chillcrypto

Grayscale Eth Classic, 48 next up, 39 pullback possible

OTC:ETCG   Grayscale Ethereum Classic Trust (ETC)
If 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 snobby about their favorite crypto - and they downplay their least favorite. To me, profit is profit. I don't care. Ethereum Classic and Bitcoin Cash are two often maligned projects and maybe reasonably so, but they do offer some opportunity as they are usually 'subsequent movers' meaning when the market moves up, then they move up - so if you miss a short term push you can usually jump into these and make some money. The timing is a bit weird as they may just sit there for a moment or not.

All of this IMHO of course. Not financial advice. Just be ready to book your profits on a pullback.

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