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Grayscale

[BullShow] Still Bearish but turnaround to BullShow soon!Over the past 10 years, the price of Bitcoin and cryptocurrency has been dominated by miners. However, since the coronavirus, as the money supply of each government increases and the value of the money decreases accordingly, institutional investors are increasingly intervening in the price of Bitcoin. In particular, it is no exaggeration to say that the rise of Bitcoin in recent years was led by institutional investors. Accordingly, in the past, the indicator of HashRate or Profitability of Mining was an important index for cryptocurrency investment, but now is the time to examine the investment movement of institutions. This idea is an idea to follow the movement of institutional investors. I created an index based on the correlation and disparity between the price of institutional investors and the price of Bitcoin. Accuracy increases after CoronaVirus, when institutional investors start buying in earnest. Due to the recent big rise, the premium between the Grayscale and Bitcoin prices has increased, and if the price difference between the premium decreases again soon, it can be expected that another bullish market will begin. Bless you and thanks all! Indicator Information * Initial indicator sets under 5 to buy, over 85 sell * The accuracy and reliability of indicators rise sharply from 2020, From the point when institutional market intervention increases rapidly * Other altcoins buy and sell at the same time frame as Bitcoin. Back Testing Back testing start from 2020. 01 . 01 Initial_capital: $1,000 percent_of_equity: 100% Commission: 0.2% Current Capital: $5,616.90 Total Profit: 561.69 %
COINBASE:BTCUSDShort
by BullShow
4
ETHE Long (Catch up to ETH/USD)ETHE is the grayscale stock trust for ethereum. ETHE has been frozen since Friday afternoon when the stock market last closed. At that time, ETH was trading at around $510. Currently, ETH is pushing over $590. Simple logic tells us that when the stock market opens Monday morning (in about 5 hours) ETHE will likely catapult upward to compensate for the movement of ETH/USD over the weekend. TLDR: Expect a 10%+ Jump in ETHE Stock value right as the market opens on Monday, as the trust fund shares catch up to underlying asset appreciate over the weekend.
COINBASE:ETHUSDLong
by zbtmv
Pumped for the big Bitcoin Pump - BTC Adoption and thoughtsBitcoin is 11 years old and is already changing the world of finance. I see Bitcoin reaching it's previous All Time High by March/April of 2021. If it happens sooner or later, that's fine. I'm confident this is only the beginning for Bitcoin. In July 2020, we finally broke out of that nasty bear trend going back to the high from December 2017. We retested that trend in August again (which is a healthy move), but have since moved and stayed above it. That was painful and took soooo long! Let's please just skip that dreadful time of life next time around. Bullish feels so good! Go ahead and take a moment to appreciate those who have been able to hold on for these last few years of the journey. There's a chance we stay in a long term equilibrium pattern on the monthly, but we are close to breaking a big resistance of $13,868 and if we do, then the all time high of $19,891 is in sights. After that, it's time to buckle up. With all the positive news and infrastructure growth in this space, things are looking bright. Yes, I expect some big drops along the way, in particular after we break the all time high, but long term, things are looking positive. Adoption!!! We will continue to see companies and other institutions pouring money into Bitcoin. In the grand scheme of things, it is a gradual inflow right now, but this trend will continue to gain momentum. There is quite a bit of recent news on this matter: - Grayscale is currently purchasing 77% worth of all the newly mined Bitcoin supply, an amount that has increased every quarter this year. I can't wait for a few more halvings. Remind me again what happens to Bitcoin price when the supply gets cut in half, and then half again, and literally 1 company is buying more than is being create. The word UP is coming to my mind for some reason. - Companies like MicroStrategy ($425 Million) and Square ($50 Million) are choosing to hold Bitcoin as an asset over holding cash. Every few days now we are hearing about more companies choosing this path. - Paypal is bringing Bitcoin exposure to it's 350 Million customers world wide to be able to Buy/Sell/Hold and make purchases with Bitcoin. Regardless how many new customers this may bring in (hopefully the fees will be lowered once there is more competition) the effect of incorporating bitcoin into PayPal's wallet is pretty major. - Central Banks are taking a serious look into Central Bank Digital Currencies. 1 out of 5 central banks have said they plan to incorporate digital currencies within 1-3 years. I don't imagine the United States has a lot of incentive to move forward quickly with this, given the Dollar being the dominant world currency, but it's going to happen eventually. - Banks have been given permission by the Office of the Comptroller of the Currency to begin holding digital currencies. I imagine this is to allow for the digital dollar once this becomes the norm, but it also allows them to hold Bitcoin. Do you remember when banks like JPMorgan called Bitcoin a fraud just 3 years ago but now are predicting a $30,000 price for Bitcoin. Hey, even banks know that their direct competition is going to make them money. Speaking of money, who wants some Stimulus Money!?! I believe the answer to that should be anyone who wants to see another surge in the Bitcoin price. How many of you in the Crypto space added to your portfolio after receiving your stimulus check, or maybe even as soon as you heard that you were going to receive the stimulus check in the coming weeks. How much more did you make by choosing to invest some portion of it in Bitcoin versus holding it in those 0.01% super charged savings accounts we're all so excited about ;) Well, most believe a second stimulus check is likely to happen again at some point. Get ready for it! Supply and Demand, and also Inflation: My cash seems to be confused. It is going in the wrong direction! Remember the good old days. The average house used to cost $3,200. A loaf of bread cost 7 cents. Movie tickets were 10-15 cents. Clearly I wasn't alive back then, but I've heard that's how things used to be. Inflation is nasty and it's not stopping. I mean, it's cool and all that money can be magically printed out of thin air, but except for the stimulus checks, that's not going to help any of us. Printer goes brrrrr! Bitcoin has a cap of 21 Million coins. It's a simple statement, but the implications of this are why I chose Bitcoin. Every time someone buys bitcoin and chooses to hold it, guess what... sorry Charlie, it's no longer available for you to buy. You have to find some other foolish person who is willing to sell you their Bitcoin. I understand people trade the trends, and I'm all for that, this is TradingView after-all, but long term I want to be holding my Bitcoin, not getting rid of it. The inflation rate of Bitcoin is now approximately down to 1.8% and will become significantly better with each halving. Fun Fact. There are approximately 46.8 million millionaires. Only half of them would ever be able to own a single Bitcoin. Also, several million bitcoin are supposedly lost forever, and some individuals and companies are already holding multiple percentages of the bitcoin supply. I will again reemphasize there will only ever be 21 million bitcoin. Thanks for checking out some of my thoughts. I'm super excited about Bitcoin and hope there will be many more to join this community soon.
COINBASE:BTCUSDLong
by zwickster
Bitcoin has hit our targetBitcoin has achieved the 10643 level we were talking about, so whats next? News -None TA -Macd is bullish, but a roll over looks like its under way if bitcoin can't make high highs. -RSI is overbought indicating its going to correct. As you see we are in an uptrend so a healthy pullback is natural. -Pull back range is from 10488.12-10533.73 with ema pullback to the 10450ish Final thoughts A 20x short is recommended or if you remain in your long a tight sp at 10595ish. Again we have to wait for more price action to determine the outcome, but it looks like theres strong support at the 10250ish level if a full dump is underway. CME gap still not filled, but I don't believe we will go under 10k
COINBASE:BTCUSDLong
by nathanielx9
2