Update ETCG chart - RSI bottoming out- get in at 10 or 9 or 8 - The absolute bottom would be 7 or 6 but that would be only if Bitcoin had another major crash.
During 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...
Ethereum 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...
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...
Grayscale's ETC product (OTC: ETCG) has had rockets attached to it since it hit the market earlier this year. Not sure if it's crypto hopium bleeding over to Wall Street or demonstrative of demand for exposure to crypto without holding it, but it adds to the arsenal of money making plays with traditional trading platforms.
ETCG retraced about 50% from its recent...
ETCG is tanking with a large book of institutional shorts waiting to profit, even though the underlying asset ETH is fairly stable and moving upwards.
BEAWARE of Greyscale ETFs!
I just did a logarithmic version of the same chart for ETCG. This shows price movements better because it is relative price movements rather than distorted ones caused by increasing scale as the bull run goes on. Much better patterns for trading on.
Top and bottom trend lines on ETCG for guiding profit-taking and dip-buying. Also comparisons with ETC, BTC, and GBTC. ETCG is trading at almost 5 times value of underlying ETC! This indicates we could see big multiples ahead, even much more than in Ethereum Classic itself.
I'm new to this but just trying out some Fibonacci on ETCG. I think I'm seeing the possibility of a rebound from almost completing the low with wave 1 of this last cycle. Any feedback or criticism appreciated
When you look at the daily candles for the public Ethereum Classic fund, ETCG, it appears parabolic. But when overlaid on Ethereum Classic itself, we see that it has diverged sharply in this direction away from the cryptocurrency it tracks. My account has gone up 54% in a week, but is this going to continue or come down with a parabolic correction sooner than later?
