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Grayscale

BTC- Key things to look out forTotal exchange volume, after reached ATH in early Jan, has since come back down, but is still much higher than it was a year ago. Fundamental- Grayscale’s Crypto AUM has recently surpassed $30 Billion lvl and it was mostly driven by hedge fund involvement. Average commitment is in uptrend as well. Fidelity Digital Assets President Tom Jessop is bullish on BTC along with Ray Dalio and Jordan Belfort (probably shouldn't mention him in the sentence as Dalio), both of them have been vocal critics of BTC until recently. Ray Dalio even went as far as claiming BTC as an alternative to gold-like assets. Crypto exchange River Financial recently launched a mobile platform for iOS, aiming specifically at the demographic over 50s. If boomers join the BTC bandwagon, their wealth can become a powerful driving force of BTC's price Derivative- CME's leveraged funds have been steadily reducing their short positions since late Dec. BTC futures volume, after reached its peak in mid Jan, has since come back down, but is still hovering around Dec. lvl. BTC futures OI on Binance, Okex and CME has exceeded 2 billion few days ago and is still at elevated lvl despite a minor drop today. Funding rate suggests that traders are moderately bullish On-chain- Recently, over $550 Million of BTC was transferred out of Coinbase Pro, which potentially indicated less selling pressure and more Hodl activity. The # of Bitcoin whales (entities holding ≥ 1k $BTC) is still increasing In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC, the highest monthly number in Bitcoin's history to date SOPR has recently reached 1, which means ppl are now less willingly to sell below the break-even price unless majority of them believe price will drop further because we are still in the bear market, which is an unlikely scenario. This could potentially mean the end of profit-taking and the resuming of uptrend. USDT issuance continues to climb up steadily so is StableCoin Supply Ratio (SSR), which might indicate more buying pressure to push up the BTC price.
by Libratus
2
DOT will go higher, Grayscale is inThis month, Polkadot’s DOT already gained +83%, displacing XRP as the #4 crypto asset by market capitalization. Since the all-time high on January 16, the price wobbled, looking for support — it looks like it was found at around $15. Grayscale, an asset manager with $20 billion AUM, recently incorporated a new trust for Polkadot. At some point they might use this trust to give institutions exposure to Polkadot. This was enough to spur rumours across the crypto twitter and respark enthusiasm with yesterday’s +9% daily candle. So we’ve posted this question to Cindicator’s Hybrid Intelligence: “The cryptocurrency Polkadot (DOT/USDT) settled at 16.3463 USDT at 09:30 AM UTC at the Binance exchange on Friday, January 29. In your opinion, will DOT/USDT trade above 19.45 USDT (+19%) at any time before February 12?” Assurance: 82% This is a very high indicator, which suggests that Hybrid Intelligence believes the price would go higher. And 19.45 USDT is just 5 cents above the ATH on Binance, so if that level is broken, the price might go even higher, fast. Or the trend might reverse just under that level, so manage risks accordingly with tighter TP orders.
Long
by Cindicator
2
Decentraland (MANA) - Poised For A Breakout?The 1-Hour Chart gives a pretty good reading on the recently volatile MANA / USD chart. It may come down to re-test one more time--depending on what Ethereum decides to do. "Don't you mean, 'depending on what Bitcoin decides to do??'..." Well, yeah, but BTC's in a bull-run, if you haven't noticed (it's recent "decline" includes increasingly lower volume at each low = seller's almost tapped out). So, if BTC's an inevitability, and if ETH has been trending up towards breaking out against its ATH, then MANA could be a pretty good play at its current prices. Sure, there's some "resistance" at $0.17-0.18 for MANA, but remember: MANA (oddly, right?) is one of the coins that Grayscale added to its trusts for public purchase. Maybe Grayscale wants to get a piece of the Gaming pie, and Decentraland has certainly put in the effort to establish itself into the blockchain-gaming niche. This is the sole reason for its recent surge a few days ago. And once BTC and ETH start their inevitable march (aka "launch") back up, coins like MANA are sure (not financial advice) to follow. noteworthy: The 6 coins added to Grayscale's trusts incl.... LINK (duh) BAT (sure, ok) FIL (yep, nice--although this one was added a while back) XTZ (large community of stakers) LPT (Livepeer? Uhh...alright, whatever) and...you guessed it, MANA Let's do this. 🚀🚀🚀 🌜☝️💰💰💰
BINANCE:MANAUSDLong
by ericpaulmangin
Bitcoin : Signs of accumulation and more upside potentialThe Wyckoff Method is a study of how market makers and whale manipulate retail traders to get in, and out of large positions. It's something any serious trader MUST understand. You do not want to get caught in distribution, and you don't want miss out on accumulation or re accumulation. In this idea I am covering what seems to be a potential Wyckoff Reaccumulation phase on Bitcoin. What is a Reaccumulation? If you look at the idea linked below you can see the different phases of a market. There are 4 key phases in a Market Cycle: 1. Accumulation The heavy buying phase before the uptrend begins. 2. Mark Up/ Re accumulation (Current Phase on the chart) Mark Up is the uptrend, Re accumulation phases are sideways pauses in the uptrend where more buying occurs before continuation of trend. 3. Distribution The heavy selling phase before the downtrend begins. 4. Mark Down / Redistribution Mark Down is the downtrend, Re distrubution phases are sideways pauses in the downtrend where more selling occurs before continuation of trend. #2 is the current potential phase we are covering in this idea :) And as you can see in the image above, when the price was in a uptrend the Reaccumulation phases are marked in yellow. So a reaccumulation is basically when price of an asset is increasing in value, the market begins to move sideways with the direction up or down undecided, while this occurs a trading range is formed and many buyers are entering positions at the bottom of this range, reaccumulating for the next leg up. What is a Wyckoff Reaccumulation? This particular range described in the image with lettering is Wyckoff Schematic #2. The Wyckoff Method is a study of how market makers and whale manipulate retail traders to get in, and out of large positions. A Wyckoff Reaccumilation Schematic is basically a study on a advanced chart pattern whales and large size traders use to trick retail traders (mom & pop investors) into "PANIC SELLING" there asset or triggering stop losses under important support areas to generate the massive liquidity needed to fill large buy orders. They trick the traders and fill orders at the Shakeout and Spring areas. In the above image you can click the pins for a further explanation of each characteristic of the Wyckoff Range. So far Bitcoin is matching up quite well to this pattern, the PSY and Shakeout phases are quite obvious, not to mention that there is alot of Institutional Buying happening behind the scenes. It is likely this range breaks to the upside and we push towards the $45,000-$50,000 mark. If you visit: www.bybt.com You can see Grayscale Investments has added 26100 Bitcoin to its holdings this week, purchasing Bitcoin at a faster rate then it is produced, the rules of Supply and Demand tell us that when Demand outweighs the Supply of an asset, prices increase. Paired with the potential Wyckoff Reaccumilation range, if this pattern continues to form it will be a very strong sign higher prices are coming. If you found the idea informative you can show your support by Liking & Commenting! Thank you for reading :)
Long
by Worth_The_Ri5k
11
The Grayscale Effect2021 Will Start Slow With the holidays nearly over, the Grayscale Effect will go on hiatus for the month of January. With unlockings being non-existant in January, the Grayscale Effect looks to be a non-factor over the next five to six weeks. Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly minted shares that can be traded in the stock market six months later. Once these shares can be traded in the market, we call it an unlocking event. Shortly after these unlockings occur we noticed price rises. That's the quick take on what the Grayscale Effect is. To learn more on what the effect is, how accredited investors make a killing on the GBTC premium, and a breakdown on each of the Tranches shown above, read the Hackernoon piece here: hackernoon.com
COINBASE:BTCUSD
by Ben_Lilly
19
Bitcoin approaching $50,000 with strong bullish signsHello traders! Just wanted to give a quick update on Bitcoin, it is currently showing some potential signs of bullish contination here. I am seeing these potential signs of more upside and will go into each concept a little further below. Bullish Signs Explained: 1. The price continues to print Higher Lows (HL's) which is characteristic of a strong upwards trend. 2. The price is swinging between two converging trendlines forming a potential Ascending Triangle pattern, another sign of potential bullish continuation. 3. The price has "S/R Flipped" (Support & Resistance Flipped) the previous resistance of 39600-40000$ USD, as you can see we are starting to increase in value from this area which is another potential sign the buyers are now in control once again over the sellers. 1. Higher Lows (Market Trend) What is a trending market? A trending market is a market that is moving generally in one direction, upwards or downwards. There may be small sideways "consolidations" or "pauses" but the overall direction of the market continues in that direction (an Uptrend or Downtrend). Uptrends can be identified by the consecutive appearance of Higher Lows and Higher Highs (HLs & HHs) on the chart. Downtrends can be identified by the consecutive appearance of Lower Lows and Lower Highs (LLs & LHs) on the chart. As you can see Bitcoin is clearly in a strong uptrend, printing consecutive Higher Highs and Higher Lows on the price chart, until this price structure is invalidated we have no clear signs of Bitcoin slowing down just yet. 2. Ascending Triangle The Ascending Triangle is identified by price making 5 swings between a Right Angled Triangle, while ascending (increasing in value after each consecutive downwards swing). This pattern can be a potential sign that the price can actually continue upwards, and requires 5 perfect touches within the pattern to be considered valid. Bitcoin is currently on 5 touches of this pattern so something to watch out for. Eventually as the price squeezes between the two converging trendlines we can see a breakout of the Ascending Triangle Pattern (usually upwards), a key characteristic of the pattern is also the Higher Lows as described above in Market Trend. The pattern height is measured and added to the top of the structure for a potential price target. Entry points are at (A) and second on (B) at the next potential "S/R Flip" which i describe below. One thing to watch out for is a false breakout which means that the price can shoot out above or below the pattern; tricking traders then quickly reversing the other direction. If this does not occur then i expect Bitcoin to head up to the $45,000 region soon. Key Characteristics: -5 Touches minimum -Declining volume usually -Right Angled -Higher Lows in price structure -Above average success rate 3. S/R Flips (Support & Resistance Flips Marked on the chart with horizontal lines & transparent zones are Support & Resistance areas, to describe it in layman's terms: a asset can decrease in value from a Resistance Area and increase in value from a Support Area. Eventually when price revisits these areas multiple times the buyers or sellers can outweigh the latter leading to the price to push through the area, it is common for it to come back to the area once last time before "flipping" it. A previous Resistance now becomes Support, and a previous Support can now potentially become Resistance. I have marked the key resistance area in red, if we can see a Support & Resistance flip here above $41450 it could be a potential sign that there is alot of buying momentum still occurring on Bitcoin. (The yellow lines show what the Support & Resistance Flip would look like). As you can see we have already flipped the previous resistance (the image below is the same chart, only highlighting the previous S/R Flip) so we are looking for the same thing to happen at the next resistance area marked above. So that is my current update for Bitcoin, i hope you found it informative, thank you for taking the time to check it out and if you want to show your appreciation you can like the idea or follow my trading view page thank you!
Long
by Worth_The_Ri5k
5
$XRP/USDT 2h (Binance Futures) Ascending triangle breakdown#Ripple is not looking good after that break and retest, worth a try for a scalp. Also Grayscale selling their bag and all the Exchange delisting for U.S. customers aren't helping to go up! Current Price= 0.2291 Buy Entry= 0.2274 - 0.2354 Take Profit= 0.2120 | 0.1874 | 0.1710 Stop Loss= 0.2508 Risk/Reward= 1:1 | 1:2.27 | 1:3.11 Expected Profit= +8.38% | +19.01% | +26.10% Possible Loss= -8.38% Fib. Retracement= 0.5 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 120h
Short
by TradingOn
Grayscale Ethereum - ETHEThese are my thoughts on ETHE. They are meant to give you an idea, not trading advice. So we saw a big rally in ETHE, I do was expecting this to go higher. Too bad. But a correction is inevitable, and will tell us a lot about the future of this market. - We just had a big capitulation volume spike which could mean the bottom of this correction is in. - RSI is still on the strong side. If it can somehow manage to pick it up here, the correction could be over. But Looking at the massive selloff in the last 2 weeks, I think we will needs some consolidation which could take a couple of months, like we saw after the previous spikes. Early-mid 2021 seems like the takeoff. I will update this since I'm still holding my position. Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
E
by AXLP
2
Grayscale ETH Trust - this chart looks incredibleThese are my thoughts on ETHE. They are meant to give you an idea, not trading advice. This is a setup meant to go big. - Almost breaking out of a pattern - RSI getting to a strong point - massive volume - crypto bull market starting I believe price will get above the white MA, then start a massive & aggressive uptrend. I hope I'm right on this on. Please be careful, as the market never gives you certainties, only probabilities! ALWAYS REMEMBER THIS WHEN YOU TRADE
ELong
by AXLP
6
Grayscale ETHE Post-Split Price TargetsHey traders, haven't done an ETHE read in a while so here we go. On December 2nd, 2020, Grayscale Investments Ethereum Trust ETHE declared a 9-for-1 stock split. Based on the Trust having 29,502,100 Shares issued and outstanding and each Share representing ownership of 0.09284789 of one Ethereum, after the effectiveness of the Share Split on December 17th, 2020 the Trust now has 265,518,900 Shares issued and outstanding, representing 0.01031643 of one Ethereum. Grayscale ETHE has ~2,755,267 Ethereum according to their AUM on their website. That's about 2.4% of the entire supply of Ethereum, with 113,983,877 total ETH circulating. In other words, a decent chunk of the supply controlled by one entity. Now in June 2020, ETHE had a spike upwards to whats now $28 after-split when the price of ETH was about $200 a coin. That's a pretty hefty premium for this stock and trading at about a 515% premium to ETH value. Now, December 2020 going into 2021, ETHE is trading around $16 with the current value of ETH being $600 which doesn't make a whole lot of sense. Realistically, the price right now should be at least $31.50 if investors kept true to the premium. However, it is not like that and we're seeing some accumulation around $13.8889 - $15.9722. It looks like we hit the top of the 2nd cycle this week and have fallen 33% in the span of 2 days. I don't think this dip will go much lower than $13.889 as that is the start of the uptrend and is a local bottom signal. I'm expecting a reversal off of this level, going long towards: TP1 🎯 $15.9722 TP2 🎯 $22.5544 TP3 🎯 $31.5000 Okay some detail about these $31.5000 and $40.50 levels, they are both the absolute bottom levels before the stock split 9:1 earlier this month. Right now the $4 level of support I have marked represents the $40.50 level that's still drawn out on this chart. From what i've been noticing is that these pre-split drawn levels of support turn into resistance levels on the post-split chart. I saw this exact pattern play out in TSLA where all the levels of support drawn pre-split turned into take profit levels going long as resistance. I hope that makes sense traders and please trade this stock with caution it is an ETF that says it represents shares of Ethereum with $1.7B AUM but as always tread with caution. This is a daily chart so i'm not expecting a reversal right away, but it should happen and going long to my TP levels. Will not happen overnight!!!! <---- Cheers and happy holidays traders!
E
by kyer
69
Grayscale's Holiday Massacre of BTCA Bitcoin Holiday Massacre? It's a Grayscale pump. Our team is willing to disclose it now.  All you need to do is dig through their 8-k reports and quarterly reports, then pair it up with price action. It takes a little work to match it all up, which is why you don't see anybody talking about it.   And frankly, the motivation to go that far was more from our ai trading machine Jarvis. It was basically telling us to look at something without saying it.  So here's what we found... The market price we see today is a direct result of the massive inflow seen into Grayscale from six months ago.  But here’s the thing… That effect from the massive inflow ends near the end of the year. Combine that with low levels of liquidity due to the very nature of the holiday season and profit taking before the year closes out… The stage is set for a Bitcoin Holiday Massacre. Now to understand why inflows and the time period of six months matters, let's pull back the curtain on Grayscale a bit. Grayscale is an entity of the Digital Currency Group who has cornered the market, accumulating a total of 536k BTC to date. Their unique structure is what makes it possible. It’s essentially one way. BTC and USD flow in, and nothing comes out.  Here’s their holdings over time: www.theblockcrypto.com The way they achieve this one way flow is in the way they dole out shares. Accredited investors or 'wealthy individual' can sign up for a Private Placements to receive shares.  These accredited investors can then give BTC or USD to Grayscale. In exchange Grayscale gives them equal value of shares. If each share equals 0.001 BTC (In reality it’s 0.00095085) then for every BTC handed over to Grayscale, the accredited investor receives 1000 GBTC shares. The catch is the private investor must wait six months before selling the shares on the market… to the non accredited retail investor. The not so wealthy investor. It might seem fair, the exchange of shares for BTC, but in reality its anything but fair. That’s because GBTC almost always trades at a premium. Retail non accredited investors looking for a pure play into BTC within the stock market are paying anything but fair value. For example. Yesterday GBTC closed at $28.25. Bitcoin according to the BraveNewCoin Liquid Index closed at $22,830. At 0.00095085 BTC per share, fair value for GBTC is $21.71. That’s a 30% premium just because the buyer isn’t wealthy. And that’s a 30% premium going straight to the accredited investor who handed over their BTC. It gets worse… Periodically Grayscale closes its offering for some time before allowing more investors to buy new shares. Once these new offerings start, the six month countdown begins.  Once the countdown is over we see over the last two years solid evidence that the market suddenly jolts higher almost every single time. That’s right… the spot market gets driven higher shortly after the newly minted shares can hit the market.  Don’t believe me? Well, before I show you comb through the chart above and its 51 different lines and arrows (yes, I counted... but am a bit sleepy so could be off by a few) let me first add in that six months prior to bitcoin jumping past $14,000 the largest inflow happened at Grayscale. And it happened over months, not a week. That's what those boxes represent. Now that the six months are up as of November 2nd the market has been rallying hard. Not to mention Wall Street fund managers are suddenly changing their tone.  Here's the thing. The large inflow of capital into Grayscale paused the week of June 29th. Meaning for most of July there were no inflows according to the most recent quarterly report. Six months from then is December 29th.  The holiday season might experience the first major correction of this bull market. Professional traders will be on break, market makers will be less active and Wall Street not in the office... It's a recipe for lower volumes and lower levels of liquidity. Combine this will natural profit taking measures that can happen before the New Year and no new shares getting dole out, we're setting up for an environment poised for a correction. Key: Blue vertical lines represent inflows resuming Purple lines represent when the 6 month lock up is over from the date inflows resumed White line is the pump after the lock up is over The two boxes represent the largest inflow time period and unlocking period Horizontal arrows help connect each blue line to the corresponding purple line.
BITFINEX:BTCUSD
by Ben_Lilly
13
[BullShow] Still Bearish but turnaround to BullShow soon!Over the past 10 years, the price of Bitcoin and cryptocurrency has been dominated by miners. However, since the coronavirus, as the money supply of each government increases and the value of the money decreases accordingly, institutional investors are increasingly intervening in the price of Bitcoin. In particular, it is no exaggeration to say that the rise of Bitcoin in recent years was led by institutional investors. Accordingly, in the past, the indicator of HashRate or Profitability of Mining was an important index for cryptocurrency investment, but now is the time to examine the investment movement of institutions. This idea is an idea to follow the movement of institutional investors. I created an index based on the correlation and disparity between the price of institutional investors and the price of Bitcoin. Accuracy increases after CoronaVirus, when institutional investors start buying in earnest. Due to the recent big rise, the premium between the Grayscale and Bitcoin prices has increased, and if the price difference between the premium decreases again soon, it can be expected that another bullish market will begin. Bless you and thanks all! Indicator Information * Initial indicator sets under 5 to buy, over 85 sell * The accuracy and reliability of indicators rise sharply from 2020, From the point when institutional market intervention increases rapidly * Other altcoins buy and sell at the same time frame as Bitcoin. Back Testing Back testing start from 2020. 01 . 01 Initial_capital: $1,000 percent_of_equity: 100% Commission: 0.2% Current Capital: $5,616.90 Total Profit: 561.69 %
COINBASE:BTCUSDShort
by BullShow
4