On the Grayscale Bitcoin Trust there is a very well defined "Adam and Eve Bottom" pattern. The last time I went long on this type of pattern Bitcoin was below $5K.
Just sayin.......
According to this chart we are in the beginning of a long term impulsive bullish move. A move to $190 looks doable, crypto is a wild market indeed!
FYI GBTC has been the best performer in my brokerage account the last couple of years.
Quick update since my last Grayscale Bitcoin Trust analysis, that move played out for a 40% gain. If you got perfect entry along the monthly support at $8.35 you're up a chillin 53% if you sold at the sell target.
Anyways, the 'golden cross' is about to happen on GBTC as well as the price of Bitcoin looks fundamentally and technically bullish, this Grayscale BTC...
Hi, it has been requested so I might as well do it.
My current view on the GBTC a futures contract which many times lead the race in matter of the bitcoin price.
Since the beginning of 2020 we can clearly see emerging from the chaos and all the bearishness and negative sentiment a double bottom pattern.
Obviously the pattern is not complete nor valid if GBTC do...
I signaled entry around $9 on GBTC, currently up 21%.
I don't normally post stock analysis' , but this is the only stock i'm holding now in my TD. I was thinking a potential pullback, but why try to buy back in higher for such a little gain.
The current price of spot Bitcoin premium is $250 higher than the average price, meaning that institutional investors are...
I've been accumulating GBTC since $4.28 and as I was looking for the next dip to buy more I ended up with this setup idea that I decided to publish. It'd be a nice swing trade assuming we get down to the entry, though to be clear, this is not financial advice - I am not even planning on trading this other than accumulating more at the entry of $9.85 (will...
Billionaires offloading their stocks at record highs while SEC opens the floodgates for *non-accredited investors* to buy their bags.
"Robinhood, Square Cash App, Acorns, all Exchanges went Commission Free Trades"
Where have I seen this before?
Ahhh.... The 2017 Crypto bubble top
Read about the Shoeshine Boy! Before the 1929 collapse the Shoeshine Boy was...
As a copy cat of Bitcoins price action, investors are starting to show some interest in OTC:GBTC, BTC is expected to make one final push lower in the days to come, which should complete the correction phase.
Indicators are starting to reverse in a bullish manner, but volume is poor.
Wise investors are waiting to step in with more confirmation.
If bullish momentum continues - obviously depending on the critical underlying asset which is Bitcoin continues to break through resistance to the upside, we could see fireworks. First target $18-25.
GBTC
