GBTC
Be careful speculating on downside with a rising wedge on BTC.Shorts get REKT in Bitcoin Bulls!
Stack, BTD on pullbacks... HODL! Scale-out towards the top!
That's the winning strategy!
GBTC still rang bound but trending upGBTC still rang bound but trending up
I will put in my buys at $12, $11, $10, $9 ect.
With all the corporate buying going with the free money printing - the book writes itself. This is what Satoshi was expecting.
Not advice, I just like drawing in my journal.
You are one of the few! If you are buying here under 12k to ever see these prices again. Your family and friends will think you're a genius in a couple of years and say oh how lucky you were and not know the fortitude and guts it takes to ride 20-50% dips and add! Could it dip more? Sure, can! Get rich quickers, get poor quicker! The only way to get rich quick is to get rich slow! STACK SATS! Quite the noise! The HODL is the key to BTC!
5 wave parabola in play., w/ "fast" ABC correction after...
Bitcoin to 14.7k around Oct 5th! Gold and Silver taking a pause and correcting! Bitcoins turn to play catch up with profits from precious metals! The big boys are here now! They aren't flipping shitcoins!
There's enough shorts for this bear trap to take place! And exactly why I trade spot, no margin/leverage, live debt-free, never borrow anything. The borrower is a slave to the lender and degens get REKT! You cannot reck me! It's impossible! I STACK & HODL BTC long term in cold storage! Swing trade GBTC fee-free and tax-free in Retirement accounts. And trade 100% BTC and precious metals... Everything else is fake right now!
Possible Path...Maybe this GAP does close... Maybe not! Either way! Greyscale is buying damn near all the miner's coins! There is barely any on exchanges. When FOMO starts we are ging to fly so hard and fast. Best to HODL towards the top and scale out!
ETHE about to flip the 50/200 day?ETHE about to flip the 50/200 day?
We did not think this would go this low. but it did - so now what ?
Do we go lower?
it seems we have bounced off a new lower low but we might reverse down further.
time will tell in this election season.
In this range for...41 out of the past 146 weekly candles and only above it for 10. Now's not the time to sell. Betting on it going back under 9.8k for anything except a wick is a losing battle in my book... Adding!
I've done a lot of stupid things in my life. But shorting BTC or GBTC here will not be one of them...
EVERYONE CALLING 8,7,6K! Do the opposite of everybody!
DCA HODL still the best course of action for 98%!
GBTC H2: SWING: BEST LEVEL to SHORT IT 25% gains(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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GBTC H2: SWING: BEST LEVEL to SHORT IT 25% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: GBTC H2 chart review/outlook
::: distribution in progress
::: TOPPED OUT ALREADY
::: spells trouble for BTC obviously
::: mid range will get re-tested and then DUMP
::: upside is limited by 13.50
::: gap getting filled and then we DUMP
::: expecting more downside 20%/25%
::: shorting near 13.50USD
::: is a good strategy for BEARS
::: recommended strategy: SHORT IT 13.50
::: TP1 +20% TP2 +25% gains BEARS
::: September is a weak month for BTC
::: so don't expect any upside
::: instead focus on shorting any rips/rallies
::: and you will get paid
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BULLS
Bitcoin testing that monthly close level of 10.6k...Turning it into support before the next leg higher!
DO NOT LET WHALES SHAKE YOU OUT! You will have regrets!
Still in a yearly inside bar pattern!
DCA & HODL is the best for 98% of regular folks!
BTC Dominance loos like it could bounce.I think the ALTs are about to get left behind.
Remember this is a game of acquiring more BTC.
There are ZERO alt maxi's and or HODLers of last resort! They ALL want more BTC.
They will dump their illiquid bags and FOMO into the KING!
FIB FAN DOES NOT LIE! Road to 288k by DEC 2021... You have approx. 24 weeks left "IMHO" to stack SATS under 30k which is where I will stop buying until we bottom again sometime in DEC 2022.
