ETCUSD | Wave analysis of the ticker

#ETCUSD. Four pairs of series of potential waves 1-2 – it’s time to enter.

#ETCUSD. Updated the calculation, switched to a local alternative.

A month ago, we were waiting for the development of the wave “iv” to take a position (https://t.me/eightyninewaves/3058). And now there is a good chance that this wave “iv” of (i) or “ii” of (iii) is over. On Friday, I resumed shopping of the coin on the spot wallet.

The probability of pumping cryptos, especially old altcoins, is not zero, but not very high, while American indices are falling. Therefore, the idea is only suitable for non-margin positional trading at the moment, with leverage, in my opinion, it is better to refrain from crypto trading for the time being.

#ETCUSD. Probably, the triangle “iv” has ended, I just bought a little more.

#ETCUSD. The last time I updated the classic was when “iii” ended and the channel was predicted to shift by the wave “iv”. It happened, a triangle was formed, the price went up – according to the plan.

For two months I gave you an entry point into the long at 16.5 (https://t.me/eightyninewaves/3011), but now the coin costs more than 2 times more. There is a doubling of the position, congratulations!

I specifically update assets on certain dates of each month so that it is impossible to distort the chronology: on June 24 we buy, on July 24 we partially fix, on August 24 we sum up the first results and look for new entry points into the long.

The wave “iv” will end soon, when the blue channel is shifted sideways or down, there I will increase the position, enter with margin. With a stop at the end of “i”. The stop will be far, but the setup with a high probability of working out and stretching the wave “v” of (i).

A year ago, we started waiting for the end of the wave [ii] on ethereum classic (https://t.me/eightyninewaves/2477). It may have happened now. A few days ago I took a position with a p/l of about 20 using the ending diagonal trading strategy. The volume is about 2% of the funds.

Ending diagonals are trend’s reversal patterns. And statically, the trend continues more often than it changes. This means that the entrance is not a sure one – an attempt to catch a knife.

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#89waves

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#ETC #ETCUSD TF: 4H

Now SPX500 is at a divarication and wherever it turns from it, the rest of the market will move there, including the crypto market.

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#89waves

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#ETC #ETCUSD TF: 4H

From the point of view of the movement’s structure, nothing has changed in a month (https://t.me/eightyninewaves/2363). The movement is still going up in zigzags, from which trends rarely start. In general, it is better to mark the leading diagonals of zigzags only on history.

Therefore, I will try to assume a flat or a moderate decline in ETC with the growth in BTC, ETH, BNB… :o)

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#89waves

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#ETC #ETCUSD TF: 4H

As you can clearly see here, the growth is in zigzags and this never once contributes to the build of an upward forecast for the market. I switched to a descending scenario (https://t.me/eightyninewaves/2337). Now the wave (x) is forming along it, possibly in the form of a triangle.

This count is consistent with my basic bitcoin’s count. Global growth will resume no earlier than the end of this year, according to the scenario. Now, if you want to trade anything, then local trading stories only.

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#89waves

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#ETC #ETCUSD TF: 4H

You know that I use the coin to assess the situation on the market, I do not trade it (https://t.me/eightyninewaves/2278). Now the situation on it is not particularly definite, but you can still say something: for example, that ETC is falling from historical tops in a zigzag.

This means that the market is in correction and not in an impulsive movement to zero. It remains only to determine the scale of this correction.

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#ETC #ETCUSD TF: 4H

This and the situation on the market in general and bitcoin in particular tells us rather that the market has not shown its highs yet, that there will still be significant tops and historical highs.

But I would not long ETC anyway – there are more interesting stories. This is more of a market indicator than a trading instrument.

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#ETC #ETCUSD TF: 2H

I have not watched the old altcoins for a long time (https://t.me/eightyninewaves/2036). Now is the time to remember about them, since we can use them to roughly estimate the phase of the market. And as long as the orange level is intact, I am still bullish about cryptos. I think that the current correction is local and the altseason will continue.

I am not planning to buy ETC, but I can put a trigger in order to escape from the sinking ship in time.

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#89waves

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#ETC #ETCUSD TF: 1D

I’m not going to trade or hold (look update from December, 24 in my telegram channel). I label it only because the schedule of free updates requires it. Which I myself once established long ago. If I buy it, it will be when the price comes up to a couple of bucks, not earlier.

The green level will confirm further downward trend on the coin. This is extremely likely due to the structure, which here is a zigzag on all timeframes.

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#ETC #ETCUSD TF: 1D

Timeframe: 1D

The previously designated downtrend has recently begun its development (look update from November, 24 in my telegram channel). Nothing new and interesting in terms of old altos – there is nothing for you to catch in them, and even more so to me.

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Timeframe: 1D

Classic is not a ripple, which means it doesn’t need for you (look update from October, 24 in my telegram channel).

It will not grow, I think. I don’t even think to trade, therefore.

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Timeframe: 4H

Without a single change and strictly according to the plan (look update from September, 24 in my telegram channel). I continue to believe that the potentially upcoming Altseason 2.0 will not in any way affect the old altcoins, which include the ethereum classic.

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#89waves

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Timeframe: 4H

The cryptos (especially altcoins) follow the main bearish markup (look update from August, 24 in my telegram channel). Updates for specific assets are released here strictly once a month, so I won’t be able to deceive you even if I wanted to – I can’t edit old posts here and telegram puts the edited mark, which you won’t find in my channel on analytical posts.

That’s how everything is transparent and honest here. And the classic… Yes, do not care for it. The uptrend will not be confirmed before $9. So, we will buy by buy-stop order there or at 2-3 dollars by a limit order.

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#89waves

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Timeframe: 4H

As predicted earlier (look update from July, 24 in my telegram channel) the local uptrend has taken place. But with the global there are still questions. Theoretically, it is possible as an exit from the triangle [4]. But practically – it’s the question. Who needs to pump this? :o)

As for trading, there is a gray channel on the chart. And its breakdown in each direction, in theory, can confirm the further trend. Therefore, you can use stop orders for trading. Personally, I just keep small longs at breakeven for now, I don’t plan to add them..

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Timeframe: 3H

No changes since last update (look update from June, 24 in my telegram channel). We continue to walk sideways in three-waves structure. Probably, such dynamics will continue in the coming month. As a last resort, everything will just fall.

There are no special prerequisites that it plans to grow, accordingly, there is nothing to trade. I just moved to breakeven the stops on longs from last month. I do not plan to add.

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#89waves

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