已更新

ETC VS ETH "In Depth Look At Market Accumulation"

Welcome Back!

Today I wanted to dive into the accumulation cycles of Ethereum compared to that of Ethereum Classic.
Even with news of coinbase listings, ETC seems long forgotten. But, is that really the case?
This chain of ideas should cover the past, present, and future of the battle between ETC and ETH.

Taking a look at the 2d chart, we have the first leg in a 1-3-5 Elliott Wave sequence.
Based off Elliott Wave Theory, the 1 leg is the first move that generates the future hype in the market cycle.
My most profitable trades have come from accumulating the 1 before we move into the 3 Wave of the Elliott Cycle.
Next on the cycle for ETC is the very expansive 3 wave. The 3 wave is the rally which generates the most hype and price discovery.

Below I have labeled my target for casting bids on the retrace. Majority of my bids will be placed near $8.
Next, we shall dive into the comparison of market cycles between ETH and ETC. Stay Tuned!

God Bless,

註釋

By analyzing the two projects, we come to find that the two share a very similar accumulation cycle. This often happens when projects share close ties to one another. ERC20 tokens are a prime example of this

註釋

This is an example of Ethereum before it went on its historic rise to $1450. This was Wave 1 in its Elliott Cycle. We all remember what came next...

註釋

Now, you may be wondering why I chose to compare the two cycles.
The reason being, I believe ETC has a strong case for a major rally in 2019.]
How high? Let's dive in an find out!

註釋

When Ethereum was added to the market we formed our first market cycle.
We had a high of $2.38 and a low of $0.40
After this we rallied to complete our 1 wave in the Eliott Wave Cycle.

註釋

Notice the similarites between the two market cycles.
Once added to exchanges, ETC hit a high of nearly $4 and a low of $0.08
Much more expansive than Ethereums cycle.
The only major difference being, ETC accumulates about 30% longer than Ethereum.

註釋

Ethereum's Wave 1 saw highs of $21 and lows of $5.70
Quite the explosion from previous highs of $2.38 wouldn't ya say?

註釋

Next comes the fun part!

註釋

Here we have ETC. Wave 1 saw highs of just under $50 and were currently finsishing the retrace before the eventual bottom I expect to put us around $8.
Trading is a game of probabilities, risk management, and pattern recognition. Based on these 3 concepts it becomes clear these two coins share a very similar story, which we can expect to continue.

註釋

If this patterns continues it's likely we will see a $1500 ETC. Im not in any way shape or form saying ETC will overtake ETH but I think ETC has a strong case for a massive bull run in 2019...

UnknownUnicorn846565