etc often has easy ridable shorting waves. just ride {own terminology}
Just a quick one on 1H. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Hi Guys, Thank you for your interest in this idea. When we look at the weakly chart of ETC, we see a big H&S forming. What are you thinking about this H&S, or do you think ETC will go to the moon soon? Share your thoughts with us. Happy trading!
Based on bigger picture (bellow), I'll go with 5% risk with trade as charted - entry an long term resistance, stop loss bellow previous low, target 1 at 0.382 Fib retracement level and final target at 0.618 Fib retracement level of last drop. If things will be OK, I'll leave part of trade for longer run. Disclaimer: this idea is solely for my own purposes, to...
Do we get the breakout? Tight stop loss...
That's just my opinion but I think the bull cycle is going to happen !!!
We have many reasons to enter long trade at this level: 1. Previous lower area was (somehow) tested and rejected with low at 8.9. 2. Currently ETC is fighting around 61.8 Fib level, which acted as support two times in the past. 3. We can draw Gartley pattern, where level of point D corresponds to longer time resistance line. Trade setup: - entry 10.50 (or...
I think it's a very intresting divergence ! if you are ok or not say it :)
This is just an observation, not a real technical analysis. I found it interesting (or amusing, if you like :) that each time ETC reached the peak around 16 EUR, it retraced all way down to 0.786 Fib level after app. 1 month - notice bottoms at the end of June and at the beginning of August. Will it hit 13 in September? Hope not, but will be interesting to check...
Where done with our 5th bigger elliot wave structure and starting the C correction wave. If the price breaks out of the triangle and breaks the previous high where riding the rest of the elliot wave structure which also completes our C correction wave There are two target profit points which can be taken. Don't forget to put a stoploss:) Entry: 11.83 Stoploss:...
As already posted a year ago, most coins are very tightly coupled and spreading money across them, is just an illusion of risk management. I don't pretend to know much about trading nor analysis, but one could ask him/herself the following question: for such a diverse variety of coins which all try to solve some kind of problem in their own way (and each of them...
Almost completed C leg of BAT pattern. If the pattern continues, might see a nice leg up. In addition might bounce of S1 pivot with a double bottom.
If we look at long term, we can see a pattern here. ETC needs to break above 19 with nice daily close - not just break through and retrace bellow it. Also starting point from where it breaks is important - we are looking for starting point as close to 19 as possible. In the past it tried and failed twice (marked in red) - there was just break and then close...