ETCBTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: +78%
Profit Factor: >5.3
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Etcbtc
Ethereum Classic goes its own wayCoin of the day is Ethereum Classic
Ethereum Classic was born as a result of the Ethereum fork after DAO hack, mainly because the community could not come to a consensus about abandoning pretty large amount of ETH.
Two years passed since DAO events, and for now, Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap. The whole crypto community carefully listens to Vitalik Buterin and watch after Ethereum development.
Regarding the success of Ethereum, quite a lot of people seem to question why Ethereum Classic (ETC) still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention?
These legitimate questions have been raised more often since the listing of ETC on Binance and the announcement that Coinbase would soon support it too.
Here a brief outline of the Coincast interview on the future of ETC from Igor Artamonov, founder and CTO of ETCDEV:
ETC seeks to be much more decentralized by taking a Bitcoin-like approach. Perhaps that a statement like "ETC is to ETH just like LTC is to BTC" would be slightly accurate thanks to the architectural similarities and differences in coin supply, but the situation is more complex.
While ETH is transitioning to a PoS system that creates more centralization under the "governance" label, ETC is committed to the original values of cryptocurrencies.
As ETH transitions towards Casper PoS, it's expected that miners will jump into the ETC ship and help the coin grow.
More precisely, Ethereum Classic isn't about ICOs. They won't try to compete with their bigger sibling in terms of becoming the platform to finance businesses and tokenize the entire crypto space. Instead, they seek to facilitate smart contracts for Internet of Things.
In a nutshell, it's safe to say that ETC is the middle ground between the philosophies and technical implementations of BTC and ETH.
The one thing that we could be sure is that ETC is not abandoned and interested people and teams are participating in the development of the coin, which makes it worth noticing. The logical way of development for ETC would be not to compete with ETH but to go on its way, for example in trending areas like Internet of Things and independent small miners. Below let's get in details with the chart patterns of Ethereum Classic.
Technicals
Overall pattern of the ETCBTC chart: growth in the first part of 2017 – falling since the middle of the 2017 year – bottoming at the start of 2018 on the 0.0015 level and further trading in lateral gradually growing manner. At the beginning of July, we saw a breakthrough from the Bearish pattern and attempts to start the new growth cycle. For now, the price broke above the 0.0025 level but found a resistance at 0.0028 level. The falling price has reacted on the July Bullish Trend Line and stopped, so we could expect a come back to the uptrend from this level. For the uptrend scenario, the next goal is 0.003 level. In case of a breakthrough below the Bullish Trend Line and 0.0025 level, we could expect a deeper correction.
ETC I Want To See A Touch At 3000!Bulls have broken the 2630 level which now acts as a new support level . It has allready been tested (could get another test but I dont think it will).
I want to see ETC make a move to 3000 before we get a bigger correction in this triangle.
We will face minor resistance at the 2900 level and heavy at the 3000.
I've been hearing the 16th could be the listing date for Coinbase but haven't seen anything official.
Twitter Crypto also seems to favor the bears but i think alot might want in on cheaper prices.
I don't think BTC -0.43% can make a difference unless it makes a big move, seems to be relatively detached atm.
ETC LAUNCH Traders,
Here we have ETCUSD 4H chart.
This monster is preparing for its big move next few weeks but we have levels to break
1-17.8$
2-19$
3-20$
4-The Heaviest level will be at 24$
We have a question: Are we bullish ?
Ans: Not yet till we have a separation of BTC moves like ltc,eth and bcc done, so when?
After breaking 24$ level so we will take this pair as a serious bullish monster.
Regards,
Mohsen
ETC/BTC SHORT Safe ETC/BTC low risk high reward, Shorting the market.
I'm seeing strong resistance level at 0.002841 on daily chart.
RSI looking almost overbought(ALMOST) and strong resistance
ABC waves (2 scenarios) just wait it out.
If you have different opinion feel free to share it
STAY LIQUIDATED!!
(Plug) Twitter: ACGAXS
ETC - Bulkowski's Big WWe have formed the bottom of a Bulkowski's big w pattern, with a bullish pennant forming (continuation pattern) so we should see a step up from here and complete the W pattern. If we follow the W drawn on the chart, we are expecting to hit all targets within 28 days.
ETC
BUY: 0.0026 down to 0.00245
SELL:
SHORT TERM
0.00274
0.0029
0.0031
0.0034
0.0037
LONG TERM
0.0055
0.0081
STOPLOSS:
0.0022
Etherum Classic (ETC) vs Tether (USDT) - Going Bullish ($$$)Etherum Classic (ETC) has been doing great the past few days, lots of growth and many positive / bullish signals are developing.
I posted an update in my long term Etherum Classic vs Bitcoin (ETCBTC) trade which you can find here:
Now, let's take a quick look at ETC vs USDT.
By looking at the daily and weekly charts, we can spot the following signals:
- On the daily time frame, we can spot a bullish MACD plus strong positive divergence.
- The RSI is on the bullish zone and asking for more. The STOCH is very bullish as well.
- We have a signal that never fails, EMA10 crossing up EMA50, as well as SMA20 crossing up SMA50 (which is basically the same), very strong bullish signals that points to additional upward movement for this coin.
- We are now trading above the EMA100 line, which hasn't been done for over 2 months. The next challenge is the EMA200 line at $18.5.
- Three consecutive green candles is another bullish signal.
- Volume is a bit low but momentum is building up.
- On the weekly time frame, to the right, we can see that ETC has been positive for 4 straight weeks and now crossing above the EMA10 line, which is great for this coin.
- The MACD is yet to turn but the RSI is slightly starting to trend up as well as the STOCH.
- A strong close on the weekly time frame can mean huge gains next week... And that's exactly what I believe.
Note: This is no trade advice. This is an educational post.
Thanks a lot for reading, I hope you were entertained by this information and wish that it can help you earn a few bucks.
Namaste.
P.S. Please make sure to like, share, follow & comment to support more of these trade ideas.
Crypto update for the day part1part 1. Overall everything seems/is bad.
Ill post part 2 later. I have to run some errands.
Let me know what you all think.
-Bry
ETC wedge toward Highs at 17.8Hey guys, ETC is building this wedge toward the highs at 17.8 -we actually had a wick at 17.5 already. => A consolidation at this stage would be pretty normal.
While a wedge is mostly bearish, in this case it is quite remarkable that ETC manages to stay at the upper trendline of that wedge: If you were to align the wedge to a smoother move, it would equal an ascending triangle. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
=> Therefore: beware bears! Even if the wedge breaks bearish, it is the weakest form of trend reversal. You can always get a smoother trend continuation with wedges => That's why I personal never play those.
All in all, the bulls have the upper hand now: We have made the 12 & 26 EMAs to our support, and if we manage to keep them the next days, it might mean bullish continuation for several weeks to come.
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Ethereum Classic back to $48 in coming weeks - CryptoManiac101Medium to long term investors can look for entry point now or wait until demand zone.
Enjoy this trade, advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
ETC/BTC BinanceIts far from where the good buy points were. Id recommend waiting to see what happens to buy. There seems to be a massive amount of resistance above the current price. But I feel good about where the price is in regards to the avg bottom that it used to hold.
I wouldn't trade it because other coins are more obvious with their TA, BUT...
the current trend has checked the .5, so seeing a bounce at 2446 would seem ok, but the inability to go higher than the recent high seems to be a big bear flag.
I have good faith in 2144-2172 as a steady base, instead of the old 2000. the next place i would be kind of ok with is 2231.
All of it can be followed on the chart, so there isn't much to say.
ETC Bulls: above the necklineHey guys, the ETC bulls managed to stay above the neckline vs. their BTC bull brothers -this shows the clear relative strength vs. Bitcoin, as also seen in the ETC/BTC chart.
Just like I wrote yesterday, we had some room to retrace to the EMAs on the 4H, and we perfectly touch the 26 EMA , also testing the previous neckline, now turned into support.
So, ETC bulls are clearly waiting for the go signal - which is gonna come from none other than their BTC brothers, but who are right now still indecisive. If they don't get the go-signal, they're not going anywhere. For me personally this is a no-trade zone with too much choppy action & wicks. Therefore, no matter what you play here, never forget looking at grandpa BTC.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC