As seen on channels ETC has been having enormous levels of volatility, Daily Trading can still be quite risky due to volatility levels, for next days expect price increase as today's 350k satoshi was devastating for ppl that bought in in last mini pump at 500k satoshi, once price gets to that level expect a dump from daily traders and people that will go out on...
Better BUY ETC today... Just look at the chart.
up from mid-term horizontal resistance line
up from bottom channel line
up from bollinger lower band
doji candle at resistance
ETC chart is new and theres a lot of speculation between that and ETH so long term who knows what will happen.
Today i think we confirmed a long term trend line after the exit from a triangle formation i had been working with broke.
I think if this current rise can continue we could re-enter that triangle and break out potentially too.
If it breaks out that...
noob warning - I'm a noob.
consolidation, pump, retrace, consolidation, pump, retrace, consistent pattern of all time highs would be confirmed with a 3rd all time high in a row, and likely give enough confidence in etc to break trend and go even higher. at the moment going for 0.007* but depending on momentum might go further. I'll consider opening eth short in...
This idea is not meant to be primarily technical, but a more fundamental analysis to elaborate why the ongoing attempt to use Ethereum Classic (ETC) as a tool to execute a "speculative attack" on Ethereum (ETH) cannot possibly succeed ever!
To keep things simple, the underlying market mechanism of a "speculative attack" can be described as following. In a market...
On the 1H there was alot of volume on a candle the closed lower than open. However the candle also had a local high. This could be a coinsidence. But i think it marks the beginning of the bear market, where the channel i drew, could touch the bottom, and then break down.
The implementation of Ethereum Classic trading on Poloniex is most def one of the most shameful frauds in crypto world I have ever witnessed. STAY AWAY! From both, exchange and scamcoin.
Complete Rektage 100% guaranteed!
Noob trader here. Publishing this to help me track my progress in the ways of TA and to get feedback from more experienced traders. Anyone who wants to share some insight is most welcome to do so.
Lots of opportunities with this crypto pair. On the Daily on the right screen there is Bearish Head and Shoulder pattern. If price breaks and closes above .030 then it becomes invalid for me. If price holds I would look to get short around .024 with a target to .014. On the 240 min there is a potential Flag/Pennant pattern forming price could breakout above .030...
