BingX’s Bitcoin Chart Bitcoin is up 1.91% over the last 24 hours and rose to an intraday high of $16,294.00. The largest cryptocurrency rebounded above the $16,000 price level today, but there is no clear signal that the price has reached the bottom. The liquidity issue of Digital Currency Group and Genesis Trading remains unresolved, investors need to...
I am providing four support areas for Grayscale Bitcoin Trust (GBTC) in the event that BTC starts to drop significantly. S4 meets the long term bottom trendline, which has the strongest support. I added in VPVR to show volume clusters. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin,...
Taking a look at grayscales GBTC in comparison by last drop of the cycle bottom on november 8th , 2018 to november 8th 2022 point. CCI and Macd similarities. Could show close bottom confirmation.
When it touched this trendline it rose by 400% the first time and 1000% the next. It also rose VERY fast. Pivitol point which could mark the bottom in BTC. Send it.
Friendly reminder that the trend is down long term...Here's how the monthly chart looks in $BTCUSD as of right now. Unless this month's range is wiped out, you can expect continued downside for months to come with substantial certainty. Don't fight the trend, remember what Old Turkey would say: well, it's a bear market after all. So much filth is gradually being...
ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look...
should have a chance for a couple good months eventually. Maybe late 2022 or early in 2023. The NAV is currently above $8 but the trust spot is at 50% discount when trading under $4
OK so yesterday was not my best day. There are still some signs of a reversal possible but unless spy gets over 390 in the next day or two, all rallies will be suspect. USOIL looks like a correction is over and we should go higher, Wheat correction is normal for the first leg up, it could test 8.14-8.00. Gold spiked through support but it doesn't mean anything...
Cryptocurrency bubble? When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality. It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow. The question...
I mean, if you want to make money, you just don't buy crypto. At least not right now. You can say whatever you like, but price never lies and this ratio is screaming the truth. OTC:GBTC / SP:SPX is clearly in a downtrend. At least it needs to breakout from that downward resistance line to even consider go looking for cryptos to buy. Sure, INDEX:BTCUSD ...
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As I told you in previous Bitcoin analisis, I saw a double top pattern and I told you the price will rest between 19K-20K, and we predicted well. Now, another consolidation, another continuous pattern has been created, moreover the news on FED demonstrates the strength of Dollar and weakening of the other currencies.. So it can decrease till 16k first and then...
Grayscale vs SEC is coming up next month That will be a catalyst to break the coin out of this capitulation range
the odds aren't good for this one but who knows anything is possible in crypto and uncertain macro conditions
Think this area may prove the godlvl btc opportunity of a generation tbh. I doubt spot btc holds below 20k for more than wicks at this point, then a move to 50k would see this stock pushing aths. Entirely possible as an echo bubble situation if btc stabilises above 20k here. Price acceptance above 20k should see gbtc push up towards 20$ also 3AC liquidation event...
Greyscale btc trust trading at 14k btc here Went as low as 11k crazy stuff This might be the god tier btc buy opp promised by the bear market, or it might be a sign of things to come, 13,14k is as low as i think it might go, just whether it goes there for spot purchases or just in these wierd trusts thar get devalued abit heavily
Ya I don't think so, this probably marks another major bottom for crypto.
CME futures have been significantly more reliable for trend reversal signals because they give multiplier impact to weekend/ off-hours moves. this allows for more clean MA reversals Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution....