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GBTC

Quick Bitcoin "Spot ETF" Comparison ($BTC.X $MSTR $GBTC $BITO)Still as expected. NASDAQ:MSTR is a bit of a leveraged play... $BITO (so far) is still working out as the most pure spot play... and $GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement? In my opinion, BITO is probably the smart choice for tax advantaged IRAs etc. Otherwise, just buy and hodl the actual coins in your cold wallet. Will revisit down the road. Good luck!
COINBASE:BTCUSDLong
by gr-
BTC 🔵 or 🔴 ?Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear. PS: Hover over the BIZ circle and you will find a treasure! Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
3
BTC trendlines to watchPlease 1st of all smash the boost 🚀 button to support my work if you like it! It's absolutely for free. I would expect ₿itcoin to move between the lines inside the rising wedge at least for a while. The wedge upper edge should act as dynamic resistance, while the lower edge should act as dynamic support. Let see how it goes... 🍿 Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
BITSTAMP:BTCUSD
by bizmark
10
Greyscale GBTC - After 1 Year (Update)Today you can review the technical analysis idea on a 1M linear scale chart for Grayscale Bitcoin Trust (GBTC). GBTC has been falling significantly and it does not look good for the firm. Though they hold a significant amount of BTC, the discount is close to 50% and climbing resulting in the value of the Bitcoin held under $10,000 in the trust. This is a mega concern! My first warning on GBTC was on NOVEMBER 16, 2021 when the price was near $50. It has lost close to 85% of the value since my warning. Now I am concerned that the price will continue to go lower, possibly even back down to under $2 where it was trading in 2017. There is a possible support near $5 but if that breaks, it will be really concerning. Be careful! If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
G
by MillionaireEconomics
6
GBTC versus BTCUSD (Bitcoin)(1) 🔬 Dividing the GBTC price by the BTCUSD price, we have this chart in a downtrend. This indicates that GBTC has underperformed Bitcoin. 🟢 The price spent most of the time in the green rectangle, threatening to break out several times. In March 2021, GBTC broke out of this rectangle. 🟣 Projecting this rectangle downwards, in a new purple rectangle, we have a possible target, which culminates exactly in Fibonacci prediction 2. Price is currently in the middle of the rectangle, testing the 1.516 forecast. 🐂 For a bullish reversal to materialize, price needs to break out of the exponential 55-period Bollinger Bands' bear channel: (2) 🆚 Bitcoin's MarketCap vs GBTC's MarketCap 📈 MarketCap of Bitcoin: 📈 MarketCap of GBTC: 🧮 If we divide the GBTC marketcap by the Bitcoin marketcap, we have a percentage of 1.95%. 🤔 Question: In the worst case scenario, if GBTC and Genesis go bankrupt, and if Grayscale sells all the Bitcoins it claims to have, what would be the impact on the price of Bitcoin? (3) 📈 GBTC price On the diagonal Fibonacci channel, the price touched the -0.5 retracement. ❓ Question 1: On the vertical Fibonacci retracement, will price test the 0.618 retracement at $7.06, stretching wave 5? ❓ Question 2: Or will the price go even deeper, hitting the 0.5 retracement at $3.68? 🐻‍❄️ If this happens, the DMI SMI oscillator could indicate a key moment rarely reached (see green circles).
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by andre_007
November 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.91% over the last 24 hours and rose to an intraday high of $16,294.00. The largest cryptocurrency rebounded above the $16,000 price level today, but there is no clear signal that the price has reached the bottom. The liquidity issue of Digital Currency Group and Genesis Trading remains unresolved, investors need to maintain a risk-off stance against the potential bankruptcy of Genesis Trading. However, if Digital Currency Group and Genesis Trading solve their liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500. Today’s Cryptocurrency Headline Ark Invest is Buying Millions of GBTC Shares Cathie Wood's Ark Investment Management is buying millions of dollars in GBTC stock. Ark Invest Management bought more than $1.4 million worth of GBTC stock on Monday and bought 315,259 GBTC shares worth $2.8 million last week. Ark currently holds nearly 6.357 million GBTC shares, accounting for 0.4% of the company's total investment. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
GBTC Grayscale Bitcoin Downward SupportI am providing four support areas for Grayscale Bitcoin Trust (GBTC) in the event that BTC starts to drop significantly. S4 meets the long term bottom trendline, which has the strongest support. I added in VPVR to show volume clusters. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
GShort
by MillionaireEconomics
2
$BTCUSD: Monthly view...Friendly reminder that the trend is down long term...Here's how the monthly chart looks in $BTCUSD as of right now. Unless this month's range is wiped out, you can expect continued downside for months to come with substantial certainty. Don't fight the trend, remember what Old Turkey would say: well, it's a bear market after all. So much filth is gradually being exposed, and a lot more dominoes will fall into place if we continue falling: Miner capitulation: no sign of abating, will accelerate below 14200 (see all earning reports for publicly traded mining firms, all at risk due to being leveraged long $BTCUSD with $BTCUSD / ASIC collateral pretty much. Tough time to service debt with higher rates, and less availability of credit. (rising credit spreads) They might be forced to puke out of their Bitcoin positions at whatever price... Saylor at risk below 13500: $MSTR might be at risk of collapsing the lower we go, which charts suggest we will, can cause a flood of supply hitting the market, same as miners selling or worse. Mt Gox repaying creditors? Contgion is the name of the game: 3AC, Terra, FTX, BlockFi, Genesis... Silvergate next? Tons of bad credit and leverage built into the system are gradually being unwind, nowhere near done. Regulatory risk increasing by the hour. Stablecoins at risk as well...Talk of CBDCs accelerating, which might or might not matter much, but worth monitoring. What am I missing? Feel free to comment with interesting bits and pieces of info so that we can complete the puzzle here. It's in flux but the trend is clearly not positive for crypto here. Best of luck! Ivan Labrie.
COINBASE:BTCUSDShort
by IvanLabrie
10
Bitcoin 500k Cycle Fixed (LUNA Leverage) + Bitcoin Mining Stocks ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look how cheap well managed Bitcoin mining companies are with balances they never had to sell, this is especially something that can create leverage plays on top of Bitcoins price, the collapse and bankruptcy of the other Bitcoin miners might have just marked the short term Bottom. ------------------------------------------------------------------------------------------ HIVE Blockchain -87.03% Change (1 year) Market cap: $0.23 Billion (USD) 30 Sep 2020 | 55.1 P/E Ratio 5 Nov 2022 | 4.41 P/E Ratio ------------------------------------------------------------------------------------------ Hut 8 Mining -85.24% Change (1 year) Market cap: $0.42 Billion (USD) 31 March 2020 | 38.8 P/E Ratio 5 Nov 2022 | -17 P/E Ratio ------------------------------------------------------------------------------------------ Riot Blockchain -82.30% Change (1 year) Market cap: $0.96 Billion (USD) 30 Sep 2021 | 233.6 P/E Ratio 5 Nov 2022 | -2.6 P/E Ratio ------------------------------------------------------------------------------------------ Grayscale Bitcoin Trust -74.93% Change (1 year) Market cap: $2.15 Billion 3 Nov 2022 -36.29% Discount/Premium to NAV ------------------------------------------------------------------------------------------ This just covers same basics of my research would need videos to properly present it, take a look around at these unheard of discounts that leverage on top of the BTC price hell you could even purchase LEAPS on most of the mining companies. Meanwhile in Narnia land people are searching for Alt coins to make returns you could easily open your eyes and see the opportunities right in front of you here with extreme P/E discounts, but like always it will be the future around 2025 and obvious when these miners end up having market caps like Gold Miners these are almost a 100x Leverage play on Bitcoin hell you could even get it to 400x with calculated LEAPS. Talk about an opportunity this risk to reward just blows my mind (Disclaimer I do own and are actively collecting listed miners after heavily checking their financials I do believe they are three most well managed mining companies that exist right now)
BITSTAMP:BTCUSDLong
by UnknownUnicorn7947829
Market ideas for Friday - SPY, GOLD, USOIL BTC DXY WHEATOK so yesterday was not my best day. There are still some signs of a reversal possible but unless spy gets over 390 in the next day or two, all rallies will be suspect. USOIL looks like a correction is over and we should go higher, Wheat correction is normal for the first leg up, it could test 8.14-8.00. Gold spiked through support but it doesn't mean anything just yet, esp if the dollar reverses soon. BTC holding it's support at 19500, under 19k would be problematic. Thanks very much for listening and good luck!
AMEX:SPY
by the_sunship
7
Blockchain Companies: Expectation vs RealityCryptocurrency bubble? When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality. It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow. The question is: to what extent has the market already priced in these negative results? Would there be more room to fall? Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area. I'm not optimistic about this data, unless there's something that only I didn't see. What is basic EPS? Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics. (TradingView) -------- Companies analyzed: Marathon Riot Blockchain Hut 8 Mining Coinbase Bitfarms BitNile CleanSpark Core Scientific Argo Blockchain Canaan Hive Blockchain Digital Bit Galaxy Digital BIT Mining Valour Ebang Greenidge Iren The Blockchain Group TeraWulf -------- ETFs analyzed: Proshares Bitcoin Strategy Grayscale Ethereum Trust Grayscale Bitcoin Trust
NASDAQ:MARAShort
by andre_007
Like, why would you buy #crypto now? $BitcoinI mean, if you want to make money, you just don't buy crypto. At least not right now. You can say whatever you like, but price never lies and this ratio is screaming the truth. OTC:GBTC / SP:SPX is clearly in a downtrend. At least it needs to breakout from that downward resistance line to even consider go looking for cryptos to buy. Sure, INDEX:BTCUSD just bounced from resistance $20.000, but if the SP:SPX is outperforming, isn't better just to own stocks? or just being in cash. This week's actions says it all, crypto needs more work to be done for me to get in. Is better to wait out this fight and get in when the dust settles and a new uptrend emerges.
GLong
by dpuleo19
Bitcoin Choppy Water Ahead BTC Crypto Privacy Season5,375,529 views Sep 12, 2018 The Agenda welcomes Pulitzer Prize-winning journalist Chris Hedges, who over the past decade and a half has made his name as a columnist, activist and author. He's been a vociferous public critic of presidents on both sides of the American political spectrum, and his latest book, 'America, the Farewell Tour,' is nothing short of a full-throated throttling of the political, social, and cultural state of his country. You may also want to watch Pulitzer Prize-winning reporter and New York Times columnist Nick Kristof discuss his latest book, "Tightrope: Americans Reaching for Hope." It examines a variety of issues, including unemployment, health care, substance-use disorder, and the prison system. He also talks about the challenges of bringing humanitarian stories forward, and his thoughts on the state of U.S. politics
BITSTAMP:BTCUSD
by noam_chom