I did a little research on the bitcoin and found via chart analysis a possibility for both a bear and a bull play.
Solely on LT via monthly chart oriented analysis.
Gaps like to be filled and we have a nice and wide, wet and sexy gap that would take BTC spot below $5000 IMO . This is a very plausible scenario and would I love to hear your opinion, even if you are a sloppy ugly internet troll living in your parents crawlspace. Please chime in.
GBTC - Grayscale Bitcoin Trust (United States Stock)
GBTC (Bitcoin) Stock From $13.55-$14.00 down to $9.00 and $7.00
We have two gaps right now:
1) $13.55 - $14.55
2) $5.15 - $5.55 (50%/50% Chance)
We have global scenario on real Bitcoin (Binance) two targets:
1) First step 8500-9000
2) Second step 7000-7500 and global reversal
3) 3 step - panic and price 6000...
Hyperwave Channel by Lucid Investment Strategies
Co-hosted by D. Tyler Jenks and Leah Wald
D. Tyler Jenks, the President, and CIO of Lucid Investment Strategies LLC developed the proprietary technical system of Hyperwave. After 40 years as an investment manager, he discovered over 300 examples of Hyperwaves within various asset classes; stocks, bonds,...
Hello traders, today we will talk about Bitcoin!
Bitcoin is trading sideways since the end of June, which more and more looks like a corrective bullish triangle pattern in wave 4. One of the main reasons for this view is GBTC - Grayscale Bitcoin Investment Trust in which we also see a bullish triangle formation, so don't be surprised if BTC bounces again...
If you are believer in the Crypto asset class, OTC:GBTCmay be a very good proposition for you, given the hourly and daily volatility in the market, it can often lead to panic selling or buying. They advantage of such a trust if that it takes the emotion out of your investment and places that emotion with someone qualified to handle the swings involved in crypto...
If you can't buy BTC directly, or have funds in a registered retirement account you'd like to allocate to BTC, GBTC seems to be one of the few choices out there on the public markets.
It typically trades at a premium, and that premium varies over time. During FOMO bubble spikes like late 2017, it gets to insane levels. As of this writing, the premium is below its...
We could see another drive to a 250% premium...
Say the 130k by December call is correct...
That could mean a $275 TO $325 is in the works...
Not Finacial Advise, DYOR!
Grayscale Bitcoin Trust (BTC), formerly Bitcoin Investment Trust, holds bitcoins and, from time to time, issues creation baskets in exchange for deposits of bitcoins and distributes bitcoins in connection with redemption baskets. The activities of the Trust includes issuing Baskets in exchange for bitcoins deposited by the authorized participants or liquidity providers, as applicable, with the custodian as consideration and transferring actual bitcoins as necessary to cover the combined fee and selling bitcoins as necessary to pay extraordinary fees. The activities of the Trust also includes transferring actual bitcoins in exchange for Baskets surrendered for redemption by the authorized participants, causing the sponsor to sell bitcoins on the termination of the Trust. The Trust also engages in all administrative and custodial procedures necessary to accomplish such activities in accordance with the provisions of the trust agreement.
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GBTC
