ETC/USD Secondary trend. Downtrend channel. Pivot zones.

4 ene 2023

Logarithm. Time frame 3 days. Secondary trend. Downtrend channel. Pivot points.


Linear chart to illustrate the trend.




This is what the main trend of this cryptocurrency looks like now. Time frame is 1 week.

ETC/USD Main trend. Channel.

Linear chart for clarity and understanding of local cycles.



Local work

4 ene 2023

Nota

Time frame 1 day.

7 mar 2023

Nota

1 jul 2023

Nota

The price again approached the resistance 22.026 of the horizontal accumulation channel of 260 days (8.6 months). There may be an exit from the accumulation zone. It is important for the price to consolidate above this resistance (general situation in the market). Then it will be like on the BCH. If there is no consolidation, then consolidation along the uptrend (green), then similarly exit upwards (possibly after the stop loss withdrawal, but it is not necessary).

10 dic 2023

Nota

price is still in the range of 14,723 - 22,026 (shown in advance before the #accumulation range is formed) of the accumulation channel of 422 days with a step of 60% at its resistance.

There is a lot of volume drawn in the exchange stack spread, which is shown in the price chart (Poloniex low liquidity exchange). It is very likely that when the major moves on ETH start, everything will be displayed several times stronger on this coin due to lower #liquidity, which is logical.



Do I have to update ideas after publishing? Not necessarily, I'm not a marketer, I'm a trader and the information is only for traders, and a bit more who are paying attention. Although lately I've been chewing things up too much, I need to stop doing that. It is impossible to satisfy the desire of the majority, and it is not necessary. That is not the goal.

If you have an approach as a trader, then you do not need updates, as everything is shown in advance and even painted, if with "you are not a trader very much"...

Need to realize that this is a waste of my time. It is the most valuable thing I have. I am wasting my time unlike many of you. Physically I can't update all cryptocurrency charts (it's not necessary, because all logic is shown in advance if you have an approach as a trader, not a "hamster"), much less consider on demand, some new next of a thousand miracle wrappers. All because some anonymous "internet picture" wanted it. "Internet picture" wants to get, but not to give anything, including wasting his time and trivial efforts to make an attempt to get into the essence, when everything has already been chewed up to the level of a nursery group. I don't owe anyone anything, unlike those who are waiting for some inadequate freebies for the super lazy or super .... In some people the importance and what they are owed is just off the charts, anonymity reinforces this vice.

Finance, trading and everything that comes in contact with money is a zoom for strengthening both destructive and constructive qualities of a person.

Market volatility waves are actually a projection of destructive qualities of a person on the price chart, due to multiplication many times in comparison with real life: greed, laziness, stupidity, low intelligence, excessive risk-taking, inattentiveness....

Trading, oddly enough, through relatively hard lessons for the individual, such as losing money, can be a key stimulus for "healing the personality and curbing the EGO". If this happens, the background, as a matter of course money will appear "out of nowhere". Money shortages and hunger strikes will end.

I want to know exactly, but this desire does not allow me to open my eyes, the essence and simplicity slips away.....

8 feb

Operación cerrada: objetivo alcanzado

Breakthrough of the accumulation channel resistance and achievement of the second local target of percentages on the breakout +46.44% to the level of 32.168. Local pullback. Zone -22-26 $. It is important that the price is held by the market maker above the resistance (mirror level, yellow color) of the accumulation channel for more than 1.5 years 22$

Price above the resistance of the set. Price squeezed into a corner. Local reversal zone:
1) Impulse-exit and continuation of local bowl formation.
2) Re-test- rollback to mirror level, confirmation and further price growth.

8 feb

Operación activa

This cryptocurrency is very interesting for medium-term (ETH pumping) and long-term (cycles). Naturally, such assets (ETC, less liquidity, higher %) cannot show their potential (ETH pumping and holding above 10k for a long time) in the accumulation zone or at the beginning of exit from it (participation phase), but in the distribution zone (cycle highs). Let me remind you that in the last cycle pamp about +3000%). In this instrument something similar will happen again, but of course not now and not in the near future, which is logical. Local targets and logic on the chart.

7 abr

Operación cerrada: objetivo alcanzado

About +85% to the level of 39.202, and from there a decrease, similarly exactly to the level of 26.7. A reversal from him.

🕯A triangle is forming in a local growing recruitment trend. From this zone there is about 40-50% left to the resistance zone of the rounded bottom (the final phase of #accumulation).

Then everything will be as always in stocks or liquid cryptocurrencies. A breakthrough of resistance may not be immediate, but that is not the point. After the breakthrough - consolidation, then re-test and scares. Confirmation and the beginning of strong, conditionally irrevocable impulse movements into the zone of “news prospects of this blockchain”.

Just then ETH will be higher or around $10,000. This will be its first consolidation - a partial reset, before being pulled into the final price reset zone (#distribution). I think the numbers and approximate time are known to many traders, but naturally not to hamsters. In this consolidation, not before maximum prices, the progenitor of expensive ether, that is, ETC, will surprise everyone, as before with an aggressive #news background. All speculative games, as in the last cycle during pumping, will be “slightly undulating.”


For well, not traders in the square. So, which of the hamsters has iron eggs, throw it at a couple of hundred and forget about 9 m, 13 m and 19 m. Sell in 3 parts (optional). But, if you don’t sell, you will get scared between these time zones of market pumping and sell everything during the “fear”. If there is a profit in advance, then this “warms the soul” and the feeling of lost profits will not play a cruel joke.

Leave a third of the invested money in dollars for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn the initial ones. If the dollars are not spent and the price flies away, do not buy candy wrappers, but buy a gift for your loved ones.

I am sure that many hamsters, when a trend allows absolutely everyone to earn money, came up with the idea that they are traders, and will decide to increase the number of coins until they are distributed in logical and simple waves in a growing trend (so far). I am 99.9% sure that they will lose all the coins before half the price, or completely lose everything on #futures (your psychology is known in advance) with inadequate risks. Or they will simply get scared when the “passengers” are dumped and sell it, but they won’t raise a hand to buy it back at an expensive price.

Adequately evaluate your skills and behavior. Therefore, for some conditionally poor, but for those who want to be inadequately rich, and very quickly, it is better not to trade, and not even be interested in the market, until the market is distributed. Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end passes, after constant removals, on the contrary, as not yet a maximum.


Locally. Let me remind you that from the main recruitment zone (horizontal channel), the average price is now exactly +84%. Compared to other assets, the time of turning point from the accumulation phase and the transition to the market participation phase is not so much. That is, a conditionally lagging asset.

7 abr

Operación activa

Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting.