📉This graph shows the average price of the main ETF's in the cryptocurrency sector, and their correlation with Bitcoin. 🟢These are the ETF's aggregated here: PROSHARES BITCOIN STRATEGY ETF GRAYSCALE BITCOIN TRUST (BTC) GRAYSCALE ETHEREUM TRUST (ETH) AMPLIFY TRANSFORMATIONAL DATA SHARING ETF (BLOK) BITWISE 10 CRYPTO INDEX FUND (BITW) GLOBAL X BLOCKCHAIN ETF...
Reviewing the time around the halving that produces profitable trending signals. From the chart 1 yr and 2 months before the halving and 1 year 5 months after the halving produces profitable signals consider pre halving to be spring consider post halving to be summer consider the red X between the two to be winter and unprofitable to take signals. Posting...
Premise still stands. Ascending channel, see part 1 in links
These are the next Crypto Related Stocks that just cleared the Green cloud with the cloud moving up. OSTK the cloud is diminishing but I think it has room to go up still. Other than that on all of these I would look for a pull back to atleast half of the last Green candle move over the last 24 hours. Then find a place to get in once it closes Green going...
IF BITCOIN IS GONNA PUMP (WHICH IT WILL), THEN THIS WILL UNDOUBTEDLY FOLLOW! CAN YOU SAY CUP & HANDLE??? LET'S GO
Falling wedge bullish continuation pattern. Wondering if previous pump possible short squeeze. 02/12/2021 8.29% short interest. www.otcmarkets.com Premium at about 100% to NAV. Very expensive. Would be extremely foolish to short any Crypto stock IMO. Price could go either down to NAV at $50 or back up to test all time highs. Wait for breakout. A pump by bitcoin...
For the time being, it appears that BITW has bottom at around 35% above the NAV price. The last bottom was at around 23% above the NAV price. Perhaps the next bottom after this could be 45% above the NAV? Could we be seeing a trend here? Could the next top in BITW be when the NAV reaches $40?
I think it might be...ya know...because the NAV is telling us it's over valued. I noticed something interesting between the NAV and the price of BITW, if you look at the very low of BITW the price is around $20.74. If you then look at the NAV line and where BITW topped out, you notice that the NAV price is $20.33 (ATH). That's a $0.41 difference or almost a 2%...
These guys are going places. Be patient as the cobwebs may need to get sorted. Competition in this space is great and has been needed to step -up existing compeditors. Good luck to the team. All the hard work appears to be paying off. All the best to BITW. I'm long. -Cryptmando (this is not trading advise)