GBTC is the Bitcoin Investment Trust traded as an equity equivalent where 1 share should equal 1/10 of a bitcoin. The chart below shows a clear a,b,c,d,e consolidation as blue wave 2. MACD is oversold in this 4 hour time frame and a breakout out of this triangle is likely. The key question is as to whether this is the new run towards all time new highs. If so, the next impulse can take GBTC to exceed the 6k mark. But, let's bridle our enthusiasm, as this is the sub daily degree of trend.
Nice chart but your statement "should equal" is the operative term because it doesn't equal 1/10th at all. The "premium" on this product can run as high as 90% and takes a hit each and every time right now it's running at about a 55% premium.
Bullion_Money
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@london55555, I still follow Haejin, lee for the comical value.
mehdi_btc
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I did a bit of analysis, looking at the run up and run down full market cycle. Would we not have a bit of flat run for couple of weeks before we start the new cycle? How about April 11th peak (a bit sooner)?