There are clear resistance support lines. This is a speculation move. (in chart) The one positive thing I can say is, OBV is confirming high volatility. RSI @56
When they say Head and Shoulders reversal "DO THE OPPOSITE"
Quit worrying about pennies. When you try to grab pennies off a track in front of a moving train you get run over....
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We bought AAPL on the Jan 3rd low using a mildly conservative vertical call spread strategy via the January 2021 $210 / $230 vertical call spread which was purchased @ $2.20. The max value of this spread = $20 which is a 809% gain so long as AAPL gets back @ or above $230 upon expiration. We don't necessarily intend on waiting for expiration however as we've been...
Based on the past we are just in the start of Bull run no crazy euphoric buys that will make it rise to 300+% cycles just yet... The odds are that we have one more push and then correction for the last low to buy GBTC... Between $6-$8... Just my opinion...
If the past 2 Bear Cycles shed any light on the current scenario this seems to be the track Bitcoin takes. The fundamentals only get stronger and more HODLers coming on board especially Institutional players. Yesterday was your best entry point, today is your second best and tomorrow is your third. Think long term with this asset if you want to change your...
According to this chart we are in the beginning of a long term impulsive bullish move. A move to $190 looks doable, crypto is a wild market indeed! FYI GBTC has been the best performer in my brokerage account the last couple of years.
Explanation is provided in text boxes on chart.
I love BTC but I have a ROTH IRA as well where my GBTC sits in a tax-free situation and last bull run it ended up pumping to 250% premium of BTC. If that's the case this go around GBTC pumps to $450ish a share next top. accumulating and HODLing #BTC & #GBTC
Maybe Bitcoin will break bullish in the next couple of days
Fib extension target is $6000 even. This high momentum pattern should be reached within a few days.
Fib extension target is $6000 even. This high momentum pattern should be reached within a few days.
Wave 3 within a bigger Wave 3 has completed right at the $5,315 target and we have potentially seen the low for Wave 4 also.
Assuming that BTCUSD continues to consolidate around $4800 GBTC should go above 5.70 and as high as 5.95. If the price were to rise during the session, even by $100, I would not be surprised to see the price hit as high as $6.00 .