMethod Unique Features: • Most importantly, it's predictive, not retrospective. • Higher degree of accuracy than any previous techniques, tools, strategies or methods • Is supported by a logic-based framework of rules that form a clear Methodology • Developed using a simple Question : Answer research structure, focusing on "Why" • Identifies both entry and exit levels for Ranging and Trending targets • Uses only the Fib Retracement tool • Applicable on all timescales • Applicable to all coins • Uses no indicators • Uses only one reversal pattern : Double Top/Bottom • Accuracy enables confident trading at high margins • User friendly at any experience level Disproves and debunks conventional market theory promoted ideas including: • Volume • News and events • Market manipulation • Whales • Bitcoin dominance • Market cap • Whitepapers • Elliot Theory • Head-and-shoulders • Impact of world events With a little practice and some usage instructions (which I will write down as soon as I stop procrastinating), I'm confident anyone, at any skill level will be able to successfully apply to achieve profitable trades. I'm not a very patient person, so I'm prone to dabbling in the minute charts, trying to do what nobody has successfully done before, so, admittedly, I appear to be wrong pretty often. Thankfully, I know that most of you are more patient and will be able to quit fidgeting with it and give it time. If you're still reading this, and interested in what I'm blabbing on about, do get in touch.  My efforts have seen me become somewhat of a recluse and the absence / disinterest in social media and networking has not helped in terms of reaching the right people in order to move the project forward. Building a social following in order to build credibility so that I can Then be in a position to share something that has the potential to benefit everyone indefinitely, On-Top-Of having put everything into bootstrapping the research & discovery stage on my own steam, seems like too much to ask for.. I can't think of a valid reason other than recognition and credit, and I'm not motivated by either.  I would, however, like to officialize my theories by having them tested properly by independent researchers and also to collect what's in my head into an easily digestible publication. Just finding myself in a bit of a lull currently, so I'm open to chatting with qualified potential partners to make this happen. For obvious reasons, I've decided to not yet publish the methodology in its entirety. I worked my cute little bottom off doing this and would like to be appropriately compensated, which I don't think is too much to reasonably expect. I'd be happy to impart what I've learned and offer time-based exclusivity to the right candidate. To someone with access to a decent trading balance and some room to take big swings, I can promise this, there's no limitation or ceiling to how much you will be able to grow your wealth. Have been wondering where or how to look for said partner and didn't intend for it to be this post.. Guess it's as good a place as any. 
Long
by Rebelmedia
2
ETC/USDT Will we see a breakdown? Hey guys 👋 Well ETC/USDT pair is next on our watchlist where we see a nice formation her with a small pullbacks from trends. We are looking for a breakdown here which should happen on this week. Now all we need is a confirmation so let's wait for it! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
4
ETCUSDT is testing the supportETCUSDT had a rejection from the daily resistance level around the 22 $ area, which is significant because it has acted as a key level of resistance in the past. Currently, the market is testing the support level around the 19 $ area, which is also an important level for traders. If the market is able to hold this support level, it may provide a bullish opportunity for traders to enter a long position. However, if the support level fails to hold, and the price of ETCUSDT retests it as new resistance, this would trigger a short selling opportunity according to Plancton's rules. Short selling is a trading strategy used by traders to profit from a decline in the price of an asset. In this case, if the price of ETCUSDT loses the support level and retests it as new resistance, it would signal a potential reversal in the market. This could provide an opportunity for short-term traders to enter a short position and profit from a potential decline in the price of ETCUSDT. In summary, ETCUSDT is currently testing an important support level, and traders should closely monitor the price action to identify potential trading opportunities. If the support level fails to hold, and the price of ETCUSDT retests it as new resistance, it could provide an opportunity for short-term traders to enter a short position according to Plancton's rules.
by InkyGrip
12
ETC's Price Movements - Support Levels and Growth PotentialAfter Ethereum Classic found support in the 20 range, its price gradually advanced towards the resistance range of 22-23. However, upon revisiting this area, a significant negative reaction ensued, likely because it coincided with the upper limit of the channel. Consequently, the support level initially identified in the range of 17.34 to 18.42 is being tested once again. There appears to be a certain level of interaction with this designated support. To gain further insights, observing the 4-hour timeframe reveals the formation of a descending channel. It would be prudent to monitor the potential breakout of the channel's upper boundary and the resistance range of 20 to 20.50. However, should the current support be breached, the price decline may persist towards the 17 range. Hence, the support level at 17 serves as a more robust reaction zone, offering a possibility of Ethereum Classic resuming its growth trajectory.
by MonoCoinSignal
4
ETCUSDT | UptrendIn the 4-hour time frame, ETCUSDT has currently broken out of its minor bottom neckline, which is a good indication that it will make a higher high according to Dow theory. Additionally, there is a double bottom pattern, and ETCUSDT has successfully broken out of its neckline. According to that pattern, its projection is at $21.30, which is our final target profit. We entered at the current market price (CMP), and our first take profit level is at $20.50 with a risk and reward ratio of 1:1. ETCUSDT has a weak low at $19.10, which is a strong support area. Its resistance levels are at $20.20, $20.50, and $20.73, with a strong resistance at $21.30, which is our final take profit level. We can also see a minor retracement to $19.70, which is a higher low, and then we can expect a higher high to $20.58, which is highly likely to be tested because there is a Fibonacci golden number of 0.382.
Long
by awaisulabdeen
ETC - Massive price movement coming! The enormous triangle currently displayed on the chart represents the price trend that ETC has been following since August of 2021. A successful breakout from this particular pattern is likely to result in a significant price movement for ETC! If the price breaks below 16$, a move down to 10$ may happen! Current market conditions suggests that many altcoins are exhibiting a bearish outlook, with a considerable number of them having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins are likely to suffer significant losses. It is my projection that a decline of at least 50-70% in altcoins may occur prior to August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021. Regarding Bitcoin, it is possible that it may soon reach 25k so trade safe ------------------------------------------- About BTC: It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present. Upon examination, it is also evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
2
ETC - Massive breakout possible! The price is brushing the upper trendline of the triangle and a breakout is possible! The idea is: Buy when the price breaks above 25$ and take profits at the levels shown in the chart. Targets: 1. 28$ 2. 32$ 3. 37$ 4. 47$ 5. 53$ ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Long
by MBM_Crypto
40