chillcrypto

chillcrypto

At least as long as equities are getting the attention. And investors decided whether they want Bitcoin or another crypto, there is no real clear direction up or down. Though a swing trade entry may be near. Its really hard to tell which way this wants to go.

chillcrypto

ARK funds seem to very well managed. I've been watching this one for a time but decided to be more cautious. I entered late but boy did I just miss out on 20%+!

chillcrypto

BTC was down as of this snapshot. BTCUSD was up but BTCEUR was down. But overall only a 1% one way or the other. Seems that investors believe this is a holding level until moving higher. I'm not assuming one way or the other until there is a clearer direction.

chillcrypto

BTC has set a lower support level, or has just dropped into a lower range. For now is supporting the top of the range but we'll have to watch over the weekend to see which direction this goes. Consolidation at this new level? Seems that everyone believes in equities at the moment. Watching for a break out.

chillcrypto

Off 18% at the time of this note. Hit a prior area of consolidation. Likely moving through this level and on to the next lower support line before a reversal.

chillcrypto

We seemed to inch up just over the range we've been consolidating in and have 'just' peeked over the range we've been consolidating in. Will this hold? Or will we fall back into the range as we have previously? Seems gold is shinier than bitcoin right now.

chillcrypto

If you are willing to accumulate and hold we are nearing the all-time low. After a cost restructuring 02-Nov, 2020 - the next key point is 2Q 2021. Regardless of the news reported in Q2, as we get closer there will be more interest in this company that may offer a unique opportunity for patient investors. Given the possibility of a volatile market during this same...

chillcrypto Updated 

PBW could be consolidating above the current support level but further upward momentum from here will take time. Waiting on a resumption back up - but for now am not holding PBW.

chillcrypto Updated 

Appears to be a head and shoulders pattern. (Note that as of this chart, BTC was down ~3%.)

chillcrypto

The momentum seems to be weak here as we consolidate in this channel. Do we break out above from here or test the support level below again? Or will we hang out until everyone gives up, break out above and then trigger FOMO buying?

chillcrypto

BTC indicates underlying value of GBTC (not exactly 1:1 as GBTC is a 'representative' fund). Current trend is downwards into a range of support that has been touched several times recently.