Looks like another volume support about to break down.
Trying to keep it simple. I don't like to chart BTC 0.08% usually. It has a mind of its own. GBTC -7.69% as well. Lets get into it. You can see on the DAILY, we have buy signals gathering, with the Itchimoku turning ever so slightly in the bullish direction. Don't expect much as we come close to the end of consolidation. Selling momentum is still bearish ,...
Very new to this but it seems like GBTC is at a critical point today. Multiple trend lines will be broken either way. Do these breaks signal a big break in the direction it breaks? Let me know and please critique. Trying to learn.
Still short BTCUSD. Another break here could see sub 5k next.
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inverse H&S set up here. big picture BTC bounced off the lower range of the large few month triangle. Watching for a break here up to the 8800-9000 range
The previous call played out well as bitcoin touched a few bucks above 7000. Look for a bounce up to the 8800 level or a drop towards 5800. Interesting timing of this triangle set up with FOMC on June 7
short BTCUSD short terms. update: bitcoin continues to trend downward in the recent short term. overall has been sideways past few months with shrinking volume.
GBTC (Bitcoin Stock on Nasdaq) most likely will drop down to $11.5 but if things turn around I think $12.96 could be a turning point. Lets see how things go, but if you find this chart helpful please support me: www.patreon.com discord.gg
You know I had to write about it at some point, Bitcoin's controversial exchange-traded fund, the GBTC. The technicals are favoring upward motion in the price. I'd recommend the coin over the ETF, but for those not familiar with the ins-and-outs of trading cryptocurrency on its exchanges, BTC's ETF might not be a bad way to gain exposure to crypto's premier...
Looks to be come of the upper trend line to begin a regression to the just under 7000. bearish for now
bitcoin did close above the 9800 area. although volume has not been convincing of late. currently sitting under resistance. look for a break out to 12000 or the slow death of bitcoin
broke out of the large triangle formation. now curling upward. a break over 9900 here could see a continuation of the bullish trend forming. Next resistance 11500-12000
Triangle coming to an end soon. Watching for a potential break up or down. will let volume confirm.
Opened a small long for $GBTC for the week. After so much red the past few sessions, I feel a green will appear... at least short term. The chart shows a bullish T-K cross, S/L and T/P 1 & 2 for the 1hr TF.
Expecting for price retrace to around $ 13.5 and the go LONG, wait for confirmation and price back to lower channel.