Crypto Trade Alert: I Just Bought Ethereum Classic

in ethereumclassic •  7 years ago 

Interesting, I have never traded Ethereum Classic, but today I found a good looking setup. Here is the 4 hour chart:

FireShot Capture 505 - ETCBTC_ 0.0040970 ▲+4.87% - Un_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: As you can see it looks pretty bullish and we have a MACD crossover, we are above the moving average. The only thing thats missing right now is that the moving average is not pointing upwards. However, I think it worth the risk in this specific setup.

If we were to have a close below 0,0039 BTC I would leave this trade.

If you wanna check out Ethereum Classic, head over here on Bittrex:

https://bittrex.com/Market/Index?MarketName=BTC-ETC

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I see you like it because of TA, but I'd advise extreme caution to others. The coin does not seem to have any utility, long term trend should be negative compared to BTC or ETH.

Yeah, Im not that excited about this crypto, but as you have already figured out, it is a short term trade, so no emotions or fundamentals involved from my perspective.

Thanks for this, I'm relatively new to cryptos and its really helpful to see other traders views on things

I agree benere, its great to see steemit users like ethereumclassic help us noobs out lol! Really started to enjoy this new part of my life

Cool, I usually show 1-3 setups per day. The good thing with cryptos are that there are so many of them. There is always a trade somewhere.

Good luck!

hi currently working on a website, click my profile and join up, much to learn :)

not a bad choice to go with right now

ETC is designed to die off, dont bother guys.