IvanLabrie
Short

GBTC: ETF has high volume and a bearish setup

OTC:GBTC   BITCOIN INVESTMENT TRUST
This might be a clue, regarding the future direction of Bitcoin             .
I'd look into buying once the decline is done, naturally, but for the time being you can look into shorting BTC             pairs at market, perhaps diversifying your BTC             risk by purchasing Ethereum             with it (risk 1-3 average daily ranges in it, or BTS             for instance). If buying BTC             for the long term you can always reduce exposure on rallies and buy back more on dips as well. A balanced crypto portfolio with a few alts, monitoring % advance and decline of each component against usd or cny             would be a good idea. You can rebalance the weights of each asset following systematic rules, and never fully sell your positions. Tim West has posts covering this if you browse through his publications, check it out.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ

We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: BTCCNY moved down to catch up to this one. I really think this is a good indicator, to show us smart money sentiment. Who is trading this ETF? It has been leading BTC fiat pairs reliably, and with a more readable chart too.
Comment: This leading indicator didn't disappoint, look at the drop in BTC pairs...
Comment: Perfect...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out