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ETC-USD the only altcoin worth at playing during this crisis

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with coinbase's preparation for adding ETC, we can clearly see that ETC has become the most profitable altcoins for trading during this crisis time

As you can see on the chart, ETC-BTC is following a bullish ABCDE pattern and be ready for breaking up
on the other hand, ETC-USD was following a bearish ABCDE pattern and broke down yesterday's night during btc 's dump. However, it has found the support and now is in penant pattern (or symmetric whatever :))

if you look at ETC-USD 's sequential weekly candle , we are at 7 now . Basing on ETC's historical sequential data, we should be sure that we are pretty much at or very near bottom now

Today CME's future will end. Lot of other alts are in good bullish set up including BTC

So clearly, I think ETC-BTC will be ready to break out and make new high again and ETC-USD will definitely go up too

P.S: this is not financial advise.

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3 bullish pattern for ETC-BTC. 1. ABCDE bull pattern . 2. cup and handle . 3 ascending triangle . :). Pattern within pattern within pattern = super bullish

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for elliot wave, we currently start the BIG wave 3 which is usually the most profitable wave

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btc has made the FIRST time in a while to have 2 big candles in a row. Alts also start rising a lot. This should be an awesome week. Congratulation to whoever listen to FUD on news or others to sell low and wait for 5.2k. You have sold the bottom
BANZAI

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the weekly candle on etc-usd has turned into green one.

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we have a pause now because:
1. btc has hit its long-term massy downtrend resistance which currently matches at 6500.
2. etc-btc break up the previous top and now pulled back to it
3. etc-usd has just broken out of the long term downtrend line and now it is pulled back to it to test the line

It has been a long time btc has such a good movement. Let's hope this is just the beginning. If it is, we will have a good bull run on July. So far, everything seems to be set up for the BULL run

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both ETC-BTC and ETH-BTC are a SHAME for this bull run. They both went up very small percentage compared to other alts and now make almost 100% retracement. This says that ETC is completed depended on btc's movement now not like last previous pump which it is the only solo player

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if btc can break 6500$, we should have a nice bull run for ETC. If not, this coin might drop down more again to follow btc

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the coin is following btc's movement now.

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nothing much to give up. ETH-BTC is hovering around the apex zone of triangle for breaking up or down. ETH-USD is hovering around the long-term downtrend line. Both's movement are following btc now (not solo like last week). Right now btc is in bull flag . However this time the bull flag of btc is somewhat different from the previous weeks. The inside of it doesn't contain lot of doji candles (in decisive state), but contain lot of healthy full body red and green candles. Btc is also facing a big long-term resistance now. My head is saying this time it looks different but we can't ignore the possibility of going down for btc.

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typo: give up* = give update* :)

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if btc decides to go up, i think it will pause at around 6.8k. During that time, ETC-usd should pause around 17.9$ (previous top). That's for bull scene. If btc decides to go down to test 5.2k, well ETC-usd will be in the 12$ zone. This time the bull of btc looks stronger than previous ones so we can hope for a green market :)

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go go , you can do it this time

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by looking at how strong alts move right now and on monthly chart of some alts they have started showing monthly green candle. I know it is just early signal . However I think that we are likely to go up than go down now. Alts are back :)

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it is ok to have bearish view during this period. However if you only trade by opinion not by looking at chart , you actually let your emotion trade for you. Lot of alts are in super bullish setup including ETC now. Some people say ElliotWave still has one more leg down. They are right but also wrong . Why ? there are MULTIPLE ways to count Elliot wave. What they do right now is to let their emotion control the primary count which is bear count.

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these two looks so similar

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this long consolidation is kind of worrying. Within 24hr, if we don't go up, chance for dropping will become pretty high

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I admit that ETC right now is not the best altcoin to play during alt's bull.

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July should be a green month. It is time to search for alts which can pump a lot. ETC is a slow turtle but safe bet

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btc will have a pause in the range 6.8k-6.9k before whether to decide to go up higher or not. That will be the time for alts to retrace for a chance of reloading

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Basing on observation, I think some alts have started rallying too EARLY(1 to 3 weeks) before btc decides to pump . Those are dgb , etc,... . That's why during this btc's pump they don't go up as high as other alts. However, when second phase starts, they should usually be one of the first to rally . Right now we are still in phase 1 . If you miss phase 1, wait for retracing and load to wait for phase 2

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possible scene for BTC: rise to 6800-6900. Then retrace to around 6400. Then go up. If that happens, it will pain a beautiful Invert head and shoulder . Time for hunting alts

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some traders still think the current rally is just a big bulltrap and we can't break 6.8k -6.9k resistance. Let's me tell you what i think . I think this month will be a bullish month (at least 2-3 weeks depending on how fast btc will rise). Why ?
1 . weekly TD candle is at number 8
2. consecutive red monthly candles in previous month so it is normal for this july to be a green candle
3. the strongest reason is the one on the chart. If you look at carefully, during bear time, btc will always stay below the purple line , after breaking the purple line it will signal a strong bull .

4. unusual recover from alts . If it is a bulltrap, alts normally won't pump big like this
In conclusion, we are not out of bear market yet but we should have at least 2-3 weeks in bull . After that we will start worrying again :). Our job right now is to buy during retracing and finding profitable alts to play. This ETC is honestly a shitcoin to me now. It moves so damn slow :))

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better chart for reason 3

Trade fechado manualmente

ETC has been acting so weak during these past few days. It won't go up while ALL other alts are going up. Right now BTC is in retracement for a possible retesting of 6300-6400 range. If btc can't hold, we all know that the rally is over. If btc can hold, alts' rally will continue. Alts have been rising a lot for few days so it is expected for them to retrace. Unfortunately, ETC doesn't rise but it also retraces like a shitcoin. This should give us some pause for thinking . Why won't ETC rise ? is the top already reached ? right now there is a risk to hold so I decide to get out and observe btc's situation first. If 6300-6400 holds, time to get back into alts again. In addition,ETC-btc has broken down its long-term trendline too

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my biggest regret for not trusting into ETC enough T__T.

JackieHuynh

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