Grayscale
$BTC at a deciding point!Possible Ascending triangle setup on BTC that can lead us to the 5th touch of a falling wedge.
If the falling wedge breaks up we can reject the ADAM and EVE pattern on the 4HR (See below)
Otherwise 8500 is the level to watch for down breakout of that adam & eve.
If we do continue up here it could be the confirmation of a higher low, BTC has bearish signs but the uptrend is still there so if we have a significant bounce from here its quite positive for the bulls.
BTC's moment of truthHi guys!
Please like the post and follow me if you find my post useful! Much appreciated
Halving is just a few weeks away. The whole narrative about halving being BTC's watershed, a major turning point that would propel the next BTC bull run, has investors and traders anxiously waiting for the day of reckoning to arrive. Will it arrive on time or will it arrive late? Will it even arrive at all? Can the current consolidation and sideway movement be interpreted as the slow build-up toward the explosive price movement?
Derivative market has been quiet and sending out mixed signals, with big three (Bitmex, Okex and Binance) all seeing increase in OI, but decline in volume.
There are some good news on the institutional side.
According to glassnode, the number of Bitcoin whales with at least 1,000 BTC to their name is now higher than at any point in the past two years.
Both Grayscale Bitcoin trust and Grayscale Ethereum trust experienced record quarterly inflows of $388.9 million and $110.0 million, respectively, according to the most recent Grayscale report. In addition, 88% of investment in Q1 came from institutional investors, dominated by hedge funds, further signaling the increased institutional demand.
Perhaps, coincidentally, last BTC bull run that started in Nov. 2015 was also initiated by the same low volatility market condition that BTC is experiencing now.
Lastly, one can simply never overlook the power of the recent tether issuance.
To me, the best long opportunity is 5.8k to 6.5k if the price gets there.
This will be the first economic downturn in Bitcoin's history and how Bitcoin handles it will have the profound impact on the investor's perception of its scarce digital gold status. Some may say that it will forever just be the speculative asset and some may even argue that it will go to zero and that its whole 11 years of existence is just one gigantic bubble. Whatever the case may be, it will not be a quiet affair.
this drop was expectedthis drop was expected. the bottom could be around 4450.
use BLX in log and use the YOPE
bottom out at every halving.
Grayscale bitcoin ( $GBTC 1D) still bullish ?A lot can be said from the chart but this is just an update. Made a Thursday, not the most important trading day of the week.
Friday will guide weekly close.
Stochastic print a slight bullish div + crossing up from the lower region.
RSI making a reversal patern should now trend upward.
weekly close still at play.
cutesy reversing diamond. Lower timeframe should give a better view of what happen that lead to the trend change but I won't get into it here.
Daily close above the 200-day EMA. (blue one)
To me all of this is bullish short term.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on Tradingview
Disclaimer : This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
Grayscale BTC Update - Another 40% Move UpQuick update since my last Grayscale Bitcoin Trust analysis, that move played out for a 40% gain. If you got perfect entry along the monthly support at $8.35 you're up a chillin 53% if you sold at the sell target.
Anyways, the 'golden cross' is about to happen on GBTC as well as the price of Bitcoin looks fundamentally and technically bullish, this Grayscale BTC is about to soar.
The move up to 17.25 was hit in May of last year when Bitcoin spiked up to $14,000. This is very doable again, and I'm holding this stock until the sell target is hit at $17.25
I sold at $13 and re-entered along the $12.57 level. Perfect entry this time.
As always please do your own research, I am not a financial advisor.
Grayscale Ethereum ETHE - Up 280% YTDTaking a look at the Grayscale Ethereum Trust, ETHE, I'm seeing that this has already gained over 280% as the institutional investors keep stockpiling their ethereum.
Ethereum hit $1400 based off pure speculation with little to no actual adoption, now we have at least 100x the news we did in 2017. I'm pretty sure Ethereum can make it to at least $365.
Perfect entry is off the monthly support at $79, and as always I take every trade that I post on TradingView. So I'm in this trade I entered right above the monthly in fear that my trade wouldn't have been hit. Kyer entry at $81.5, already up 15% on the day.
Target is $120 for a 50% gain. All signs are pointing up, these coins are in the start of a bull market. There is no bearish sentiment anymore, people want to make money and the bears have been dancing circles around the bulls for far too long.
As always please do your own research, I am not a financial advisor.
Grayscale Bitcoin Trust - 4H AnalysisHey traders, doing something a little bit different than the typical crypto post, today we're looking at Grayscale Bitcoin.
For those of you in the traditional stock market and see the impending doom of stocks, GBTC is perfect for you. GBTC mimics the price of BTC and is backed fully by the price of Bitcoin.
Every share of GBTC = 0.00097 BTC
ex. 1000 shares = 0.97 BTC
I don't think I need to go too much into analysis, as I update you guys frequently on the actual price of Bitcoin, but the price looks like a great entry at the moment, I don't expect Bitcoin to drop any lower than where we're at now.
1st Sell Target should be set at 12.3666 for a 44% gain
2nd Sell Target should be set at 17.25 for a 40% gain
BTC broke out of the summer downtrend that started at the swing-high peak of 14,000 in this case 17.25. The charts between BTC and GBTC are almost identical and very easy to read. Expect accumulation for the rest of the year, opening the doors for a huge move in the new decade.
As always please do your own research, I am not a financial advisor.
$GBTC Strong Buy Signal: 21 Week MAStrong buy signal showing up on $GBTC. Price touched the 21 week MA and looking for a bounce.
Elliott Wave: entering wave 3.
T1: $33
T2: $50s
T3: $60s
Gbtc printed an encouraging patternDecline of around 90%
Leg and foot pattern that stopped the fall
Large bump and run formation after the bottom
Rounded bottom
Golden cross of the daily Smmas
Could correct from here to around the 9-10$ level, but ofc it will mainly depends on the next Bitcoin moves
Institutionnal interest is well present in that space as this chart is showing
Really encouraging so far
BTC – institutions are coming in (beyond tech analysis)Hi Guys!
We were wondering lately whether institutions are coming into the crypto market or not.
Well, we started off with Grayscale as it is one the biggest fund which offers crypto financial products.
Only on this asset ( Gray Scale Bitcoin Trust - OTC) they have nearly $900M under management .
In other words, if institutions want to buy BTC they don’t have to buy it by themselves .
They can go to Grayscale and buy shares of BTC.
Then they don’t have to worry about hackers, private keys, wallets and so on .
They are charged 2% yearly fee which is in our opinion not much.
This is a safe and convenient solution .
So institutions are flooding in .
When we compare the latest price movement of BTC and GBTC (Grayscale) we can clearly see the price difference is massive .
We compared price gains on those 2 assets and we can clearly see that institutions had pumped the price 40% higher .
This means the interest is right now massive and we should see the price alignment on BTC soon .
This is awesome news.
We can expect another squeeze on the BTC price soon .
Of course, before that, we can have a small correction but after that the only direction is north .
Don’t you think?
Please comment down below.
Thank you for your time and read.
Hugs!
WBM Team
$GBTC #Bitcoin Trust should hit $5.70 to $5.95 during sessionAssuming that BTCUSD continues to consolidate around $4800 GBTC should go above 5.70 and as high as 5.95. If the price were to rise during the session, even by $100, I would not be surprised to see the price hit as high as $6.00 .
Bottoming, consolidation of $GBTC premium #Bitcoin $BTCUSD $BTCAs shown in the chart, the premium paid for GBTC over BTCUSD is consolidating around 14%.
Entry points are to be found optimally when the GBTC premium is below 14%. Of course one must first take into consideration the price and technical indicators of Bitcoin itself.
The premium may also be construed as a Fear and Greed Indicator measuring optimism and pessimism in US stock markets regarding the future price of Bitcoin. If BTCUSD continues to rise over the long weekend we may see the premium paid for GBTC over BTCUSD break out of the consolidation pattern to the upside causing GBTC to rise at a higher percentage then BTCUSD as it often does.
If GBTC is purchased at a high premium the % drop is also higher on average. As previously stated, entry points are to be found optimally when the GBTC premium is below 14% at the moment, sometimes this does not occur for months at a time when BTC in a prolonged uptrend however.
If a Bitcoin ETF that tracks the price more accurately were to be launched the premium would likely collapse as the launch date approaches. It is also likely however that BTCUSD would rise in anticipation of such a launch making up for the diminishing premium.
XLM is pressurized and should blow any day now-ZOOM OUT and lookRSI-Bullish div since Dec 18
Bullish divergence of Fundamentals/Price with IBM partnership, Grayscale etc
Expecting it to do what it's always done when reaching the bottom of this long-term channel...got back to the top at the very least.
BTC-ETC Ethereum Classic - Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2016 ( 6 / 10 )
Volume 24 H : 30000 BTC ( 8 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **16 ( 9 / 10 )
Website ( 7 / 10 )
Type Blockchain with SmartContracts
Overall ( 8 /10 )
One of the most stable coins since this bear market- Holding satoshi value.
One of the 6 coins on Coinbase,
It has to break the downtrend-line to move ahead!
Easily 2x for it.
Barry Silbert & Grayscale Investments & Coinbase will pump this coin sooner or later! If you want to create your long term investment, This level is great to start it. I am holding a big bag of ETC,
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
BTC VS GBTCSorry to offend the hardcore decentralized crypto-traders but, the capitalist pig in me wonders if GBTC is worth the added premium? One share of GBTC represents 0.09196847 BTC ($1005.21 at current spot price). Current Price of GBTC at this time is $1665. (a 65.67% premium to BTC). This chart showing the BTC return and GBTC returns from 08/20/2017. BTC is up 162% and GBTC is up 136% (a 26% difference) Is the convenience of buying GBTC in your brokerage account or IRA investment account (on a regulated exchange) worth the cost of entry opposed to putting your trust in Gemini, Coinbase, etc.? Is owning the pure BTC the best play for the long term even though institutional money is stampeding into the crypto space.
ZECBTCPOLONIEX:ZECBTC needs some more juice (volume) to make a go for it.
But with Barry launching a grayscale trustfund this quater, things look good if it doesn't break that support
