GBTC
GbtcThink this area may prove the godlvl btc opportunity of a generation tbh.
I doubt spot btc holds below 20k for more than wicks at this point, then a move to 50k would see this stock pushing aths.
Entirely possible as an echo bubble situation if btc stabilises above 20k here.
Price acceptance above 20k should see gbtc push up towards 20$ also
3AC liquidation event is a large funadmental fud event, coming directly after the celcius and luna fiascos, these kinds of high capital projects and funds capitulating will potentially prove the buy the fear/capitulation zone
12k btc after the cycle weve just seen is a crazy low buy opp and im just not sure spot btc will go that low, it could though i suppose at which point gbtc would probably be around 6k
Tough call rn but i was bullish longing the sub 20k zone and now its actually printed somrthing of a reversal pattern/ broken above some emas so idk, watching closely for more opportunities
GBTCGreyscale btc trust trading at 14k btc here
Went as low as 11k crazy stuff
This might be the god tier btc buy opp promised by the bear market, or it might be a sign of things to come, 13,14k is as low as i think it might go, just whether it goes there for spot purchases or just in these wierd trusts thar get devalued abit heavily
GBTC Bottom - This this time differentYa I don't think so, this probably marks another major bottom for crypto.
Bitcoin BTC Bottom is Behind Us - Magic Begin SoonCME futures have been significantly more reliable for trend reversal signals because they give multiplier impact to weekend/ off-hours moves.
this allows for more clean MA reversals
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proof-of-work chain as proof of what happened while they were gone.
The Bitcoin Bottom might be in for nowit could go lower in the future or it could go a lot higher, only time will tell
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Institutions entries and BTCMSTR GBTC BTC BWB
29k~32k range can represent a major support
Question:
Given macro and geopolitical conditions, would institutions snap-in at their entry range? Did they sold already?
if institutions already sold and don't want to re-buy at this range, we would go sub 28k.
I am sure inflation will stay longer, after this sudden deflationary event on assets, it is likely BTC stop to bleeding making a capitulation bottom.
GBTC Sub $15.00The head and shoulders on weekly only played out about halfway in January. Market sentiment and narrative are one thing, the $GBTC price is another. Here's to watching what's being done to get ahead of price action... and to not listening to what's being due to message latency.
50K Bitcoin Is Not As Crazy As You May ThinkIn April of 2011, Bitcoin went up over 500% in one month (see for yourself on the chart)
Given all the socio economic factors + on ramps + greyscale + DeFi it's just not that crazy anymore to think we get a $50,000 bitcoin price in 2020.
99 days to go. Don't Blink.
Bitcoin Bears Resist Upside Swings, $30K Yet PendingIts cool to see so many traders turn Bearish after realizing that Bitcoin is not ready for a major rise at this time. I know of no other analysts that called for Bitcoin to hit $35,000 before we did at the Digital Surf Trading Community. At this point, its quite obvious that $35,000 will not be low enough but unlike many investors, we avoided tremendous drops across the whole crypto market and continue to do so.
With Bitcoin presently in a huge, three-swing, zig-zag wave, (c) wave appears to be developing in the Contracting Diagonal form. Initially I thought that the Bears would loosen their grip around this time (Spring 2022) but based on more recent Price Action and numerous fail pump-attempts, the Bulls have have essentially extended the time that it may time to complete this pattern fully. What can we say? Bulls will be Bulls.
I've seen targets from $0 to more recently $35,000 as the bottom. Thankfully the use of Elliott Wave Theory give us pretty precise ranges as to where price is probable to go. Each Elliott Wave pattern has a specify set of guidelines, based on common fib levels and explicit price lengths. Though nothing is guaranteed and everything is subject to invalidation, I believe we at the DSTC have outlined what will prove to be a largely accurate depiction of forthcoming price action.
The totality of this wavemap has been constructed using the science of Elliott Wave Theory and Fibonacci levels.
Bitcoin potentially breaking its downtrend from November 2021#BTC is now above the Head & Shoulders trendline from November 2021.
This is now the 6th attempt the bulls have had to break the trendline which makes it quite important.
The Head & Shoulders Pattern can "Fail" once buyers reclaim the original trendline in which the price started to break down from, once price moves above this line many traders often start to increase buying positions to speculate that the momentum from the sellers which created the pattern is no longer the dominant force controlling the market.
The buyers need to hold the price above this area, for BTC to attempt a push to higher prices (namely the 45k and 51k areas of interest next) if this area doesn't hold it would be a pretty bad sign as this is the 6th attempt now, and a drop back towards the $30,000 area would be expected then.
See my idea below for another example and explanation of Pattern Failure of Head & Shoulders & Thank You
Revisiting BTCTime to start dusting down our BTC charts...
It's been a few since we've looked at this in great detail, time to dig deeper and pick out some key areas to start monitoring for doing business in
From a waves perspective, despite the retrace, Buyers are in full control with $218,000 now the next target in the crosshairs.
XBTUSD directional bias also has very important characteristics and implications for a retreat in US hegemony with further instability across democracies expected until we (the people) decisively level up our technologies, voting systems etc.
Eyeballing momentum for later this year as we advance into this new world via CBDCs. Grab what you can. Preemptive positioning and loading at current levels is the name of the game.
great bull week for btc looking to change the downtrendi couldnt be more bullish on btcusd i think its going to be a gap up weekend, and i dont imagine theres a better way than just holding GBTC. i love this instrument and i love the worlds largest, most popular cryptocurrency, bitcoin
Sell Signal for GBTCAfter the spectacular recovery rally that I perfectly predicted in my last post, it may now be time to short GBTC.
On the daily chart, we see a pattern of Lower Highs that signal further downside ahead.
We are far from oversold territory, and now in overbought regions.
The question is, will Bitcoin break the 42k and 39k supports?
If that happens, bear momentum increases.
Key Levels: Whether to Short Monday's Bounce or NoOn the chart, I have marked key levels of support and resistance , identified by multiple markers.
Three out of four years, BTC has declined in February and March.
There is therefore a 75% chance that although we have already seen a 50% retracement , we may see further downside in BTC this late winter and early spring .
Key levels to watch are the 30k level of support followed by 38k of resistance.
JP Morgan has predicted BTC to be around 38k mid-term due to worsening economic conditions. Any point above 38k is a rational point to sell GTBC.
BTCUSD: 50W MA Says Bear Market May Be UnderwayHey All!
The market seems to be stuck in a weird spot!
Using past data and history, i found a shocking similarity between now and the end of the other 2 bull runs.
Put simply:
Price tops.
Price drops down to 50W MA.
Price bounces off 50W MA.
Price falls back down to 50W MA.
Price breaks 50W MA and tests it as resistance.
Bear market begins.
The ONLY difference now, is after BTC bounced off the 50W MA the first time, it made a slightly higher high than in the past two bull runs.
Besides that, using this logic, BTC is currently in a bear market.
Using major support levels, 38k MUST HOLD or theres much higher chance it is bear market (Using TA).
As always, this is not financial advice, just simply sharing my opinion for entertainment!
Please comment and like!
Thank you!
What does GBTC tell us?From my perspective it tells us that Bitcoin did not make a significant new ATH in November. Together with the low volume it looks artificial since June.
GBTC completed the H&SAs BTCUSD is still waiting to confirm on HS pattern, we can see that GBTC has closed under it already. IMO, this is still the beginning of the bear market.
btc breaking bull (gbtc)good time to get in on btcusd as macd/rsi and fib retracement all suggest it is oversold and rising on 15 minute timeframe
probably nothing...Sellers have given up the pivot, and after clearing FED, buyers are eyeballing pressure towards $46, $49 and $58 above.
A more solid representation is our long-term chart in BTC, but GBTC is also playable.
With sellers showing a lack of necessary tenacity, and buyers starting to make themselves felt. The threat now is immediately on a +35% rally, to e.g $46 and $49 soft resistance, and finally $58 highs. The enormous strategic significance of tapering explains why Powell has been so fleeting. Politicians have created a whore house via covid, we are now going to see the slippery slope play out in monetary policy.
GBTC (Grayscal Bitcoin Trust) - December 21Hello?
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(GBTC 1W chart)
If the price holds above the 24.0 point, it is expected to create a new wave.
The 30.22-33.34 section is an important support section and you need to make sure it can be supported.
If it falls below the 24.0 point, it could fall near the 12.69-15.13 section, so you need to trade with caution.
(1D chart)
We need to find support at the 30.22-33.34 zone and see if we can move along the uptrend line.
Accordingly, the volatility period is around January 6th.
It needs to move above the 38.71 point to turn into a short-term uptrend.
It should move above the 44.88 point to accelerate the uptrend.
If it moves down from the uptrend line (1), it is likely touching the uptrend line (2), so you need to think about how to respond.
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(XBTUSD 1M Chart) - Big Trend
All patterns and waves can be known when they are completed, so it is best to conduct a trade that matches your average unit price rather than a trade based on prediction.
Looking at the big picture, I think 4-5 waves are going on.
Depending on how you interpret section A, the wave may be different.
Likewise, you need to be more careful in your trading, because the parts that have not yet been created may have the same flow as section A.
The expected ascent section is near the 80574.0-83397.0 section.
This is an expected value considering the fluctuation range that has risen from the 1st section to the 2nd section.
There are two large resistance intervals to move up to the expected level.
The two large resistance sections are sections a and b.
If it fails to break through section a upward, I think it can represent the same flow as section A.
If it rises above the 72104.0 point with this rise, it is expected that it will not fall below the 26K-29K section (maximum 21K section) even if a downtrend continues.
If the 38K section is touched, it is expected to lead to a sharp rise.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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