ETCETH implies that ETC will outperform ETH to the tune of 200%, give or take. By this week's close, we will trigger a 14 week rally, the daily chart is already in a strong uptrend here, just taking off. I added to my ETC position, now holding a half position, and waiting to add some more on dips, after making some more progress. I think this is an interesting trade right now, with ETCEUR's upside potential, and also as a hedge to our ETH exposure.
Strong climb today, we hit our initial target in ETCETH, after breaking the resistance up We aim for 0.19662699
Komen
⋅
HODL!
Komen
⋅
Continues to act quite strong.
Komen
⋅
Wise to close half, or all of it here. *I closed half.
Dagangan ditutup secara manual
⋅
I'm out...to free up more margin.
Komen
⋅
I also got a free ETH stake...
Dagangan aktif
⋅
Good reentry zone, last: 0.081
Dagangan ditutup: hentian tercapai
⋅
I think having equal weight in ETC and ETH makes more sense now...the ratio failed to rally drastically here, but, I like the potential ETC offers as a hedge for ETH.
I personally think that adding a stop loss in this choppy situation is not the best approach.
Although ETC could be a good hedge, it is not very useful if your SL keeps getting wiped out.
IvanLabrie
⋅
@KesterWong, it doesn't 'keep' getting hit...it just failed to rally with the EEA news coming out, which were completely unexpected. Now it doesn't look like in the short term ETC can outperform at all. Maybe after both trigger a weekly rally signal.