We have a lovely chart here for Ethereum Classic vs Bitcoin (ETCBTC).
We've done multiple analysis on the ETCUSDT pair for you, we hope you are enjoying them but the bitcoin pair is actually our favorite...
We like bitcoin pairs because the more bitcoin one can accumulate the better.
ETC peaked in September 2022. A strong and long correction followed.
This correction hit a low 19-December, which is 104 days from peak to valley. We say that cryptocurrency trading pairs tend to correct between 2-3 months.
Here we have a perfect 3 months correction.
Support is found right at the 0.786 fib. retracement level relative to the bullish wave that started in mid-June.
Now we have a bullish candle as prices move above EMA10. This is how it all starts...
First a low/bottom, June 2022. The main wave starts and peaks September 2022.
Second comes the correction that ended last month with a higher low. And in January 2023 we resume the growth.
Additional details (targets and support) on the chart.
@AlanSantana, when I saw your idea i must admit, i was thinking: noooo have to keep that one quiet until the extra long-run bottom is confirmed. :D and after i buy it back :D
indianinchicago
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It will double for sure.
SwallowPremium
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Thank you for your insight very interesting. Do you only trade based on TA?