Good chance to buy this fund for $BTC exposure for those holding cash in equities accounts. I'd sell other stocks and buy into this one. A potential pair trade would be to short $JPM and long this and $MGTI for some nice returns in the next 3 months. Best of luck, Ivan Labrie.
GBTC is a great place to put a bit of your stock portfolio
GNT was trading in a bull pennant but was pushed down by the BTC dump. It has now formed a falling wedge and I expect it to break out in the next 24hr's. Previous targets are still good.
Wave 4 Wave 3 Explanation of extensions/target/invalidation level: -Wave 5 (blue) of wave 1 (red) 1:1 extension is a measurement of 0-3 added to 4 -All wave 3 extensions are from 0-1 added to 2 -Wave 5 (blue) of wave 3 (red) is a 0.618 extension of 2-3 added to 4 -Target ranges from 0.618 extensions of wave 2-3 added to the current low of wave 4 (red) which is...
Traders, welcome back to our new Video Analysis on bitcoin. The question is.. are lows in place, or are we going down for 8k? I think it can be too early to say that lows are in, simply because we do not have enough of upward impulsive structure and bullish momentum that are needed to confirm resumption of an uptrend. I will stick to 8k, or just simply wait on...
This is the first Elliot Wave I've ever drawn. Do not take this too seriously as I am not sure if I have them in the right place ...
Bear with me (no pun/pun intended), as I'm a fairly newbie chartist, but I've been pretty good with it and profitable lately, AND I've been trading Bitcoin since 2015 when it was $400 a share. From my standpoint, historically there is a support line at $12500-$12700 for Bitcoin. Since the peak at near $20K just before the second set of futures went live on 12/15,...
GBTC has had some strong increases in the past few weeks, I believe this may indicate a sharp correction in the very near term future. I drew in a rough idea of what the formation may appear to look like however it could be potentially better or worse, depending on the Bitcoin CME futures contracts news. Good lukc to all trading this and let me know what you think. Thanks
Sorry to offend the hardcore decentralized crypto-traders but, the capitalist pig in me wonders if GBTC is worth the added premium? One share of GBTC represents 0.09196847 BTC ($1005.21 at current spot price). Current Price of GBTC at this time is $1665. (a 65.67% premium to BTC). This chart showing the BTC return and GBTC returns from 08/20/2017. BTC is up...
BITCOIN CASH - STRONG BUY.RALLY MODE-ENGAGED. BITCOIN LEGACY IN CORRECTION MODE. Super basic chart.I do not give investment advice. This is merely what I expect to see. Act accordingly. Long story short - BUY BITCOIN CASH. Expect it to gain .55 to .85% of Bitcoin price this run. The great flippening is happening. Won't be all at once this weekend. Expect a...
Shares of MGTI have strongly corrilated with shares of GBTC and now the shares of MGTI are selling off into earnings while GBTC has rallied. A sharp pop in shares of MGTI is very possible due to the action of GBTC as off late. MGTI has also ramped up their bitcoin mining opperations buying 2000 more Antminer S9 miners. With these new miners alone MGTI will...
10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50 MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :) I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days. Once...
MGTI up 27% in the last 2 trading days. Expecting good news next week that will get us the rest of the way towards breaking out of the handle. No doubt, it's coming. The stars are aligned. Business makes sense, revenue is dramatically increasing and the charts have thrown us three big bullish indicators. Cup+Handle formation over 14 months Falling Wedge more...
GBTC could be getting ready to make another run to $1K. Falling wedge and current trend developed over last few days suggest we're heading for a breakout. The real hangup is the premium associated with GBTC. It traded as high as 130% when GBTC made a run to $1050 and collapsed as low as 20% a few days ago. Currently trading at 30-31% premium. GBTC and MGTI -...
This has not been a good week for MGTI. Throughout October MGTI has been getting beaten up by shorts but this week. Today was a doozy with MGTI dropping 13% on double average volume (2m vs 1m avg). Low of $1.63% bounced off (exactly) 38.2% FIB level from $4.26 High. Next support level is $1.30 if we fail to hold here. Despite nothing but positive news in...
GBTC - a bitcoin investment trust and MGTI a bitcoin mining and crypto security company have moved in a correlation to bitcoin throughout 2017 up until October 2nd where BTC has taken off into full fledged rally mode while leaving GBTC and MGTI behind. Looking at the edge formed in GBTC and MGTI strongly suggest we'll see a breakout in share price for both as...