Get started

GLXY

GLXY GALAXY DIGITAL HOLDINGS EW COUNTGLXY showing weak rally off the lows with BTC.D flexing its muscle and sucking the market cap out of alts to push higher. However, another alt pump may be approaching (or may have started). GLXY under $5.00 is good area to start accumulating (depending on your outlook on markets), under $4.00 is even better. Currently, favoring the count as wave (5) of ((3)) already ended and start of corrective ABC in progress with current pullback as a wave (ii) of the ABC. THIS can be wrong, and investors/traders should always take into considering the trade/markets can go against them. I do favor another leg higher before we retest the lows or even resume lower, with final target in that $12.00-$13.00 area (0.236 fib retracement, which should normally start at the beginning of wave 1, but with the small difference between the high and wave 2, I'd rather be modest and use a lower target approach as the wave 2 can also just be a wave B). Can compare previous 'lows' or local bottoms and see how GLXY moves at the lows. Can see the bear trap setup before pushing higher. I believe downside is limited here even if it breaks below current low (importance of DCA, risk management and stop loss).
TSX:GLXY
by CryptoHolix
Elliott Wave Analysis: Who Is Driving Bitcoin?Hello traders and investors! Today we want to show you who is potentially driving Bitcoin. Mike Novogratz's Crypto firm Galaxy Digital Holdings is just one of big investors who are responsible for the price of Bitcoin. As you can see, there's a nice positive correlation between GLXY and BTC and if we consider a big A-B-C correction from April highs, then wave C can be already in progress. We also have a nice bearish divergence, where BTC has reached new all time highs, while GLXY didn't, so if we consider that GLXY is trading in an A-B-C zig-zag correction, then BTC could be easily trading in an expanded flat correction. The main reason for more weakness in the upcoming days/weeks is current sharp decline back below channel support line that can send the price all the way back to July lows. Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
TSX:GLXYShort
by ew-forecast
7
$GLXY $BRPHF Unicorn in the makingWe can see $100k BTC in six weeks, followed by 30-40% correction and the biggest alt season ever. $GLXY $BRPHF is a powerhouse, an investment for the long-term, not a trade. Select Financial Highlights for the fourth quarter of 2020, ended December 31, 2020 "The Company expects to report Comprehensive Income1 for the quarter ended December 31, 2020 to exceed $325 million, representing a sequential quarter-over-quarter increase of over 650%."
TSX:GLXYLong
by Gao_Capital
1
Swing trade/Buy point For long termCurrent price for this stock looks like it will hit 16.00 after which it will break out in either direction because the fundamentals are good and the stock is undervalued (within it perspective industry) I speculate that it will have a bullish take off one hitting this level of support which happen to be a level on the Fibonacci. Also the RSI show that it still has some room to go down before it is oversold thus furthering my speculation. Feel free to give me your opinion, or add anything. Thanks
TSX:GLXYLong
by miguelholder87
1
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol? On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading. The RSI is displaying higher lows & higher highs since early December. The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
TSX:GLXY
by ScotianBot
1
Ascending Triangle breakout for GLXY?GLXY appears to have broken flush to the upside out of an Ascending Triangle, if there's a retracement in the near future it would be ideal if the horizontal blue line of the pattern turns into support. On the KST there's a noticeable bullish cross. Higher highs & higher lows on the RSI. GLXY is outperforming Bitcoin on a 1-year time frame by over 300%, but notice the close correlation on this chart between BTC & GLXY, BTC is the yellow line.
TSX:GLXY
by ScotianBot
Bitcoin (BTC): Using Galaxy Digital (GLXY) as an IndicatorAs you know, from time to time, we use other markets as a gauge for how Bitcoin (BTC) will do in the future. In this case, we wanted to use Galaxy Digital (GLXY). GLXY is the publicly traded stock of Mike Novogratz's crypto hedge fund. The shares trade in Toronto. We have been following developments in GLXY closely. As you can see on the chart, GLXY have back all of its 2019 gains and now sits back where it was nearly a year ago near $1.00. Some think that GLXY is a leading indicator of what will happen with Bitcoin (BTC). In other words, that crowd thinks Bitcoin (BTC) is going to either 6000 or 4000. We respect the logic behind this view. Our view is slightly different. We believe that the drop in GLXY is a selling climax. People have thrown in the towel on blockchain and crypto investments and took tax losses on positions. The decline in GLXY is occurring right as geopolitical developments are favoring crypto. The Chinese are nationally embracing blockchain, alts are rallying, and the Russians are talking about the demise of the Dollar. Bottom Line: We think GLXY and Bitcoin (BTC) are a buy near $1 and 8k, respectively. We believe a more significant rally in Bitcoin (BTC) is a 2020 phenomenon, but the GLXY chart gives up hope for near term stabilization. The fact that people are giving up on crypto at the end of 2019 could be very bullish in 2020.
GLong
by tokenmetrics
1
Galaxy Digital might gain some traction finally I have been following Galaxy Digital for a while and I think it is very interesting. The recent spike in price might indicate that it will finally gain some traction. The stock is too young to do decent TA on it IMO. Novogratz himself bought a lot of shares and has approx 70-80% of the holdings. Insiders buying share often indicate something good. -I am opening a long on this company, I will actually average in because the company has to prove itself worthy first. I consider this as a high risk/high reward trade. -The main reason is to diversify my crypto portfolio in some start up companies as an addition to only currency holdings. -I will invest 10% of my crypto portfolio in such start ups, Galaxy Digital being the first one. Don't pay attention to the ugly chart prior to 2018. Novogratz actually bought another company in other to get listed on the exchange and avoid an IPO. The price data prior to 2018 has nothing to do with this company.
GLong
by Mister_Anderson
1
Galaxy Digital Holdings Imminent Break OutI've followed this stock for a while now and have watched it move more or less in tan tum to the crypto market, however this correlation has since been broken as of mid April. It has fact traded downward to $2.07 CAD today meanwhile Bitcoin continues it's steady climb to over $9.7k, which represents nearly a 100% increase from mid-April. This is an very unusual divergence from a fundamental perspective. From a technical perspective it's trading in a tighten equilibrium on the weekly and very close to the 50 weekly MA support, which gives us a comfortable level to set stops. However given that this stock trades with not much liquidity it can occasionally wicks up and down, hence it might be better to put on a smaller position that you are comfortable with and hold til at least the next earning call or a breakout to the upside. If the latest earning results is any indication, expect Q2 to be significantly more profitable quarter than Q1.
GLong
by Coindicator
1