The OTC:GBTC -to- BITSTAMP:BTCUSD discount has probably passed its peak, and the market is seeing the progress in court and the clock ticking towards a court decision as a good thing. I'm bullish on OTC:GBTC for the win, with a swift close of the gap once the court's decision issues. "Win" can have many flavors, however, so the gap may not close completely....
Gaps are like magnets for price. GBTC has been working its way to fill the Gap. It is only matter of when this will happen. The market leaves clues? Of course, with all things in the Market, News can change everything.
The inverse head & shoulders looks appealing. That gap is going to fill.
I'm just aiming for a strong rally in this one. I don't have many reasons to explain myself, but the truth is that there are plenty... global crisis, its CEO resigned, multiple bank failures, an increasingly negative open interest in multiple currencies... etc. Don't forget to pay attention to what this graph is inverted. greetings people
What is going on here? GBTC is the GreyScale Bifcoin trust. It exploded up for almost 10% while bitcoin goes sideways to slightly down. What does this mean? It could mean the correction is either over or Almost over. Why and how can this happen? For me this shows that GBTC without a doubt is not bitcoiin and it trades outside the bitcoin market. Let...
Still as expected. NASDAQ:MSTR is a bit of a leveraged play... $BITO (so far) is still working out as the most pure spot play... and $GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement? In my opinion, BITO is...
Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet...
Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free. Bitcoin having nice ride up. I will not sell as long as this cyan support zone created by cluster of uptrendlines holds. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is...
Please 1st of all smash the boost 🚀 button to support my work if you like it! It's absolutely for free. I would expect ₿itcoin to move between the lines inside the rising wedge at least for a while. The wedge upper edge should act as dynamic resistance, while the lower edge should act as dynamic support. Let see how it goes... 🍿 Check my other stuff in...
It seems that bitcoin has found bottom again as expected as long as this candle closes with a BULLISH ENGULFING. Grayscale seems to show exact bitcoin price action movements with no market noise in comparison to unregulated bitcoin charts(Check weekly and monthly). Bullish for now =]
Today you can review the technical analysis idea on a 1M linear scale chart for Grayscale Bitcoin Trust (GBTC). GBTC has been falling significantly and it does not look good for the firm. Though they hold a significant amount of BTC, the discount is close to 50% and climbing resulting in the value of the Bitcoin held under $10,000 in the trust. This is a mega...
(1) 🔬 Dividing the GBTC price by the BTCUSD price, we have this chart in a downtrend. This indicates that GBTC has underperformed Bitcoin. 🟢 The price spent most of the time in the green rectangle, threatening to break out several times. In March 2021, GBTC broke out of this rectangle. 🟣 Projecting this rectangle downwards, in a new purple rectangle, we have a...
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...