In my previous analysis on GBTC, I was explaining why am I bullish :
To be honest I totally forgot on this chart, I checked it today, checked waves that we got to the upside and I think, that I can say, that BTC is back in bull market, after big, ugly and deep ABC...
GBTC/0.00096926/BTCUSD is how you make a GBTC premium chart.
Notice the cycles and bottoming of the premium each time.
We made 2 Bear Divs and just now printed a Bullish Divergence in the premium chart vs. the spot price of GBTC.
This has always been about sharing the charts as I see them. I get shit wrong a lot. MACRO "ALWAYS A BITCOIN BULL" ... SWING TRADER OF GBTC, ZERO FEES! TAX-FREE IN HSA, IRA, 401K, and far more GAINZ... The GBTC chart is also more clear than BTC due to Premium. Anyways, I have stared at a screen enough. I hate typing so there's that... Study the chart or don't but...
Today we will talk about GBTC - Grayscale Bitcoin Investment Trust from Elliott Wave perspective, which is telling us where Crypto investors are hiding.
As you can see, in the recent rise, GBTC came to the upper triangle line in three waves A-B-C only, so recovery looks corrective, ideally for wave (d), especially if we consider a triangle in wave...
Big chance has come again.
I 've told my friends since 2016 about btc,
but even in Dec.2017, they didn't seem to keep in mind.
Now, crowd sentiment is as very low as 2014~2015.
So this time my friends will do same mistake again.
Because this is MATH and also THE LAW OF UNIVERSE, in accordance with NORMAL DISTRIBUTION. (a.k.a. Gaussian distribution)
Grayscale Bitcoin Trust Market Breakdown Week of June 16th
Been a while since I've updated my chart on this
Since then made a few plays on my TD ameritrade account, bought along this accumulation zone at 10.82, sold at 12.1 (June 2)
Bought 10.15, sold 10.82 (June 15)
So obviously now if you read my recent posts, I am currently not in any positions and...