- GBTC has been actively traded before the spot Bitcoin ETF approval - GBTC opened slightly higher today with much more trading volume - High trading volume = $36.8 million, much higher than the average $7.3 million trading volume over the past 30 days - GBTC is currently at a strong resistance target, which is concerning that the ETF approved as the price is...
Introduction: Exciting news has hit the cryptocurrency market as Grayscale Investments, the renowned digital asset management firm, has successfully won over the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). This groundbreaking development has sent shockwaves through the industry, and traders now find themselves at the cusp of...
GBTC is an exchange traded fund that tracks the movement of Bitcoin. It trades like a stock, so GBTC can be bought in any traditional brokerage account or IRA. You could also buy Bitcoin directly. Personally, I don’t trust a lot of the crypto brokers these days, so this feels like a safer option to me. But the results will be similar either way. Bitcoin has...
When it touched this trendline it rose by 400% the first time and 1000% the next. It also rose VERY fast. Pivitol point which could mark the bottom in BTC. Send it.
Ya I don't think so, this probably marks another major bottom for crypto.
i 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
GUESS WHAT WILL PRINT AS A MONTHLY CANDLE ON GBTC!! THAT'S RIGHT, A BEAUTIFUL BULLISH ENGULFING CANDLE RIGHT ON THE 61.8% FIB RETRACEMENT........ TARGETS ARE $90, $120 WITH A PEAK @ $150 POSSIBLY THIS YEAR!
Buy it up and enjoy the ride soon, you're also going to want Bitcoin miner stocks like Riot, Can, SOS, EBON and MARA, they all look close to bottoming.
Don't let the permabears mess you up, it's still looking great, load up now where the fear is at the March 2020 lows and November 2018 3k lows. Clap with me! Fear this extreme doesn't happen near tops!!!
Clean reset on SOPR and GBTC premiums, huge support established just over $29k, exodus of supply leaving exchanges, HUGE corporate and institutional buying (and new interests to buy), very healthy on-chain metrics, elon, the list goes on and on and on...
Grayscale Bitcoin Trust Market Breakdown Week of June 16th Been a while since I've updated my chart on this Since then made a few plays on my TD ameritrade account, bought along this accumulation zone at 10.82, sold at 12.1 (June 2) Bought 10.15, sold 10.82 (June 15) So obviously now if you read my recent posts, I am currently not in any positions and...
Target $9.85 for now but should go much much higher eventually!
Long story short, I expect us to make it all the way up to $8,600 based on the current Adam and Eve pattern, along with building bullish strength in the price action and volumes levels. The price target is right at the upper end of a few of the upper price channels over the last 6 month, and right before we hit strong short term resistance. I plan on taking...
GBTC confirming BTC chart bullish reversal coming soon. RSI is low, almost at 30 where it always pops shortly thereafter. Fisher Transform ready to flip, same as BTC chart. Filter Dots show bearish trend is exhausted and ready to flip bullish, same as BTC chart. Gaps Only down gap to fill (red box) is cut off by log support line which has over 20 points of...
Based on my technical analysis we are in a loading zone until December 1st or price crosses Gaussian Channel midline. I consider anywhere from $7900 to $8600 an excellent long entry point. If RSI goes to anywhere around 30 on the Daily, this is a excellent buy point given our current price. The farther price gets away from Gaussian Channel midline, the stronger it...
From the "Same Chart Different Day" Series I've been posting. RSI stability from past charts holding from 11/8 until present (11/13 today). Despite lack of volume and sideways price movement, we see stability in price and RSI. To me, this indicates a turn or bigger move coming. BTC only trades sideways for long. Either whales are propping this up for a dump...