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Etcbtc

ETC/USD, Daily Chart Analysis 8/7Implications and Outlook 1. As stated on August 4, Bitcoin, Daily Chart Analysis, ETC (Ethereum Classic) was and is one of the exceptional coins, since there no significant good outliers among the list of smaller coins anywhere. Currently, ETC is one of the top twenty crypto coins by market capitalization, ETC continuously is claiming further gains, up to further over 6% on the trading session. At the posting time, ETC is trading at or about $18.700 level by completing the inner Coin Rally as well as printing a new second quarter high at $21. The coin continues to ride on positive price momentum induced by news reports of its impending listing on well-liked headquartered in San Francisco, California crypto exchange, and wallet service - Coinbase, the listing is set for today (August 7). 2. Price action has created the value of the new intermediate-term inner Coin Rally of $21 , by overrunning Key Resistance $18.700 which is a part of the outer Coin Rally valued at $22.700 . 3. Should the bearish momentum hit this support in the interim; it would be a negative sign from a technical as well as fundamental perspective. 4. The value of the intermediate medium to long-term Mean Support of $16.400 , along with Key Support $14.600, will be a primary target for the bears. 5. Current Coin Strategy Bias: Bullish 60 / Bearish 40
KRAKEN:ETCUSDLong
by TradingSig
Ethereum Classic Coinbase ListingETC is going to DUMP right after/shortly before the Coinbase listing. There is massive speculation on this coin driving the price up, with many day traders all in ETC right now, waiting for the right time to sell. I'm not sure if the dump will happen Tuesday August 7, when Coinbase announces it is accepting inbound transfers of ETC, or Wednesday August 8 -> Thursday August 9, when trading opens on Coinbase Pro. But we can use fibonacci retracement theory and market sentiment to get some idea of where ethereumclassic is heading before the drop. If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks. What do you think?
Long
by mattkon
8
A trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
There is a trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
9
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider: -Fib line -Top of the daily cloud -Descending resistance trend line -Daily pivot Resistance 1 -Descending resistance on RSI We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
Short
by infbp22
New 1HR Elephant on ETCBTCAfter ranging for some time on the daily chart and retracing back to support ETC made a new runup in price. A clear swing high with volume takes the price from below the 200MA and closes the candle above the 200 Moving average. As usual we see a few small rises after this one, and because the prifce barely dipped I would expect price to test local support again before trying to go higher. I would like to scale into a position from the 0.50 to the .0618 retracements levels. A stop is placed just bvelow the 0.768 fibonacci. Should the price not drop from around here, then we redraw the fib to the new high to measure retracements. Because this is the first elephant, I prefer to raise the stops instead of taking full profit on the first bounce from my orders. I will do this 3 times in total before taking full profit on the trade at major resistance. (buy the dip after a new high untill price does not make a new high on this timeframe) This is how I add to a winning position most of the time.
Long
by Coinstreet
1
ETC SHORTS GET REKT, BADLY Frankly, I'd say they had it coming. Who in their right mind would short Ethereum Classic (ETC) when it is due for a Coinbase listing, for all we know in the next few weeks?! Just because you saw some whale hammer the price down so they could capitalize on the panic and buy more, you thought it was a good time to short ETC? Forgive me for being a little straightforward, but you had it coming. If you don't understand the game, just stick to simple buying and selling. How does that work? Well, you buy when it is dirt cheap and you sell when it is insanely pumped up. There's nothing simpler than that.
KRAKEN:ETCUSDLong
by Jefe
13
ETC perfect break of Descending TriangleHey guys, hope you're doing well! :) In this video I'm going to show you how perfectly you could've played the Descending Triangle pattern both on the Daily & on the 15 Minutes, giving beautiful 14% cumulative profits to the downside. If you have difficulties recognizing such patterns yourself, make sure to follow me! I'm doing Daily Crypto Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:ETCUSD
by Edgy_
3
ETC SCENARIOTraders, Here we have ETCUSD 4H chart. Previously in the last idea about ETC we said that we have a launch and determined the TPS and we have TP till 19$ you can check it here below: Now let's look at the bearish ascending wedge. Note that the top trendline is rising. Additionally the bottom trendline (rising bottoms) is rising. It's another battle between bulls and bears. The pattern is formed as each high is higher than previous and each low is successively higher as well. The difference being, the angle of ascent is steeper on the rising bottoms line. The steeper of the two trendlines in both the rising and falling wedge patterns will generally not hold because it becomes harder for bulls (bears) to sustain that acceleration (deceleration) in price. Though the highs are successively higher, their angle of ascent is less steep which implies bulls are not able to push prices high enough to maintain a complete rising trend channel. That is bearish. Selling pressure mounts until finally price will break down from the steep rising bottoms trendline which executes the pattern. Usually we have 7 moves till the break and here we have it one 0.618 Fib and breaking with low potential. Note : This scenario will be canceled if we have coinbase release the pair next months as they said. This chart is a great example of both types of wedges executing with near perfection. Like will be appreciated. Regards, Mohsen
BITFINEX:ETCUSDShort
by MohsenCapital
Ethereum Classic (ETC) Bearish Divergence, drop likely.ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain. Trade can be found here Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position. How to trade: Buy in: On or above the white trendline Sell Target Around 2169 if this idea plays out like last time. if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however. Thanks for viewing! Please leave any comments in the section below. I will respond to all of them.
Long
by HD1184K
2