The extraordinary drop from $6000 to $4000 I called perfectly saying it should happen in 5 days or less, which it did. Now the momentum is primed and ready for an upside pop and spike.
As shown in the chart, the premium paid for GBTC over BTCUSD is consolidating around 14%. Entry points are to be found optimally when the GBTC premium is below 14%. Of course one must first take into consideration the price and technical indicators of Bitcoin itself. The premium may also be construed as a Fear and Greed Indicator measuring optimism and pessimism...
Just ran a 3 Hr Model on my momentum trend model and provided a masterpiece (eue, tu.ub) , i am 99% convinced that Bitcoin/GBT will bottom very end of February 2019. brschultz aka markettimer777 All trading view info is shared on twitter & StockTwits per the options available when sharing.
Dropped GBTC data into my 60 minute model to determine optimal buy point ( eue.tu,ub). My model essentially trends momentum to hopefully determine optimal buy point (like my current optimal buy date of Jan 24 2019 for IMGN). brschultz aka markettimer777
I'm looking for GBTC to hit $1.50 after the $3.80 level breaks.
GBTC - Bitcoin for your IRA (Basically) Green targets are representative of bitcoin $4400, $4800 and $5100 figures for this rally. Current price has passed 1.618 advancement. Next targets are $5.51 (bitcoin $4400) (+10% from current) $6.18 (bitcon $4800) (+25%) $6.85 (bitcoin $5100) (40%) Then expect one last bitcoin correction down to $2800-3100 ($3-4 GBTC...
break of this and 2500 area next. $GBTC $RIOT $BTC.X $TSM
In a previous idea I mentioned that if Bitcoin found heavy resistance at $4200 that would be Fibonacci retracement level 0.236 if the bottom were in at $3475. Instead resistance was found at $4330 or level 0.382 if the bottom were to be found ultimately at $2950. BTC will find very strong horizontal support at this level most likely. Something else that would...
- in a range here. long/short, whichever way it goes outside the range. $GBTC $TSM $RIOT
This chart is the premium between GBTC (BITCOIN INVESTMENT TRUST) and BTCUSD on coinbase As you can see, the premium is at historical low and keeps falling which means that the retail is steadily desinvesting from Bitcoin; however, the price on the exchanges remain above 6k. hence only one possibility, market makers (brokers and other large holders) are...
bitcoin macro descending triangle coming to an end. I think reversal is coming very soon. Hopefully if lucky around 10-10
Great set up on this blockchain stock. A green close on the weekly here could show signs of trend reversal. $HIVE.ca $GBTC
bitcoin setting up here with a bounce off strong support. watch for continuation. blockchain stocks taking off today as well.
July Looks good. Nice summertime relief rally!
Area plot: Bitcoin, Candles: GBTC The GBTC is (was?) the only place where Bitcoin could be traded in the stock market. It works by holding several 100k BTC in trust and issuing shares on those holdings. It's been a round since 2016, so is a well established trust in the space (info, a bit out of date: investorplace.com) and is a pretty good "quasi-independent"...