Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and...
Traders, As expected, Bitcoin has now arrived down at my $39,877 level. This is a target that I have set for the beginning of my DCA entries. I think we could come further down to my channel support areas and I will add more here if that occurs. But, if we break those supports, I will exit and look for lower entry points because, at that point, I would expect a...
The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement...
I did not personally expect this much Spot BTC being converted from GBTC to IBIT but the numbers are right there. IBIT's low fee's and Blackrock's brand name have just drained the GBTC supply. As of today IBIT's holdings is $1,060,712,715.95 GBTC holdings is $23,707,965,989.80 This will become a close battle within months and the low fee battle will always exist.
Bullish on two potential scenarios. I am not a financial advisor. This is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is...
LTCN is about ready to pop. The inverse head and shoulders measured move would bring it to around $10 then a small correction before a massive rally to $35 and beyond, all depending on what Litecoin does. I believe Litecoin will be thousands of dollars in the next bull run as its is one of the very few that are not securities and are commodities. If that...
Where is Barry Silbert? :) Anyway Grayscale #Bitcoin trust is a few months away from achieving equal valuation to it's holdings of #BTC What does it mean ? Mainly its a sentiment indicator this cycle, but it still holds a vast quantity of coins so we will see if all these #ETF's get approved. Big players can get exposure to discounted BTC still! ( plus the...
Bitcoin While Completing The Dancing Lady Pattern . Else IF 38000$ Breaks , There Will Be THE BULLS SUPPORT !!!
NASDAQ:MARA I like the stock and currently hold. I personally feel one more high to $28-$33 (Could extend past this). Then potentially fall to sub $3. The new lows present an opportunity for big money to buy miners whilst exceptionally low in value. The current fair value price for NASDAQ:MARA is $9.59. Anything below this is deep value in my opinion....
Fresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the...
In this idea, we will explore different ways to amplify gains in a Bitcoin Bul. We will look at potential advanced tactics to capture further returns. My assumption is that Bitcoin is already in a bull market; however, the concepts I will talk about here will be valuable regardless of when the bull market begins. Bitcoin will most likely outperform most crypto...
Before anyone reads this idea, I'd recommend reading my previous two ideas about Coinbase and Grayscale. Definitely worth the read to get a better grasp of the current situation. The main ideas I will analyze are that the SEC suing Coinbase and Binance are the final things that had to happen before a Bitcoin ETF would be approved and that the SEC could lose some...
📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin. 🟢These are the ETF's aggregated here: PROSHARES BITCOIN STRATEGY ETF GRAYSCALE BITCOIN TRUST (BTC) GRAYSCALE ETHEREUM TRUST (ETH) AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK) BITWISE 10 CRYPTO INDEX FUND (BITW) GLOBAL X BLOCKCHAIN ETF...
Third of Third moving in corrective ABC pattern which is pointing toward $43.
We appear to be experiencing the late-stage of Grayscale Solvency FUD, Anti-Barry Silbert FUD, and peak macro-doomer saturation If true then the trend could reverse and give opportunity for 100-400% upside. Take a Look at the performance of Grayscale ETCG from its 2018-2019 lows to highs that occured mid-cycle, pre-bull run (More than 500-600%...
Introduction: Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of...
GBTC is an exchange traded fund that tracks the movement of Bitcoin. It trades like a stock, so GBTC can be bought in any traditional brokerage account or IRA. You could also buy Bitcoin directly. Personally, I don’t trust a lot of the crypto brokers these days, so this feels like a safer option to me. But the results will be similar either way. Bitcoin has...