[ETC] Ethereum Classic Speculation

[Azael]

Thread for discussion of Ethereum Classic trading and price speculation.

[Azael]

Doesn't look like it'll stay below 0.002 for long. Sell side on Poloniex could fall under 1M this week.

[gijoes]

A long slide from 0.0025 btc looked like a decent accumulation, with sell side finally becoming really exhausted by now. Then, a DDoS/hardfork panic this week dropped the price below one bucks (0.0015 btc) and shook out all the remaining weak hands.

With stronger hands aboard, ETC dev team firmly in control of their code and major projects ready to launch on Classic chain (ETCWin, Fundonomy), we are looking for a restart of a major price uptrend.

[Azael]

A long slide from 0.0025 btc looked like a decent accumulation, with sell side finally becoming really exhausted by now. Then, a DDoS/hardfork panic this week dropped the price below one bucks (0.0015 btc) and shook out all the remaining weak hands.

With stronger hands aboard, ETC dev team firmly in control of their code and major projects ready to launch on Classic chain (ETCWin, Fundonomy), we are looking for a restart of a major price uptrend.

I thought the 0.002 levels would hold during and after the WHG release of funds as it looked quite strong but I was proven wrong. The issue ever since around 0.0025 has been demand. The buy side were stronger by magnitudes at least before the 0.0015 levels and looking at market depth were like looking at Himalaya in comparison to Denmark.

This is quite important to your analysis as well https://twitter.com/BankToTheFuture/status/787153696182312961

[Shiroslullaby]

I bought a few coins randomly before I went to dinner today,
come back and see 17% increase in price.  

I feel like both ETC/ ETH could go to the moon, or crash and burn over the next few weeks.
Maybe someone more familiar with the changes in the upcoming fork can make a prediction...

[gijoes]

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

[d-trix]

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

[gijoes]

Whaleclub: ETC going into major uptrend.

https://twitter.com/whaleclubco/status/787926276329791488

[sandiman]

Whaleclub: ETC going into major uptrend.

https://twitter.com/whaleclubco/status/787926276329791488

Damn what the hell is this peace of nonsense ? Want some TA, ETC broke a long standing descending triangle last week, and just pull backed to it yesterday as it happens 90% of the case. now, again if it doesn't break above the resistance, it's going more south.

you'll lose everything in a week here if you don't go deeper into stuff. thanks for giving other your money anyway.

[tokeweed]

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

A sudden increase in volume coupled with a fall in price is a bad sign.  It means that people want to get out and are dumping ETC in the market.  The direct effect of this is on the miners.  It will certainly reduce their earn.

[Azael]

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

A sudden increase in volume coupled with a fall in price is a bad sign.  It means that people want to get out and are dumping ETC in the market.  The direct effect of this is on the miners.  It will certainly reduce their earn.

Might as well be that day traders went in and out.. short term fluctuations is the combination of many different interests so it is hard to decipher what they mean IMO. Still up roughly 5% since yesterday though.

[sandiman]

ETC trading volume continues to climb, outpacing ETH volume on Polo:

https://twitter.com/bit_novosti/status/787840744216076289

It looks like ETC suddenly gaining an upper hand over ETH in terms of volume. It would be interesting to find out if ETH can retain top position after upcoming hard fork.

A sudden increase in volume coupled with a fall in price is a bad sign.  It means that people want to get out and are dumping ETC in the market.  The direct effect of this is on the miners.  It will certainly reduce their earn.

Might as well be that day traders went in and out.. short term fluctuations is the combination of many different interests so it is hard to decipher what they mean IMO. Still up roughly 5% since yesterday though.

perfect bounce against resistance, meanwhile, keep bagholding.

[Azael]

perfect bounce against resistance,

Why is it an indicator to sell when you see one? IMO it's one of many signs of the beginning of a bull market sort of like a tactical door breach where everyone is waiting for it to break to run inside.

[sandiman]

perfect bounce against resistance,

Why is it an indicator to sell when you see one? IMO it's one of many signs of the beginning of a bull market sort of like a tactical door breach where everyone is waiting for it to break to run inside.

To put it simply, that price zone was a major support during months, thus the market participants will mostly buy at that price. Since it has been broken downward, all people that bought at that price are now willing to sell when they can break even.

Now, ETC needs much more "fuel" to break that resistance. smart money, market participants are call it what ever you want, need to accumulate at lower points for that resistance to break.

[Azael]

I bought a few coins randomly before I went to dinner today,
come back and see 17% increase in price.  

I feel like both ETC/ ETH could go to the moon, or crash and burn over the next few weeks.
Maybe someone more familiar with the changes in the upcoming fork can make a prediction...

Congratulations! I always keep low ball bids out in different markets which has produced surprises like that.

I don't think the HF will be of any significant impact on price either direction.

[Red-Apple]

Whaleclub: ETC going into major uptrend.

https://twitter.com/whaleclubco/status/787926276329791488

Damn what the hell is this peace of nonsense ? Want some TA, ETC broke a long standing descending triangle last week, and just pull backed to it yesterday as it happens 90% of the case. now, again if it doesn't break above the resistance, it's going more south.

you'll lose everything in a week here if you don't go deeper into stuff. thanks for giving other your money anyway.

i don't think ETC will change direction anytime soon. the only thing that we can hope for is these small jump backs that is also known as dead cat jumps.

but i think it is still possible in the future that there will be some rises (pumps) with this coin, it is not yet fully dead. needs some hype.

[sandiman]

Whaleclub: ETC going into major uptrend.

https://twitter.com/whaleclubco/status/787926276329791488

Damn what the hell is this peace of nonsense ? Want some TA, ETC broke a long standing descending triangle last week, and just pull backed to it yesterday as it happens 90% of the case. now, again if it doesn't break above the resistance, it's going more south.

you'll lose everything in a week here if you don't go deeper into stuff. thanks for giving other your money anyway.

i don't think ETC will change direction anytime soon. the only thing that we can hope for is these small jump backs that is also known as dead cat jumps.

but i think it is still possible in the future that there will be some rises (pumps) with this coin, it is not yet fully dead. needs some hype.

Totally agree with you on that, just that this TA is actually not TA, just non sense  winner in this game are the one that are patient (except when bag holding  )

[malekbaba]

I think some news should be in the market. Too much silence in etc. I was a eth fan boy, as a trader i made some deals in etc too. So far i am happy with eth, not with etc

[Raja_MBZ]

I think some news should be in the market. Too much silence in etc. I was a eth fan boy, as a trader i made some deals in etc too. So far i am happy with eth, not with etc

Just wait and see till ETC reaches it's full potential... It's going to break out the records very soon.

I'm really liking the low-to-no activity of ETC and predicting a very good future of it, along with ETH.

[ayesha sadiqa]

I think some news should be in the market. Too much silence in etc. I was a eth fan boy, as a trader i made some deals in etc too. So far i am happy with eth, not with etc

yes i think you have take a good decision and it can give you really a good profit, you just need to be patient and hold your stock and hope that this time Ethereum price is really going to increase to a new level.