GBTC
Bullish 200SMA & 128SMA Cross IncomingLooks like we are setup for 200SMA and 128SMA cross on or before 11/24.
When price crosses the 200/128 point, all moving averages line up for STRONG BULLISH MOVEMENT :)
We may have a down day or two before the strong turn. Final shakeout attempt.
Do not be discouraged by one or two daily down days this month. November and December and looking excellent for BTCUSD and GBTC.
Thank you for the strong support and comments from everyone. Please like, comment, follow, reply with your chart, or ask a question if you like.
I am not a financial advisor. All my recommendations are based on what I do.
Close above $9308.52 = Back to Bullish on DailyWe are very close to making the turn here.
Gaussian Channel indicates MAIN trend (regardless on time perspective).
When price crosses midline, it's like a weak magnet pulling to other side.
When price exits channel - trend changes. Price farther outside channel makes channel change direction.
We are bearish on the Daily currently. However, the price gap for this to change is extremely small.
When I check the Weekly or even Monthly view - WE ARE BULLISH.
During bullish Weekly or Monthly trends, bitcoin can move very quick. Last Bullish Weekly and Monthly was 300% from $3000 to over $9k.
I am long BTC and GBTC for this reason.
Thank you to everyone that comments, puts a chart, likes, or follows. I really appreciate the community here.
I am not a financial advisor. This is my opinion based on what I do.
1HR - Bullish OverallThere is a SMALL possibility of bearish reversal if price closes below red dash line (8PM EST new daily candle). I DO NOT EXPECT BEARISH REVERSAL.
Since Weekly view is bullish and indicators on 1HR chart are bullish, or just turned bullish, the LONGER TERM BULLISH TREND IS INTACT.
Based on Gaussian Channel and price exactly hitting the bottom channel, I feel this is the fakeout before going to 10K possibly.
If price closes above the $9400 mark (previous day high), bullish trend on Daily is intact.
With weekly trend just turning bullish, I expect at least 2 more positive weeks despite any daily contractions.
Hours do not matter as much as days....just like pennies do not matter as much as dollars. - ME
While the short term trend dictates possible reversals or continuation of the trend, the MAIN trend should be the MAIN driver of your decision (not a 5MIN chart).
From Outter Space - Long Term ViewDo you see the repeating pattern?
Two small flags followed by one big flag.
We just finished first small flag. We have one small flag before another correction. Then the big climb up.
Not sure we will reach max value shown at $200K+, but the pattern fits.
I will update as we go.
This is just my opinion.
Please like, comment, or follow if you like what you see.
Weekly View - Bullish EMA Cross There was a bullish EMA cross last week.
Current weekly view has multiple bullish indicators.
Weekly view is more stable for LONG TERM TREND.
Bullish on Weekly - Don't believe negative hype!Gaussian Channel turned bullish on Weekly. Last time green on weekly was during bull run.
ALL OTHER WEEKLY INDICATORS POINT UP!
Bull Flag Breakout on 1HR - Goin UP!!!All signs on 1HR chart point to completion of the Bull Flag pattern on 1HR chart.
Completion of this 1HR pattern should see us get past 10K to prime this rocket engine for liftoff to 20K pre-halving.
Price above EMA ribbon is positive. While bull flag completes and is above EMA ribbon, pressure build and then we get a big move.
Anytime Gaussian Channel and EMA ribbon have price cross through from below, and price remains above, bullish move is imminent.
GBTC long-term investingGreat patterns forming here with a cup & handle + bull flag.
Long-term scope
- Dalin
2016 Halving event.vs. 2019
I will post-2019 chart below.
TView will not let me look at past and current time frames in a stacked chart.
BTC vs. GBTCBTC in descending triangle.
GBTC in ascending triangle.
Are institutions getting prepared for a Monday gap up?
The whales play games with minnows.
Think like a whale.
If the market blesses us with the $8553 spot...I am buying with both fists.
Wyckoff pattern is clear Jump of the creek 1st distribution into reaccumulation.
Wave 1 and 2 almost complete. 3,4,& 5 to go before a larger ABC correction.
We are about to leave DISBELIEF and enter the HOPE stage.
then...
Optimism
Belief
Thrill
Euphoria
Rinse and Repeat at least until 2140 when the last BTC is mined!
WELCOME TO BITCOIN - The World's First Truly Deflationary Digital Store of Value that's easily exchanged in a fractional, borderless, decentralized, censorship-resistant fashion!
I AM NOT LEAVING !!!!!!!!
Loading Zone - Today and TomorrowBased on the Gaussian Channel, the loading zone where the turn occurs is Oct. 31 and Nov. 1st.
Watch for turn to green on 1HR Gaussian Channel. Price may ride the 4HR Gaussian Channel line up (green solid line).
If we confirm the 10k breakout....see you all at 12k. :)
Happy 11TH Birthday Bitcoin Whitepaper! Dropped on us like mana from heaven!
If you are buying into the "WE ARE GOING LOWER" shtick...
You are not understanding this game!
Trading is like playing poker!
The Good "day" traders are for lack of a better term "scamming" you into believing that we are going lower so you fill their bids and they leave you behind after selling what you thought was going to crash based on hearsay! Then they create this FOMO hype and you buy the next top while they sell you the asset that they JUST shook you out off because of your tiny testicles. Then you sell the next bottom because they repeat this cycle the whole way up! This is the wrong way to play this game! Well for the Capitulating FOMOer! Not for the trickster.
The best traders are investors "Positional / Swing Traders" They know these FUDsters are in every market! They find an asset "LIKE BTC, THERE'S REALLY NO OTHER AT THIS POINT"
And they nestle into position and they stack on dips and ride this wave to completion! They wait for Retail to create it's own FOMO cycle and they distribute to the masses what they desire not by what they created themselves. But what the market/news/and human greed have created.
Both are playing the natural human fear and greed emotions for financial gain.
One is maybe doing it more ethically IMHO.
Why do I love BITCOIN?
Most Stock Trading is a zero-sum game.
Bitcoin is the first asset that if you buy the tops and have the balls to HODL learn about this network you will be whole EVENTUALLY - Especially if you average down. I WOULD NEVER AVERAGE DWON ANY ANY OTHER ASSET PERIOD!!!!!!!!!!!!!
Many of the greats in Bitcoin bought the top and HEDL all the way down and are more than whole today! Jamison Lopp, Tim Draper, Trace Mayer, just to name a few! Trace has never sold a coin! Think about that!
There are 120 years of mining left! This train isn't stopping anytime soon!
GET ONBOARD!
