An Inverse Head and shoulders on the hourly for GDLC. Could break to the upside if it clears $35.50 with strength, from there next target is $42.50 and potential start for new bull move even higher.
GDLC has had a +300% run. Makes sense to see profit taking before Labor Day weekend while BTC is at the verge of a decision: retreat at 51 or advance? Since Market cannot get out until Tuesday, many seem to be rewarding themselves and lowering risk exposure. If Crypto market ignites next week, this could be a great addition for another massive run. 50% retracement...
GDLC is a fund made up of four crypto assets noted in this chart. The fund has completed a near 20% pullback from its recent high. The fund has been trading along an upward channel and potentially could again bounce to the top of the channel along with the underlying crypto assets. This may offer an potential method of playing the volatility of the underlying...
I've already got longs on $GBTC and $ETHE. My current strategy is to buy when tickers flash a buy signal on the TD Sequential. I opened a max position (no more than two percent capital loss) on this last week and we saw a 25% gain the next day!
Now, the premium on this is HUUUGE, way more than other Grayscale assets, so I'm just trading on the technical here....
I really think this large cap index has the potential to be massive in the future, if crypto takes off like I think it will normal investors should pile on. This thing got to $37 and that was only August, load up if you believe in crypto bull mode.
I was BUYing here at 0.618
I started buying at $19
and increment down by $1 til $15
Now I will have to follow that down to the .786 in $1 Decrements
Looks like more pain to come for the market cap of crypto
We might have to wait til after the election to watch this move.
I was BUYing here at 0.618
I started buying at $19
and increment down by $1 til $15
now I will have to follow that down to the .786 in $1 Decrements
this trade might have to wait until after the election
Grayscales 'index fund of crypto"
GDLC moving down to .618 target
this will fall down until :
1. The end the month
2. After Jackson Hole talk
3. maybe even labor day.
I am buying from$19 down to $10 if t gets that low - just not sure when this turn around exactly but it will not stay this low for long.
I am a painter and these are my pictures- not investing advice
GDLC falling buy at a the new lower price
We could get down to 17 but I doubt it - I put in an order for $17, $18, $19 just in case.
This is not advice this is my personal trade journal.
The INDEX fund of Crypto breaks through!
They gave us plenty of time to accumulate.
This is not a bet on one crypto or another this is a basket of the entire crypto Market Cap.
If you are reading this you might believe that the more money will flow into crypto in the future.
Dont worry about picking the winning coun - just bet on the whole sector and relax. Check...
