GBTC
The Gaussian Channel looks like it will hold. What the next few weeks could look like based off the last fractal over top of the channel.
I'm not sold that we get a pullback! Bitcoin doesn't often give you too many gifts. It generally leaves your greedy ass behind and intice you to FOMO chase!
Early a.m. BTC market update...First 6 min Bit Fink Life tips...
14 min of thoughts of where we are at in this cycle.
Forgot to watch the time and got cut off at the end.
Out of practice.
ROKU looking tasty! This is the real streaming play IMHO. There's there, there! The Chart looks good &...
Every TV in my home is a ROKU TV because you don't need a spectrum box with ROKU!
Grayscale Bitcoin Trust (GBTC 1W) A double bottom in formation?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 not close a weekly candle above the pivot resistance line (12.137$).
The battle of the bulls against the bear will be fierce.
I’m neutral for now and do not open any large position on Bitcoin because the larger trend has been down for so long now.
On the other and many indicators are bullish:
1 – The weekly stock is pointing up
2 – The RSI is once again in a uptrend after holding the 40 and breaking above the 53.27 resistance mark.
3 – We can also see volume expanding.
4 – The contract is trading above all major weekly EMA.
Despite all that I remain caution and moderately optimistic. Maybe that is the signature of a disbelief rally…
I will keep you all updated.
Disclaimer: This is not financial advice as I’m not a financial adviser. Everyone is wise to manage their own risk properly when considering any trading decision or activities.
Historical First Ever bounce off of the median line of the GC! We are now above the Gaussian Channel!
HODL ON!
Grayscale Bitcoin Trust - 40% Move UpI 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 willing to pay at least $9500 for 1 Bitcoin.
With this in mind and the fact that GBTC mirrors Bitcoin, this stock is about to absolutely soar.
Using the Easy Loot indicator I created, GBTC is signaling BUY with the volume increasing, supporting the move up. This is not a false breakout or false manipulated move up, sure yes I agree this stock is manipulated, everything is, but the fact that all these indicators are flashing buy buy buy as well as the spot price of Bitcoin being well over the actual, something crazy is about to happen.
I'm going to continue holding GBTC and letting it ride to see where this thing goes, 1st sell target is placed at the $12.5 weekly resistance for a 40% gain.
As always please do your own research, I am not a financial advisor.
X Marked the spot! BTD!
Don't get fooled! Hope kicks in-in 2020!
Optimism, Belief, Thrill, and EUPHORIA come in 2021 IMHO.
I'm baaack! Got moved, unpacked, organized and decorated in record-breaking fashion.
I like this falling wedge play for more upside! We are going to make a 100% move higher over the next 3 months IMHO.
First time we've been above the 20 weeksince Sept 19
and first, break above since March 2019.
If the last fractal were to play out we would be at 28k.
Food for thought, a Long term we are in the beginning stages of a raging bull!
Bitcoin vs GBTC: An etf will be approved by Jan 15thI think someone thinks like me here, RgMov is surging in this ratio, showing $BTC outpace $GBTC, Barry Silbert's shady fund, that trades at a massive premium since forever, due to it being the only way to get $BTC exposure for most people with brokerage accounts since basically forever.
Once an ETF is viable, premium will vanish, making this a good bet, if you find a broker that lets you short it (and are able to buy real $BTC or futures at Bakkt or CME for the same dollar amount as you short in $GBTC shares). Risk 7% to make up to 30-40% on this trade.
15% allocation would be a good fit.
Cheers,
Ivan Labrie.
BTC About to retest...I closed on my dream home this week. Packing, Cleaning, Moving, Unpacking... BLAH!!!!! Not much time for anything else. But Bitcoin at 9.2k and my dream home all in the same week! Pinch me! But for real one more retest to the 8.3k is likely then we are off for the 2 year Bull Build up IMHO... STACK SATS!
$BTC #Bitcoin breakoutBitcoin bullish breakout on weekly chart. Could see test of 11,500 with a break above resistance where it is currently at.
