As posted here on TV we covered a few months ago but all buyers of this fund should be aware of the massive "premium" that this fund can generate - as much as 80% a year ago which we warned of back then. GBTC is a safe easy way to buy BTC but it can also be a trap if you are the one paying that premium - a drop in BTC produces a massive drop in this name. Just...
GBTC PREMIUM IS GREATEST WHEN BTC PRICE IS RIPPING AND GBTC PREMIUM IS LOWEST WHEN BTC PRICE IS TANKING. GBTC TAKES THE SENTIMENT SHIFTS IN EUPHORIA AND DESPAIR AND EXACERBATES THEM, AS IT REPRESENTS A LESS SOPHISTICATED SECTION OF THE MARKET WITH LESS INVESTMENT RESOURCES. IF ONE BUYS ON A BTC PRICE DIP WHERE THE GBTC PREMIUM TO NET ASSET VALUE CLOSE TO 30%, THE...
I love BTC but I have a ROTH IRA as well where my GBTC sits in a tax-free situation and last bull run it ended up pumping to 250% premium of BTC. If that's the case this go around GBTC pumps to $450ish a share next top. accumulating and HODLing #BTC & #GBTC
The Greyscale Bitcoin Trust is a easy way to get invested in bitcoin and related coins. It takes the hassle of opening wallets etc away from the investor and gives exposure to the often confusing crypto markets. This is in our opionion a short term trade and something to hold as you are paying a premium for someone else doing the work. The fund has over 800mil in...
Assuming that BTCUSD continues to consolidate around $4800 GBTC should go above 5.70 and as high as 5.95. If the price were to rise during the session, even by $100, I would not be surprised to see the price hit as high as $6.00 .
BTC should still be considered experimental, and we have no great love for ETFs which may or may not have possession of what they say they do, or what the state of the underlying custodian may be. Yet, as a trader the shape of this time-series is compelling. Getting long on this breakout. Back under around 4.50 and it should be considered a failure.
The cloud is configured to reflect the daily chart of an asset that trades 24/7 as the underlying bitcoin does. Refer to the BTC chart link below.
The volume profile suggests that there is a new range for BTC with support at $3930, resistance at $4830. There is also resistance around $4200.
Due to the growing volume across exchanges, it is becoming ever more...
Today I’m In Korea and on my way back to Seattle. Some people don’t have crypto trading accounts, but my have access to US stock. While there still is no crypto ETF, there is another option - GBTC which is a Bitcoin Trust kind of similar to GLD - gold etf.
Like the BTCUSD GBTC is also oscillator is displaying convergence indicating a strong possibility of a...
As shown in the chart, the premium paid for GBTC over BTCUSD is consolidating around 14%.
Entry points are to be found optimally when the GBTC premium is below 14%. Of course one must first take into consideration the price and technical indicators of Bitcoin itself.
The premium may also be construed as a Fear and Greed Indicator measuring optimism and pessimism...
Just ran a 3 Hr Model on my momentum trend model and provided a masterpiece (eue, tu.ub) , i am 99% convinced that Bitcoin/GBT will bottom very end of February 2019.
brschultz aka markettimer777
All trading view info is shared on twitter & StockTwits per the options available when sharing.
Dropped GBTC data into my 60 minute model to determine optimal buy point ( eue.tu,ub). My model essentially trends momentum to hopefully determine optimal buy point (like my current optimal buy date of Jan 24 2019 for IMGN).
brschultz aka markettimer777
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OTC:GBTC
