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1 week ETC = Enormous Tremendous Catapult for COINBASE:ETCUSD by growerik

Ethereum Classic (ETC) = Enormous Tremendous Catapult. It seems like just yesterday when ETC was trading for less than $10 bucks. smh I traded it from 2019 till today for as low as $7.68. If I only held and bought and never sold. lol. Welp, anyways it’s been a fun past week being totally amazed at the price action. I can’t imagine ETC going much higher, but I have been proven wrong every single day the past week. So, when in doubt, I guess just HODL and buy the dips. The best explanation I can find about this is:

“Ethereum Classic will be the only top proof of work smart contracts blockchain aside from Ethereum , which will migrate to proof of stake, ETC is the only secure proof of work smart contracts blockchain at the base layer. There are no other top smart contracts platforms that use the proof of work based Nakamoto Consensus mechanism. This positions ETC in a unique and extremely valuable niche. ETC Labs, the core developer team in charge of Core Geth, the primary node software client of the network, successfully implemented the Modified Exponential Subjective Scoring (MESS) feature to practically eliminate reorganization attacks.

They also deployed the Thanos upgrade to the network, which adjusted the proof of work algorithm so that a larger base of miners may participate building blocks for the network. The ETC Cooperative; funded by Grayscale, the largest cryptocurrency asset manager in the world, and managers of the Ethereum Classic Trust; continues to promote ETC, producing important research on critical improvements, and maintaining the Hyperledger Besu client, which was successfully updated to operate with the Thanos upgrade.

Most remarkably, IOHK, the company who is co-founder and the main supporter of the Cardano blockchain, has recommitted significant resources to the Ethereum Classic project. In the last few months, the firm has updated their ETC Mantis node client to make it fully operational and comply with the latest ETC upgrades; under the motto “Helping to create a thriving ecosystem”, launched the brand new ETC Mantis Wallet; and has proposed a high security and simplicity focused roadmap for the Ethereum Classic ecosystem at large. ETC has a mechanical, algorithmic, and capped, thus sound and trust minimized monetary policy capped at 210M.”

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends…

*3x lucky 7s of trading*

7pt Trading compass:

Price action, entry/exit
Volume average/direction

Trend, patterns, momentum

Newsworthy current events

Revenue
Earnings
Balance sheet

7 Common mistakes:

+5% portfolio trades, capital risk management

Beware of analysts motives

Emotions & Opinions

FOMO : bad timing

Lack of planning & discipline

Forgetting restraint

Obdurate repetitive errors, no adaptation

7 Important tools:

Trading View app!, Brokerage UI

Accurate indicators & settings

Wide screen monitor/s

Trading log (pencil & graph paper)

Big organized desk

Reading books, playing chess

Sorted watch-list

Checkout my indicators:

Fibonacci VIP volume

Fibonacci MA7 – price

pi RSI – trend momentum
TTC – trend channel

AlertiT – notification
https://www.tradingview.com/u/growerik/#…

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