GRAYSCALE BITCOIN TRUST (BTC)

GBTC OTC

Profittime

Based upon the Investors and analyst’s speculation, Bitcoin might hit the $40,000 level in the near-term period. However, analysts at JPMorgan Chase & Co proclaim that the uptrend in the Bitcoin might struggle at the top due to declining demand from Grayscale. dkkpartners.com

BitFink

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.

conradkz

It seems the consensus is that we will consolidate here for a few weeks as we reinforce this new support level/trendline. I am long on GBTC in 2021 and I have added some additional position here. The risk you take is your own obviously. There is quite a bit of media attention on Cryptos - and many more to choose from. The younger investors aren't as attached to...

conradkz

GBTC touched the 200-day Moving Average and (it appears) triggered buying if you had this set up - congrats! I didn't. :-( There is enough of a pattern now that I need to be more vigilant.

neofx11

buy this dip and target $62.00 next!

chefdrewmem

As Oil and the dollar begin to rally we should see a cycling into hard commodities and physical currency while the world normalizes over the year people will find greater value in readily available assets.

WallStreetKwt

Renko box size = 0.75

EBITDAtiger

GBTC will move almost identically to bitcoin, it's an ETF from Grayscale Funds that tracks, you guessed it, bitcoin. JP Morgan just gave bitcoin a possible price target of $146,000. Tim Lee from Fundstrat, a very reputable analyst, gave it a $100,000 price target. If you can't buy crypto directly in your trading account or retirement account, you can get exposure...

mazdaki

The is the first Wave from here! The BIG W formation breakthrough! good luck!

BitFink

Don't snub a 26% discount in a full bull! I'll take that! If it goes to 30% oh well! I will miss exact tops and exact bottoms but I get my bags filled! Added 20% to my stack of GBTC today! Congrats to the DIP BUYERS! Next leg! Patience!

Sherem

I hear a lot of paid groups are bearish on BTC, or draw a really crappy head and shoulder's pattern on BTC. Let's take the head and shoulder's pattern floating around right now. This is purely conditional IF it were to break 10k, the it's this awkward sideways type H&S pattern that would have formed and some folks would have gotten lucky. I however believe BTC is...

conradkz

From what I can tell, we have some more downward pressure until we begin our big leg up. Watching to determine another entry on Bitcoin. Almost time to lean in.

3b78ea3dc5d144579b25cc6945a5d0

I have modified two scripts to show the Jake Bernstein Moving Average Channel (MAC) along with the Williams A/D on the same chart. The MAC method works well for Bitcoin too and GBTC was a 2 bar CMC MAC swing trade and it looks like it is working torwards the top of the channel.

conradkz

Overlaying BTC (orange) with GBTC and at the moment we are seeing a tepid response to BTC positive action. I'm assuming that there is some 'sentiment' affecting BTC and GBTC right now given all the negative press. I've drawn out a consolidation triangle to the right for a few days. So far that is holding true.

Entropy_Trading

GBTC appears to have found support at the 0.618 Fibonacci and could move up to 38-40 until next resistance.

conradkz

I previously drew out a line from before this current bull run and it appears that we are heading to the 40.1 level today.

BruhsterMK6

Most things can be persuaded or inflated, or even completely changed by the media. In this case, the media was saying how there were 9 million people vaccinated with the COVID-19 vaccine and how effective it was. As we can see, that brought reassurance to the market, causing the prices to rise. I invested in this, and I got some nice profit. You can too! Now is...

conradkz

I drew out this line mid-way yesterday that was confirmed as a new area of support. Now watching to see how this new support plays out. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent...