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GBTC

Grayscale Bitcoin Trust - 4H AnalysisHey traders, doing something a little bit different than the typical crypto post, today we're looking at Grayscale Bitcoin. For those of you in the traditional stock market and see the impending doom of stocks, GBTC is perfect for you. GBTC mimics the price of BTC and is backed fully by the price of Bitcoin. Every share of GBTC = 0.00097 BTC ex. 1000 shares = 0.97 BTC I don't think I need to go too much into analysis, as I update you guys frequently on the actual price of Bitcoin, but the price looks like a great entry at the moment, I don't expect Bitcoin to drop any lower than where we're at now. 1st Sell Target should be set at 12.3666 for a 44% gain 2nd Sell Target should be set at 17.25 for a 40% gain BTC broke out of the summer downtrend that started at the swing-high peak of 14,000 in this case 17.25. The charts between BTC and GBTC are almost identical and very easy to read. Expect accumulation for the rest of the year, opening the doors for a huge move in the new decade. As always please do your own research, I am not a financial advisor.
GLong
by kyer
BTC - Daily Trend Bearish - Buying Opportunity to $6k PossibleDaily trend on BTC is bearish. Possibility of decline down to $6K. I do not see us going lower than yellow support line for Outter Space chart. RSI and trend dots are already low in position, so we should not see drastic price declines from here IMO. Halving is 5 months away. Based on previous patterns, we should see price increase into halving. Green box on chart is Buy Zone. I would consider buying all weakness down into $6k if you are holding into 2021. You should see greater than 2x easily by holding for only 2 years (this is very conservative estimate). News- Co-integration of S2F model and bitcoin price now being taught by hedge funds twitter.com BayernLB Presentation in Denmark (I believe Denmark) twitter.com If they are teaching about stock to flow at the financial institutions, and publicly bashing BTC in the media, that should confirm they are IN ON IT. Banks are learning about BTC for investment while giving false negative impressions. Outter Space BTC Chart Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
BITSTAMP:BTCUSDLong
by MoneyPatterns
1
BTC - In the BUY ZONEBTC is in the Buy Zone (current price down to $6800). I do not think we see the Nov.25 low of $6500 again. RSI is currently below 40. RSI was recently as low as 22. If we see RSI this low again, this would be like a double bottom on RSI which I consider bullish. Based on the RSI trend, I don't see these "BTC going to 5K" predictions accurate. This would imply a mass exodus of BTC during high economic uncertainty, right before halving. Sounds like fud to me. I am watching the price and 10WeekMA wanting to come together like magnets. When that happens - we are on! Until then - by incrementally into the weakness until we see a flip bullish in the weekly. Then pour gas on the fire. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL BTC Outter Space view - Says by 1/1/2020 we don't EVER go below $6 again. EVER. If we do, we violate 10 year resistance and stock to flow.
BITSTAMP:BTCUSDLong
by MoneyPatterns
4