OTC:GBTC matters and its anti-matter lies between $22.5 and $25.00
Not once since the advent of OTC:GBTC has a weekly close occurred between those prices. As we approach $22.5, it begins to feel like a beach ball underwater. Once cleared, GBTC will soar up to $25 that week and breach like the whale that you are. CRYPTOCAP:BTC #BTC #BITCOIN #CRYPTO #BULL...
While CRYPTOCAP:BTC has experienced fits and starts (why isn't it "Starts and Fits"?), OTC:GBTC has experienced a consistent bull run for over one full year as defined by higher highs and higher lows. In the absence of a spot ETF, CRYPTOCAP:BTC is still a highly manipulated product, easily influenced by withdrawals of Bitcoin from individual exchanges. ...
ETH broke out of the range on the downside and now, after trying to take out 1825, appears poised to test 1900 and potentially return to the trading range, eventually forging a path to previous 2120 high
(AKA the Shanghai Short Squeeze top)
Press conference had a very dovish reply to a reporter's question. Made me buy some more, looking for ETH 1876 and/or BTC 29,600 ... both of which would imply an extended rally. This is just my opinion, not financial advice. #DYOR Listen to the commentary for more info.
ETH has always held second seat to BTC and I not calling for that to reverse (Disclosure: BTC is by far my single largest holding. Even my large stock holdings, like TSLA, have significant BTC exposure), but I am calling for a return to grace for ETH. She has been under the gun of the SEC for too long. And I think that's going to recede.
They say " As goes GBTC, so goes Bitcoin ." Well, I actually never heard anyone say that until now, but GBTC certainly indicates a trendline breakout is underway. Same time frames are not presenting the same on BTC. (YET)
Much has been said about the dramatic increase in the price of APTOS this year. Surely it looked like a good short ... as @cryptomanran said, it is up 100s of percent. But, when you consider the price behavior of Solana during this time, regress the two against each other or against ETH ... You will see that it has really been a typical pattern that indicates...
ATOM-BTC ought normally be on a 20-30 degree downslope to account for tokenomics. ATOM outperforms BTC by 20%+ per year when price ratio is unchanged. We seem to have broken out of the last 3-4 months downtrend. See now that ATOM-BTC is coming back to re-test. ATOM is one of those rare mid-to-high yielders which can hold pace on a price basis over periods of...
