Grayscale Ethereum Classic Trust (ETC)
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Grayscale Eth Classic, 48 next up, 39 pullback possibleIf you have a small position in this fund, you have already seen some decent gains. This is an area to test and confirm as support though we are coming up to September and need to be ready for a pullback. I have a very small position here, so have my stop loss inching up and will take the profit and miss out on a quick recovery (though usually Eth Classic and Bitcoin Cash do not recover quickly in my experience).
Optional Soap box :-) that kept me from earning big gains last year: People are s
ETCG about to run higher with ETHEETCG about to run higher with ETHE
this old trick still works.
Folks get Ethereum and Ethereum classic confused and this spills over into the Grayscale Ethereum trust market as well as you can see.
This seem inversely corelated to SQQQ so looks like we are going to take a rest if not a dip.
I will capture my gains and circle back in 10 days.
Grayscale ETH Classic near term price targetFor those who got in below 10$ congrats!
The long term trend line (log scale) shows that should the ETH bullish momentum holds up the near term price target should be around 28.5$ - 30$ (overshooting).
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Grayscale ETCThese are my thoughts on BTC . They are meant to give you an idea, not trading advice.
Some time ago I posted the ETHE chart, and it exploded. I'm kinda starting to think ETC could be next. It's been sitting quiet for a very long time. People lose their interest, and then suddenly it takes off without a warning.
Those who follow this chart can see the warning. It want's too pump.
My guess is this will keep moving between the MA's and use them to climb up to eventually get above the white MA
ETCG braking out ?ETCG braking out ?
After a long pitiod of pain Eth classic might be turning around.
I like the new CEO, she seems smart.
I don't think I have called a break out so far in advance before - too bad I did not make the trade my chart told me to make. But it still feels good to be right regardless of gains.
ETCG will move higher soon not sure when but soon50 day 100 day and 200 day
For the first time
all three moving averages have converged.
For the first time - something is going to happen!
With the entire Crypto market cap climbing
over the last few months I think we go up from here
Look at the RSI it should be lower but sometimes we have such strength the price just moves higher.
ETCG vs ETC, divergent performance, volatility, gainsDuring the last bull run in May and June last year, ETCG, the OTC fund, performed around 4.8 X the high price of the cryptocurrency ETC, Ethereum Classic, which it tracks. This was bewilderingly high performance.
ETCG went on to abruptly lose almost all of this value before Ethereum Classic even truly began its deflation from its high. ETCG is very volatile.
A couple of things to note from this chart:
1. ETC is now leading ETCG in growth - this will probably reverse in the coming weeks/month
ETCG ReboundEthereum Classic and its Wall Street cousin ETCG led BTC by a few weeks in the bull market and also corrected a couple weeks sooner. Seeing a higher low on the 5 RSI and dissipating downward momentum on the MACD with the averages looking like they’re about to cross leads me to believe ETC/ETCG will come out of the correction/consolidation ahead of BTC.
Nothing but good news about this project and I don’t think Grayscale is in the business of creating exchange traded products for just anything.
Dorsey On Ether (15% Rise In 1 Day)Dorsey on Ether: 7/8/2019
This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!!
From Woody Dorsey: I have been watching the Cryptos all along. They are wonderful new market phenomena. Forget about the Big picture. Sure I can opine on that























