GBTC BarsGrayscale is following similar bar pattern fractal as previous 2 cycles and hitting resistance on major macro trendlines coming off the previous ATH. Nice steady uptrend since beginning of 2023
Key stats
About Grayscale Bitcoin Trust (BTC)
Expense ratio
1.50%
Home page
Inception date
Jan 11, 2024
Established in 2013, GBTC boasts a lengthy track record as one of the pioneering publicly traded Bitcoin funds. Functioning as one of the initial securities exclusively and passively dedicated to Bitcoin, Grayscale Bitcoin Trust allows investors to participate in BTC while eliminating the complexities associated with the direct acquisition, storage, and safekeeping of BTC. As an actively traded spot Bitcoin ETF, GBTC provides investors with considerable flexibility in managing their positions.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Potential Top for Bitcoin and GBTCWe have reached an area where Bitcoin has topped in terms of the Grayscale #Bitcoin product. This has been a good indicator of when to sell Bitcoin and the end of the halving cycle.
Cup and Handle Formation Spotted On GBTCWe want to share an interesting pattern on the monthly GBTC – Grayscale Bitcoin Trust chart. It’s a nice bullish cup and handle pattern, where the handle is supported by a 20-month moving average. Cup and Handle is a bullish pattern that can push GBTC, Bitcoin and the whole Crypto market higher at t
GBTC holds all time support growth curve up 500%Follow @ethanalysis for incredible but VERY rare calls like this. #GBTC, #BTC, #CKB.
Grayscale Bitcoin GBTC Elliott Wave Analysis Grayscale Bitcoin GBTC Elliott Wave Analysis
Weekly Chart
Elliott Wave count: Minor wave 1 of Intermediated Wave (5) of Primary Wave 3) of Cycle degree I
Bullish Trend: Motive Structure
GBTC Is Looking For A Bullish Resumption After Bitcoin HalvingWe talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle.
Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow do
Bitcoin ETF: Sideways Action to Pattern Out Excessive GainsProbably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down.
This is the
GBTC: SAME 2016 PATTERN?Hi guys,
I was looking on GBTC chart and I saw this pattern that seems too similar to first cycle for Grayscale.
Rsi moved quite similar, if we see the same scenario Btc could drop 40-50% just 1 week later the Halving, but who knows.
Is this relevant for who has bought the low? Obviously not, so f
Gbtc end of era or bitcoin new bear market Its look like we are going to new bear market
In btc Am not sure of this
But this analysis shows gbtc already topped
By fake breakout of triple top
And 3 tops on volume bars
Also every time on tops volume on gbtc going to much high
So were we are going?
We will get correction
In volume or in pri
Easy short? Shorting until around $44. If we hold there it may be a good spot for a buy. This is congruent with BTC chart, which is calling for a further dip into the 50s and possibly 40s.
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