8/11/17 update: OK, here's my most recent GBTC trade blog. My 2 short entries were actually at 373.00 and 430.00. The GBTC chart showing the confirmed short term top above $600 today.
8/15/17 update: GBTC just traded to a new n improved n looower high of 721.00 that I would "prefer" to see get taken out before it moves much lower...only because I doubt it can move substantially lower before 721.00 gets taken out. :-)
8/18/17 update: I love this high GBTC just set yesterday >>> 777...spot dead on. You feelin "lucky" punk? Well...are ya?!!! :-) I still have it as a short term confirmed top and I still say a wave of selling in bitcoin that "shocks!" is coming...taking GBTC to sub $400 for sure...what price would "actual" bitcoin be selling for if GBTC is at say $350, @cantfightthefed? Don't even bother trying to figger it out... I'll show ya. :-)
8/23/17 update: Yesterday, Mon 8/22/17 GBTC set a lower high that would need to be breached in order to say that all short term highs have been confirmed. That lower high is $720.00 ...spot dead on. Not even going to "guess" whether or not they go up to retest the 52 week high again. I still say >>> No! :-)
8/23/17 9:57 AM update: Once again, a "miracle" as there is no way I would have thunk today's 739.00 GBTC high would have been a higher high to contend with. But "not so" says the sentiment indicators. :O
8/11/17 update: OK, here's my most recent GBTC trade blog. My 2 short entries were actually at 373.00 and 430.00. The GBTC chart showing the confirmed short term top above $600 today.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=36&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/14/17: Hard to imagine, but today's GBTC 765.00 high is now showing as a short term confirmed top, plus a short term sell signal besides. :O
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=55&y=15&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/15/17 update: GBTC just traded to a new n improved n looower high of 721.00 that I would "prefer" to see get taken out before it moves much lower...only because I doubt it can move substantially lower before 721.00 gets taken out. :-)
8/18/17 update: I love this high GBTC just set yesterday >>> 777...spot dead on. You feelin "lucky" punk? Well...are ya?!!! :-) I still have it as a short term confirmed top and I still say a wave of selling in bitcoin that "shocks!" is coming...taking GBTC to sub $400 for sure...what price would "actual" bitcoin be selling for if GBTC is at say $350, @cantfightthefed? Don't even bother trying to figger it out... I'll show ya. :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=59&y=9&time=8&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/23/17 update: Yesterday, Mon 8/22/17 GBTC set a lower high that would need to be breached in order to say that all short term highs have been confirmed. That lower high is $720.00 ...spot dead on. Not even going to "guess" whether or not they go up to retest the 52 week high again. I still say >>> No! :-)
8/23/17 9:57 AM update: Once again, a "miracle" as there is no way I would have thunk today's 739.00 GBTC high would have been a higher high to contend with. But "not so" says the sentiment indicators. :O
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=43&y=15&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11