In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by...
Candles are LTCN - Grayscale LTC
Orange line is LTC. Notice the price divergence.
LTC at generational bottom. And will correct to reflect LTCN price action soon.
$400 will be new support.
Not financial advice.
Hello everyone. BCHG and LTCN are moving almost in sync. I believe both of these trusts have the potential to surpass their all time high. BCH and LTC are both considered non securities and are two of only 4 cryptos total that the USA is allowing USA institutional and accredited investors to be able to purchase and invest in. I believe because there are so few...
Where is Barry Silbert?
:)
Anyway Grayscale #Bitcoin trust
is a few months away from achieving equal valuation to it's holdings of #BTC
What does it mean ? Mainly its a sentiment indicator this cycle, but it still holds a vast quantity of coins so we will see if all these #ETF's get approved.
Big players can get exposure to discounted BTC still! ( plus the...
Hey traders,
Looking at the daily time frame of ETHE here, if Ethereum can continue its move upwards, we can expect to see a $ 12 price target for ETHE.
At the moment, ETHE by itself is -44% Discount to NAV which means you’re essentially buying Ethereum spot price around $1000.
The $ 8.78 support level has held and i’m expecting that to before this move up...
The past two weeks have been relatively calm as Bitcoin traded in the $16,000 to $17,500 range. It appeared that the contagion effects from the FTX collapse were slowly starting to fade, however in the past few days more information has surfaced surrounding Grayscale Bitcoin Trust (GBTC) and its potential insolvency.
On Wednesday GBTC closed down -7.42%, giving...
(1) 🔬 Dividing the GBTC price by the BTCUSD price, we have this chart in a downtrend.
This indicates that GBTC has underperformed Bitcoin.
🟢 The price spent most of the time in the green rectangle, threatening to break out several times.
In March 2021, GBTC broke out of this rectangle.
🟣 Projecting this rectangle downwards, in a new purple rectangle, we have a...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Grayscale Ethereum Trust (ETHE).
The chart is self-explanatory. Price has been moving in a Descending Parallel Channel. It broke down from a Multi-month support line now resistance and may go back up for a re-test. The RSI also looks like it may be going back down to...
