#GBTC Marks Above 1000k as of Nov 25, 2017

While #BITCOIN pauses for a breather between 8354 and 8000 levels #ETHUSD and #BCHUSD are trailing in the same manner and direction with the classic leader.

As mentioned, that a 'TUG of WAR' has emerged from the surging crypto currency market that have taken notice on Wall Street big wigs. Especially so when the soon to open Bitcoin futures takes into center stage led by the #CME. Its going to be a sight to see who among these players on Wall street shines in the opening bell. While the community may just be on the initial sideline with a wait / see attitude. 

May not have gotten the full run on the classic but sure enough the GBTC has managed to outperform our earlier expectation of an exceptional market rally just well within one year.


Price Update: GBTC Above 1200 as of Nov 28, 2017

Reference info: GBTC  market & trade position

'FORKING WALTZ' between BITCOIN & BITCASH

#BCHUSD Benefits As #BTCUSD Drifts on Profit-taking & Alternative Moves

TUG of WAR has just started a DIVERGENT TREND DIRECTION 

The weekend proves to be a 'Forking Waltz' between #BitCoin and #BitCash price divergence in today's price action. The relative decline of Bitcoin below the USD7000 after making a quick stop at 7888 would seem to be the initial trade reaction from the surge of BitCash in the USD1350.00 as of today.

Increasing Volumes on New Trade Entry

The probability of the some traders switching into BitCash is just a fraction of Bitcoins prices, but trading above the USD1000 mark in a relatively rapid pace can still be attributed to the kind of market behavior of spot BTCUSD into the equivalent market. Although, we are anxious enough for the upcoming Bitcoin ETF that would be launch by Power-Shares and BITCOIN Futures by the CME - Chicago Mercantile Exchange and the CBOE - Chicago Board Options Exchange. 

The similarity can still progress into the same volatility at  first but will tame into a better trading scope as the new market would grow  steadily on its own sooner than everyone would expect. And in spite of the fact that some sees the community being divided into their own financial choices. But the way we view this industry would be in a manner of preference on how this should best serve the investor's interest other than the financial objectives set by companies and institutions that makes up the entire industry as a whole.   

   Diminishing Volumes on Profit-taking activity

BITCOIN Finds Relative Value as an ALTERNATIVE Investment

#BITCOIN have finally been making headlines as the Relative Value of the Digital currency has reached record levels above 6000 with a registered high at 6098.91 to date. It had gone though a series of market set backs from Mt. Gox and Chinese clamp down on exchange closures to Jaime Dimon fraud remarks of the digital currency. At the rate that prices are surging, and for as long as no market distraction would appear unexpectedly, USD6250 - 6780 would be an ideal objective compared to its current rate and momentum. 

Bitcoin price extensions are well calculated to be nearest to the USD8000 levels, but with greater probability of increase volatility and could attract profit taking that would result to a heavy pullback once a sudden melt-up occurs. A cautious play on risk / reward has to be seriously considered at this point. 

BITCOIN Finds Relative Value as an ALTERNATIVE Investment 

Reference: Bitcoin An Alternative Trade Strategy

Discussion goes on Bitcoin at Yahoo Finance

#BITCOIN Above USD5200 - #ETHUSD 306 Follows:

If you can't beat them, might as well join them! Rumors on China.

This phrase has been what rumors are saying. But it's just rumors until such news can be confirmed. Yet, it only proves that the demand for #BITCOIN #trading would be here to stay as market cap on bitcoin grows with #ETHEREUM coming in on 2nd. Likewise, Bitcoin prices carries a higher degree of premium over the rest of the pack as it maintains is biggest market cap especially at these current prices. And the technical angle where it is now defined with a valid channel as prices continue its upward trajectory.

Eventually, ProShares filing of Bitcoin ETFs will surely add to the legitimacy of the cryptocurrency. And people such as Jaime Dimon would have to contend that the digital currency is here to stay no matter what his views are on the matter. 

Price Update as a result of Market & Price Call

The valid VOLUME and PRICE REVERSAL on the ETHUSD have shown a steady and gradual trend. Part of which is a 'Mid-Price Consolidation well within a symmetrical triangle. Price 'Correlation' with VOLUMES has created an interesting 'DIVERGENCE' where the prices would take a cue from current BITCOIN prices. Obviously, ETHUSD have been lagging behind BTCUSD including the GBTC Investment Trust that tracks Bitcoin prices. 

On Yahoo Finance: #Bitcoin Hits Fresh Record Highs on Rumors of Chinese Ban Reversal 

#BITCOIN Steam Fades from Profit-taking

Choices & Decisions #investing #trading #Digital #Currency

The obvious #BTCUSD run came into an initial wall that saw prices drifting lower at the end of the week's trading above USD4050 from a recent high at 4480.00. Traders and speculative investors have managed to hang-on as demand could be felt from price action movements. And waited until prices marked its high nearest to the USD5000 initial objective which prompted to cashing gains gradually as its continued to drift lower towards the closing week. 

Comparative Charts: #BTCUSD #GBTC #ETHUSD

Click to continue

#BTCUSD Record Rally Above 3000 Mark

Driven by Volumes, Momentum and Market Price Sentiment have allowed Bitcoin to surpass the 3k mark; trading at 3380 as of this writing. Its 'Collective Market Cap' equally past the USD50B mark led to investors demand of the digital currency to record levels. Which we think also added to the positive tone that the global stocks and investors sentiments from the better than expected figures from the JOBS report have likewise spilled over to the Bitcoin market. As the recent acceptance from Japan and Korea added to fuel its growth potential in the near term rally.

As of August 7, 2017

For now, the overall technical perspective we defined has been limited to the figure best described below as prices have continued to move higher towards the 3200 levels well above the projected objective. No matter how prices extend to greater heights, we'll take it and watch were an exhaustion can be set in place, whenever there would be one to this writing.

Meanwhile. our GBTC Investment Trust is back towards the USD525.00 with a convincing opening gap that could lead towards a run away price gap supported by the solid fundamentals of BTCUSD heading on to this week.  

Notice the similar chart formation that we have applied which have signaled a high degree of probability for BITCOIN to attempt a newer high. Although, the parallel lines projected have set its higher goal, it has gone through the USD3250 levels.  A Clear, Clean and Simpler Approach Defines Trade Potential once Identified! And Results delivered after the fact.

As of August 11, 2017 - VALIDATION Price Update

#BITCOIN PRICE UPDATE: ABOVE 3700 Extension weighs in Market price from momentum trades. 

When the such price behavior runs in a pattern from its decline it can rally in a similar pattern once a reversal has been identified. The market run in this particular case was in multiples of USD300 +/- value unlike with the AUSSIE Dollar previously described. However, such methods can go in a variety of ways applied depending on the market conditions. The difference is huge simply because the market runs on price and momentum acceleration from demand and market sentiments.    

 

As of Aug 18, 2017 UPDATE: #BITCOIN Steam Fades on Profit-taking
Validation

#BITCOIN Steam Fades from Profit-taking

Choices & Decisions #investing #trading #Digital #Currency

The obvious #BTCUSD run came into an initial wall that saw prices drifting lower at the end of the week's trading above USD4050 from a recent high at 4480.00. Traders and speculative investors have managed to hang-on as demand could be felt from price action movements. And waited until prices marked its high nearest to the USD5000 initial objective which prompted to cashing gains gradually as its continued to drift lower towards the closing week.

Follow-through & Trend-Following #BTCUSD after China Crackdown

#BTCUSD full price recovery have been made with current prices well above previous high @1220.00 The 'BASIN / CUP' formation has been defined with prices trading well closest to the guiding range.

As of March 01, 2017 Asian Session

Meanwhile the corrective move below its previous high serves as the pause with the directional trend remains. On the tech angle, expect the 'Handle' to be made at the full completion of the formation. Pullbacks from highs are expected as prices will drift gradually lower to form such handle before resumption of its higher prices moving forward. Technical trading surpasses China intervention on Bitcoin exchanges.

Reference Info: China Hammers BITCOIN Exchanges

Effectiveness of Cross Trading with Futures

The Effectiveness of Cross Trading with Futures has always been an alternative strategy accessible to most tactical investor / trader that takes advantage of what is really an 'Open Season' to catch and adapt whatever the market throws out in the market place.

 From the 103.40 levels, the DX Futures have delivered in so far as anticipating a decline relative to its topping formation, while offsetting the decline equivalent to the BITCOIN which took a beating from the Chinese report from the PBOC. This is just one of those alternatives that can be accessed when it is called upon.

100.00-100.50 basis range would be a crucial price to watch as this may further retest the levels to eliminate more bull positions in the market. Although, from 103.40 to the current levels of 101.20 is not bad at all. Alternatives do work it all depends on knowing how and where to do so.

Cloud Chart DXH2017
https://www.tradingview.com/x/Y9aSs4P5/

Start of the Year for BITCOIN & GBTC Investment Trust

Price Update: GBTC @136.00; BTCUSD @1089.90 As of January 3, 2017

The opening levels for both instruments have gained on the first trading week of the New Year, as we have anticipated. Contrary to the pause we've seen so far with the USD. Position adjustments are currently being made which may spill over positive sentiments into the week before we see any serious session low. This has been an excellent Hedging Strategy against Asian Currency lose of Value and a Overall Divergent Stock Trend.

BTCUSD As of Jan 03.2017

GBTC Investment Trust As of Jan 03.2017

#BTCUSD An Alternative Trade Strategy - Defined Trend Direction

Trade with Caution! High Degree of Risk

Bitcoin Market as an

Alternative Market place.

VALIDATED:  As of DEC 28, 2016 - Bitcoin marks a high @959.95 in Asian session.

In our recent information on Bitcoin, the digital asset class and its single face value (BTCUSD) have continued to gain ground from the 789.70 dated Dec 19, 2016. And is trading @861.38 as of this writing. A difference of USD71.68 in a matter of 3 trading days shows its strength relative to  other markets.

It has been awhile, yet the gradual rise from the low levels @232.00 in September 2015 have gone up until June 2016 have been in line more with the DOW and the USD Index. Price action analysis have showed that the increase in market volatility had the same metric effect for #BTCUSD.

Although with its similarity in price action, the technical perspective for the #BTCUSD has formed a 'Basin or others may call as a Cup w/o the handle'. Its gradual but well reinforced rally is aimed at the USD900.00 - 955.55 near term. But be cautious of the daily pullbacks in between session nearing the end of the week and month's trading. As it follows a degree of profit-taking at this period.'

Again trading the Bitcoin market is more focused as an alternating trade strategy as it carries a much higher degree of risk due to its volatility and susceptibility to its current market regulations. However it is well recognize now by  the Luxembourg financial regulator, the Luxembourg Financial Industry Supervisory Commission (known as CSSF)

Cloud Chart: #BTCUSD
https://www.tradingview.com/x/quOjShfD/ 

BITCOIN #Trading & #Investment - Comparing Apples & Oranges