blockchaindedi
Short

$ETC One of the Lowest Volatility in 2018 Agains BTC Market

BITTREX:ETCBTC   Ethereum Classic / Bitcoin
If you are an intra-day trader or shorter time frame than mid-term (around 1-3 months), ETC is not yours to trade. ETC proved itself as the lowest volatility in price against BTC . Which in average give return 25-40% between the top and bottom through 2018.

ETC is a fork of Ethereum which promising about more stability bla-bla in blockchain network. It's glory day was March 2017 and totally ended in November the same year.

Right now if you're looking to hedge your Bitcoin , ETC probably your second option except Bitcoin itself.

For short-term time frame, looking for RSI level to get downward and touching my surface of latest-support-level green box. I really can't count on MACD as it shows a really flat movement right now.

But my Ichimoku cloud indicator looks bearish AF .
Oct 22
Comment: Yup!

Touches support!

You're missing the fact that current RSI level for price action is bullish divergence with a strong support there.
+1 Reply
blockchaindedi fcgtrading
@fcgtrading, you know it's not a "strong support", yet. it's probably will be a continuation of the bearish trend and if you look at the direction of RSI right now it's going down, as a reflection that the price slowly going down. So, based on that i suspect that RSI level will be go downward under 40.
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blockchaindedi fcgtrading
@fcgtrading, now we learn who is reading the indicator right (:
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thanks for TA analysis, so, what's your estimated bottom for ETC in terms of USD? $6? @blockchaindedi
+1 Reply
blockchaindedi Victorwu88
@Victorwu88, glad to hear from you mate, you're welcome. against dollar, the estimation is about to consider BTC / USD price also. so i'm not predicting it's price against USD yet on ETC. I'm more about predicting it's price against BTC which you can see my presentation up there.
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Victorwu88 blockchaindedi
@blockchaindedi, thanks, so, still see short on ETC?
+1 Reply
blockchaindedi Victorwu88
@Victorwu88, still mate. haven't change my thought yet. Will change my view if we get to 0.00195 as you see I drew the blue line up there.
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