Grayscale Bitcoin Trust (BTC)

conradkz

On the news that GBTC was discounted up to 20%, many buyers came in yesterday. But is usually the case with FOMO, the next day BTC took a breather and buyers quickly turned to sellers. Clearing this area of resistance will be difficult as the next one up will be the fund's ATH. You can clearly see the hours-long retracements on our current up-trend. We should be...

ridethepig

Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above. A more solid representation is our long-term chart in BTC, but GBTC is also playable. With sellers showing a lack of necessary tenacity, and...

FiftyGZTP

Double bottom 4 of 3 of 3 see you at the target hehe

OrangeChrome

A fractal showing a potential short term retrace with following continuation of bull trend

conradkz

Complete conjecture. Not financial advice. If Bitcoin holds up this week, we could be at 44-45 where we have had difficulty holding previously. Looking back, the 50-day EMA and a fib I’ve drawn out intersected at an area we ultimately failed to hold. This could be coming soon. If it does appear we are having some difficulty there I am setting a stop to protect...

lauralea

Price is approaching top Bollinger band set on 80 verses a 20 daily SMA. Often the bands can keep price contained within although sometimes momentum can cause a break through the upper band. It will return to the interior of the bands at some point. Target is D. ABC bullish patterns begin with an impulse wave up labeled AB. The BC leg is a retracement of AB. ...

cogent-trader

We've been trading GBTC while hodling BTC long term. Using the BTC charts has worked and the assets are tightly correlated relative price action and percentage gains. Most know or should know that GBTC can swing from a discount to a premium against the underlying asset. Chart: some folks called the bottom in July as minor wave 2 of a new wave 1 uptrend in a...

bharat_nft

$GBTC is currently trading at a 13% discount to the Net Asset Value (NAV) of BTC held by the Grayscale trust. I think this means institutions are still more bearish than they should be on BTC, and once BTC cracks $50k with strength, they'll be rushing back in to buy a product like GBTC. Many still don't want to deal with the custody/security headaches of holding...

Codywheeler

stacking shares of gbtc. really trying to grow my roth ira utilizing btc gains. DCAing every week

ispirtos

Possible completion of 2 either @ 34.60 local low (red count) or @ 30/32.50 (green count) make a possible target for 3/5 the area around 70.

conradkz

This is essentially where I had problems a year ago. At that time, we would push up and then retrace our gains very quickly. As someone said, investing is easy at the bottom. That and I think profit taking will occur the closer to ATH we go. I have a band drawn out in the 42-44 range from last year and that area still holds true as both support and resistance,...

TradingMula

The exponential power of crypto can surprise most bulls

McllroyCharlee

Nasdaq or BTC How i am determining the Daily buys. Which ever is green, Buy the red one

JSiminoski

#1 Main Watch $GBTC HTF IBO Long Monthly - Decel/0.618 fib Weekly  - Support/50 ema Daily     - Emas/fib retrace/pullback RR - 5.2 Additionally on Watch: Main - $OEG Secondary - $BLIN Secondary - $Z 19 stocks on development needed list Live Trades: $TLRY $AEMD $MSTR

JSiminoski

#1 Secondary Watch $GBTC HTF IBO Long Monthly - Decel/0.618 fib retrace Weekly   - Support/50 ema Daily      - Strong breakout/emas/fib retracement RR - 5 Additionally on Watch: Secondary - $Z Secondary - $FSLR Secondary - $MSTR Secondary - $BLIN 14 stocks on development needed list Live Trades: $TLRY $AEMD

Paraman666

GBTC has very clear structure and we probably finished 5-wavish move at 35,5 $ and we will see some 3-wavish pullback, ideal support zone is at 28,5 $, OR we will continue in downtrend, because this 5-wavish move up could easily be only wave C, in corrective uptrend ABC move. RSI divergence is confirming, that top should be SET. Though sentiment is still...

neofx11

GUESS WHAT WILL PRINT AS A MONTHLY CANDLE ON GBTC!! THAT'S RIGHT, A BEAUTIFUL BULLISH ENGULFING CANDLE RIGHT ON THE 61.8% FIB RETRACEMENT........ TARGETS ARE $90, $120 WITH A PEAK @ $150 POSSIBLY THIS YEAR!

JSiminoski

#1 Secondary Watch $GBTC HTF IBO Long Strong break out today. Waiting for a pullback to form the entry. RR - 3 Additionally on Watch: Secondary - $OEG 7 stocks on development needed list Live Trades: $TLRY $AEMD