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Be Patient BullsFollowing up to my post last week we are confirming the Double Top. We are seeing an increase in Bear Volume as we push downward after 2 months of Bull action. I've marked the support zone I'm targeting as I believe we may get a short term bounce into a bear pennant which will take us to the next leg down around $7k. That said, I'm going to start scaling in to accumulate in the mid $7k range. I like to keep things simple and not use 10 different tools. I use the EMA/MA along with Volume and RSI. I'll use Fib Retracement and draw flags but for the most part the less things on my screen, the easier it is to read. Scan out to the Weekly to get a better overview. I'm waiting for the Weekly Candle to hit the 25 EMA first which is around $81350 at the time of this post on Thursday 2:27 CST. Until then, be patient my bulls
BITSTAMP:BTCUSDShort
by tired_man_willis
Bitcoin and real chance to recovery #BUY PositionHey guys, I used several indicators and real facts, what's going on at the market right now. I used a daily chart to show you a full analysis of very popular cryptocurrency Bitcoin. Indicators, which are very useful and I really suggest you are Ichimoku clouds, Pivot numbers, where you can see real R1, R2, R3 and so on. My little chart story is about the impact of the COVID-19 and recovery process of this currency, which I'm expecting to become more popular! I suggest you BUY position and wait for the uptrend, where we have chance to hit 10,000 and more. If you like my analysis don't forget to put LIKE and you can see other descriptions on the chart. Thanks and GL
BITFINEX:BTCUSDLong
by KiriaTrader
$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
Daily Double TopThis is a follow-up to my post last week on the Weekly chart pre-halving. Now last week I said we'd get a dump on the Halving event, which we did with some good volume on the bears side. Bulls held and retested the previous highs with weak volume. Daily, imo, shows a Double Top. The weak bull volume and RSI are my red flags. If you swap it over to the Weekly you'll get an even better overall picture. As it stands, the Support level I'm looking at is around $7-6.8k (popular zone during the 2018 bear market) with $6k being the Bulls final stand. That said, anyone who's been in the game long enough knows what usually happens after the big dumps. I'm still holding my long term positions that I've accumulated in every dump and have some cash on the side ready to buy. Be patient and let the price come to you. Weekly Chart
BITSTAMP:BTCUSDShort
by tired_man_willis
1
Is BITCOIN about to jump? Take a look at these trendsIn an update from my last post, I have extended the trend line from my previous post. We can see that this recent run we have had is trading along with it. We should be seeing some movement as we break out of it. If we break the fib level, and a break past 10.2; we should be seeing a nice jump. On the other hand, the recent fibs we broke, are now support. These are also the levels we should see bitcoin target if it were to fall through. As you can see, bitcoin just had a dump, which took out a bunch of stop losses. It was able to recover partially and stay above the trend line. Our hope is that it trades sideways up this trend line, with an eventual breakout at the fib level, targetting the next fib level. If you like what you see, make sure to like this post and follow me, so you can see if this prediction ends up being correct.
BITSTAMP:BTCUSDLong
by InvestmentSpam
" Will 10k be broken down ? "Daily BTC targets 08.05.2020Good afternoon to you everyone, Due to the strange manipulative actions taking place in the markets, they are moving the price up to new highs, let's prepare price levels that need to be reached in order to confirm the movement in one of the directions. From the side of the bulls there are orders in the zones 9300 and 9600, but due to the fact that the price is so overextended, bulls need to collect orders in more liquid price ranges. Market sentiment is at 55 on the fear / greed scale, suggesting us that there is confidence that the momentum of upcoming halving can push price above 10k. Bears on the other side put their big orders at 10k and 10.2k. In order for them to push the price down, they need to turn on the aggressive mode and place orders lower, but at the moment the orders are standing still, signaling us about their passive mood. If the levels are not broken then the day will be quiet Have a nice day and big profits
BITSTAMP:BTCUSD
by RussianExpress
Bitcoin Bull and Bear viewBTC Analysis on the weekly time frame Bitcoin forming a triangle formation with LHs and HLs. It is currently finishing its Wave D which shall stretch upto 61.8% FIb extension ABC. This shall give the Target 1 as 10,000 which seems to be achieved anytime soon. A further extension of the Wave D to 100% Fib extension ABC shall give the Target 2 level at 14200-14500. Any pullback to Wave E shall be suggested to reach fib retracement level 50%-61.8% giving the buy zone at 7300 levels. The bear phase shall start if the bitcoin pullback stretches further to 88% of Fib Retracement level at 5000 which shall be very difficult for bear currently. Stay alert and happy trading!
COINBASE:BTCUSDLong
by kuberbindra1
Bitcoin will always rise Bitcoin was designed to reach higher levels - This is not a stock!!!! People need to reanalyze this crypto asset again this is not a penny stock or a stock! again this is designed completely differently whales don't add to the value - the mass computational power adds to the value of the coin it's always meant to increase, it was designed this way! for all, you Bears go back to trading penny stocks and losing! if you don't know how bitcoin works stop trying to analyze with just best guessing, you don't know how it works or how it was designed! NOOBS with no proper analyses just guessing doesn't count look at the annual pattern what does it tell you? PAY ATTENTION! Computational power adds to the value! creating higher highs consolidating at a new lower highs
BITSTAMP:BTCUSDLong
by aironwinds
7
Bitcoin is still in a distribution phase, sorry bulls.Hi guys, so my previous idea that we had a falling wedge with higher probability that we would make a push back upwards towards 7.8k range worked out pretty well I was short term bullish, and I was watching and waiting for that tick upwards.. but I think the end is very near and we are heading towards a big crash down in the very near future, maybe in the following weeks, most probably before the halving happens.. looking at everything, I am seeing a Wyckoff distribution pattern that is currently being followed, and this spike upwards was nothing more than our UTAD test we will probably be ranging a bit within these areas for a few days maybe.. but I think a big drop and crash down out of our rising wedge is likely to be happening if we do close our monthly candle above the EMA21 I will be very bullish for bitcoin.. so that monthly candle close will tell us all, and that's only 6 days away :) so for now, my bearish bias still remains, if you want to hear more reasons why? then you can still watch me live on Facebook or Youtube, just google " The Dang Oracle " have been streaming live daily 7.30PM (UTC+8) see you on the next one. #stayhome #staysafe #staycovidfree -Ryu
BITSTAMP:BTCUSDShort
by ThereAreNoWalls
4