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GBTC

How can it be a Death Cross when price is above it?I do not see this 50SMA / 200SMA cross to be bearish, as the current price is above both moving averages. The price is also above Gaussian Channel mid-line, with channel turning to green soon (bullish on daily). In my opinion, if we get the channel to turn bullish on the weekly we have a longer term bullish trend going. Hope everyone has a great weekend. Remember - Bitcoin never trades sideways for long. It is always up or down. If it's going sideways, take a look at the halving date and consider accumulation with averaging. This is how one person could buy 10,000BTC over a week without the price going up. (which would be buying 1BTC per minute for a week straight roughly).
BITFINEX:BTCUSDLong
by MoneyPatterns
2
I talked about this scenario playing out the first half of 2098.Even changed my name to 120k by EOY 2019... Timing may be off, (early 20) but everyone expects it to go like last time (gradual climb) "because we've never pumped pre halving" and this is the only scenario that would take everyone off guard and screw with everyone heads! If you don't think this can happen. You haven't assessed what asset class you chose to be a part of. NOT SAYING IT'S GUARANTEED! ASSESSING POSSIBLE SUPER BULLISH OUTCOMES. Time will tell the tale!
BITSTAMP:BTCUSDLong
by ChARTs1440
11
As the Death Cross Looms....As the 200MA and 50MA (Death Cross) looms, we are less than 3.5% from going above BOTH the 50MA and 200MA. As stated before, this was nothing more than shaking out the weak hands. All signs point to sustained growth, which will only be accelerated by economic uncertainty. This is NOT death cross if we break $8903 in the next few days. Maybe this Friday is payday for some folks and we can get this rocket pointed back in the upward direction. I am Long BTCUSD and GBTC. Short SPY. Long GDX.
BITSTAMP:BTCUSDLong
by MoneyPatterns
Gap Filled - GBTC - Two more gaps - Goin UP!MACD Bullish Divergence on GBTC Two more gaps we need to fill going up. This will happen pre-halving in my opinion. We are over suppressed at this point. January effect should be interesting when everyone gets tax returns. Who thinks people will put money in the market at all time highs before presidential election.... VS going to BTC? LOL "Regardless of factors such as institutional activity, Stock-to-Flow further forecasts that by around 2022, BTC/USD should trade above $100,000." Source bitcoinist.com
GLong
by MoneyPatterns
S&P500 Close to ATH - Short SPX500, Long BTCUSDSource cointelegraph.com This might be a triple top in S&P500. From what I see, we are very slow to break ATH in S&P500. Once that happens I think we only get slightly above 3025 in SPX500 (Maybe up to 3100), which may coincide with Tom Lee's prediction. Basically, more things look good in all markets risk is lowered in other assets like bitcoin. I will be buying Puts (options) on SPX500 as we get higher, keeping eye on 3050 and scaling in. Another good option is Credit Spread for this scenario. You can also short, but I like Puts or Credit Spreads best. This is all Bullish for Bitcoin. Source for Options Strategies (Bull Credit Spread, Bear Credit Spread, all other options, probabilities of success auto calculated) Enter symbol or search by strategy www.barchart.com
OANDA:SPX500USDShort
by MoneyPatterns
Falling Wedge Meets Long Support by 11/13Resistance and main support (from 2018) appear to converge with current falling wedge pattern by 11/13. Gaussian channel mid-line and 0.618 Fib Level all correspond to same price and time period. We may get slightly lower despite today's positive movement, but not below convergence price on 11/13. I am NOT a financial advisor. I have been studying charts over 10 years and have worked for one of the top 5 banks in the USA in Operational Executive capacity. This is just my educated opinion. I really appreciate any feedback or other points of view. Thank you to all in this great community here.
GEMINI:BTCUSDLong
by MoneyPatterns
Short-Term Pain / Long-Term GainStill long term bullish based on all shown in chart. Between $7400 and $8000 is good for accumulation with 1 year or greater time horizon (although we could see a double up pre-halving). We are going to grind along here for a month in my opinion. Bullish News -Galaxy Digital starting two Bitcoin funds in November 2019 with $25k minimum to open (incoming liquidity). -Bitcoin used to transfer 18,000 BTC ($143 Million) for $3.55. Banks charge between 1% and 0.4% for amounts this large. 1% of $143 Million = $1,430,000 not $3.55. -If BTC is not a “store of value” why is one wallet with only 3 recorded transactions holding $143 Million in cold storage off exchange? Answer – Because that person or entity is smart enough to save over $1 Million in transfer fees alone (at today’s rate). Sources www.coindesk.com beincrypto.com
BITFINEX:BTCUSDLong
by MoneyPatterns