Decline of around 90%
Leg and foot pattern that stopped the fall
Large bump and run formation after the bottom
Golden cross of the daily Smmas
Could correct from here to around the 9-10$ level, but ofc it will mainly depends on the next Bitcoin moves
Institutionnal interest is well present in that space as this chart is showing
Really encouraging so far
We were wondering lately whether institutions are coming into the crypto market or not.
Well, we started off with Grayscale as it is one the biggest fund which offers crypto financial products.
Only on this asset ( Gray Scale Bitcoin Trust - OTC) they have nearly $900M under management.
In other words, if institutions want to buy BTC they don’t...
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 .
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...
RSI-Bullish div since Dec 18
Bullish divergence of Fundamentals/Price with IBM partnership, Grayscale etc
Expecting it to do what it's always done when reaching the bottom of this long-term channel...got back to the top at the very least.
Alt Coin Analysis - Points out of 10
Date : Since 2016 ( 6 / 10 )
Volume 24 H : 30000 BTC ( 8 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **16 ( 9 / 10 )
Website ( 7 / 10 )
Type Blockchain with SmartContracts
Overall ( 8 /10 )
One of the most stable coins since this bear market- Holding satoshi value.
One of the 6 coins on...
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...