The dominance of BTC is decreasing.
Dynamic resistance holds back growth.
Buying after a breakdown of the dynamic resistance.
Do not forget that the support level looks reliable. A lot of stop loss is hidden behind it.
They can make a false break-down. And then a rise up.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own...
Hi Guys!
We are back with bunch of good information regarding ETC.
As you already have heard Coinbase (digital currency exchange and wallet headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide)...
BINANCE:ETCUSD
BUY ZONE:
If etc close 4H candle above 23.9 you can buy
If etc close 4H candle under 23.9 you can buy from 22.1
Sell targets:
First target: 25$
Second target: 26.5$
Third target: 27.5$
Fourth target: 31$
STOP-LOSS: Close 4H candle under 20$
When etc get all targets i will update the new targets
If u dont have etc/usd in ur platform you can buy...
Traders,
Here we have ETC/BTC 4H chart.
We see many points on that chart, But I'll short my words to points:
1- We have cypher bearish pattern to short the price to its 0.618 Fibonacci.
2-A small bear channel could be broken with bull move at point number (1) non broken channel means
3-Means that we will break point number (2) and heading to cypher Fibonacci...
Well hello ETC freaks,
As you can see I do really expect a huge run for ETC. I am not giving THE target because I don't think we can imagine the result :)
Have fun trading :)
quiet wizard
We are on Corrective Wave C.
Expect a short drop followed by some sideways consolidation before the next leg up.
So far it has been doing exactly as the waves predicted.
Taking a look at the Ethereum Classic vs the Bitcoin markets to get an idea of what we are up against.
As we can see ETC is clearly in a bearish trend vs Bitcoin on the shorter time period and we are testing the 200 ma on the 1hr chart.
There is some bullish pressure as we can see from the RSI, but there is also a good amount of sellers in the market as prices...
ETC always been the darkhorse to ethereum, but its still a very strong coin.
i believe we've gone through the 1st 4 waves of etc with a final 5th one coming very soon.
in the short term with btc looking shaky, especially with futures markets less than hours away etc may drop more, but overall, with a bit of patience, ETC will climb and continue climbing.
Going...
Chart data shows Ethereum Classic is likely to continue its very big decline against Bitcoin (BTC) in the short term, aiming for the trend line on the chart. This will reflect heavily in the ETCUSD pair, especially if we see BTC continue its correction against the USD. I will revisit this pair once we break the heavy resistance line or reach the bottom trend line....
