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Greyscale

LTCN (Dip buy?) 18-20$ zonekicking myself i didnt keep one share at 2$ if youre like me and missed that opportunity. this might be your second best. previous resistance now acting as support. bullish divergence on rsi. increased volume on break of resistance and now low volume pull back back into that area to see if it is support. and so far so good. stops around 16 - 17.. ish. depends what your goal is. also a wide zone you could really go to 15. but depends if its a short term trade or longer term hold. longer term. no stops.
OTC:LTCNLong
by Jbridgez
Greyscale appears to be breaking out from cup & handle patternFresh off the heels of their victory against the SEC, it seems as though it is now very likely this breakout will be confirmed on this cup and handle pattern on the 1 day chart on the GBTC greyscale chart. We can see priceaction has already retested the rimline as solid support before the current big green impulse candle. Also a very nice bullish impulse on the volume candle as well for bullish confluence. *not financial advice*
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by DrDovetail
Greyscale GBTC - After 1 Year (Update)Today you can review the technical analysis idea on a 1M linear scale chart for Grayscale Bitcoin Trust (GBTC). GBTC has been falling significantly and it does not look good for the firm. Though they hold a significant amount of BTC, the discount is close to 50% and climbing resulting in the value of the Bitcoin held under $10,000 in the trust. This is a mega concern! My first warning on GBTC was on NOVEMBER 16, 2021 when the price was near $50. It has lost close to 85% of the value since my warning. Now I am concerned that the price will continue to go lower, possibly even back down to under $2 where it was trading in 2017. There is a possible support near $5 but if that breaks, it will be really concerning. Be careful! If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
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by MillionaireEconomics
6
Bitcoin Beary Bad -- Support at $13K Pending!Despite aggressive downside action from $68K, Bitcoin Bears are not yet done with their assault on Bullish traders. Based on price action, to include both confirmations and invalidations, it seems that Bitcoin is currently in a sideways push which could last for upwards of 3 weeks. I anticipate a drop test near $16K, also a pop test near $22K as price action ping pongs to rob more badly leveraged traders. Ultimately, Bitcoin should find its bottom support level between $13K-$15.5K. While I totally expected a drop even before 68K landed, I didn't think it would drop this far. Let's see how the movie pans out. Surf carefully; dont drown.
BITFINEX:BTCUSD
by DigitalSurfTrading
2
BTC daily chart classic bullish divergenceBTC daily zoomed in to take a look at the RSI as well as some key areas of support. The RSI is as oversold as it was 6 months ago, it could drop a bit more but lets see if it can get some buy pressure. I have listed the major areas of support as well as showing the RSI and DeMark 9 Inidcators. In order to really move up, we need HUGE buy volume candles or we could retest $17K range and even dip to $13k-$10K but if that happens, its going to wick and be bought up and it will rebound but thats only a possibility... regardless, im bullish for the next 10 months for sure!
BITSTAMP:BTCUSDLong
by bylerzone
2
Ethereum Classic's Fork LiftEthereum Classic (ETC) has had a great start to 2021 with the price rising 600% YTD. The hash rate of the ETC network has been rising steadily since the three year low as seen in early September last year. The Price has followed suit from the off in 2021. This has resulted in making the network more attractive to miners which in turn increases the security of the project. We went long on 07 February and are +373% in a little over two months. Ethereum Classic is a global, open-source blockchain platform for decentralized applications (DAPPS), powered by smart contracts and has its own native digital currency ie. ETC. Ethereum Classic is actually the original legacy chain of the Ethereum network. It emerged after a contentious hard fork on the Ethereum blockchain in July 2016 after a disagreement over reverting the blockchain to reverse a hacking. The hacking involved DAO or the decentralized autonomous organization, which had raised $150 million in an initial coin offering months earlier. Whereas ETC did not revert the chain, ETH followed another course. Both the coins support smart contracts, but ETH has taken a performance-based path in its 2.0 rollout as it moves to a Proof of Stake model. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Greyscale Investments, established by Digital Currency Group in 2013 have created 14 Digial Asset Trusts including one for Ethereum Classic. The ETC trust is now the third largest digital asset trust on Greyscale's books: tokenview.com Ethereum Classic has a circulating supply of 130 Million ETC coins and a max supply of 211 Million. Binance is currently most active market trading it. We spotted an opportunity in early February as a result of the rising hash rate which had been in evidence over the previous months and with the price having retraced 420% from its all time high, we decided to take the plunge. Today we see a 18% pullback in the price from its all time high set just 14 hours ago. After the recent rally, this pullback may see a few sniffer dogs arrive on the scene. Will you be one of them?
KRAKEN:ETCUSDLong
by rzinho
3
Bitcoin Holding Strong $30,000 SupportIt is nice to see Bitcoin flirting around the $30,000 support zone. This to me in a macro perspective is very healthy for Bitcoin as it indicates that this market is becoming more resilient. The more we trade through that zone the stronger the support becomes. We broke out of the symmetrical triangle, briefly traded at $28,800 and now we're back in the $32,000 range. We are still oversold on weekly and monthly on the Relative Strength Index (RSI) for Bitcoin. When price reaches these extreme levels, a reversal is always possible so always bear that in mind and be cautious. In a worse case scenario we go down to $20,000. But you also have digital asset managers such as Grayscale Investments heavily accumulating Bitcoin at these current prices so it's difficult to tell. However, The overall trend is still positive for Bitcoin. Cheers Everybody. Much Peace and Love.
COINBASE:BTCUSD
by peacefuljustin
3
Bitcoin on the pullback before the rip?Now I don't want to bore you with all my lines since I never remove atm for bitcoin. The reason I'm not removing my lines atm is because we havn't created anything special and pullbacks are very important to know when to buy. Atm bitcoin is topping out/sitting at a level that it has hit over 5 times and always resulted in a downward movement after hitting the high 19k peak in 2017/2018. News -Many major companies are looking at Eth to help build their business -GreyScale keeps growing investors, yet price has been pretty stable and showing similar chart patterns to Bitcoin, yet It is slightly undervalue compared too bitcoin. Ta Instead of giving you range crap and I'll just say if we can't break this trend we won't see a 14k high anytime soon. A pullback range is from 10.5k-9.5k due to vpvr levels looking at the daily. Its major pullback, but hey you in crypto which there isn't alot of money holding up the price compared to stocks and even gold. I read somewhere its only couple 100million dollars, which may seem like alot, yet that 100million dollars is spread out deep in order books. Final Thoughts Like before buying a sub 9k bitcoin was prime and we havn't gone under 9k yet. I am fearful we might get close if we have that 9.5k pullback, but again like before and every other bitcoin TA I do we will hit a new ATH next year if we get the COVID vaccine this fall or q1 next year. COVID has taken a turn on the market, yet the market keeps rising as money left the market and theres jsut no one holding prices down besides the common investors trying to make money while they sit at home. TDLR A pullback between 10.5k-9.5k should be added to your chart/notification
COINBASE:BTCUSDLong
by nathanielx9
5
Bitcoin- Fundamental analysisIn nutshells, BTC is short-term bearish and mid-term and long-term bullish The longer the BTC price stay away from 3.4k, the less likely the 3.4k will be revisited again. Three failed attempts at 10k have signaled the short-term bearish sentiment. Low volatility and volume in the past month could be the precursor to the big price movement. Fundamental factors- *After the halving on May 11th, the hash rate dropped more than 40%. Two days ago, Bitcoin difficulty lvl recorded its biggest change of +15% since January 2018. There was no sharp price decline after the halving as some have predicted. *2020 is the year in which Fed exercises unprecedented monetary stimulus. This week, Fed starts to buy privately-issued individual corporate bonds from primary broker. *Various surveys indicate millennials' trust in BTC increase as their trust in traditional banking decline. In addition, baby boomers are slowly warming up to BTC. *The # of Bitcoin whales, or addresses that hold at least 1,000 BTC, is reaching levels seen before the 2017 market euphoria *According to glassnode, # of addresses holding 0.1+ coins reached an ATH of 3,069,763.000 two days ago, which indicates the robust retail demand *Nearly 60% of total Bitcoin is dormant for at least a year, which might indicate the HODL sentiment that investors expect the BTC price to go up. *According to the historical data, Mayer multiple indicates that investor would achieve better results by accumulating bitcoin when the ratio is below 2.4. Currently, it stands at 1.13 *Between May 2019 and May 2020, the value of Grayscale’s Bitcoin investment trust surged 76% from $1.9 billion, indicating a strong institutional demand. Currently in choppy no trade zone. Scale in slowly between 8.5k-8.8k. Flip to shorts if price breaks down convincingly below 8k.
COINBASE:BTCUSD
by Libratus
5
$GBTC | Grayscale® Bitcoin Trust What Is the Grayscale Bitcoin Trust? The Grayscale Bitcoin Trust is a digital currency investment product that individual investors can buy and sell in their own brokerage accounts. On January 21, 2020, it became an SEC reporting company, registering its shares with the Commission and designating the Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC. This will allow accredited investors who purchased shares in the Trust’s private placement to have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months, according to SEC rules. More About the Grayscale Bitcoin Trust The Grayscale Investment Trust debuted as The Bitcoin Investment Trust on Sept. 25, 2013 as a private placement to accredited investors and, later on, received FINRA approval for eligible shares to trade publicly. This means that investors have access to buy and sell public shares of the Trust under the symbol GBTC. Grayscale Investments calls it a traditional investment vehicle with shares titled in the investor's name. Although the Trust is not an ETF itself, Grayscale says it's modeled on popular commodity investment products like the SPDR Gold Trust, a physically backed ETF. GBTC is traded publicly on the OTCQX, an over-the-counter market, under the Alternative Reporting Standard for companies not required to register with the Securities and Exchange Commission (SEC). Its success mirrors that of Bitcoin because its value is derived solely from that cryptocurrency. As of September 11, 2019, GBTC had approximately $2.16 billion in assets under management (AUM) and 2.4 million shares outstanding. The trust requires a minimum investment of $50,000 and charges an annual fee of 2.0 percent, which accrues daily, for accredited investors who wish to subscribe to the Trust as a private placement. On the other hand, investors are eligible to purchase as little as one share of the GBTC public quotation. Grayscale suggests that its management of the fund is worth more than the annual fee, and one of its major selling points is its security. Storing cryptocurrency safely is notoriously challenging, and the company assures investors that the Grayscale Bitcoin Trust's assets "are safeguarded by a robust security system that uses industry-leading security standards." As an investment vehicle which trades over-the-counter, GBTC is available for investors to buy and sell in the same way as virtually any U.S. security. As an example, GBTC can be traded through a brokerage firm, and it's also available within tax-advantaged accounts like IRAs or 401(k)s. Disadvantages of GBTC Andrew Left of Citron Research has publicly criticized the Grayscale Investment Trust, and Citron has tweeted that GBTC is the "most dangerous way to own Bitcoin." Possible disadvantages of investing in the Trust include paying high premiums along with the annual fee, along with the risk factors associated with the overall volatility in the cryptocurrency market, as well as with investments vehicles that aren't required to register with the SEC. Because the Trust is currently the only fund of its kind specifically for bitcoin, investors have been paying a high premium. In Sept. 2018, shares of GBTC traded at a high of $7.95, which was around 20% higher than the value of the bitcoin within the trust that each share represented at that time. Although that premium is significant, it’s lower than it has been in the past — GBTC has closed at prices more than two times the value of its underlying bitcoins. Grayscale offers that prices are dictated by the market and not by Grayscale itself, so price fluctuations may be a result of supply and demand. As of Oct. 2018, each share of GBTC represented less than 0.0001 bitcoin. That means it would take more than 1,000 shares of GBTC to own one bitcoin. GBTC saw a steady increase in 2017 and peaked at the end of the year. However, its performance in 2018 has fluctuated, and overall, GBTC has trended downward, with a nearly 65% year-to-date decline as of Oct. 2018. Steeper declines could mean that shares could lose most or all of their value. In 2019, as Bitcoin's price has generally trended upward, GBTC has followed.
GShort
by BlackMEX
3