This idea is not meant to be primarily technical, but a more fundamental analysis to elaborate why the ongoing attempt to use Ethereum Classic (ETC) as a tool to execute a "speculative attack" on Ethereum (ETH) cannot possibly succeed ever!
To keep things simple, the underlying market mechanism of a "speculative attack" can be described as following. In a market...
As most Regulars in CryptoCurrencies room are aware i been Supporting the ETC chain long before it was listed on any Exchanges constantly on the chat since the fork.
We are now ready to move up again, there was great distribution the first move up but more importantly support has established at 240000-250000 level.
I have had orders at 235000-240000 filled,...
On the 1H there was alot of volume on a candle the closed lower than open. However the candle also had a local high. This could be a coinsidence. But i think it marks the beginning of the bear market, where the channel i drew, could touch the bottom, and then break down.
The implementation of Ethereum Classic trading on Poloniex is most def one of the most shameful frauds in crypto world I have ever witnessed. STAY AWAY! From both, exchange and scamcoin.
Complete Rektage 100% guaranteed!
Noob trader here. Publishing this to help me track my progress in the ways of TA and to get feedback from more experienced traders. Anyone who wants to share some insight is most welcome to do so.
ETC=ETHERUEM1.0
ETC=The real Ethereum.
ETH=Scam
Busoni + Freinds are the only reason I couldn't post this idea 48 hours ago :(
I must research more about why they are deleting humans.
