ETH ETHE Grayscale Ethereum Trust Weekly Long idea with time for dollar cost averaging in to the buy zone on ETHE. looking at FIBO retrace levels to hold on ETH at 3k - would translate to support at $22 for ETHE and a possible long term positive buying opportunity. as always with caution and good luck! please like and comment
Stacks ($STX) is a layer 2 (or as described by Stacks as a Layer 1.5) smart contract protocol that lives on the Bitcoin blockchain. Via Stacks DeFI and other utility/protocols including City Coins (currently being minted by New York City and Miami and soon Austin and others), while other DeFi platforms built for Bitcoin live on other layer 1's (i.e. Badger on...
🐋🌊 Solana is a smart contract blockchain (FTX's byproduct,) made to compete with ETH. Grayscale is taking an interest in SOL and has launched a Grayscale Solana trust. This means that Solana is now one of the 16 investments Grayscale has their hands in. Expect to see new highs. 🆗 Bear targets listed as well. 🛑🛑🛑🛑🛑This is not financial advice🛑🛑🛑🛑🛑 I always...
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...
micro - inverted head and shoulders base macro - cup and handle neckline is 19-19.50 clean breakout into the 20s will trigger a rally
This is the most beautiful chart I've seen in a while. One trick to trading the Grayscale products is the move in these products always lags behind the spot market by a day to a few days. So once you start seeing an asset move, look to the charts in Grayscale to see if the move will follow. $ZEN has started to move already and this chart looks like the bull run...
Solana has just started to breakout on the lower timeframe. I expect it to continue because of the announcement of a SOL ETF Solona ETF announcement
its only possible if Bitcoin reverses out of a multi-year bear market. macro conditions also threaten to instantly invalidate this situation the big catalyst will be success of Halo Arc upgrade, and the mainstreaming of the value of Zero Knowledge recursive proofing as a mechanism to provide a scalable, privacy by default, work based crypto network
Background FA: BAT announced Fundamental Partnership with Solana and launched own DEX in Brave Browser (100m monthly users), making it a direct contender for Uniswap, $UNI (which has 3 million users and market cap 10x bigger than $BAT). Background TA: BATBTC Pair broke out of Long-Term Downtrend with highest ever volumes, sending the BATUSD pair into ATH and Price...
Get some popcorn and watch my subjective interpretation on why current price action is not looking good at all despite the ongoing mark up. Some talking points include: • Volumes • Monthly and Quarterly Charts • Orderbooks and order clusters • Grayscale Premiums • BAKKT and CME Futures basis premiums • Options Put/Call open interest distribution and...
Ethereum price forecast has target of $14,000 by 10th of January 2022 / December 2021. With the Bear Market starting in spring of 2022 after the blow off top in December of 2021/January 2022. Bear market should be ending in end of 2023 with a bear market low target in 2023 of $800 to $1,000 with total possible low of$500 to $800. I personally target $800 to...
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:...
Unfortunately, the Bitcoin Dominance reversing higher in my previous update means that investors are moving into safety... due to bearish conditions. Be mentally prepared if Bitcoin were to drop farther down to the $25,000 range. 😨 The Grayscale unlocking on July 17 has everyone spooked. Lots of Bitcoin will be released ($530M worth) to investors who are in...
#BTCUSD TA : you can see descending supports and resistances in daily chart, $BTC is near resistance and technically price should come down to touch the support. the yellow line is now supporting , a break down from this line can make the price head down toward $30k that is a Psychological support and then $26300 and $23500. The Grayscale Bitcoin Fund (GBTC) is...
Hello everyone turn on your alarms. confirmed breakout of 50 ma could be a good run. last week Grayscale added more Ada to its portfolio, so everything is ready. it is not a piece of financial advice always do your own research.
Bitcoin is gaining mass adoption. Besides El Salvador, other countries are sure to follow, moving further and further away from the inflationary USD dollar that is causing turbulent economic swings in many emerging markets. It is also important to pay attention to Bitcoin's little brother, Ethereum, which is about to release its London Update. If the London Update...
Quick update on the Grayscale ETHE chart looking at the daily time frame we can see that the price just broke out after the 3rd touch last week and looks like its headed towards the pre-split bottom at $28 - $31. I haven't done an update on this ETF since the split at the end of the year and after the price 2nd touched this downtrend. From here, we saw the bounce...
Short bias still present. Evaluating the Elliott sequence this morning. It's clear to see we are in a Monthly 3 move up. So Bullish bigger picture. However, we have now had a daily 5 push-up. (see previous posts). This 5 wave completes a weekly 3 drive. In the world of Wyckoff, the UTAD creation on a distribution schematic daily. All of this coupled with...