We talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle. Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow down that looks like a wave (4) correction. A correction actually...
Probably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down. This is the weekly chart where we can see that GBTC is now above its previous...
Hi guys, I was looking on GBTC chart and I saw this pattern that seems too similar to first cycle for Grayscale. Rsi moved quite similar, if we see the same scenario Btc could drop 40-50% just 1 week later the Halving, but who knows. Is this relevant for who has bought the low? Obviously not, so for me it's not important but understanding the psychology behind...
Its look like we are going to new bear market In btc Am not sure of this But this analysis shows gbtc already topped By fake breakout of triple top And 3 tops on volume bars Also every time on tops volume on gbtc going to much high So were we are going? We will get correction In volume or in prices and volumes Gbtc volume down but prices going up = bullish...
Shorting until around $44. If we hold there it may be a good spot for a buy. This is congruent with BTC chart, which is calling for a further dip into the 50s and possibly 40s.
HELLO TRADERS GBTC is now getting investors getting attention from around the world and now it's really early times like Crypto was in 2010 ... this can be an easy target for generating worth by grayscale with hold more and more BTC in this year bitcoin price is boosting again above 44k $ it's just a trade idea make a proper analysis be for any trading share Ur...
There was the time, when one investor decided to invest in a single stock. That investor was one of the victims of The Great Depression. And they learned an important lesson, to split up their investment in multiple stocks to reduce risk. And so, Modern Monetary Theory (MMT) was born. MMT is an algorithm one can apply to reduce risk and improve profits. Mutual...
This INDEX:BTCUSD Bitcoin ETF is over-speculated at this time and heading toward resistance at the M top highs of 2021. Interesting that smaller funds have been dumping recently. Best to wait for a correction if this is something you are interested in for long term.
All yellow shows gaps in funding. Where is the liquidity at? Will this trigger future moves?
The price has started its descent off a Gravestone Doji. Selling pressure expected to last into the spring. This is either a good place to look for short entries, or a good chart to watch to buy into GBTC at a discount. RSI suggests GBTC has just began its descent. The ideal place the PA looks to land after the dust settles is around the .618 fib retracement...
From November 2022 through January 2024 GBTC grew by 483%. This bullish wave developed in a perfect 5-up wave pattern, a bullish impulse. A Zig-zag correction (ABC) is likely to follow next. There is a small hidden bearish divergence with the RSI, a signal to which we won't pay much attention to. GBTC (Grayscale Bitcoin Trust) grew to hit the same level at which...
- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is...