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ETC Trading - Time to invest in Ethereum Classic Cryptocurrency? AUG 29/18

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  • ETC Trading - Time to invest in Ethereum Classic Cryptocurrency? AUG 29/18



    ETC Trading and Ethereum Classic Cryptocurrency Investing

    August 29 2018


    Trading ETC, ETC charts,


    ETC explained

    ETC price chart

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    Where to buy ETC

    Trade ETC on Binance - Bitfinex

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    in this video we'll review the price
    charts of ethereum classic to see if it
    might be in a position for turning
    around and taking off as it has in the
    past

    when we look back to 2017
    we can see that March and April like
    many of the altcoins ethereum classic
    made a huge run-up to some fantastic
    gains and again like most all of the
    cryptos we saw a long down trend
    throughout 2017 until November and
    December

    however unlike most of the
    other outlines there wasn't a really
    huge gain up until January of 2018 in
    this market

    since that time we've been
    pretty much flat all the way along here
    but prices didn't follow what the other
    cryptos did in this long down trend
    throughout 2018

    let's zoom in to the
    3-month view so that we're looking at
    the 12-hour bars we can see that this
    moving average crossed over crossed over
    again over again over again so it's been
    a pretty volatile market and hard to
    trade in long term trend because it
    hasn't been trending very well

    however to zoom in even more here and we'll
    take a look at the one-month bars

    like
    most of the cryptos we see a low here on
    the 13th and 14th of august a little
    surge up and then prices have come back
    down and they're retesting these lows
    but they haven't broken lower yet.

    it does give us a triangle formation here
    it does give us a potential 1 2 3 bottom
    formation at the same time that Bitcoin
    has made a bottom and is showing
    strength.

    this isn't giving me the
    turnaround feeling that I'm getting from
    many of the other cryptos but it is one
    to watch because it is making that
    trading pattern right now so it would
    have to show quite a bit of strength out
    of this market - out of this level
    before I'm really confident in it

    I would be sitting back in the three month
    bars and waiting for this moving average
    to cross over yet again and then of
    course because it's so volatile I'd be
    very close with my stop losses
    anticipating another fake-out breakout
    from this market
    so we'll see how this turns out over
    time
    trading ethereum classic
    Trade on Binance - Check out this Crypto Tax Tool

  • #2
    Live price charts for Ethereum Classic ETC - default view set to 1 day bars
    Trade on Binance - Check out this Crypto Tax Tool

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