GLXY showing weak rally off the lows with BTC.D flexing its muscle and sucking the market cap out of alts to push higher. However, another alt pump may be approaching (or may have started). GLXY under $5.00 is good area to start accumulating (depending on your outlook on markets), under $4.00 is even better. Currently, favoring the count as wave (5) of ((3))...
Hello traders and investors! Today we want to show you who is potentially driving Bitcoin. Mike Novogratz's Crypto firm Galaxy Digital Holdings is just one of big investors who are responsible for the price of Bitcoin. As you can see, there's a nice positive correlation between GLXY and BTC and if we consider a big A-B-C correction from April highs, then wave C...
GLXY shows no weakness, still bullish. Current price objection $37 CAD with further climb up. There's still much supply available to buy, don't miss your chance.
Galaxy Digital is still rising, if you're a hodler - just hold. At the moment is a little bearish with possible pullback to $23 CAD but for longer term is still unchanged $28+ CAD in 2nd half of April or even sooner. And for far long price objectives it projects $55+ by current volumes.
We 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...
Current 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...
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...
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...
I believe that a crypto bull market is in the making. For those who missed out on the cryptocurrencies, equity related stocks should benefit. GLXY is poised to breakout here. BIG LONG!
Galaxy digital could be good traditionally traded stock with exposure on crypto, not only Bitcoin.
Here's a 1 year chart comparing Bitcoin in the yellow, Hut 8 in the Red, Hive in the Green, ETH is the Blue Line & GLXY the Purple line, the 200 Day MA is the Black line. It's possible this parabolic rise in Hive is correlation coming back between Ethereum & Hive, it would possibly explain the uptick even when ETH is red.
As you know, from time to time, we use other markets as a gauge for how Bitcoin (BTC) will do in the future. In this case, we wanted to use Galaxy Digital (GLXY). GLXY is the publicly traded stock of Mike Novogratz's crypto hedge fund. The shares trade in Toronto. We have been following developments in GLXY closely. As you can see on the chart, GLXY have back...
I have been following Galaxy Digital for a while and I think it is very interesting. The recent spike in price might indicate that it will finally gain some traction. The stock is too young to do decent TA on it IMO. Novogratz himself bought a lot of shares and has approx 70-80% of the holdings. Insiders buying share often indicate something good. -I am opening a...
I've followed this stock for a while now and have watched it move more or less in tan tum to the crypto market, however this correlation has since been broken as of mid April. It has fact traded downward to $2.07 CAD today meanwhile Bitcoin continues it's steady climb to over $9.7k, which represents nearly a 100% increase from mid-April. This is an very unusual...
In my previous post I talked about the descending triangle that was broken to the downside. It appears as though a bottom may be forming, not 100% sure yet. I expect to see a retest of the resistance at $2.20 CAD. Time will tell per usual.
Mike Novogratz is awesome, but the chart doesn't lie. 1.30 & I'll start to take a position, maybe. he he he. To each their own.
Mike Novogratz, the founder and CEO of Galaxy Digital LP (GLXY) now owns around 80% of the company. Shares reacted well to the news, jumping 40% to close the day at $1.40 CAD.