Target hit might see a pullback now

I’m not exactly sure that’s why I give the time till December 11th or sooner

ETCG hit & bounced off support on this daily chart with potential (but still unconfirmed) positive divergence so could run from here although I suspect another leg down to come in the cryptos.

I’m pretty sure that an ETF or ETN that directly tracks lumber prices does not exist but if anyone knows of one LMK. WOOD & CUT are ETFs that hold timber & forestry companies. They are the closest thing but only track lumber indirectly & can lag lumber prices at times.

Yeah, part of that recording was skipped, pause button was accidentally hit. Here’s the 120-m chart of /BRR. While I was looking for a bounce IF the support that Bitcoin parked on at Friday’s close/low held, the fact that it didn’t hold & the divergences were taken out, makes me suspect this is only an oversold rally that will soon get sold into with another leg down likely. Potential bounce target is that 53592 support that was briefly overshot with /BRR parking there at the close on Friday. You can correlate these levels with the chart of GBTC & I’ll make a point to update it in the next video today.

but TA seems to point out divergences and a correction! Maybe, after a last burst upwards?

ETCG charts would be great to see too.