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Grayscale

Bitcoin (BTC) • Not looking bullish as you may thinkGet some popcorn and watch my subjective interpretation on why current price action is not looking good at all despite the ongoing mark up. Some talking points include: • Volumes • Monthly and Quarterly Charts • Orderbooks and order clusters • Grayscale Premiums • BAKKT and CME Futures basis premiums • Options Put/Call open interest distribution and expectation • Funding Rates, Open Interest and Liquidations
COINBASE:BTCUSD
by D7R
42
Ethereum Forcast for year end 2021 $14,000Ethereum price forecast has target of $14,000 by 10th of January 2022 / December 2021. With the Bear Market starting in spring of 2022 after the blow off top in December of 2021/January 2022. Bear market should be ending in end of 2023 with a bear market low target in 2023 of $800 to $1,000 with total possible low of$500 to $800. I personally target $800 to $1,000 as the bear market bottom for 2023. Considering all of the bullish upgrades it is reasonable to assume that price can repeat or come close to the historical returns from the last bull period in 2018. A $14,000 Ethereum would be + 350 % over the mid bull top set at $4,200 USD x 350% = $14,700 It can be noted that the bill market in 2018 produced slightly higher returns after its summer mid bull market correction and as you can see from this LOG chart of the price of Ethereum we are repeating history very closely so far !
KRAKEN:ETHUSDLong
by sky777666
2
BITCOIN 😱 Grayscale BTC Unlocking 💣Unfortunately, the Bitcoin Dominance reversing higher in my previous update means that investors are moving into safety... due to bearish conditions. Be mentally prepared if Bitcoin were to drop farther down to the $25,000 range. 😨 The Grayscale unlocking on July 17 has everyone spooked. Lots of Bitcoin will be released ($530M worth) to investors who are in massive profits. 🚨 I have a sense that traders are front-running supply hitting the market and are selling on any thrust upwards, which is why Bitcoin may be having a difficult time moving higher. www.bybt.com
COINBASE:BTCUSDShort
by ChartCinema
BTC head down#BTCUSD TA : you can see descending supports and resistances in daily chart, $BTC is near resistance and technically price should come down to touch the support. the yellow line is now supporting , a break down from this line can make the price head down toward $30k that is a Psychological support and then $26300 and $23500. The Grayscale Bitcoin Fund (GBTC) is due to release in excess of 40,000 BTC in the coming weeks, this having been subject to a six-month lock-up period. Opinions differ about its market impact. Some are concerned that selling pressure will increase (only to then become practically zero after the unlockings are over), while others argue that spot markets will be broadly unaffected. Sunday, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.
INDEX:BTCUSDShort
by parissap
BTC 1D - Short term bullish? Bitcoin is gaining mass adoption. Besides El Salvador, other countries are sure to follow, moving further and further away from the inflationary USD dollar that is causing turbulent economic swings in many emerging markets. It is also important to pay attention to Bitcoin's little brother, Ethereum, which is about to release its London Update. If the London Update is successful in mid-July, I expect Ethereum to pull its big brother along and together they will correct and drastically lift market sentiment again. And people who talk about a 5k bitcoin or 10k bitcoin, please do me a favour and be honest with yourselves. Even the huge short sums on Bitfinex could not break through the 30k support. The 30k is not just a huge support line but also a demand zone on weekly. And there has never been such a short bull run!!! We're just in the middle of it! Don't fall for the banks, JPmorgan or Warren Buffet. We might dip at mid july below the 30k for a short amount of time (read more below why!) China redistribution, more decentralisation!!! More and more countries are making the US dollar vulnerable because they do not recognise it as the only currency! In the short term, Grayscale's big unlocking in July alone would be bearish if accredited investors seek to offset some of their losses (realized after selling their GBTC shares) by selling BTC on the spot markets, but after the bulk of them are over theres like... 0 spot btc sellers left right? This is just my opinion, it may be wrong. This is not an investment recommendation to buy or sell bitcoin/crypto.
BITSTAMP:BTCUSD
by Lobotto
2
Grayscale ETHE New High TargetsQuick update on the Grayscale ETHE chart looking at the daily time frame we can see that the price just broke out after the 3rd touch last week and looks like its headed towards the pre-split bottom at $28 - $31. I haven't done an update on this ETF since the split at the end of the year and after the price 2nd touched this downtrend. From here, we saw the bounce off the monthly at $13.88 - $15.97 where this new bullish momentum started and looks like its going to carry the price to $30+ ETH is going to continue rising and this ETF should reflect that in the next weeks and months to come. For my next price targets, the pre-split bottom at $31 was created last year after the price of ETH bottomed out in the summer. This level just like Tesla respected its levels pre-split going into post, will hit to a Tee and be respected.
ELong
by kyer
2
Cubbish Pressure BuildingShort bias still present. Evaluating the Elliott sequence this morning. It's clear to see we are in a Monthly 3 move up. So Bullish bigger picture. However, we have now had a daily 5 push-up. (see previous posts). This 5 wave completes a weekly 3 drive. In the world of Wyckoff, the UTAD creation on a distribution schematic daily. All of this coupled with last night's COT release. See more technical analysis & details in the related ideas below; Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDShort
by Mayfair_Ventures
8
LINK/BTC - major move ahead | falling wedge close to breakoutLINK/BTC is moving closer to the tip of a big falling wedge which formed over the past two months which meant it under-performed against most bulls expectations and ranged between 26$-32$ during most of that time which made for a frustrating experience for bulls while the rest of the market boomed. Now the falling wedge is nearly completed and the closer it moves to the tip the more likely and volatile the breakout becomes. 47k / the mid-40k sats range has acted as strong support so far as it was prior resistance of the previous low which formed between December and January. We can see bullish RSI divergence on most time frames since the low on the 15th of march and if LINK manages to bounce from here it will also have formed a double bottom. There is still the possibility of it dropping down into the 44-46k sats range to test the lower trend line and 0.786 fib-level again while keeping the setup intact so if you decide to use a stop loss keep that in mind and use it as a buying opportunity. Buy zone: 44k-52k / tip of the falling wedge or re-test of the upper trend line after breakout (see chart) Targets: 62-66k / 85k, targets higher than that will have to be evaluated once there's more info on the chart and I'll post an update if that happens Fundamentally Chainlink is one of the strongest projects on the market and every solid long-term portfolio should include at least a bit of LINK in it in my opinion. Chainlink is one of the 5 new coins included in Grayscale's Trust and compared to all the other coins they added which ran up to 50-100%+ since the news hit, LINK hasn't had a proper pump yet which makes me even more bullish for the future and confident that we're currently presented with a good buying opportunity. Best of luck and let me know what you think!
Long
by Wolfy_
2
Zcash/USD - Private, Promising and Persistant!Zcash was built on the original bitcoin codebase in 2016 and was created by professionals from a variety of institutions, for one: MIT scientist John Hopkins. Zcash is similar to many cryptocurrencies, the main difference being its privacy feature, in which Zcash transaction data ARE posted on the blockchain but AREN’T revealing of user’s wallet addresses. FA: - A common misconception about bitcoin is that it is anonymous, although criminals using bitcoin to transact may be slightly harder to trace, they are by no means untraceable. On Zcash “Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount.” - Zcash is one of the early privacy coins, gaining massive amounts of attention in the 2017/2018 bull run where investors tried to get Zcash back to its $30,000 all-time high price point. It still sits relatively high ranking just outside the top 50. - 21 million total supply with 11.5 million coins in circulation. The 21-million-coin supply is identical to that of bitcoin, a tested model that seems to be working perfectly as demand grows and supply diminishes. - Zcash also shares another major similarity. In November of 2020, Zcash undertook its first halving. A halving is when the available supply of coins that is getting mined out of each block is, as per the name: cut in half. This means that miners receive half the Zcash for the same amount of effort, over time this will lead to supply shortages and the demand stays the same or increases the price will surge. - Zcash is on Grayscale Investments, the most well-known investment fund that supports cryptocurrencies. Zcash was one of the first five cryptocurrencies added to the fund by Grayscale and still remains there amongst less than ten cryptocurrencies to this day. This is big news! For a massive company like Grayscale (with over $30.4 billion AUM) to have the confidence to hold Zcash on this trust shows us how the big money is thinking and proves to us that Zcash is not going anywhere. - The Electric Coin Company (creators of Zcash) seem to be focused on the product they provide rather than exchange listings and price etc. I see this as a positive thing in the long term due to the fact that there is much competition in the privacy coin space and in order for Zcash to stand out (not just in short term price, but when it comes to mass adoption) it is all about fundamentals. TA: - Erratic volume spikes, showing that people are still potentially upset with Zcash as it is still infamous for its unbelievable drop in 2016 and 2018 (where people thought it was going back to its 2016 ATH and were caught off guard). - Possible short-term fractal Identified. After the fractal plays out, we could see some continuation further towards the 2018 ATH. - Currently breaking above a two-year-long resistance point, no reason why we won’t see a successful break and R/S flip here especially with money following out of bitcoin and into altcoins and the total market cap gaining tens of millions daily. - Massive potential, with an ATH of over $30,000 (157x). Although it is impossible to guess as to whether it will return to this point, theoretically, if it’s been there before it could go there again. - On a smaller time, frame such as the four hourly, we can see that Zcash has entered an ascending channel. - A large amount of resistance before even the 2018 ATH, however the similarities to bitcoin, unlike some other privacy coins, might pull new bull market investors toward Zcash rather than rivals like Monero. And remember guys, the longer an asset is on the ground - the higher it will stand up! Buy Big Sell BIGGER -MegaWhale.
BINANCE:ZECUSDLong
by MegaWhale
7
i hate saying this but : i told ya...tip of the iceberg or end of correction ? everyone was saying 72k and it went 52k now everyone is saying 48K and it will be ... ? btc will surpirise you every second you are dealing with it . 48-49k is a very important area for btc . most companies and etf,s(tesla - musk - grayscale - jpmorgn) bought huge amount of btc near that area but pleeeeaaaase be aware that thier average buy price is somewhere around 28-30k and with thier power they can take all you have made since last couple of months (good news : march is about to end !) trade with caution
by pmehdipour13
Stellar XLM / Usdt - 4H✅ As You May Know , Stellar_Coin < XLM > is the 14th Place On Coins Market Cap .. ☑️ It Also make a Triangle Chart Pattern and After Breaking out of it and Transverse Motion for these days , I think Its ready To Start a New Rally .. ✅ Another Fundamental Point : Grayscale Investment Buy About 6 million units Of XLM For the past 30 days .. ⚠️SO , You Can Put It on Your watchlist .. ☑️ Thank You & be the One Who Catch The Profit 🤑 😉 BINANCE:XLMUSDT
Long
by shahabedalatian
Bitcoin: MA99+TL Break And Failed RetestPublished this idea yesterday where the second red arrow is, but it was hidden by a moderator and I was given a warning because it had a twitter link to a chart image in the description. Seems a bit harsh, but whatever. Reposting the idea exactly as it was but with the twitter link removed, for posterity. You can see what happened when there was a clear break of the Moving Average (99) and trend line support on February 21-22; it's the same setup now, and history often repeats itself. Under these circumstances, the risk/reward ratio for shorting is highly favorable. Personally, this is the only scenario where I would even consider shorting in an exuberant bull market. More importantly, sentiment has shifted to the negative side, which backs up the trade even more and makes it less likely to be a bear trap (always set a stop-loss; the placement should be obvious). Fundamental analysis always takes priority over technical analysis. Here are the key points to back up the negative sentiment at the moment: Coinbase under fire for shady trading practices; fined by the CFTC for self-trading. Coinbase delayed their direct listing; plan currently under review by the SEC. GBTC no longer trading at a premium; now at a discount. Bond yields keep rising. It's March. This is historically a bad month for the market. The pandemic is winding down as more and more people get vaccinated. If the pandemic sparked this wild bull market, what happens when it's over? The first three points are crucial. Coinbase is the go-to exchange for institutional inflow of capital in the US. It is supposed to be the holy grail of all exchanges, and now they've lost a great deal of trust. Any institutions on the fence will now think twice about entering this market. This spells trouble for the current price in the short to mid-term. GBTC trading at a discount indicates a lack of demand from institutions.
BITSTAMP:BTCUSDShort
by Nasgeth
2
LINK/BTC Bull Flag Breakout PT ~$65LINK's recent bullish news from Grayscale is creating a significant confluence of forces inside a bull flag structure. Once this structure breaks out to upside, it is headed to $65 and from there we could see continuation patterns to upside as institutions begin to take notice of one of the more fundamentally undervalued projects in the entire crypto space with the highest network adoption. Buying LINK here offers significant upside risk-adjusted returns that are unparalleled in the crypto space atm by any other project. Invest wisely and please do not use leverage as you will get rekt.
Long
by ich1baN
6
Grayscale Launches LINK Trust! $150 PT March Month-EndRaising my PT on LINK to $150 by March month end. Grayscale could not have timed this better considering that nearly everyone is receiving their $1400 stimulus check in the mail this week - this could lead to unprecedented demand from both the institutions who will now front-run Grayscale and from retail. This is the beginning of institutional demand for LINK - buying now offers you extreme upside before the large move ahead. LINK is the most fundamentally undervalued project in the crypto space. LINK is the MOST adopted and used project and yet its price doesn't reflect the network adoption... should be worth north of $300 today.
COINBASE:LINKUSDLong
by ich1baN
46
Bitcoin : $60,000 approaches, learn about the Bull PennantHello, just a really brief update for Bitcoin. If you saw my last idea it is progressing well and the Falling Wedge Pattern is still playing out to the upside. (Click below for a brief overview of why I think Fundamentally bitcoin is still bullish): This can also be considered a ugly version of a Bull Pennant Pattern which I will explain below. Bull Pennants are a little different to Bull Flags but are almost identical in appearance and are traded basically the same. The most important factor in identifying any flag or pennant pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags and Bull Pennants have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on this current example with ADA. The liqudity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long once the price confirms support back inside the pennant . Some key points: • PRICE MUST MOVE STRAIGHT UP BEFOREHAND • MIN 2 Touches each side on almost symmetrical looking wedge • HIGH SUCCESS RATE • BEST ENTRY IS often when price fakes out under support (Marked at A) • Pattern height is measured and added to swing low before breakout for possible target So while the price continues to move in this Pattern structure is is a great sign for Bitcoin to continue to increase in value here, It looks like as long as we stay above $40,000 region this has a good chance of playing out. Dont forget to hit like & leave your comments if you like the idea thank you traders!
Long
by Worth_The_Ri5k