Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (GBTC 1W chart) If the price holds above the 24.0 point, it is expected to create a new wave. The 30.22-33.34 section is an important support section and you need to make sure it can be...
Hello friends, today you can review the technical analysis on the 1W chart for Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). 1) Both GBTC and ETHE are heavily invested into the crypto markets through Grayscale. 2) With the crypto market correction, prices of both GBTC and ETHE may fall as well. 3) Both charts show the Fibonacci Retracement...
After the latest moves there is a strategically interesting structure setting up for the year end flows. Here I am tracking a pullback towards $52,000 support for an opportunity to load for the next exchange. In desperation, late buyers succumbed to the fomo which was buying the highs while sharp hands are taking profits (very similar to our latest ETH...
$60 immediately, etf news soon expect gbtc to close the gap with BTC
see chart. TL;DW 400k ATH based on current estimates. Biden win is bullish af for btc.
The position arising here is another freeing move. After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions; The analysis of the starting...
We see some interesting bards last days, also BTC is doing a doble top on fib. 1 Has the force to break up and give us some easy earnings? My only concern is the volumen, i dont see enought volume to break it, but in that case, the closer support is $46900 Related analysis: 2- Tasa BTD.D nice insights 3- Grayscake btc holdings (GBTCD) seems to be restoring the...
That enough of Accumulation. Let's run back to 1$ and Above
Here we are tracking the ending of a 'C' leg in the 4th wave retrace (invalidation for sellers comes into play with 50,130 because it will mean the move is impulsive rather than corrective). Expecting sellers to step in here with risk storming the base for August, the next leg down would mean the lows are no longer protected via the meme prince. Elon now uncovered...
Grayscale play is on. And it's about an institutional thing. gBTC is not the same as BTC. Institutionals are playing this bc 6 months ago they had a positive premium so algo had to cause this selloff we see today bc they bought gBTC shares and short btc futures with a +20% arbitrage. Just so you know this is too much. Now we have the opposite: a negative premium,...
GUESS WHAT WILL PRINT AS A MONTHLY CANDLE ON GBTC!! THAT'S RIGHT, A BEAUTIFUL BULLISH ENGULFING CANDLE RIGHT ON THE 61.8% FIB RETRACEMENT........ TARGETS ARE $90, $120 WITH A PEAK @ $150 POSSIBLY THIS YEAR!
I think GBTC is living the last part of a big corrective four-wave (in the form of an expanded flat, 3-3-5). If GBTC trades below the 20.36 USD, the labeling is invalidated, entering into a bear market if GBTC trades with confidence above the 47 USD, it confirms the fifth and final wave before the "crypto winter."
Traders have been all over the map with predictions related to the recent sell-off in Bitcoin & Crytpo markets. It reminds me to recognize the significance of the market... and just how new and fragile it still is. You simply should not be trading in cryptos if you are unable to withstand the risks involved in such a highly speculative & volatile market....
to keep the trend from being bearish, bitcoin must maintain the price in the blue area of the channel in order to create a new Higher High. however, GBTC sentiment remains fearful at the moment so prices tend to remain bearish in the short term. The RSI indicator hasn't changed its direction yet, so the bullish divergence still looks weak considering the price has...
I Have marked the Date of GBTC unlock on this chart, Question now is What effect will it have on BTC pricing. If we look back on the Gold ETF's Realeased Previously; The had a bullish effect on the price of gold, Do you think the same Will Happen W/BTC or will BTC fall in the short term because of diversion of Funds. Please Leave a quick Comment W/ your thoughts -...
These are the SEC filings from BlockFi regarding actions with Grayscale Bitcoin Trust. What's your take on how this led to selling pressure for the market? Remember, selling GBTC on the equity market does not mean selling BTC in the spot market. AND BlockFi needs to have BTC for its customers. Let's see what the community comes up with! For some reference:...
short term short, Break out after the GBTC unlocking fud.
Buy it up and enjoy the ride soon, you're also going to want Bitcoin miner stocks like Riot, Can, SOS, EBON and MARA, they all look close to bottoming.