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troberts
Feb 5, 2021 2:28 PM

Barry's Turn Long

Grayscale Ethereum Classic Trust (ETC)OTC

Description

With crypto pumping as a whole and the ETHE & GBTC funds seeing some activity, I think it's time for Barry coin to get some attention. Buy this up at $8 and let it ride to around $40. Good luck.

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It's happening.gif

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half way to target... Had to take a bit of profit here. Unrealized gains are nuts

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Should probably update this idea.... ended up selling the local top at $21-$22 back on February 19. Ended up rebuying my position on Feb 23rd at 12.50 area and held held & held. Realized some profit yesterday from $52-$56. Realized more profit today at $66-$70. Thank you Barry for blessing me with mad gainz.

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and sold more at 84 & 94. I have 1/3 of my position left, will continue to scale out as the pump continues.
Comments
pechi123
Today saw a 4th gap up in this third of a third wave, could be an exhaustion gap (Breakaway, Acceleration, Continuation, Exhaustion), coming under 82.02 probably will be first indication a 4th wave down is in play. Otherwise, it could be another continuation gap.
Sirsiu
Did you analyze this based off of the double bottoms?
troberts
@Sirsiu, various things contributed to this. Yes it looked like it completely bottomed technically, there looked like there was some huge accumulation going on October through February. It was only a matter of time until it cracked north. All altcoin pairs are going through a massive markup cycle and ETCG is available in everyone's retirement accounts (along with the other grayscale products) so I knew all of this stuff would follow. In addition to that, the ETCUSD pair on Coinbase started to see some abnormal activity. And last but not least, there was not a premium at all on this product at all back then.
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