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GBTC

Will Bitcoin Tag 44k Before More Selling Ensues?Just wanted to give you all a quick summary of where I stand regarding the recent Bitcoin price movement. In short, I believe that Bitcoin could possibly still tag 44k before the sellers come back again to take us back down to 37-39k. This is where I start to make my re-entries once again, DCA'ing it as we fall. Plus, we'll start by looking at the DXY and SPY and I'll show you what is going on there and what that tells us about how crypto will move.
INDEX:BTCUSD
by stewdamus
Market ideas for Friday - SPY, GOLD, USOIL BTC DXY WHEATOK so yesterday was not my best day. There are still some signs of a reversal possible but unless spy gets over 390 in the next day or two, all rallies will be suspect. USOIL looks like a correction is over and we should go higher, Wheat correction is normal for the first leg up, it could test 8.14-8.00. Gold spiked through support but it doesn't mean anything just yet, esp if the dollar reverses soon. BTC holding it's support at 19500, under 19k would be problematic. Thanks very much for listening and good luck!
AMEX:SPY
by the_sunship
7
BTC - Bullish EMA Cross - Further Consolidation PossibleTRADING ACTIVE Trade Entry 1. Adding to position, I would wait for break of 10WeekMA around $8k for confirmation bullish to next high OR if rejection of 10WeekMA wait for Buy Zone. 2. Not already in BTC, I would consider buying a small position at this price as BTC can go parabolic as we end pattern. Once you have a small position, assume that we may consolidate further (use #1 above). Chart Details Seeing Bullish EMA Cross today on Daily view. Watching to see if price rejects at $8k (10WeekMA). If rejection, Buy Zone is $7100 - $6k. Small chance of low down below $6K (always save buying power for here). Weekly view shows green Sell Signal (mixed signal). If we break $7692 this should trigger Buy Signal on Weekly. RSI working in channel will breakout to confirm trend. Outer Space Chart (Long Term View) About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :) Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
BITSTAMP:BTCUSD
by MoneyPatterns
2