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RE: While the whole world is waiting for a Bitcoin ETF, one is already available!

in #bitcoin • 7 years ago

Nice. I have actually been commenting on teh technicals of GBTC and how that ETF will "likely" lead the price of "actual" bitcoin. I'm also tracking BTSC.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=btsc&x=36&y=19&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=15

That's a short term sell signal on BTSC so I figger it will see the sub .05 target I spewed about in my first blog about it here.

7 years ago in #bitcoin by
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     7 years ago 

    Thanks for the information @joejustjoe, very useful. I'm going to read it.

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       7 years ago 

      I linked a few people to this blog as you went more indepth on teh particulars of GBTC via your blog. I'm simply following pricing as driven by sentiment. Hopefully more learn about GBTC as it is a much better way to trade bitcoin then "actual" bitcoin. Longer term both go looower. I'm still trying to prove to myself that GBTC "leads" teh bitcoin price both up and down. Right now it looks like actual bitcoin is it's own animal. But if GBTC was so "obviously" mispriced and it holds all of those coins...I wouldn't be "shocked!" to see a major gapdown move in actual bitcoin soon.

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         7 years ago 

        Thanks @joejustjoe for sharing and also your feedback. It helps me a lot. Interesting opinion and i am going to check it out!

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