I am taking a new trade on #ETCBTC My setup as shown on the chart - ENTRY 1 : 7650 - 7700 | ENTRY 2 : 7400 - 7450 I'am targeting 8150 - 8440 - 8920 - 9500 - 10300 - 11400 with a STOP LOSS BELOW 6950
An idea regarding Fibonacci I believe the price within the arcs of the fibonacci circle move in waves With 1.618 being a bearish wave in this case, with a bullish transition to another ring. There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning. Explains on chart....
Example of wedge symmetry, rising wedge turned falling wedge on the ETCUSD pair. The falling wedge begins wide at the top and contracts as it proceeds, eventually tightening to a point where it 'explodes' which can be seen. The rising wedge is the same except beginning wide at the bottom and tightening as it proceeds upwards, eventually leading to bearish...
You can find a lot of technical analysis posts here but I'd like to take a shot at some important aspects of fundamental analysis for Ethereum Classic. Here goes: Most of you who know me, I'm a strong believer in ETC Dev, IOHK and Charles Hoskinson which makes me a believer in Ethereum Classic. There's more to it than just that. I've followed ETC for a long time...
Dear Friends i will look forward to your comments.... like if you agree.... thnx...
Dear Friends I need a agree, only if u like it ..... May Allah reward you! Comments Are Appreciable Jazak Allah Khair Happy Trading
DASH, BCC, XMR & ETC trending in an inverse price correlation on BTC drop and accentuated correlation on rise. With Bitcoins dominance (% share of crypto currency market capitalization) decreasing incrementally this could present an opportunity to capitalize on certain digital assets. This model presents a test-bed for BTC capital outflow.