GBTC
18 months of daily divergences...Equities and Bitcoin pump into the elections. Last week of October the equities bubbles pops, Bitcoin corrects and 2021 belongs to Bitcoin, Silver, & Gold... In that order!
The Mean of the Meyer Multiple Bands has held for 30 days...That's a real good sign that we will never see Bitcoin prices under 11.6k ever again!
Look left. The 3 day never broke below one it held as support.
Q4 20- 2021Pay attention to high timeframes to be successful at this game.
Very good chance of 27k before any significant 40% pullback to the 15k area before 2021 mania!
GBTC POSITION TRADEGBTC POSITION TRADE
Narrative, Use Cases, and Addressable Market can be found on the following link (pages 74-80):
www.slideshare.net
Position Trade:
Grayscale Bitcoin Trust (GBTC) enables investors to gain exposure to the price movement of Bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping Bitcoin.
grayscale.co
From a technical analysis perspective, a consolidation from the break of its major trend line indicates a beginning of an uptrend. Bitcoin is currently finding support above its 10-day moving average price. With all moving averages pointing up, it also indicates that a longer-term uptrend may well be in place.
Fibonacci Price Extension indicates a potential price target close to its previous years high, suggesting a 24%-29% profit potential from its current price on the short to medium term. But considering that this may just be the beginning of a long term uptrend, multiple profits on future set-ups can be made if/when it continues to find support above its 50-day moving average. Triggers for entering a trade include acceleration of On-Balance Volume which signals an increase in buying pressure pushing the price higher, and ADX accelerating to 30 which indicates a build-up on the momentum of price action.
MGTI falling out of the cliff or twisting one more time ? The current wedge pattern could end up in a brutal reversal targetting 0.80$ in the near term if BTC keeps moving higher.
OTC:MGTI
Grayscale premium is off the rails.There's not enough custodial business to support the demand! The premium over BTC is off the rails. Incredibly bullish!
Uncanny!The resemblance to the April-June 2019 run-up in the Oscillators/Structure/Volume
Speaks of a $20,500 breach by the end of OCT just before US elections!
Funny thing that's when I think the bottom will fall out fo equities!
Why the next top doesn't go beyond Dec 2021 In my viewOnce the RSI DIV drops below 0 that's the top.
The current trajectory shows Indicator doesn't have far to push beyond that point in time.
4-year cycles still intact!
GBTCTF: D
BTC price looks to be breaking out in the crypto markets shown on the left, looks this will also follow. I think price should want to test highs around $17.48 if price can maintain above the broken resistance.
Clear Signal! When the NVT (Network Value to Transactions Ration) signals from white to red
while the HV (Historical Volatility) is under 40 = Big move to the upside
The opposite = Downside...
There's you sign!
