GBTC When this name was at $20 we posted to short it - it's now at $4.50 and we see another 90% drop from here - yes you read that correctly - we're looking for sub .50c to consider getting long - we are not shorting here the easy money was made we're simply waiting.
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
GBTC - Bitcoin for your IRA (Basically)
Green targets are representative of bitcoin $4400, $4800 and $5100 figures for this rally.
Current price has passed 1.618 advancement. Next targets are
$5.51 (bitcoin $4400) (+10% from current)
$6.18 (bitcon $4800) (+25%)
$6.85 (bitcoin $5100) (40%)
Then expect one last bitcoin correction down to $2800-3100 ($3-4 GBTC...
This is loosely how I think BTC could bottom as depicted in the GBTC ETF. The 1.54 support line I drew corresponds with the 1200 ATH of the 2013 bull cycle. (The correspondence isn't 1.2 GBTC -> 1200 BTC because GBTC has a premium associated with it.)
I'm not suggesting I have the exact touch points marked of what the price action will be within a declining...
Pretty self explanatory in the chart.
I am expecting increasing volume and hoping that this is the capitulation phase we (and the rest of the community) has been waiting for.
...before you know it we'll be in the accumulation phase.
Sticking with my projection from April to Q1/Q2 2019 as the right buying opportunity.
This is "World best indicator" what i've seen since I entered into the crypto world for trading.
Several days ago, I already called the bottom for bitcoin and published into tradingview.
Since bitcoin came out on earth, Mr. Nouriel Roubini said bitcoin and crypto is scam.
Indeed, in 2013, he leaved mention on his twitter saying,
"In good company with Gold....
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)
This chart is the premium between GBTC (BITCOIN INVESTMENT TRUST) and BTCUSD on coinbase
As you can see, the premium is at historical low and keeps falling which means that the retail is steadily desinvesting from Bitcoin; however, the price on the exchanges remain above 6k. hence only one possibility, market makers (brokers and other large holders) are...