BRPHF trade ideas
$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%."
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
GAlaxy Digital VS Bitcoin. Sideways is UP!Since this is BRPHF vs BTC (divided by) then if this goes sideways it is going up in USD. If it breaks out, look out! I think it is best to have a bit of this.
Galaxy Digital Holdings Ltd. is a multi-service merchant bank dedicated to the digital assets and blockchain technology industry. It operates through the following business lines: Trading, Asset Management, Principal Investment and Advisory. The Trading business covers arbitrage, macro, and market making. The Asset Management business manages external capital across passive and ecosystem funds. The Principal Investment business includes private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies. The Advisory business includes capital markets, mergers and acquisitions, restructuring, and technical consulting services to both start-ups and established institutions. The company was founded by Michael Edward Novogratz on July 31, 2018 and is headquartered in New York, NY.
GLXY digital has had a good drop!I'm not promoting this one long or short. I'm simply pointing out a favorite of mine has dropped right into 2 week support today. GLXY digital holdings. Might want to consider this one!
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.
Hidden Bullish Divergence confirmed on the RSI + EMAHidden Bullish Divergence confirmed on the RSI + EMA
Stoch may potentially hit the trend line and allow for the 14 3 to point back up
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.
inverse head and shouldersSome good momentum in the crypto universe and we can see decreasing selling volume when comparing each low indicating a good chance fo the ihns to break up
GLXY LONG 20/08/2020Strong Momentum should keep this one going. Has low liquidity - will move fast when it does.
GALAXY DIGITAL STRONG BUY MACD broke out of falling wedge, rising accumulation underneath since June, bullish continuation next Target $5.50.
Galaxy Digital - Mike Novogratz's Investment BankThis is totally a play that would possibly give one exposure to crypto, but would definitely be a long hold. Galaxy Digital is a crypto merchant bank from what I understand. Mike recently bought up a whole bunch of shares of his own company, we can see that pop a few days back. Could be a good momentum play if we can reach up and get through the Ichimoku cloud with some volume. Could be a good time to accumulate at a really low price.
